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Share:Procryptocurrency super fund Fairshake has raised $116 million to influence the 2026 U.S. midterm elections; several major backers including a16z, Coinbase and Ripple have increased their support.

pro-cryptocurrency super fund Fairshake, has raised $116 million to influence the 2026 U. S. midterm elections in the U. S. ; several major backers including a16z, #Coinbase and #Ripple have increased their contributions, strengthening Fairshake's financial strength.
Which Senate race will be the group's most important target? It's still unclear, but the political landscape is changing. After the defeat of Kamala Harris in favor of cryptocurrencies, anti-industry sentiment in Congress has greatly diminished, but opposition still remains.
Fairshake, known for its massive campaign spending, is preparing for the upcoming midterm elections. According to CNBC, the PAC is gearing up for the November presidential election. It began accumulating funds shortly after Donald Trump's victory; A16z immediately donated $25 million, bringing the total to $103 million.
Fairshake is expected to invest heavily because election campaigns can cost a lot of money. During the 2024 election cycle, the PAC spent about $180 million to influence the election. The midterm elections are expected to be just as competitive, so the military buildup is crucial.
In addition to supporting Trump, FairShake also plays a role in supporting candidates not on the ballot, such as Bernie Moreno. In a statement, the organization reiterated that it supports candidates who promote innovation, economic growth and balanced regulation.
Previous donors, including Coinbase, have doubled their funding, and companies like Ripple and Uniswap have provided new funds. But which of the candidates will Fairshake compete with?
The crypto industry is currently in a strong position in US elections. In the last election, Kamala Harris was hesitant to accept #digital assets, but ended up positioning herself as a pro-cryptocurrency candidate.

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#CryptoUpdates #news

The Trump administration's decision not to create a bitcoin reserve has surprised some, including bitcoin critic Peter Schiff.

I understand the implications of creating a #bitcoin reserve, Schiff wrote. I don't agree with him, but I understand. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create bitcoin reserves as well.
But what is the point of the XRP reserve? Why do we need it?
Meanwhile, Jeff Park, head of alpha strategy at Bitwise, said that Trump's underestimation of how important it is to have a bitcoin-only strategic reserve is a huge political miscalculation.
the only crypto asset that makes logical sense to use as part of the country's strategic reserve is bitcoin.
Nick Neumann, CEO of Casa
An endless amount of #digital assets, especially with zero utility, is not fit for purpose.
Pierre Rochard, vice president of research at bitcoin mining company Riot Platforms, also believes that cryptocurrencies' strategic reserves are naturally bitcoin-only because #altcoins have zero utility relative to bitcoin. LINE_ BREAK The strategic cryptocurrency reserve was announced after weeks of work by the president's newly formed Digital Assets Working Group, led by Executive Director Bo Hinds and David Sachs, who oversees artificial intelligence and #cryptocurrencies at the White House.
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#FinTechInnovations

Court documents filed as part of a Freedom of Information Act (FOIA) lawsuit against the U.S. Federal Deposit Insurance Corporation (FDIC) show that U.S. regulators have suspended cryptocurrency activity at some financial institutions.

In a lawsuit filed in the U. S. District Court for the District of Columbia on March 12-6, the court published a "notice of suspension" sent by fdic officials to the boards of various U. S. banks whose names were redacted.
According to the letter, sent in 2022, the FDIC asked the agency to "cease all activities related to cryptoassets" due to uncertain regulation of #digital assets.
Fdic will notify all banks supervised by fdic at a later date when a decision has been made regarding the supervisor's expectations for engaging in cryptoasset-related activities, including the need for regulatory filings.
court documents were part of a FOIA lawsuit filed by History Associates on May 6. #Cryptocurrency exchange #Coinbase , which is also involved in an enforcement lawsuit filed by the SEC, hired the company to send FOIA requests to the FDIC in connection with the cryptocurrency company's application for a bankruptcy stay. The request was denied, leading to litigation.
Conspiracy theories or evidence of U. S. government policy?
In other letters released on Dec. 6, the bank was informed that it may need to provide information before providing additional services. Much of the text has been redacted, but some of the FDIC emails indicate that financial institutions are considering cryptocurrency-related activities.
These emails show that the work of Chokepoint 2.0 was not just a cryptocurrency conspiracy theory, Coinbase General Counsel Paul Grewal said in the Dec. 6 release. The FDIC is still hiding behind overly broad restrictions.
Operation Chokepoint 2.0 is a colloquial term used by many in the industry to refer to the U. S. government pressuring banks to cut ties with cryptocurrency companies.

Brian Armstrong, CEO of Coinbase, said at 11:27 a. m.
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Permanent link to this post: the House Oversight and Government Reform Committee wants to investigate the FDIC's debanking practices under the previous administration.

