Crypto Bill: Taming the Digital Wild

Deciphering the New Crypto Legislation’s Impact

Author

Jungle Degen
September 22, 2023

Greetings Crypto Explorers! 🌴🦜

This week, we’re turning the spotlight onto the crypto bill, a legislative event that’s causing ripples throughout our digital wilderness. We’ll decipher its implications and navigate its potential impacts on our crypto ecosystem.

But that’s not all. We’ll also be delving into the week’s most roaring headlines. From SEC’s encounter with Binance.US to Citi’s new digital asset capabilities and Grayscale’s Ether futures ETF filing, we’ll be exploring these developments and more, equipping you with the vital knowledge you need to navigate your crypto journey.

So ready your explorer gear, because we’re about to embark on an insightful adventure through the heart of the crypto jungle.

As always… Stay Wild! 🌿🦁🚀.

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

9 US senators publicly back Elizabeth Warren’s crypto bill

cointelegraph.com/news/crypto-bill-us-nine-senators-back-elisabeth-warren

In the thick of the crypto jungle 🌴, Senator Elizabeth Warren and her band of bipartisan senators are on a mission to tame the wild aspects of cryptocurrency. The group, now totalling nine, has thrown their support behind the Digital Asset Anti-Money Laundering Act, sharpening their tools to slice through the undergrowth of illegal activities hiding in the ‘crypto canopy’.

Among the brave explorers are Senators Gary Peters, Dick Durbin, Tina Smith, Jeanne Shaheen, Bob Casey, Richard Blumenthal, Michael Bennet, Catherine Cortez Masto and independent Senator Angus King. They’re all eager to crack down on the ‘snake-like’ practices of money laundering, drug trafficking and sanctions evasion in the crypto world.

In their hands is a potent antidote to these illicit activities - an expanded Bank Secrecy Act and a new Anti-Money Laundering/Combating the Financing of Terrorism compliance examination. Their target? The elusive $50 billion crypto tax gap that, if not hunted down, could see the U.S. Treasury missing out on a hefty $1.5 billion in tax revenue 💵.

This brave expedition isn’t without its supporters outside the Senate either. Groups such as Transparency International U.S., Global Financial Integrity and the National District Attorneys Association are cheering them on from the sidelines.

So as we traverse this complex crypto jungle together, remember to stay safe, stay informed and keep an eye out for these intrepid explorers’ next moves.

📝 More on Elizabeth Warren’s crypto bill

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week.

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

In the dense heart of the jungle, where the digital vines intertwine, A secret is encrypted, in a coded jungle sign. Neither a roaring lion, nor a chirping quill, What’s this blockchain mystery, giving the jungle a thrill?

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $26,534.94 (0.29%)

  • Ethereum (ETH) - $1,591.89 (-2.28%)

  • Top Gainer: Immutable (+26.97%)

  • Top Loser: Gala (-8.42%)

Snapshot taken on the 22th of September, around 3:30pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

What’s your take on the latest crypto bill? 📜

Login or Subscribe to participate in polls.

🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

Up or down, coconuts always help 🥥

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

we are not mere spectators in this dynamic crypto landscape. We are the brave explorers, the audacious adventurers, carving out a new frontier in the digital realm. Our journey may be shrouded in mystery and uncertainty, but we press on with unwavering belief and relentless curiosity. We’re not just here for the thrill of the ride, but for the transformative power of crypto that allows us to redefine trust and value. So let’s keep exploring, keep believing, and keep making our mark in this untamed wilderness. Because in this crypto jungle, we’re not just surviving - we’re thriving.

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!hapcan x