FameEX Morning Crypto News Recap | July 27, 2023

US Crypto Celebrates 'Huge Win' as Crypto Bills Clear Congressional Committee
The House Financial Services Committee has given a green light to the Financial Innovation and Technology for the 21st Century Act with a 35-15 vote. The approved legislation sets guidelines for crypto companies regarding registration with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

White House Affirms US Policy Permits Partners to Pursue BRICS Membership
The White House states that U.S. policy does not require partners to pick between the U.S. and other nations, including BRICS. Press Secretary Karine Jean-Pierre emphasizes that the U.S. does not aim to restrict countries' partnerships. Over 40 countries have shown interest in joining BRICS, and about 70 leaders have received invitations to the upcoming economic bloc summit in August.

Tim Draper Forecasts Bitcoin to Surpass Fiat Currencies, Emphasizing Superiority Over Traditional Banking
Tim Draper, a prominent bitcoin investor and venture capitalist, envisions a future where bitcoin becomes a strong rival to fiat currencies worldwide. In a recent Fox News interview, he highlighted bitcoin's inherent security and superiority over traditional banking and government-controlled fiat currencies.

Russian President Vladimir Putin Envisions 'More Just' Emergent Multipolar World Order
Russian President Vladimir Putin discussed the prospects of a new multipolar world order in a recent article. He believes that this configuration will enable various regions, including Africa, the Middle East, and Latin America, to assume their roles in a "more just and democratic" global framework.

Resurgence of Global Crypto ATMs: Net Growth Rebounds After Early 2023 Slump
After a decline of over 5,000 crypto ATMs in the first four months of 2023, the past four months have seen a resurgence in global installations. May alone witnessed a bounce-back with 1,692 new crypto ATM installations.

Auradine Introduces Teraflux: A New Line of US-Crafted Bitcoin Mining Rigs Offering Up to 270 TH/s
Auradine, a new player in the blockchain infrastructure industry, has announced its entry into the application-specific integrated circuit (ASIC) bitcoin mining market with the Teraflux series of mining rigs. The new machines offer impressive hashrates ranging from 185 TH/s to 270 TH/s, as revealed in a press release on July 25, 2023.

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