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President Joe Biden faces a looming deadline to decide the fate of the U.S. Securities and Exchange Commission's (SEC) controversial crypto rules. Both the House of Representatives and the Senate have passed a resolution to overturn the SEC's Staff Accounting Bulletin 121 (SAB 121), despite a prior veto threat from the White House.

The resolution now sits on President Biden's desk, awaiting his decision. He has until June 3 to either veto the resolution, sign it into law, or let it pass without action. If he chooses to veto, it would effectively end Congress' efforts to nullify SAB 121, as a two-thirds majority in each chamber would be required to override the veto.

Alternatively, President Biden could sign the resolution into law, nullifying SAB 121 and preventing the SEC from issuing a similar rule in the future. However, if he takes no action within the 10-day window and Congress is in session, the bill would automatically become law. If Congress is not in session, the bill could face a pocket veto.

In addition to overturning SAB 121, the House also passed the FIT21 Act, a bill aimed at establishing a regulatory framework for crypto assets. The Biden administration has expressed a willingness to work with Congress on developing a balanced framework for digital assets.

The deadline is fast approaching, and the crypto community eagerly awaits President Biden's decision.

Do you think he will veto the resolution, as threatened? Let us know your thoughts in the comments below.

#biden #JoeBiden

Vitalik Buterin backs 'bunker mode' for crypto ahead of AI

- Vitalik Buterin backs 'bunker mode' for crypto as AI rapidly advances in mathematics.
- Ethereum researchers recommend that users move their assets to new addresses in an orderly manner.
- Warning that AI could threaten private-key security even before quantum computers do.
- The RSS source has not provided further details.

#BinanceSquare #CryptoNews #ETH #VitalikButerin #AI

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Source: CoinTelegraph

Bitcoin falls below $83,000 as oil prices surge amid Iran war report

- Bitcoin falls below $83,000 under pressure from Brent crude topping $102.
- Reports of plans to attack Iran drive up oil prices, leading to higher bond yields.
- FxPro forecasts that Bitcoin could quickly fall to $80,000.
#BinanceSquare #CryptoNews #BTC

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Source: CoinDesk

Vitalik Buterin encourages 'bunker mode' for crypto amid rapid advances in AI mathematics

- Ethereum researchers warn that AI could threaten private-key security even before quantum computers do.
- Users are encouraged to systematically move their funds to new addresses to improve security.
- Vitalik Buterin agrees with the 'bunker mode' strategy to protect assets from AI threats.

#BinanceSquare #CryptoNews #ETH #AI #Blockchain

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Source: CoinTelegraph

Hunter Biden confirms LAPTOP token wasn’t a rug pull, just meant to troll Trump

- Hunter Biden confirms the LAPTOP token wasn’t a rug pull.
- Its only purpose was to troll Trump.
- He said: "Trump’s coin was max extraction, and I wanted to troll every grift like it".
- The article analyzes the memecoin launch and its consequences.

#BinanceSquare #CryptoNews #LAPTOP #Memecoin

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Source: CoinTelegraph

Vitalik Buterin proposes a 'bunker mode' for crypto amid the AI threat

- An Ethereum researcher warns that AI could threaten private-key security even before quantum computers do.
- He proposes moving funds to new addresses in an orderly manner to address the risk.
- Vitalik Buterin supports a 'bunker mode' strategy for crypto users.
#BinanceSquare #CryptoNews #ETH #BTC

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Source: CoinTelegraph

Hyperliquid, XRP, Zcash, and Ethereum Price Analysis for October 8: Market Under Pressure

- The cryptocurrency market is facing renewed selling pressure.
- Several major assets are testing key support levels.
- The cryptocurrencies mentioned: Hyperliquid (HYPE), XRP, Zcash (ZEC), and Ethereum (ETH).
- The RSS source has not provided any further specific details.

#BinanceSquare #CryptoNews #HYPE #XRP #ZEC ETH

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Source: U.Today

Vitalik Buterin Supports Crypto 'Bunker Mode'

- Vitalik Buterin backs the 'bunker mode' model for crypto
- Ethereum research encourages moving assets to new addresses
- Warns that AI could threaten private-key security before quantum computers do
#BinanceSquare #CryptoNews #ETH

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Source: CoinTelegraph

Samsung integrates USDC transfers on Solana for Galaxy users in the US

• Samsung has integrated USDC transfers on the Solana network into Samsung Wallet for Galaxy users in the US.
• The feature includes fiat on- and off-ramps, with no need for a separate crypto app.
• The move expands the use of stablecoins within Samsung’s mobile ecosystem.
#BinanceSquare #CryptoNews #USDC #SOL

