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BREAKING: US law enforcement just stopped blocking the crypto CLARITY ACT.
Two major law enforcement developments happened in the last 24 hours.
Yesterday, the National Organization of Black Law Enforcement Executives (NOBLE) became the first major law enforcement organization to publicly endorse the Clarity Act, saying the bill "contains several provisions that would provide law enforcement with meaningful new capabilities while preserving longstanding criminal enforcement authorities."
Today, the Major County Sheriffs of America, representing law enforcement across the country's largest counties, shifted from opposing to neutral on the same bill after direct discussions with the Administration about Section 604.
NOBLE specifically addressed concerns from other law enforcement groups, confirming the bill does not alter existing federal criminal authorities investigators rely on, including statutes governing money laundering and unlicensed money transmitting businesses.
MCSA still wants state and local l
#BTC above $63K 👀 https://t.co/HRRfrNh3NS
Ledger Co-Founder: If Bitcoin Hits $1 Million, It Could Mean War or a Fiat System Collapse
Ledger co-founder Eric Larchevêque @EricLarch said in a June 25 interview with When Shift Happens that a world where Bitcoin reaches $1 million or even $10 million may not be a good one, but one marked by wars, fiat currency failures, debt crises and social unrest.
He said Bitcoin has little value in a perfect world because no one needs it. But in an unstable world, Bitcoin becomes important as a final settlement asset and a tool to protect wealth. For people in Iran and France, he added, Bitcoin does not carry the same meaning.
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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