15 May 2025, 19:39

Pro-XRP Lawyer Says Michael Saylor Is Bitcoin’s Warren Buffett

John Deaton , a prominent XRP advocate and attorney, recently made a comparison between Michael Saylor’s approach to Bitcoin and Warren Buffett’s broader influence on the U.S. financial system. In a post shared on social media, Deaton suggested that Saylor, co-founder of Strategy , is on a mission to become a central figure in the Bitcoin ecosystem, akin to how Buffett shapes the traditional investment landscape. . @saylor trying to own 5% of the Bitcoin Market as Buffet owns 5% of the UST Market. https://t.co/qrIfQrVgRJ — John E Deaton (@JohnEDeaton1) May 14, 2025 Strategy’s Expanding Bitcoin Holdings Saylor has become widely known for leading one of the most aggressive Bitcoin acquisition campaigns among corporate entities. Under his leadership, Strategy has expanded its Bitcoin holdings to nearly 570,000 coins, making it the largest institutional holder of BTC. Deaton believes this continued accumulation signals an ambition to control approximately 5% of Bitcoin’s circulating supply. Although Saylor has not publicly stated this specific goal, the consistency and scale of Strategy’s purchases suggest a long-term plan to significantly influence the Bitcoin market. Deaton’s comments imply that such a strategy mirrors traditional financial power plays, where concentrated ownership can translate into substantial sway over an asset or market. Drawing Parallels with Warren Buffett’s Financial Power To reinforce his point, Deaton referenced recent data from JPMorgan indicating that Berkshire Hathaway, led by Warren Buffett, now holds around 5% of the U.S. Treasury bill market. With $314 billion parked in short-term government securities, Berkshire has become the fourth-largest holder of T-bills globally, even surpassing some foreign central banks. This massive stockpile provides Berkshire with both financial security and strategic optionality, positioning the company to act decisively during periods of market volatility. Deaton sees Saylor’s accumulation of Bitcoin through Strategy as a crypto-market equivalent of Buffett’s traditional finance dominance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Deaton’s remarks come amid increasing institutional interest in digital assets. As more entities seek exposure to cryptocurrencies, figures like Saylor are shaping not only investment strategies but also the narrative around long-term crypto value. His persistent Bitcoin acquisitions reflect growing confidence in the asset’s role as a store of value and hedge against economic uncertainty. Deaton’s Continued Advocacy in the Crypto Space John Deaton remains a key voice in crypto legal circles. Known for representing XRP holders during the U.S. Securities and Exchange Commission’s case against Ripple Labs, he has consistently pushed back against what he sees as overly aggressive regulation. His recent attempt to challenge Senator Elizabeth Warren in Massachusetts, though unsuccessful, further demonstrated his commitment to defending digital asset innovation. By aligning Saylor’s actions with Buffett’s influence, Deaton emphasizes the significance of strategic ownership in shaping market dynamics. Whether Saylor will achieve the same level of impact within Bitcoin remains uncertain, but his continued accumulation suggests he is positioning himself for long-term relevance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Pro-XRP Lawyer Says Michael Saylor Is Bitcoin’s Warren Buffett appeared first on Times Tabloid .

15 May 2025, 19:38

Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next?