Chairman Comey released the agency's uncut records to investigate these cases.
Custodia Bank CEO Caitlin Long says President Trump has done nothing to address the problem of debanking.
The House Committee on Oversight and Government Reform is investigating the actions of the Federal Deposit Insurance Corporation (FDIC) under the previous administration.
The focus of this investigation is whether financial institutions were forced to shun #digital assets.
The focus of this investigation is whether financial institutions were forced to shun digital assets, which could stifle innovation and limit access to banking services for people and businesses.
The new acting FDIC chairman, Travis Hill, said that under President Biden, the agency was concerned about banks' attempts to offer #cryptocurrency services. He expressed concern about the antagonism. One possible reason was reports that some companies and individuals were allegedly forced into bankruptcy because of their alleged involvement in #cryptocurrencies , and he warned of perceived overreach by the regulator.
In early February, the FDIC released a redacted version of a document about its interactions with banks that had been released to the public. Sixty-four documents reveal correspondence with 24 banks that received suspension letters, while 111 documents show records of correspondence with the FDIC and cryptocurrency-related activities of other regulated institutions.
However, House Oversight and Government Reform Committee Chairman James Comer argues that full disclosure of the documents is necessary to better understand the situation. He has already requested access to uncensored FDIC documents to understand why the FDIC ordered banks to refrain from cryptocurrency projects.

He also asked them to share their experiences with the FDIC.

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#BlockchainFuture #TrendingTopic

Bitcoinmaxists REALLY have a hard time accepting the phrase digital assets, writes Travis Kling, chief investment officer at Ikigai Asset Management, on X website.

President Trump's Jan. 23 executive order directs the task force to study and propose a stockpile of #cryptocurrencies that may be derived from cryptocurrencies that the federal government directs the task force to study and propose a stockpile of cryptocurrencies that may be derived from cryptocurrencies lawfully seized as part of the Department of Justice's law enforcement operations.
During his campaign at a #Bitcoin conference in Nashville in July, Trump seized more than $20 billion or more in BTC from the DOJ and promised to create a strategic national bitcoin reserve.
Dennis Porter, CEO of bitcoin-focused Satoshi Action Fund, said the working group used the term #digital assets because it is technologically neutral and to
Technologically neutral terms like 'digital assets' are a proven and effective way to achieve the ultimate goal of making the U. S. the world's largest holder of bitcoin, he added. However, Pierre Rochard, vice president of research at bitcoin mining company Riot Platforms, said there was no ambiguity in the wording of the regulation.
He also said that Ripple Labs was the biggest obstacle to the adoption of the bitcoin-only provision and accused the company of actively lobbying against the regulation so it could claim CBDCs created on their platform.
Ripple CEO Brad Garlinghouse responded by saying the company's efforts were "not aligned with (bitcoin He said he believes the company's efforts "actually increase the potential of the #cryptocurrency strategic reserve (including bitcoin).
and millions of dollars in various altcoins.
the largest holding is 198,100 BTC, worth $20.4 billion and accounting for nearly 98% of cryptocurrency holdings.
Trump.
FOX Business reporter Eleanor Terrett told Sachs that: ' Asked about the cryptocurrency apa, Sachs said: "We are going to evaluate it.

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#news

Vietnam issued a warning about % Pi network falls 18% as Vietnamese authorities issued a legal warning Vietnamese authorities issued a warning about the risks associated with the Pi network

They emphasized that #cryptocurrencies , including Pi, do not have the status of a legal asset in the country.
Following the warning, the price of Pi tokens fell 15 percent in less than 24 hours to about $BTC Vietnamese authorities warned citizens of the risks associated with the Pi Network, noting that its tokens have no real value and remain highly speculative.
On March 2, Hanoi police noted a surge of interest in the tokens, attributing it to aggressive promotion on social media and the recent listing after the main network's launch.
authorities warned that Pi Network promotes mining applications with unrealistic expectations of constant price increases. This, they said, attracts users who do not fully understand the risks.
authorities also explained that cryptocurrencies, including PI, do not have the status of a legal asset in Vietnam. Therefore, disputes and financial losses related to PI-related transactions are not protected by law.
additionally, law enforcement authorities warned that the Pi network could be used for fraudulent activities. They emphasized the danger of fake #token scams aimed at stealing user data and laundering money.
Since Pi has no practical use and its value is self-appropriated, many people are unaware of its true value. Some people may use Pi for illegal activities, such as creating fake Pi #cryptocurrency to fund asset misappropriation, developing fake Pi applications to fraudulently collect user data, or gaining unauthorized access to misappropriate assets or cryptocurrency in Pi transactions.
In addition, #digital assets are not recognized as a legal payment method in the country, and organizations using digital assets for transactions may face fines and lawsuits.

