Crypto’s Midterm Reckoning
If you’re catching up on the election results, Democrats won both chambers of Congress—and crypto has some regrouping to do. The bad news: longtime critic Sherrod Brown is returning to the Senate, several prominent industry allies lost their seats, and Elizabeth Warren and Maxine Waters could soon lead the committees that shape crypto legislation. That makes the already-stalled CLARITY Act harder to advance and puts Trump’s crypto ties in line for greater scrutiny. There was good news, though: Fairshake won most of the races it targeted, allies Pete Ricketts and Andy Barr won Senate seats, and pro-crypto Democrat Kirsten Gillibrand stands to gain influence within her party. Crypto in America breaks down the winners, losses and what comes next. Read more →
Democrats to Target Trump’s Crypto Ventures
House Democrats plan to open investigations into President Donald Trump’s family crypto businesses once they take control in January, with World Liberty Financial (WLFI), its Emirati investor and the pardon of Binance founder Changpeng Zhao (CZ) at the top of the list. Read more →
Paraguay Bank Collapse Locks Millions Out of Their Accounts
Paraguay’s central bank took over Ueno Bank this week, leaving millions of customers unable to access their accounts. The bank serves roughly 3 million people, and the fallout has already prompted the central bank chief’s resignation and calls to impeach the president, both of whom had past ties to the lender. Deposit insurance can help protect your savings, but it doesn’t guarantee you can reach them when you need them. Read more →
📥️ Want to advertise in CoinSnacks? Learn More