The broader crypto sector has been dramatically increasing its spending on lobbying and political activities since losing a bid last summer to strip new industry reporting requirements from the Senate infrastructure package. In one of the latest moves, a group of top executives that includes FTX’s CEO of digital markets, Ryan Salame, formed a super PAC aiming to spend $20 million in the midterm elections on electing crypto-friendly candidates. Giving away bitcoin its citizens The crypto app could be used to make purchases at stores in Bitcoin or to take out dollars from certain ATMs, Bukele said. Citizens can also pay taxes in Bitcoin after the law takes effect.

Extensive cooperation with market actors, policymakers and legislators will ensure that a digital euro meets users’ needs. This is why we are launching a set of initiatives to engage with as many stakeholders as possible. UPDATE 1-US House Republicans to vote on debt-ceiling bill despite infighting In the word-of-mouth approach, victims who invested into the scammers' liquidity mining initially see the purported returns on investment, building a false sense of security that encourages victims to continue purchasing and "invest" additional cryptocurrency. The first victim then tells their contacts about this lucrative investment opportunity, bringing more victims into the scam. The scammers then proceed to empty the victims' wallets. This approach may be more effective since the fraudulent platforms are recommended by someone a victim trusts rather than an unknown party.