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The service required approval from the Spanish securities regulator to launch in Spain. Now through the BBVA application clients can directly invest in bitcoin and ether and safely store them in their accounts. The service is aimed at both experienced crypto investors and newcomers looking to enter the cryptocurrency market.

With the introduction of these services, BBVA aims to establish itself as a pioneer in digital financial services in Spain. This move will allow it to meet the growing demand for #cryptocurrency investments and provide its customers with modern, secure and convenient solutions. BBVA is also strengthening its market position by actively supporting the trend of digitalization in the financial sector. In an #interview CVJ. CH, Lucas A. Ellet, managing partner of GenTwo, talks about his career and capitalization.
BBVA's decision could cause a domino effect, forcing other Spanish and European banks to introduce similar services. This is likely to lead to greater adoption of cryptocurrencies in the traditional financial sector and increase competition for innovative financial products. In addition, the introduction of such services will increase customer confidence in #digital assets and pave the way for further regulatory changes.
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#CryptoNews #CryptoAdoption

Senator Cynthia Lummis is actively working on a bill to create a bitcoin reserve in the U.S. and has scheduled a meeting in Washington on March 11 to discuss the initiative with industry leaders, Bitwise CEO Hunter Horsley told CNBC Fast Money this week. He told CNBC Fast Money this week.

Asked about the seeming lack of movement on the possibility of creating a strategic #bitcoin reserve in the U. S. , Horsley confirmed that the concept is definitely in play.
It's one of the things we need to evaluate. . It was in President Trump's executive order shortly after he took office. It's on the Treasury Department's agenda, Horsley said. Senator Lummis is working on a related bill.
Moreover, on March 11, she will be hosting a meeting where I and many other CEOs will be in Washington, D. C. , to discuss this initiative, he added.
Horsley also noted that various countries are embracing bitcoin, citing the recent purchase of bitcoin by investment firm Mubadala as an example. According to recent SEC filings, Abu Dhabi's sovereign wealth fund invested about $437 million in Blackrock's bitcoin fund, iShares Bitcoin Trust.
According to the Bitwise co-founder, about 11 countries are now using bitcoin to some degree. to some degree. are using bitcoin. This fact confirms the legitimacy of bitcoin as a strategic asset.
Believe it or not, but it is quite real, he said.
Bitcoin's exchange rate has been volatile in recent weeks amid macroeconomic uncertainty. On Thursday, BTC fell below $80000 for the first time since November.
Commenting on bitcoin price volatility, Horsley said it is a well-known feature of #digital assets, but it still surprises people.
He said that historically, the first quarter is the best time for investors to
Mr. Horsley also noted that during this period of bitcoin price volatility, Bitwise has attracted the attention of more traditional investors such as asset managers, wealth managers and banks.
I think price is always the story in this sector.

the US Securities and Exchange Commission recently dismissed enforcement actions against #Coinbase and #Uniswap .

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#DigitalCurrency

Ripple's lawsuit against the SEC: will the case be dismissed or prolonged? A closed-door meeting on the Ripple vs. SEC has fueled speculation that the SEC will drop the Ripple lawsuit.

there has been no official confirmation, and the #Ripple lawsuit remains active despite other SEC scrutiny.
February 24, 2025 by the SEC's #cryptocurrency division. Speculation began after the Task Force held a private meeting with legal experts Jason Gottlieb, Andrew Hinks, and J. W. Berrett. They released a paper discussing how the SEC regulates #digital assets, highlighting key legal issues
In particular, the paper mentions Judge Analisa Torres' ruling that secondary sales of #XRP by ordinary investors are not investment contracts. This contradicts the SEC's arguments and weakens its case.
After the SEC meeting, some members of the XRP community speculated that the SEC was preparing to withdraw its appeal against Ripple. However, Eleanor Terrett quickly refuted these claims.
When asked about it, she firmly said "no" and rejected the idea that the SEC would back down. She also added a smiley emoji to show her displeasure with the unreliable rumors.
There are currently no official reports that the SEC plans to drop the case against Ripple. The commission has dropped other cryptocurrency-related lawsuits, but the fight against Ripple remains active.
It is not confirmed at this time whether the SEC plans to drop the case against Ripple. The commission has dropped other cryptocurrency-related lawsuits, but the fight against Ripple remains active.
if the SEC drops the lawsuit, further legal negotiations with Judge Torres will be required. In the meantime, the case continues, and the cryptocommunity is closely following the developments.
never miss any events in the cryptocurrency world!
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