U.S. Senator to Propose New Crypto Bill Next Year ⚖

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary).

Available in audio (roioverload.sounder.fm) or video (youtube.com/c/scottdclary).

Welcome to Roy Overload daily business, tech and finance news and Scott Declare. This is what's making news today. A US senator, Cynthia loomis, is going to propose a new crypto bill in the New Year. The FINTECH company SKIO raises three point seven million dollars in its seed round. Google search for NFT's surpasses traditional crypto search terms, and the delivery start up vho raises a hundred twenty five million dollars, and it's series. They let's jump right into it. First Story of the day. So the US Senator Cynthia loomis, who is one of the pro crypto supporters in Congress, is planning to introduce a comprehensive cryptocurrency bill in two thousand and twenty two that would define how to classify and tax different crypto assets. Lumis is a huge supporter of Bitcoin and is known to evangelize benefits. She's also voice her support for technology and has drawn a dividing line between bitcoin and other cryptocurrencies welcome by partisan cosponsors. Please encourage your senator to reach out and consider it. Said Lumas in a twitter post quoting bitcoin magazines. tweet making the announcement. If enacted, the proposed...

...bill would provide clear guidance to regulators in which did digital assets would be long in which asset classes. In addition, the bill would also offer protection to consumers, regulates stable coins and create a new organization under the jointer jurisdiction of these securities and Exchange Commission and the Commodity Future Trading Commission to oversee the crypto market. Any legislation propos and a sent it would likely need the support of at least sixty lawmakers, and only time will tell if the proposed bill will get approved. Moving over to start up news, the FINTECH company Skio just raise three point seven million dollars in its seed round. So the FINTECH and infastructure company Skio. They raise three point seven million in the seed round to help brands sell subscriptions. Funding Round was led by adjacent and also saw participation from several angel investors, including mute six, has, Daniel Rutberg, Moody Nashawadi, Sean Purie, Italic CEO Jeremy K, tilt co founder and Magic Mind Founder, James Bishara, Julian Shapiro and Sa Hill Bloom in addition,...

...founders and executives of companies such as EMI, thing testing, take a smile, dot Io, Literati, linger raycn CRESC, the core carded orchard or analytics and Co here also participated in the funding round found in two thousand and twenty one by Keenan Davison. Skio helps brands on shopify sell subscriptions hassle free. The US base startup help shop by brands sell subscriptions by managing and scheduling payments. In addition, the company helps brands build a customer portal to Manage Subscriptions, as the mess subscription management, amongst other things. Skio only has five employees right now. It's planning to use its newly injected funds towards product development and to hire a few more software engineers. Google search for nfts just surpassed crypto. So throughout two thousand and twenty one, non fungible Tokens, or NFTS, have created quite a crazy they become one of the most desired digital items that consumers want to own. Moreover, for the first time in...

...global searches, a term, and FT, has appeared to have surpassed crypto. According to Google trends though the crypto market is witnessed a fall in transaction volume over the recent weeks of sale for NFTS, and sales of NFTS has increased on market places like Openca, as well as other nft market places. The huge searge and demand for entities is clear and almost all aspects of digital society, as several mainstream companies are considering an entry into the metavers platform. Companies like Adidas and Nike have made their way into the Meta verse by selling nfts recently. More over, celebrities like Mila Kunist Snoop job and snoop Dogg, Steve jokey, amongst others, are some are promoting their own and FT collections. and FT's have also made it possible for global artists a broadcast or talent without the need for physical exposure. In addition and FT's and NFT, games like axie infinity and Serrere are exploring possible ways for players to learn about NFTS and crypto. And last story of the day, the delivery start of...

VO raises a hundred twenty five million dollars in a series a funding round. So vho is a next day package delivery service company. They raise a hundred twenty five million dollars in a series a funding round. They have a one billion dollar valuation now. They're considered a unicorn. Funding was led by General Catalyst and also include a participation from construct capital, led by Rachel Holt, Fontinalis partners, bling capital, industry ventures and origin ventures. Found in two thousand and sixteen, Vho is a US base company providing and and parcel delivery carriers for ECOMMERCE companies. The startup was founded with a mission to revolutionize the package delivery industry by offering companies fast and tech forward delivery solutions that guarantee customer satisfaction. The company's technology is powered by a sophisticated and dynamic market place that, ever, effortlessly matches the demand for package delivery, with qualified driver partners to ensure that each package is delivered on time and correctly. VHO will use the fresh funds to grow its team and to expand its presence from fourteen to...

...fifty US markets by the end of two thousand and twenty two. In addition, it will also look to improve and deepen the consumer experience through technology advancement and another news from around the Internet, the South Korean chip maker SK Heinis receives merger approval. So China State Administration from market regulation, or S A M R, gave the green light for its acquisition of intels and a n D and SS d business. The acquisition is worth nine billion dollars. And consumer prices in Japan rise at the fastest rate in nearly two years. So due to increasing global commodity prices, the Japanese consumer inflation in November recorded the biggest year on year gain. A zero point five percent growth was observed in the consumer price index, which excludes fresh food prices but includes oil prices, compared to November, of two thousand and twenty anyway. So that's it for today. Hope you enjoyed you found value in this. Share this with one other person that can go subscribe for daily business. Tech can finance news that...

...newsletter that Roy overloadcom have a great day. I'll see it tomorrow.

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