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Ripple and its co-founders spent tens of millions of dollars on political donations with dreams of the US government acquiring XRP for a sovereign crypto reserve. Instead, at 7:11pm yesterday, they endured a catastrophic conclusion to their lobbying efforts.  When so-called “Crypto Czar” David Sacks tweeted the text of a signed executive order, Ripple and its XRP Army learned that Donald Trump would not — despite his explicit promise — direct the US government to buy XRP.  Although Trump claimed on March 2 that he would create a Crypto Strategic Reserve that includes XRP, he did not. Instead, he actually signed an order relegating XRP to a separate, sell-only stockpile. Rather than entering the ranks of any US Strategic Crypto Reserve, XRP is, disappointingly, a Stockpile Asset. The US government may not buy XRP and may only hold onto or sell it. Indeed, according to the document Trump signed, “ the United States Government shall not acquire addi...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Destroying the Bitcoin network, which is a decentralized and distributed system, would be an arduous task. One day, however, state actors might set their targets on Bitcoin (BTC) in an effort to destroy the best money in the history of the world. Here’s how they might go about eliminating Satoshi Nakamoto’s invention. You might also like: Cryptocurrency awareness vs knowledge: To educate to empower | Opinion Regulatory restrictions One way that governments could limit the growth of the Bitcoin network is through regulatory restrictions. Governments have the power to regulate financial institutions and transactions, and they could use this power to restrict or even ban the use of Bitcoin. For example, a government could require all Bitcoin transactions to be reported and taxed or prohibit banks from processing them altog...

Explore essential skills for top legal and compliance jobs in the crypto market. Cryptocurrencies are a rapidly growing market that is changing how people invest, buy and sell goods and services, and transfer money. However, with the growth of this market comes an increasing need for legal and regulatory compliance, particularly concerning issues such as money laundering, fraud and data protection. As a result, there is a demand in the cryptocurrency sector for legal and compliance specialists. The positions listed below are just a few examples of the various legal and compliance positions available in the cryptocurrency sector. Each one is crucial to ensuring that the market functions fairly, openly and lawfully. Compliance officer A compliance officer in the crypto market is responsible for ensuring that the company complies with all relevant laws and regulations, including Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.  Knowing the relevant laws and regul...