Law Decoded: Tech as an Arena for International Conflict, July 31-August 7

Published on by Cointele | Published on

Blockchain analytics brings in the Twitter hacker in 16 days.

Using blockchain analytics and Coinbase KYC documents, the FBI was able to track down three suspects in the July 15 Twitter hack, leading to arrests on July 31.

Many in the crypto industry noted that the Bitcoin blockchain enabled law enforcement to track down the alleged perpetrators and make arrests incredibly quickly, with a turnaround that cash would have made unlikely.

Familiar to Cointelegraph's readers as "CryptoMom" due to her long-term interest in protecting the industry, Pierce is behind a proposed safe harbor policy that would protect new blockchain networks that are transitioning from centralized to decentralized formats.

Recently, Peirce publicly came down against the SEC's attack on Telegram's TON, one of the most famous legal disputes over whether a blockchain network and its native tokens were independent of the team behind their initial launch.

The Blockchain Caucus keeps pushing the IRS. In a recent letter, four congressmen asked the IRS to reconsider plans to tax staking rewards as income.

Bear in mind the overall mission of the Blockchain Caucus.

Though its members have introduced legislation pushing for greater use of blockchain technology in a wide range of fields, the caucus itself doesn't have the status of a subcommittee and so doesn't formally consider new laws.

Most of the Blockchain Caucus' work right now falls under the category of education.

It's really only through outlets like the Blockchain Caucus that the IRS has any incentive to give the crypto industry a voice at all.