614: RFK Jr.'s Bitcoin Pledge and SEC's ETF Countdown

Overnighters,

Episode 614:
RFK Jr Vows No Bitcoin Tax
BTC ETF Approval Clock Started
CBDC Alert (China)
and More

The TL;DL

RFK Jr. Vows No Bitcoin Tax - Presidential candidate RFK Jr. pledges to use Bitcoin and other assets to stabilize the U.S. dollar. He also plans to exempt Bitcoin to U.S. dollar conversions from capital gains taxes.

BTC ETF Approval Clock Started - The SEC begins the countdown on deciding whether to approve six applications for Bitcoin ETFs. One of the applications is from industry heavyweight BlackRock.

Lawmakers Criticize SEC's Crypto Move - Two Republican U.S. House of Representatives members criticize the SEC's approach to regulating cryptocurrency, arguing it creates confusion and drives innovation elsewhere.

Societe Generale Wins French License - Forge, a subsidiary of Société Générale, becomes the first company to receive the highest access license for providing crypto services in France.

Shinnan Bank’s Stablecoin Pilot - Shinhan Bank completes a successful proof-of-concept project using stablecoins for international remittances, showcasing the potential of crypto in making international money transfers faster and more efficient.

CBDC Alert (China)- The hype around China's Central Bank Digital Currency, the e-CNY, cools down as it faces challenges like privacy concerns, user habits, and interoperability with existing payment systems.

Crypto Overnighter Podcast (7/19/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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