https://youtu.be/0jJX19AC1y4,
The House Financial Services Committee has pushed back a scheduled vote on legislation that would create a comprehensive regulatory framework for stablecoins and trading of cryptocurrencies in the U.S. The committee debate and vote is now set for July 26. Meanwhile, SEC Chair Gary Gensler finally responds to devasting XRP loss in the Ripple v. SEC judge ruling.
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00:00 intro
00:31 Sponsor: iTrust Capital
01:02 Crypto Bills Vote July 26
02:37 Elizabeth Warren vs Crypto Over?
03:15 XRP
04:36 SEC Won't Appeal Case
06:11 Gary Gensler Speak on XRP Loss
09:18 Bitcoin News Updates
20:47 outro
What Is eCash (XEC)?
eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a “cryptocurrency that’s designed to be used as electronic cash.” eCash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. Instead of sending 0.00001000 BTC, you would send 10 bits with eCash. ECash integrates a proof-of-stake (PoS) consensus layer called “Avalanche,” which is not to be mistaken for the blockchain Avalanche (AVAX). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million.
The cryptocurrency’s developers have set their sights on three main improvements:
- Scaling transaction throughput from 100 transactions per second to more than five million transactions per second
- Improving the payment experience by reducing transaction finality time
- Extending the protocol and establishing fork-free upgrades
