Crypto Rules Needed for National Security Reasons, says White House������������������������������������������

Crypto Weekly

As a matter of national security, the Biden administration will issue an executive order requiring federal agencies to regulate cryptocurrencies such as Bitcoin.

A regulatory framework covering cryptos, stablecoins, and non-fungible tokens will be put together by several parts of the government, according to sources. By taking a holistic approach to digital assets, the government hopes to provide coherence to what it's trying to accomplish. The State Department, Treasury Department, National Economic Council, and Council of Economic Advisers will be involved as part of the initiative.

According to the individual, since crypto has economic implications for national security, the White House National Security Council would also be involved. The administration will also instruct agencies to harmonize regulations of digital assets between countries. "Since digital assets don't remain in one country, it is necessary to work with other countries on synchronization." There were no recommendations from the White House. The White House will act as a policy coordinator and give agencies three to six months to develop proposals. Officials from the White House declined to comment.

The White House wants to bring order to the haphazard way the government has been regulating crypto. This industry is regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission.

There is, however, no consensus on how to oversee exchanges, stablecoins, and high-yield lending products or whether some tokens should be classified as securities.

Over the last few months, Congress has held several hearings on cryptos, exposing the partisan divide between Republicans and Democrats over regulation of the industry. Congress is also being urged to draft rules by the Biden administration. In November, the White House released a report on stablecoins, recommending that Congress act promptly to regulate the industry.

The Federal Reserve has also commented on digital currencies. Earlier in January, the Fed released a report on a centralbank digital currency, or CBDC, which discussed the pros and cons of digitizing the dollar.

According to the report, the Fed could begin work on the project if the White House and Congress supported it. A Treasury Department spokesman called the report a crucial step forward in discussions about a CBDC.

Several countries are intensifying their scrutiny of crypto as a matter of national economic security. Russia's Central Bank and Finance Ministry said that Bitcoin mining and trading should be tightly regulated this week. Russia's President Vladimir Putin urged regulators to come to a unanimous decision on how to regulate space Wednesday. 

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Crypto Weekly

PROJECT 1

Lucky Fairy Token (FAE)

luckyfairy.io luckyfairytoken LuckyFairyToken

Are you a fan of hitting jackpots on online slots and lotteries, or love to make your income from live dealers, and sportsbooks? Are you also a crypto enthusiast? Get ready!

LuckyFairy ($FAE) is a deflationary token launched on the evergrowing AVAX Blockchain. Already partnering with a fully regulated, established online gaming platform in Numbers Game (PlayNumbersGame.com), LuckyFairy garners a 70% revenue share redistributed to $FAE.

The token launched with an initial max supply of 777,777,777, conveniently, and carries a 10% tax. The tax breaks down to: 3%-Marketing & Development 2%-Reflections 2%-Liquidity 2%-Prize Pool 1%-Burn Here’s the winning strategy. By utilizing an anti-whale dump mechanism, the max transaction is 0.5% of the total supply, and a max transaction on sales, with a 45 second cool down period between buys and sells.

100% of the tokens revenue from the casino is put back in the $FAE ecosystem to maximize token growth, and will initially be distributed as such, but is subject to change following a snapshot vote from the community:

40%-Lucky Fairy Buyback and Burn Events 40%-Lucky Fairy Events ie. AVAX, ETH, BNB, and crypto airdrop to $FAE holders 19%-Marketing 1%-Charities

Keep your eyes on this hidden gem as there are future plans to expand past the online casino and step into the metaverse, as well as Esports tournaments and betting, P2E games, decentralized slots machines, and more, and bringing all these additional features on their Lucky Fairy dApp.

PROJECT 2

incomeisland.org

Income Island

incomeisland incomeisland

Income Island Token is a one-of-a-kind concept, developed to make anyone generous stable profits on a daily basis. The integrated gaming system uses blockchain technology which will allow anyone to earn a passive income whilst having fun at the same time. In addition, you may buy and own a personal mining plot and even more than one to generate an income. You may rent out your plots to other players and earn NFT’s offering extra Island Tokens every time someone sells, meaning you earn an income while you sleep.

As Warren Buffet famously said “If you don’t find a way to earn money while you sleep, you will work until you die!" Through the ongoing development, Income Island will strive to make sure that the ecosystem is a safe and friendly environment to earn a passive income for the long term. Income Island Token, is not just all about the great rewards, it also has a great, doxxed, and highly dedicated team that is supported by a steadfast and strong community. The fundamentals for the ecosystem were created through Income Island`s global team and consists of both volunteers and working professionals from all over the world with skillsets ranging from web development, marketing, Dapp creation, and many other entrepreneurs willing to deliver a stellar financial product to the Income Island community. The Income Island Token is a revolutionary coin, created to be a safe.

Crypto Weekly

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PROJECT 3

xrisecoin.com

XRise

XriseCoin XriseCoin

With volatility as the main antagonist of mass crypto adoption, XRise is bringing a smart contract that offers a substantial amount of certainty to investors. The goal being to minimize risk and loss that all too often, troubles the BSC space. XRise does this by controlling the max sell limit on every transaction, nurturing exponential growth. Purchases carry no upper limit, and laddering out (safely taking profits) is welcomed. If you invest $1,000, and you have a 500% increase, ($5,000), your day 1 withdrawal would be set at your initial investment, plus 10% of your profit, ($1,000+$400). Let’s say day 2 realizes a 200% profit, putting your remaining $3600 from day 1, at $7200. Your day 2 withdrawal limit would be 10% of your total holdings, ($720). As the process continues, investments and holdings continually grow, while sells have a much lesser impact on the chart. r Initial investment-$1,000 Day 1 (with a 500% increase)-$5,000 Profit-$4000 Day 1 withdrawal limit (Initial investment+10% of profit)=$1400 Remaining balance-$3600 Day 2 (with a 200% increase)-$7200 Day 2 withdrawal limit (10%)-$720

Brought to you by the powerhouse team at FudDoxx, XRise will launch on the Binance Smart Chain on February 14th and are accepting presale allocations on their Telegram channel. FudDoxx will pay out their staking rewards in XRise, adding holders, and continually growing a consistent upward trajectory to the XRise token.

PROJECT 4

FudDoxx Token (FDOX)

FuddoxxToken FudDoxx FudDoxx

Building on security, FudDoxx offers a wide range of services to benefit the entire crypto space. The team has compiled a list of projects that have passed their extensive verification process. FudDoxx offers doxxing services to bridge the gap between investors and developers. The doxxing info received by the team is securely stored for use in the event that a project scams, and is proven as far as possible, then that information would be released to the public and authorities. FudDoxx Audit service goes beyond the detailed analysis of solidity code. Not only tearing apart the smart contracts, but their risk assessment factors in the audited projects vision, team, maturity, funding, and community.

The FudDoxx team has also incorporated a beautiful, userfriendly NFT marketplace in their ecosystem, (see for yourself, FudCoinNFT.com), where you will find everything from pixelated images, audio, video, and unique sports memorabilia NFT's, to name a few. The simple navigation process streamlines buying and selling digital art.

Fuddoxx doesn't stop there!

ƒ Swap platform: Complete (Swap.FudDoxx.com) ƒ Staking and Farming platform: In development ƒ ICO launchpad: In development

With so many avenues for continual success in crypto, FudDoxx truly covers every base with their comprehensive suite of revenue-generating, and security, features.

FudDoxx Token (FDOX) launched on Binance Smart Chain with a total supply of 100 trillion and has 328 holders at the time of writing. A 12% tax is attached to every transaction which breaks down to 7% LP, 3% marketing in BNB, and 2% native reflections.