Zcash group starts lobbying U.S. lawmakers to push crypto policy

A Zcash-focused advocacy group has registered to lobby the U.S. government on crypto market rules, taxation, financial privacy and developer protections, with its federal registration effective Oct. 1.  The U.S. Lobbying Disclosure Act filing shows Pretty Good Policy for Zcash, or PGPZ, registered as an organization employing an in-house lobbyist and named Executive Director Divij Pandya as the only person expected to lobby on its behalf. The filing describes the groups work as “Zcash ecosystem development, developer protections, and financial privacy.”  Three legislative items are specifically listed. They are H.R. 3633, the Digital Asset Market Clarity Act, the Aligning Digital Assets with Principles of Taxation Act, and the Digital Asset Tax Certainty Act.  Zcash advocacy now has a formal Washington presence  PGPZ emerged in June from Pretty Good Policy for Crypto, a policy initiative originally developed by Electric Coin Co. The earlier project held recurring Washington roundtables for crypto policy professionals and organized a congressional briefing on privacy-enhancing technologies in 2023.  PGPZ founder Paul Brigner has said the new organization is intended to give Zcash a dedicated policy voice. Speaking about the initiative, he said the goal was to ensure Zcash has “serious, organized, and credible policy engagement in Washington.”  The groups own site describes PGPZ

3 دن پہلےانڈسٹری

Kraken parent Payward and SGB launch 24/7 settlement for...

Kraken parent Payward has connected to Singapore Gulf Banks SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.  Payward announced the partnership on Oct. 5, saying clients of both companies can now settle qualifying transactions at any hour through SGBs real-time, multi-currency clearing network. The initial rollout covers U.S. dollars and a limited group of institutional customers in supported jurisdictions.  Markets run 24/7. Settlement should too.  Singapore Gulf Bank will connect with Kraken Prime under the same arrangement, giving the bank another source of digital-asset liquidity. SGB plans to use Paywards markets when pricing trades for its own customers over the coming months.  Payward brings 24/7 settlement to more institutional clients  SGB Net allows participating customers to transfer fiat funds without waiting for normal banking hours. Through the Payward integration, an eligible SGB client can deposit money with Payward and make the funds available for trading immediately, including during weekends.  The service starts with U.S. dollar transfers. Payward and SGB said more currencies and clients are expected to be added later, though neither company provided a timetable for the next phase.  Payward Chief Commercial Officer Mark Greenberg said digital-asset firms often face a mismatch between continuous trading and banking cut-off

3 دن پہلےانڈسٹری

OKX seeks SEC approval for 63 tokenized U.S. stocks

OKX has filed with the U.S. Securities and Exchange Commission through its OKXICE joint venture to launch a platform initially covering tokenized shares of 63 NYSE-listed companies.  SummaryOKXICE filed with the SEC to offer tokenized shares of 63 NYSE-listed companies to investors.SEC rules require qualifying tokenized stocks to preserve dividends, voting rights, and equivalent shareholder claims.Issuers get 30 calendar days to object before unaffiliated third-party tokenized shares can begin trading.OKX already offers tokenized stocks offshore, but current products do not provide direct shareholder rights.OKXICE remains subject to regulatory conditions before its U.S. tokenized stock platform can launch commercially.  Bloomberg reported on Oct. 4 that OKXICE LLC, the 50-50 venture between OKX and New York Stock Exchange parent Intercontinental Exchange, submitted paperwork seeking to use the SECs new tokenized-stock framework. The filing itself had not yet surfaced in publicly searchable SEC records when checked.  The plan would make digital versions of the selected shares available under conditions set by the SECs Innovation Exemption. Issuers would receive notice before trading begins and would have 30 calendar days to object when an unaffiliated third party creates the tokenized version of their stock.  You might also like:  OKX launches 10x OpenAI, Anthropic X-Perps in Europe  OKX plans to start with