Key Takeaways: Ukraine’s potential Bitcoin reserve indicates a shift toward financial self-sovereignty. The draft bill not only proposes holding Bitcoin but also opens the door for sweeping legal reforms that could define Ukraine’s digital asset framework for decades to come. With Binance leadership publicly supporting the move, Ukraine’s crypto strategy is increasingly shaped by alignment between political will and institutional crypto players. Ukraine is reportedly taking steps toward adopting Bitcoin as a national reserve asset, in what could mark a change in its financial strategy amid the ongoing war with Russia. According to local media outlet Incrypted on May 14, a draft bill proposing the creation of a state Bitcoin reserve is nearing completion. The initiative was confirmed by Yaroslav Zhelezniak, a member of parliament and first deputy chairman of the Committee on Finance, Tax, and Customs Policy. Zhelezniak stated that the draft bill is in its final stages and would be submitted “in the near future.” He said earlier this year that a legislative initiative allowing crypto reserves was in the works, though no details were shared at the time. Ukraine is considering partnering with Binance to create a national strategic Bitcoin reserve. Government officials confirm that a related bill is being drafted and will be submitted soon. Binance expressed support for Ukraine’s vision to establish a strategic crypto reserve.… — Wu Blockchain (@WuBlockchain) May 15, 2025 Ukraine Inches Toward Bitcoin Adoption in National Financial Strategy Information about Ukraine’s plans surfaced as part of a growing conversation around national adoption of digital assets. While specifics remain limited, Zhelezniak’s confirmation marks a new level of seriousness in Ukraine’s approach to Bitcoin. Support for the idea has also emerged from the private sector. Kirill Khomyakov, head of Binance in Central and Eastern Europe, Central Asia, and Africa, said that Binance welcomes Ukraine’s interest in creating a strategic crypto reserve. “The creation of such a reserve will require significant changes in legislation,” Khomyakov said. “But it’s a positive step, as it may lead to clearer regulations on crypto assets.” Ukraine has been actively working on crypto regulation over the past year. For example, in April, the parliamentary Committee on Finance, Tax, and Customs Policy unanimously approved a draft law on virtual assets. However, the bill was recently withdrawn from consideration. According to Zhelezniak, this decision came at the request of the President’s Office, influenced by the stance of the National Securities and Stock Market Commission. The commission later clarified that it had no authority to block the bill. It did, however, submit a list of 80 proposed amendments and comments to parliament. Ukraine’s Bitcoin Push Faces Hurdles as Lawmakers Finalize Crypto Regulation and Tax Plans While Ukraine’s reported plan to adopt Bitcoin as a national reserve asset indicates a bold shift in wartime financial strategy, the path forward remains complex and politically charged. Behind the scenes, Ukrainian lawmakers are working to finalize a sweeping crypto regulation package, expected to legalize digital assets by early 2025. According to Danylo Hetmantsev, head of the Verkhovna Rada’s tax committee, key discussions are ongoing between the National Bank of Ukraine and the IMF. Central to the draft bill are unresolved issues around taxation, financial monitoring standards, and regulatory oversight. The proposed legislation includes a “transition period” for crypto holders unable to verify past purchases. Officials also plan to tax certain crypto transactions at rates up to 23%, excluding stablecoin and crypto-to-crypto trades. Ukraine proposes taxing virtual asset income at 18% plus 5% for military needs, signaling growing crypto oversight. #Ukraine #CryptoTax https://t.co/8vwRnjBP6u — Cryptonews.com (@cryptonews) April 9, 2025 A separate tax proposal intended to generate wartime revenue seeks a 5–10% levy on crypto income by mid-2025. The bill is expected to go through its first reading by March, with potential adoption by summer. Ukraine is considering a 5-10% tax on crypto income, with legislation expected by mid-2025. The move looks to bolster state revenue while navigating regulatory hurdles. #CryptoRegulations #CryptoTax #Ukraine https://t.co/MbtXiYCWi3 — Cryptonews.com (@cryptonews) February 28, 2025 Hetmantsev emphasized that the National Securities and Stock Market Commission lacks the capacity to regulate the industry, suggesting the central bank may need to temporarily take the lead. Still, not everyone is convinced. “The country is broke,” said Kuna exchange founder Michael Chobanian. “This is done only to divert your attention.” Ukraine’s move follows a global pattern, with the U.S. and Sweden also eyeing Bitcoin as a strategic asset. Yet for Ukraine, grappling with war and economic fragility, turning BTC into a national reserve may prove to be more of a symbol than a solution. The post Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next? appeared first on Cryptonews .

15 May 2025, 19:38

CFTC Commissioner Joins Blockchain Association as CEO

Summer Mersinger, who is part of the senior staff of the Commodity Futures Trading Commission (CFTC), will soon change the office of the regulator to the chair of the head of the largest cryptocurrency lobbying organization. The unexpected career change has caught the attention of the entire crypto community, as Mersinger is leaving government service three years ahead of the end of his term. An unexpected leadership castling According to a statement from the Blockchain Association on May 14, the organization's current CEO Kristin Smith will relinquish her post to Mersinger on May 16. Mersinger herself plans to leave the regulator on May 30, though her tenure was originally set to last until April 2028. The departure of Mersinger, who has held one of the seats reserved for Republican Party representatives since 2022, opens the door for President Trump to nominate a new candidate for the financial regulator. The rules require that no more than three commissioners belong to the same political party. Impact on cryptoasset regulation The CFTC, along with the Securities and Exchange Commission (SEC), is one of the key U.S. financial regulators whose policies directly impact the digital asset industry. Lawmakers in Congress are currently working on a market structure bill designed to clearly delineate the roles of each agency in the oversight and regulation of cryptocurrencies. The leadership change at the Blockchain Association was expected after Smith announced her departure on April 1 to become president of the Solana Policy Institute. The Association's members include some of the largest cryptocurrency companies in the United States, including Coinbase, Ripple Labs, and Chainlink Labs. According to its official website, the organization ”supports a forward-looking, innovative national policy and regulatory framework for the crypto economy.” In February, Trump nominated Andreessen Horowitz's crypto chief Brian Quintenz for CFTC chairman, but his nomination failed to pass a Senate vote. Any CFTC commissioner chosen by the president needs a majority vote in the Senate to be confirmed for a five-year term or to replace a retiring commissioner. A change in leadership at the Blockchain Association and a reshuffle at the CFTC could significantly affect the future of crypto industry regulation in the U.S., especially in light of the ongoing debate over the delineation of authority between regulators.

