Hot Topics on Crypto Twitter Over the Past Seven Days – European Parliament Passes MiCA Bill
The crypto market was in the red last week due to several macroeconomic factors. The Federal Reserve signaled that another interest rate increase is due in May, and the US, along with European regulators, intensified scrutiny of the crypto industry. BTC and ETH saw 7-day losses of more than 11%.
On Monday, the US Securities and Exchange Commission (SEC) announced that it had filed charges against another prominent crypto firm for allegedly not complying with securities policies. The culprit was crypto exchange Bittrex. In the lawsuit, the agency mentioned six cryptocurrencies listed on the Bittrex platform, which it claimed to be securities. One of them is the DASH token.
However, Delphi Labs CEO Gabriel Shapiro did not agree with the SEC that DASH is a security. On his Twitter handle, he argued that the project’s development is only funded by validators and not retail investors.
Crypto Players Want Changes Made on MiCA Bill
On Wednesday, The European Parliament approved the Markets in Crypto Assets (MiCA) bill with over 500 votes. This legislation is intended to guide the 27 European Union nations on how to govern cryptocurrencies. Meanwhile, on Thursday, Polygon Labs’ Chief Policy Officer Rebecca Retig wrote a long thread arguing that the EU needed to revisit its Data Act because the current one could have significant consequences for permissionless smart contracts. Moreover, hardware wallet Ledger also announced it had proposed amendments to narrow Art in an effort to protect decentralized software development.
That day, Michael Saylor, the CEO of the largest institutional BTC holder MicroStrategy, took to Twitter to ‘complain’ about receiving so many Satoshis after the firm converted his corporate email address into a lightning address.
Meanwhile, crypto attorney Rodrigo revealed that he had filed an amicus in the lawsuit that six Tornado users brought against the sanctions of the coin mixer’s open-source code. Tornado Cash got sanctioned by the United States Treasury Department last year for allowing cybercriminals to launder illicit money.
On Tuesday, Coinbase CEO Brian Armstrong tweeted that he had a great meeting with the United Kingdom Economic Secretary Andrew Griffith. He praised the country for its effort to establish a clear regulatory framework for the crypto industry.
On Wednesday, blockchain observer (@Tayvano_) revealed that a wallet had been draining ETH since last December. He suspects it could be a scam project rug-pulling its investors. According to Tayvano, the wallet has drained over 5,000 ETH.
That day, Republican House Representative Tom Emmer shared a video on his official Twitter account in which he appeared to be grilling the SEC chairman Gary Gensler. Emmer could be heard calling Gensler incompetent and accusing him of trying to push America-based crypto companies out of the country.
Blockchain Observer Calls Out Rapper Soulja Boy for Promoting Scam Projects
On Friday, blockchain analyst (@ZachXBT) shared a long list of crypto scams that American rapper Soulja Boy has promoted since 2021. ZachXBT said the musician had so far shilled over 70 projects which left investors rekt. Some of them include Orion & the Life Token, RapDoge, SaferMars, and Flokinomics, a project that Soulja Boy claimed was created by Twitter CEO Elon Musk. Its website was deleted two months after its inception.
That very day, a Twitter account that shares crypto-related news claimed that Tornado Cash developer Alex Pertsev would be released on Wednesday but put under house arrest as he waits for his trial. Pertsev was arrested last August by the Dutch authorities on the grounds that his coin mixer facilitated money laundering.
On Saturday, Gabrial Shapiro announced a new concept called Cybernetic Organization or ‘BORG.’ In a Twitter thread, he argued that many of the current Decentralized Autonomous Organizations (DAOs) are not as decentralized as they should be and that BORG would address this issue. Shapiro did not disclose when his firm, Delphi Labs, will actualize the concept but said the team has started working on it.
Finally, Billy Markus, the Dogecoin creator who recently became a big crypto critic, tweeted that investing in digital assets can be compared to investing in mental illness.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
