FameEX Morning Crypto News Recap | July 27, 2023

Congressional Committee's Approval of Crypto Bills Brings 'Huge Win' for US Crypto Community
The Financial Innovation and Technology for the 21st Century Act has been approved by the House Financial Services Committee in a 35-15 vote. The legislation outlines registration guidelines for crypto companies, allowing them to choose between the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC) for compliance.

White House Confirms Partners are Allowed to Seek BRICS Membership According to US Policy
The White House clarifies that U.S. policy allows partners to engage with other nations, including BRICS, without choosing sides. Press Secretary Karine Jean-Pierre emphasizes a non-restrictive approach to countries' partnerships. More than 40 countries express interest in joining BRICS, and around 70 leaders are invited to the upcoming August summit.

Renowned Investor Tim Draper Predicts Bitcoin's Ascendancy Over Fiat Currencies and Traditional Banking
Tim Draper, a leading bitcoin investor and venture capitalist, envisions bitcoin as a formidable global competitor to fiat currencies. In a recent Fox News interview, he emphasized the cryptocurrency's inherent security and superiority over traditional banking and government-controlled money.

Vladimir Putin Envisions a 'More Just' Multipolar World Order on the Horizon
In a recent article, Russian President Vladimir Putin explores the potential of a new multipolar world order, where regions like Africa, the Middle East, and Latin America can take on roles in a "more just and democratic" global framework.

Global Crypto ATMs Experience Rebound in Growth After Slump in Early 2023
Over the last four months, global crypto ATM installations have rebounded after a decline of over 5,000 ATMs in early 2023. Notably, May saw a significant bounce-back with the addition of 1,692 new crypto ATMs.

Auradine Launches Teraflux: A Fresh Series of US-Crafted Bitcoin Mining Rigs Providing up to 270 TH/s
Auradine, a newcomer in blockchain infrastructure, unveils its Teraflux series of bitcoin mining rigs powered by application-specific integrated circuits (ASICs). The machines boast impressive hashrates, ranging from 185 TH/s to 270 TH/s, as disclosed in a press release on July 25, 2023.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.