15 May 2025, 19:37

‘Really Great Example’: Coinbase Praised for Hack Response Amid $400M Crisis

The global head of policy at TRM Labs, a blockchain analytics firm that helps law enforcement investigate crypto fraud, shared that he believes Coinbase’s handling of the latest hack is a “really great example to other businesses in terms of how to handle” dealing with hacks of exchanges. At a panel at Consensus 2025, Ari Redbord discussed how easy it is for hacks to happen on crypto exchanges, as the industry is “the perfect storm of weak cyber controls and ultimately it's a good target.” Coinbase shared earlier on Thursday that some of its staff had been bribed to steal their customers' data, and its founder Brian Armstrong had received a ransome note for $20 million dollars in bitcoin. The team shared in a blog post that because of the breach, it could pay up to $400 million in remediation costs to affected customers, and that they were setting up a $20 million bounty on any information related to the attackers instead. The news comes as the industry has experienced other major hacks, like Bybit which was hacked earlier this year for $1.5 billion, and defunct crypto exchange FTX in November 2022 for $400 million. Though these episodes seem to happen frequently, Redbord believes more regulatory involvement can alleviate some of these issues. “There's a lot we can do with governments in order to go after these bad actors that have nothing to do with crypto or blockchain intelligence,” he said. “We have cyber facilities.” Read more: Coinbase Could Pay Customers Up to $400M for Data Breach

15 May 2025, 19:35

State of Wisconsin Investment Board Exits Bitcoin ETF Position Entered Last May, SEC Filing Shows

The State of Wisconsin Investment Board has fully exited its position in a Bitcoin exchange-traded fund (ETF), according to a recent Securities and Exchange Commission (SEC) filing. The investment board had initially entered this Bitcoin ETF position last May but has now completely divested from it. This move marks a notable change in the board's investment strategy involving cryptocurrency-related assets. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

15 May 2025, 19:07

House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30

Three key Democratic members of the House of Representatives are urging U.S. Treasury Secretary Scott Bessent to unseal suspicious activity reports (SARs) into “politically oriented” ventures potentially affiliated with current U.S. President Donald Trump, as revealed in a May 14 letter. House Dems Demand SARs Written by Representatives Joseph Morelle, Jamie Raskin, and Gerald Connolly, Wednesday’s letter requested documents related to Trump-affiliated crypto platform World Liberty Financial and Trump-branded meme coins, $TRUMP and $MELANIA. The Congressmen also requested SARs related to Republican fundraising platform WinRed and a handful of political action committees (PAC), including Elon Musk’s super PAC, America PAC, over concerns of “potential bribery, influence-peddling, threats to national security, market manipulation, and/or predatory and deceptive practices targeting vulnerable Americans.” NEW TODAY: Oversight Dems, @HouseJudiciary , and @HouseAdm_Dems are demanding the Treasury Dept turn over Suspicious Activity Reports on these organizations to investigate election fraud & corruption. Democrats are fighting to protect the integrity of our govt and our elections. pic.twitter.com/H84miZjBbL — Oversight Committee Democrats (@OversightDems) May 14, 2025 The coalition of Democratic lawmakers focused on accessing materials tied to Trump’s crypto ventures , which they called an “unprecedented” and “shocking” form of corruption. “Because the identities of the coin purchasers need not be publicly disclosed, there is no way to tell who is buying the coin, potentially allowing bad actors, including authoritarian governments and companies they control, to enrich the Trump family,” the House members said of $TRUMP. The letter specifically requests that the SARs include information starting from January 1, 2023, and be provided by May 30. Trump’s Crypto Connections Under Scrutiny Trump’s ties to crypto have been a major source of partisan divide in recent weeks, with Democratic Senators Elizabeth Warren and Adam Schiff calling on Jamieson Greer, the acting director of the U.S. Office of Government Ethics, to launch an “urgent inquiry” into U.S. President Donald Trump’s gala dinner for top investors in his meme coin, $TRUMP, last month. “The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President’s own financial gain,” the senators said in the April 25 letter. Trump has yet to comment publicly on the Democratic representatives’ requests. The post House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30 appeared first on Cryptonews .