During this short week, the U.S. House of Representatives will consider three critically important pieces of legislation. These rulings would have a tremendous impact on the future of cryptocurrency and blockchain technology here in the United States. Lawmakers will soon have the opportunity to vote on each the CLARITY Act,...
Sen. Cynthia Lummis recently introduced the Lummis Crypto Tax Bill. This legislation would start to establish a clear and uniform legal framework for taxing these emergent digital assets. The bill sets a $300 de minimis tax exemption as the threshold for most digital asset transactions. This amendment will help crypto...
In what would have represented a major bipartisan effort to build a regulatory framework for cryptocurrency, the proposal suffered a ninjection of cryptocurrency into Smith Senate’s blood. The Democrats who blocked the bill had no excuse. They warned about Donald Trump’s deepening connections with the crypto industry and what that...
The path of cryptocurrency regulation in the United States has taken a surprising turn. This amendment is mainly the result of former President Donald Trump’s increasing influence over the digital asset arena. While these concerns are completely warranted, Congressional Democrats are just starting to voice deep concern about Trump’s personal...
Picture this—Oregon Senator Jeff Merkley is preparing to introduce another one. It would ban presidents, legislators, and their family members from issuing, supporting, or promoting cryptocurrencies. This action comes in direct response to increasing outcry over growing conflicts of interest. The spotlight has been particularly bright on former President Donald...
Other US senators are moving to prohibit former president Donald Trump and close family members from profiting on crypto projects. To support their opposition, they cite fears of corruption and conflicts of interest. The End Crypto Corruption Act would prohibit the president, vice president, senior executive branch officials, and members...
The Alabama House Ways and Means General Fund Committee has delayed the vote on HB482. This bill would authorize the State Treasurer to invest in various digital assets, including cryptocurrencies like Bitcoin and Ethereum. Rep. Mike Shaw, R-Hoover, the bill’s sponsor, introduced HB482. This bill is one of three in...
Despite the rise of cryptocurrency and blockchain technology, Alabama’s overall approach to it has been slow, but intentional and measured. Our Alabama lawmakers are continuing to watch the technology and its effects closely. Unlike in many other states, they are being cautious and deliberate before jumping into the deep end...
The Senate's GENIUS Act of 2025. It sounds impressive, doesn't it? Dig just beneath the surface, and you’ll find a big, bad ticking time bomb that’s endangering the future American financial security. Instead, it’s mischievously disguised as a crypto regulation bill. We don’t mean to stifle innovation here. It’s not...
Utah’s House Bill 230 (HB230) has generated a firestorm of discussion among Utahns, legislators and industry insiders. As initially drafted, the bill would allow state reserve funds to invest up to 5% of their funds in digital assets. These assets in particular cover stablecoins and major cryptocurrencies such as bitcoin....
Okay, I know what you're thinking. "$543 million liquidated? How can that possibly be good for anyone?" Trust me, I get it. Nobody likes seeing that much money evaporate. Every once in a while, it takes a controlled burn to remove all the deadwood and open up space for a...
Last week’s dramatic plunge in the cryptocurrency market saw more than $543 million in positions liquidated. More than enough to underscore the serious risks associated with crypto trading, this event marks the … It’s particularly treacherous when you throw in market volatility, margin trading, and psychological drivers such as fear...
$543 million. Gone. Poof. Gone into the tempestuous flotsam and jetsam of the crypto markets in less than 24 hours. Greed’s price tag to more than 122,000 traders, that was the price tag of greed — a painful lesson imparted with cold and lethal efficiency. Bitcoin recently reached Bermuda Triangle-like...
Picture this: Siti, a young mother from Jakarta, juggling two jobs and dreaming of a future where her kids can go to better schools. She just cannot stop hearing the chatter and buzz around crypto, around how average people are becoming crypto millionaires overnight. She happens to discover Qubetics, notices...
Qubetics has featured widely on the crypto news circuit of late…thanks to a jaw-dropping 950% pump. For those new to the cryptocurrency scene, understanding what Qubetics is, its potential, and its risks is crucial before considering any investment. BlockchainShock is committed to teaching neophytes the fundamental concepts of Qubetics. Here,...
A 950% surge in one hour? Qubetics certainly grabbed headlines, and understandably so. The appeal of get rich quick schemes often draws everyone in. Such frustration is particularly pronounced among those who are new to the crypto space. Before you full send it, let’s soberly stand back and examine the...
Snorter Bot (SNORT), a new crypto presale happening on the Telegram platform. With the presale coming to an end, it is garnering considerable buzz. The project has so far garnered $1.5 million in investor commitments, indicating high demand among investors. With under 24 hours to go, would-be investors are watching...
Genesis Qubetics, Arbitrum and Cardano are coming into prominence with crypto newcomers, each offering distinctive opportunities and features. Qubetics shot to an all-time high of $4.20 within the first hour of trading. This incredible jump represented a mind-boggling 950 percent gain from its starting value of only $0.40. Arbitrum is...