Coinbase is making headlines with its recent Freedom of Information Act request aimed at uncovering the regulatory boundaries impacting crypto deposits at banks. Meanwhile, Elon Musk teams up with Coinbase CEO Brian Armstrong to support John Deaton, a pro-crypto attorney opposing Senator Elizabeth Warren’s restrictive cryptocurrency regulation views.
Simultaneously, Plus Wallet, recognized as a leading crypto wallet, is rolling out a new rewards system that enables users to earn USDT on each crypto transaction. Additionally, the wallet’s Refer to Earn program transforms referrals into a continuous revenue source, presenting an appealing opportunity for users to increase their crypto holdings.
Coinbase Seeks Clarity on Crypto Deposit Limits from FDIC
Coinbase has recently asked U.S. banking regulators for clarification on the alleged limits on crypto deposits at certain banks, through a Freedom of Information Act (FOIA) request. Paul Grewal, the Chief Legal Officer, is particularly interested in any FDIC documents revealing restrictions that might affect digital asset companies, including those at banks like Signature and Silvergate.
This probe by Coinbase might also expose communications between the FDIC and other regulators on the issue, following the company’s ongoing legal confrontations with regulatory bodies like the SEC and FDIC over their control over the crypto industry.
Elon Musk & Coinbase CEO Rally Behind Pro-Crypto Senate Candidate
Elon Musk has recently thrown his support behind John Deaton, a pro-XRP lawyer challenging Senator Elizabeth Warren in Massachusetts. Musk’s concise “YES” on the social media platform X aligns with endorsements from Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse. Armstrong criticizes Warren’s endorsement of SEC policies under Gary Gensler, which he views as stifling to crypto innovation and overly favorable to government-regulated financial systems.
Warren’s stance against cryptocurrencies, according to Armstrong, curtails financial freedom and has made her a polarizing figure within the industry. This endorsement from Musk and other prominent crypto figures underscores the increasing political spotlight on cryptocurrency regulation and the industry’s prospects in the U.S.
Plus Wallet Unveils Unlimited Earning Potential Through Swaps & Referrals
Recognized as a top-tier crypto wallet, Plus Wallet now allows users to earn rewards directly from their crypto transactions with its Swap to Earn feature. Each trading operation within the app rewards the user with USDT, thereby facilitating the gradual growth of their funds through regular activity. This feature effortlessly transforms trading into a rewarding venture, offering compensation for every transaction.
Not only are Plus Wallet users rewarded for their transactions, but the Refer to Earn feature also broadens the earning possibilities beyond personal trading. By referring others, users can earn a share of the rewards from every transaction their referrals complete, effectively turning each referral into a potential income source.
Plus Wallet has removed all restrictions on earnings, both from swaps and referrals. As the trading volume increases among users and their networks, so does their potential earnings, allowing them to continually grow a substantial reward balance. For anyone seeking an effective way to maximize their earnings, Plus Wallet offers a straightforward solution.
Summing Up
Significant developments are unfolding in the cryptocurrency sector, from Coinbase’s push for regulatory clarity to Elon Musk’s endorsement of a pro-crypto Senate candidate. Meanwhile, Plus Wallet continues to attract crypto enthusiasts with its robust security and lucrative earning features.
Through its innovative Swap to Earn and Refer to Earn programs, Plus Wallet transforms everyday trading into a consistent source of income. For those looking to expand their crypto assets, Plus Wallet presents a versatile and beneficial option in the marketplace, making it an accessible and rewarding choice for crypto users.
Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/
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