$usdc $sol

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Source: The Block

Vitalik Buterin backs a 'privacy' mode for crypto amid rapid AI development

• Ethereum researchers recommend that crypto users transfer funds to new addresses in an orderly manner.
• They warn that AI could threaten private-key security before quantum computers become a threat.
• Vitalik Buterin supports adopting a "privacy" mode for crypto in the face of rapid AI advances.
#BinanceSquare #CryptoNews #ETH

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Source: CoinTelegraph

Ripple integrates Canton Network, putting an end to the 'XRP Killer' rumors

- Ripple has integrated Canton Network to secure Wall Street's RWA pipeline.
- The move aims to put an end to the 'XRP Killer' narrative.
- Full details have not been provided in the RSS description.

#Ripple #XRP #CantonNetwork #RWA #BinanceSquare

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Source: U.Today

Vitalik Buterin backs 'bunker mode' for crypto ahead of AI

- Vitalik Buterin backs 'bunker mode' for crypto as AI rapidly advances in mathematics.
- Ethereum researchers recommend that users orderly migrate their assets to new addresses.
- Warning: AI could threaten private-key security even before quantum computers do.
- The RSS source has not provided any further details.

#BinanceSquare #CryptoNews #ETH #VitalikButerin #AI

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Source: CoinTelegraph

Wells Fargo in talks with Payward (Kraken) about crypto liquidity

- Wells Fargo, a U.S. bank managing around $2.3 trillion in assets, is in talks with Payward, Kraken’s parent company, to provide crypto liquidity for the bank’s digital asset trading operations.
- The talks are ongoing and may not result in an agreement.
- Both parties declined to comment publicly.
- Source: CoinGape, October 7.

#WellsFargo #Kraken #CryptoNews #BinanceSquare

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Source: CoinGape

Vitalik Buterin backs crypto “bunker” mode amid rapid AI development

- Ethereum researchers warn that AI threatens private keys, even before quantum computers arrive.
- Crypto users are moving funds in an orderly fashion to new addresses.
- Vitalik Buterin backs “bunker” mode.

#BinanceSquare #CryptoNews #ETH #Ethereum #AI

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Source: CoinTelegraph

Justin Drake recommends “bunker mode” to guard against private key risks

* Move assets to a new address
* Public key hidden behind a hash
* Reduce the risk of private key recovery
#BinanceSquare #CryptoNews #ETH

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Source: The Block

Vitalik Buterin backs ‘bunker’ mode for crypto amid rapid AI advances

• Ethereum researchers recommend that cryptocurrency users move their funds to new addresses in an orderly manner.
• They warn that AI could threaten private key security before quantum computers become a threat.
• Vitalik Buterin backs a “bunker mode” strategy to protect the crypto ecosystem from AI-related risks.
#BinanceSquare #CryptoNews #ETH

$eth

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Source: CoinTelegraph

Grayscale: Crypto ETFs Enter a New Phase, Zcash ETF Surpasses $1 Billion

- Grayscale says the SEC has established listing standards for around 15 tokens.
- This allows ETF issuers to offer a wider selection beyond Bitcoin and Ether.
- The Zcash ETF has surpassed $1 billion, signaling that the crypto ETF market is entering a new phase.
#BinanceSquare #CryptoNews #BTC #ETH #ZEC

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Source: The Block

Vitalik Buterin urges crypto users to switch to high-security mode amid AI threat

• Vitalik Buterin supports the idea of a "bunker mode" for the crypto community.
• Ethereum researchers recommend that users move funds to new addresses, as AI could threaten private key security before quantum computers arrive.
• The move aims to protect assets against emerging cybersecurity risks.
#BinanceSquare #CryptoNews #ETH

$eth

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Source: CoinTelegraph

NEAR rises 6% as Bitwise CEO predicts explosive potential

- NEAR rose 6% after Bitwise CEO Matt Hougan named it a rare small-cap asset combining an established business with significant AI potential.
- Hougan emphasized that NEAR Intents has surpassed $30 billion in volume and that revenue is growing.
- He described NEAR’s AI-agent ambitions as a long-term opportunity.
- RSS has not provided further details.

#NEAR #CryptoNews #BinanceSquare

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Source: CoinGape

Vitalik Buterin proposes 'bunker mode' for crypto in response to the AI threat

• The Ethereum researcher warns that AI could threaten private-key security even before quantum computers do.
• He proposes that users switch to new wallet addresses to improve security.
• Vitalik Buterin supports a 'bunker mode' strategy for the crypto ecosystem.
#BinanceSquare #CryptoNews #ETH #AI

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Source: CoinTelegraph