Malaya Ruiz
The Shib Daily highlights crucial crypto news this Thursday, including regulatory changes in a major economy, remarkable political involvement that could influence policy and industry trends, an initiative that could affect energy markets and the crypto mining industry, and a controversial maneuver from a key organization.
Russia Explores Regulated Crypto Trading for Select Investors
The Ministry of Finance and Central Bank of Russia are exploring an experimental legal regime (ELR) for crypto trading, focusing on “super-qualified” investors. Alexei Yakovlev mentioned that the criteria for these investors are still under development. This new category will consist mostly of professional market participants and select individuals, beyond just banks. The goal of the ELR is to provide a regulated framework for evaluating the risks and advantages of cryptocurrencies in the financial system.
White House Crypto Summit Guest List Unveiled Ahead of March 7 Event
The guest list for the White House Crypto Summit, set to take place on March 7, has been revealed, showcasing major industry leaders. It will include 20 to 25 participants in a roundtable format. Key members of the Presidential Working Group on Digital Assets will also be present. Key figures like Charles Hoskinson and Vitalik Buterin have not yet confirmed their participation. It is unclear whether they were not invited or just did not confirm their attendance yet.
Belarus Sets Sights on Expanding Crypto Mining
Belarusian President Alexander Lukashenko has tasked Energy Minister Aleksei Kushnarenko with developing the country’s crypto mining industry. He wants to utilize excess electricity for mining while also enhancing Belarus’ energy grid. Lukashenko pointed to the U.S. as an example of a nation aiming to lead in cryptocurrency. With its affordable electricity, Belarus has attracted interest from miners, and the president believes the country should take the initiative to capitalize on this opportunity.
Ripple Labs Pitched Solana for Inclusion in U.S. Crypto Reserve, Says Reports
Ripple Labs executives, including CEO Brad Garlinghouse, reportedly proposed including Solana in the U.S. Crypto Reserve to President Donald Trump. This move is seen as an attempt to enhance the credibility of XRP, addressing concerns about leaving out established altcoins. When asked about advocating for SOL’s inclusion, a Ripple press representative referenced Garlinghouse’s comments about collaboration in the crypto sector. This implies a strategic approach to strengthen XRP’s position.
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Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