3 دن پہلےانڈسٹری

Safe investor asks Swiss watchdog to intervene in governance dispute

Greenfield Capital, an investor in Safe, says it has filed a supervisory complaint with Switzerland‘s foundation watchdog, seeking changes to Safe Ecosystem Foundation’s board after months of engagement failed to resolve its governance concerns.  In an open letter to the Safe community on Sunday, Greenfield founding partner Jascha Samadi said the complaint to Switzerlands Federal Supervisory Authority for Foundations (ESA) comes after his firm became “increasingly concerned” about the state of Safe since early 2025, citing its performance relative to the broader market and a lack of independent voices on the foundation board.  “But we have come to believe, after more than a year of research, dialogue and patience, that Safe will not reach its potential under its current governance,” Samadi said.  The governance dispute comes as Safe is targeting break-even and a doubling of revenue in 2026. In a February announcement, the project reported more than $10 million in project-wide annualized revenue at the end of 2025, and outlined a longer-term ambition to reach $100 million in annual recurring revenue by 2030.  Greenfield questions Safes revenue growth  However, Greenfield pointed to $1.98 million in second-quarter revenue, equivalent to an annualized run rate of $8 million, as far below the $20 million expectation for 2026.  The

3 دن پہلےانڈسٹری

Dan Ives Explains Why 2027 Could Be Tesla's Golden Year with Robotaxis and Optimus

Dan Ives of Yorkville Ives & Co. explains why robotaxis and Optimus could make 2027 Teslas golden year. His case rests on businesses that have yet to prove themselves.  Tesla (TSLA) beat third-quarter delivery estimates with 486,532 vehicles, yet the Model 3 and Model Y made up 98% of them. Ives says the shares now trade on what comes next.  Sponsored  Sponsored  What Would Make 2027 Teslas Golden Year?  Ives told CNBC that demand is stabilizing, helped by a rebound in Europe after several years of declines. However, he does not expect the Cybertruck, which sits at the high end of the market, to move demand much.  His timeline starts with robotaxis, driverless ride-hailing cars, reaching more cities in early to mid 2027. Regulation has slowed that rollout so far, he said.  Optimus, Tesla‘s humanoid robot, would follow in the second half of 2027. Ives links both to Tesla’s shift from an electric vehicle maker to an artificial intelligence (AI) company.  “And thats why 2027 I think could be a golden year for Tesla.”  Dan Ives, partner and senior managing director at Yorkville Ives & Co., via CNBC  Sponsored  Sponsored  Ives also puts Tesla and SpaceX merger odds above 80% by the end of 2027.  Does Teslas Price Already Assume the AI Payoff?  In

3 دن پہلےانڈسٹری

Gary Marcus Likens AI Agents to Cars With Cardboard Brakes as FTC Probe Opens

Gary Marcus, a New York University professor emeritus, says AI agents need a recall because developers cannot reliably control them. The Federal Trade Commission (FTC) is now probing OpenAI and Anthropic.  Marcus spoke to Bloombergs The Close after six AI firms signed a voluntary White House pledge on Sept. 29. He argues the pledge changes little, because those companies already owed users safe products.  Sponsored  Sponsored  Why Gary Marcus Says a Voluntary Pledge Falls Short  The White House Accord on Super Intelligence asks companies to maintain internal controls and work with outside auditors. Google, Anthropic, Meta, OpenAI, xAI, and Nvidia signed it.  However, the accord carries no penalties and requires no public disclosure of audit results.  Meanwhile, regulators are not waiting. The FTC has opened a probe of OpenAI, Anthropic, and other AI developers. The probe follows OpenAI agents accessing systems at AI model-sharing platform Hugging Face without authorization.  A May safety test at Google also ended with Gemini accessing three companies, the company has confirmed.  Marcus likens the flaw to a defective product.  Sponsored  Sponsored  “Its like if Ford Motor Company decided to save money by making brakes out of cardboard, then a lot of their cars would go out of control.”  Gary Marcus, co-founder of Robust AI, speaking to Bloomberg  Google CEO

3 دن پہلےانڈسٹری

Egan-Jones Maps Where AI Disruption Hits First: Services, Venture Capital, Housing

Egan-Jones, a US credit rating firm, says AI disruption will hit professional services, venture capital and housing first. It regards a broad economic overhaul as virtually assured.  The firm‘s Oct. 1 report, titled “It’s Over,” targets institutional investors and risk managers. Egan-Jones notes that credit analysts did not write it.  Sponsored  Sponsored  Where Does Egan-Jones Expect AI Disruption to Land First?  Professional services top the list because those firms bill clients for expertise by the hour.  As evidence, the report cites Big Four accounting network KPMG pressing its auditor, Grant Thornton UK, to share AI savings. UK filings show the audit fee fell 14%, from $416,000 to $357,000, the Financial Times reported.  It also points to IBM, whose shares fell 13% on Feb. 23, the steepest drop since 2000, according to Bloomberg. Anthropic had said Claude Code could speed up modernization of COBOL, a decades-old language used on banking mainframes.  Not every analyst saw lasting damage. Evercore ISI kept an Outperform rating on IBM after the drop. It noted IBM already sells its own modernization tools, per Investing.com.  Venture capital follows, in Egan-Joness telling. The firm reasons that startups scaling on less capital leave venture firms with less leverage and lower returns.  Sponsored  Sponsored  It suspects few limited partners (LPs), the investors

