Tag: Blocking

Connecticut passes law blocking the state from creating a Bitcoin reserve

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Connecticut has officially passed a law that restricts the state government from accepting, holding, or investing in virtual currency, effectively banning the creation of a cryptocurrency reserve. On June 30, Governor Ned Lamont signed House Bill 7082 into law, following unanimous approval by both chambers of the state legislature. The legislation, now enacted as Public Act 25-66, is scheduled to take effect on October 1, 2025. The bill, introduced in February by Representative Jason Doucette, advanced swiftly through the legislative process. It passed the House and Senate without a single…

Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery

Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the…

Key Hurdles Blocking Its Path?

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Este artículo también está disponible en español. Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,220 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,300 level. Ethereum Price Dips…

Even Temporarily Blocking Election Contracts Risks ‘Irreparable’ Harm, Kalshi Argues

Kalshi, which won a significant victory in court last week when a federal judge ruled its political prediction markets should be allowed to trade in the U.S., said the CFTC wouldn’t suffer any major harm if its new contracts were allowed to trade during the appeal process, but the company would “suffer substantial – indeed, irreparable – harm” if it’s blocked from letting people bet on the outcome of the 2024 elections. Source

Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document Requests on ETH

“We asked the SEC for documents about closed investigations to shed light on how the SEC views its newfound, sweeping (and unlawful) authority,” Coinbase Chief Legal Officer Paul Grewal said in a post on X (formerly Twitter). “One of those investigations, which only recently closed, focused on ETH, which the SEC publicly announced is not a security in 2018. And the other investigations have been closed for years. But the SEC stonewalled our requests.” Source

Apple sued for blocking crypto tech for P2P payments

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Disgruntled consumers have filed a class-action lawsuit against Apple claiming the tech giant has conspired to limit peer-to-peer payment options on its devices and block crypto technology from iOS payments apps. The Nov. 17 complaint filed in a California District Court alleges Apple entered into anti-competitive agreements with PayPal’s Venmo and Block’s Cash App to restrict the use of decentralized cryptocurrency technology in payment apps, which caused users to pay “rapidly inflating prices.” “These agreements limit feature competition—and the price competition that would flow from it—marketwide, including by barring the incorporation of decentralized…

US lawmakers advance legislation blocking the digital dollar

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The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency.  According to an announcement from chairman Patrick McHenry, the Committee will mark up two bills about a potential digital dollar on Sep. 20. Markups are sessions in which lawmakers discuss the details of a bill. It is a crucial step before a legislation moves to the House floor. One of the bills is the Digital Dollar Pilot Prevention Act, or H.R. 3712, that prohibits the Federal Reserve…

US regulators deny blocking AI chip exports to Middle East

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The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters.  This comes after disclosures were revealed in a Nvidia report that the U.S. government had expanded requirements for export licenses for artificial intelligence (AI) chips. Advanced Micro Devices (AMD), a direct competitor of Nvidia, also received a similar letter from regulators. The Department of Commerce did not comment on whether the requirements were imposed on specific U.S. companies. However, the new…