Seeds of Wisdom RV and Economic Updates Tuesday Evening 9-24-24
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PRO-CRYPTO SENATE CANDIDATE JOHN DEATON SET TO DEBATE ELIZABETH WARREN IN OCTOBER
▪️John Deaton, a pro-crypto lawyer and Senate candidate, will debate Senator Elizabeth Warren on October 15.
▪️The debate will address key issues, though it remains unclear if cryptocurrency will be a topic of discussion.
▪️Deaton already criticized Sen. Warren for shifting from holding bankers accountable to supporting their interests.
Pro-crypto lawyer John Deaton, the Republican nominee for the Massachusetts Senate, confirmed his participation in a debate with Democratic Senator Elizabeth Warren on October 15.
This marks the first debate between the two, providing a platform to discuss issues affecting voters.
Deaton Accuses Senator Warren of Big Bank Favoritism
In a post on social media platform X (Twitter), Deaton criticized the Democratic Senator for her shift from holding bankers accountable to supporting their interests. He noted that despite her earlier calls for prison sentences for bankers involved in the 2008 financial crisis, she later backed bank bailouts.
Deaton labeled Warren the country’s top lobbyist for big banks, urging voters to focus on politicians’ actions rather than words. He suggested Warren’s actions contradicted her previous promises.
“[Warren] decried how banking executives deserved prison time for causing the Great Financial Crisis – yet she supported the bailouts. Twelve years ago she promised she would go to Washington to hold those bankers accountable. A decade later, those same bankers write her bills,” Deaton stated.
Notably, Deaton has challenged Warren to five single-issue debates. He proposed topics such as immigration, the economy, income inequality, women’s reproductive rights, and foreign policy. Although Warren’s campaign confirmed two October debates, it’s unclear if cryptocurrency will be discussed.
Deaton’s Senate run stems from Warren’s consistent opposition to cryptocurrencies. Over the years, she has become a prominent figure in the Senate’s anti-crypto stance, even advocating for the formation of an “anti-crypto army” to limit the industry’s influence.
Deaton, a vocal supporter of Ripple and other crypto firms facing legal battles with the SEC, has gained backing from key figures in the crypto industry. His supporters include Gemini co-founders Cameron and Tyler Winklevoss, as well as the Commonwealth Unity Fund PAC.
@ Newshounds News™
Source: BienCrypto
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IOTA Ecosystem Spotlight: The Community Behind Blockchain Innovation
▪️The IOTA ecosystem thrives due to its dynamic community and innovative developer contributions, pushing the boundaries of blockchain technology with groundbreaking projects.
▪️IOTA’s Tangle network relies on nodes and validators for security and stability, while the community extends beyond technology to make significant social impacts.
The IOTA ecosystem has enjoyed major success due to the contributions of the vibrant and dynamic participants. Furthermore, IOTA’s innovative developer community has been driving IOTA’s future by pushing the boundaries of new developments in blockchain technology.
IOTA’s developer community has been working on a few groundbreaking projects shaping the next generation of IOTA tech while boosting the network’s position as a leader in the blockchain space.
▪️IOTA Community Spotlights and Projects @iota
▪️The Power Behind A Successful Blockchain: A Thriving Community.
▪️The secret sauce to every successful blockchain is its vibrant community.
🧵 Let’s dive into IOTA’s dynamic world and the game-changers making waves in the ecosystem. pic.twitter.com/8KbAu7ubBh
▪️— Whiz DeFi (@WhizDefi) September 19, 2024
Another key component of the IOTA ecosystem is its community-driven events, such as meetups and hackathons, that thrive upon new innovations and ideas.
These gatherings provide a platform for education and collaboration while empowering participants to build new connections and share knowledge. Besides, they also play a critical role in nurturing the IOTA community while offering opportunities to newcomers and seasoned developers to contribute to the ecosystem’s growth.
As reported by Crypto News Flash, the Tangle community Treasury has introduced “mini-grants” for events to help IOTA-related projects by providing funding for networking and outreach activities.