3 دن پہلےانڈسٹری

Why XRP Appeals to Institutional Investors, Bitwise CIO Explains

XRP‘s long history and familiar financial applications help explain its appeal to institutional investors, according to Bitwise’s investment chief. His comments frame advisor interest around confidence in the assets longevity and connections to established financial functions.  Key TakeawaysHougan calls XRP one of the established major cryptocurrencies.The Bitwise CIO says financial advisors recognize its connections to cross-currency transfers and liquidity.Confidence in XRPs longevity does not imply its price will rise.  XRPs Staying Power Gives Advisors Confidence  Financial advisors evaluating XRP find assurance in its long track record and recognizable financial applications, according to Matt Hougan, chief investment officer at crypto asset manager Bitwise. In a video Token Relations shared on X on Sept. 28 explaining XRP‘s institutional appeal, he outlined why the asset resonates with his firm’s audience. The Bitwise CIO stated: “XRP appeals for very simple reasons.”  Hougan called XRP one of the “Mount Rushmore assets in crypto,” a reference to its standing among established major cryptocurrencies. He said:  “A lot of financial advisors look at crypto and wonder, are these things for real? Will they persist? Will they be here into the future? And XRP has this enormous track record and this enormous background that gives people confidence it will be there in the

3 دن پہلےانڈسٹری

Illinois backs delay to crypto tax rule after months of industry pushback

Illinois officials have joined crypto industry groups in seeking a six-month delay to the states controversial digital-asset tax.  Related Company The Digital Chamber Washington, DC-based trade association  The agreed motion, filed Oct. 1 in Sangamon County, asks a judge to postpone the levys Jan. 1 start until July 1, 2027, while a constitutional challenge brought by The Digital Chamber and the Illinois Blockchain Association proceeds.  Revenue Director David Harris and Attorney General Kwame Raoul joined the request even as the state continues to dispute the industry groups claims against the law. If granted, the injunction would temporarily spare brokers from collecting the tax and defer corresponding liabilities for covered customers.  The court had not been confirmed to have entered the order as of Oct. 4.  The move marks a shift in the immediate battle over a levy that crypto firms have spent months warning could raise compliance costs and push activity outside Illinois. The law remains in force, and the joint filing does not concede that it is unconstitutional or seek its repeal.  Instead, both sides would preserve their legal positions while delaying collection as the lawsuit and the states rulemaking process continue.  Illinois crypto tax burden moves back six months  Illinois enacted the Digital Asset Tax in

3 دن پہلےانڈسٹری

Do You Own Gold, Silver or Bitcoin? Robert Kiyosaki Just Dropped a Hard Truth

Rich Dad Poor Dad author Robert Kiyosaki said that he calls himself a “financial prepper”, comparing scarce assets to the insurance drivers buy before an accident.  His argument holds even as gold, silver, and Bitcoin trade well below the targets he has repeatedly promoted.  Sponsored  Sponsored  What Being a “Financial Prepper” Means  A financial prepper holds assets a central bank cannot create, treating them as protection against currency debasement rather than a wager on collapse.  Kiyosaki built that definition during a public exchange. Asked whether prepping signaled pessimism, he answered that drivers never hope for crashes, yet they still carry coverage.  He then asked a listener a direct question: did she own gold, silver, or Bitcoin? She said no, arguing that officials would print more money during a crisis. Kiyosaki turned that answer into his point. Printing dilutes purchasing power, and that dilution is inflation.  Governments reach the same wealth through a second route: taxation. His conclusion was blunt. Kiyosaki wants only money that no central bank can print. He also holds oil wells, since governments remain dependable buyers of crude.  His warnings to investors come down to three points:  Sponsored  SponsoredTreat scarce assets as insurance against debasement, never as a promise of quick returns.Expect purchasing power to erode through printing

3 دن پہلےانڈسٹری
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