Crypto bills fail in Washington. Crypto PAC formed to influence U.S. elections. Some countries allowing people to buy citizenship with crypto and Global Payments Up 5% After Elliott Expands Stake. Jane King has the latest from the NYSE.
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Thanks, Rey.
Here's a look at your Coin Street headlines.
Crypto weak legislation hit a snag in Congress.
Some crypto stocks fell as well.
The crypto-related bills failed to overcome a procedural hurdle in the House of Representatives.
Well, the crypto-backed group has gathered $141 million in funding to influence US elections.
Fair shake reported raised $52 million from the crypto industry in the first half.
Of this year at a time when candidates previously supported by the PAC were providing crucial votes, a fair shake said it had raised about $52 million with $25 million of that coming from Coinbase.
Citizenship and residency via crypto are now possible in countries like Vannata, El Salvador, and Portugal, with investment requirements ranging from $100,000 to $1 million.
Most governments still require fiat contributions for these programs, but a growing number of licensed migration agents now accept crypto, converting it into local currency before submitting it to authorities.
A handful of jurisdictions go further, offering opportunities ranging from fast track second passports to long-term residency for investors, and chairs of the financial technology company Global Payments advanced.
5%.
The movement came after the Financial Times report said that activist investor Elliott Management added to its stake in global payments.
The investment comes as the Atlanta-based payments Group plots its future after buying Worldpay earlier this year in its biggest acquisition to date as it tries to grow its core business of processing payments for merchants, and that's the latest Coin Street headlines.