In recent Coinbase news, the company has filed a Freedom of Information Act request, seeking transparency on regulatory limits affecting crypto deposits at banks. Meanwhile, Elon Musk joins forces with Coinbase CEO Brian Armstrong in endorsing pro-crypto attorney John Deaton, a candidate challenging Senator Elizabeth Warren’s stance on cryptocurrency regulation.
At the same time, Plus Wallet, one of the top crypto wallets, introduces an innovative rewards model, allowing users to earn USDT on every crypto swap. Plus Wallet’s Refer to Earn program also turns referrals into a limitless income stream, making it a promising option for those looking to maximise crypto gains.
Coinbase Requests FDIC’s Clarity on Crypto Deposit Restrictions
Coinbase has filed a Freedom of Information Act (FOIA) request, urging U.S. banking regulators to clarify an apparent cap on crypto deposits at specific banks. Chief Legal Officer Paul Grewal says the request seeks FDIC documents on any imposed deposit limits affecting digital asset firms, including banks like Signature and Silvergate.
This Coinbase news might also uncover communications between the FDIC and other regulators on the matter. The move follows Coinbase’s ongoing legal disputes with agencies like the SEC and FDIC, where it challenges their jurisdiction over the crypto industry.
Elon Musk and Coinbase CEO Support Pro-Crypto Senate Candidate
Elon Musk recently voiced support for pro-XRP attorney John Deaton, who is challenging Senator Elizabeth Warren in Massachusetts. Musk’s brief “YES” on social platform X joins Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse in endorsing Deaton. Armstrong highlighted Warren’s support of Gary Gensler’s SEC policies, which he claims restrict crypto innovation and favor government-controlled financial systems.
Meanwhile, Warren’s “anti-crypto” stance, which Armstrong argues hinders financial freedom, has made her a controversial figure in the industry. This endorsement from Musk and prominent crypto leaders emphasises growing political attention on crypto regulation and the industry’s future in the U.S.
Plus Wallet Introduces Unlimited Earnings on Swaps and Referrals
As a top crypto wallet, Plus Wallet empowers users to earn rewards directly from their crypto activity through Swap to Earn. Each time a user trades within the app, they earn a reward in USDT, a digital currency tied to the U.S. dollar, allowing users to steadily grow their holdings just by staying active. This feature transforms regular trading into an effortless way to earn, rewarding users with every transaction.
Plus Wallet users aren’t only rewarded for their activity; the Refer to Earn feature expands earning possibilities beyond personal trades. Users can refer friends and earn a portion of the rewards from every swap their referrals complete, turning each connection into a source of additional income.
Plus Wallet removes all earning restrictions, setting no limits on rewards from either swaps or referrals. As swap volume grows among users and their networks, earnings continue to increase without caps, making it easy to grow a consistent reward balance. For anyone seeking an accessible way to maximise their earnings, Plus Wallet is the go-to.
Key Takeaways
From Coinbase news on its push for regulatory transparency to Elon Musk’s endorsement of pro-crypto candidate John Deaton, the cryptocurrency industry faces key developments in regulation and support. Meanwhile, Plus Wallet offers an all-in-one solution for crypto enthusiasts, providing both secure storage and rewarding features.
Through its Swap to Earn and Refer to Earn programs, Plus Wallet turns everyday trading into an ongoing income opportunity. For those looking to grow their crypto holdings, Plus Wallet is a versatile choice in the market, delivering an accessible and rewarding experience.
Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/