IOTA Nodes and Validators And Overall Social Impact
As we know, nodes and validators form the backbone of IOTA Tangle while playing a crucial role in ensuring the network’s security, decentralization, and stability.
These nodes and validators are basically individuals and organizations that maintain the integrity of Tangle while keeping the network secure and operational, per the CNF report.
Beyond its technological advancements, IOTA’s community is also making a significant social impact. Many members leverage the platform for philanthropy, sustainability, and other social good initiatives, showcasing the potential of blockchain to drive meaningful change.
By integrating technology with purpose, IOTA is proving that blockchain can be a force for positive societal transformation.
Furthermore, IOTA has been making strong inroads in the European Union and working along with the European Commission for several blockchain-based solutions under the European Blockchain Pre-Commercial Procurement (PCP) program, per the CNF report.
The European Blockchain Sandbox initiative, supported by the European Commission, aims to oversee the development of a pan-European framework for regulatory discussions, as recently detailed by CNF. IOTA’s selected solution is an advanced user authentication system designed to address the challenge of secure and reliable identity verification within the Web3 ecosystem.
@ Newshounds News™
Source: Crypto News Flash
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DOJ FILES ANTITRUST LAWSUIT AGAINST VISA
Visa accused of monopolistic practices, allegedly stifling competition and raising costs for consumers and merchants.
Key Takeaways
▪️Visa controls over 60% of U.S. debit transactions, with the DOJ accusing it of using its dominance to stifle competition and raise fees.
▪️The DOJ accuses Visa of using restrictive agreements to maintain market dominance.
The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against Visa, alleging that Visa has unlawfully monopolized the debit network market. Visa is accused of using its dominance to suppress competition, inflate fees, and thwart innovation.
“Visa has unlawfully amassed the power to extract fees far beyond what it could charge in a competitive market,” said Attorney General Merrick B. Garland.
According to the DOJ, Visa, which processes over 60% of debit transactions in the US, has engaged in exclusionary practices that prevent smaller competitors and innovative financial technologies from gaining traction in the debit market.
The DOJ’s lawsuit highlights Visa’s stronghold over the debit market, where it charges $7 billion annually in fees for processing transactions. Visa allegedly leverages its scale and central role in the debit ecosystem to impose restrictive agreements on merchants and banks, penalizing those who use competing debit networks and locking out competition.
“Anticompetitive conduct by corporations like Visa leaves the American people and our entire economy worse off,” said Principal Deputy Associate Attorney General Benjamin C. Mizer.
Visa has allegedly maintained its monopoly by targeting both smaller debit networks and potential technology entrants. The DOJ claims Visa discouraged competition by coercing banks and merchants into agreements committing large transaction volumes to Visa.
The lawsuit also points to Visa’s strategy of “cooperating” with would-be competitors, particularly in the tech industry, to prevent them from offering disruptive alternatives.
The DOJ claims Visa saw tech companies and fintech startups as an “existential threat” and neutralized them by paying them to partner with Visa instead of competing.
“Visa fears competition and innovation, and instead chooses unlawful cooperation and monopolization,” said Principal Deputy Assistant Attorney General Doha Mekki of the DOJ’s Antitrust Division.
The lawsuit against Visa is the latest in a series of antitrust enforcement actions taken by the DOJ to protect competitive markets. In 2020, the DOJ successfully blocked Visa from acquiring Plaid, a fintech company that was developing innovative debit payment technologies.
@ Newshounds News™
Source: Crypto Briefing
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JUST IN: HEZBOLLAH ASKS IRAN TO ATTACK ISRAEL. BRICS Post Link
@ Newshounds News™
Source: BRICS
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UNDERSTANDING ANTI MONEY LAUNDERING RISK AML | Youtube
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Source: Seeds of Wisdom Team Currency Facts
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Seeds of Wisdom Team Currency Facts Youtube and Rumble
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