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This news item is part of the weekly top 5 news bulletin (from Week 1, Aug 22) specially packaged for leaders of Nonprofits, Churches, and Faith-based Social Ventures.

[Web3] US firms up its Crypto-regulation plans with CFTC restructuring: Connected Church News

In our Web3 news today, we look at how the United States (US) is firming up its crypto regulation plans by restructuring the operations of CFTC. CFTC is Commodities and Futures Trading Commission. The chief of CFTC spoke at the Brookings Institute event last week, and he shared the steps that they are taking, which includes setting up of a new Office of Technology Innovation. They are hiring specialists in the field, and they’re also getting the CFTC staff to work on rotation, to get exposed to crypto technology.But out of all those announcements, which we will link to, in the show notes, I liked his quote which says”we are past the incubator stage…” he is talking about web3 and crypto, “…and digital assets and decentralized technologies have outgrown their sandboxes.” There you have it. The announcement that Web3 has outgrown its sandbox, and it’s ready for utility. It’s very interesting to see how Governments are looking at regulation steps

Here is the full list of the Top 5 News Items from Week 1, August 2022 with source links from Instagram, TikTok, Facebook, LinkedIn, Crypto, Web3.

🗞️ News 1: LinkedIn launches native carousel post options with images & videos

Source: LinkedIn

🗞️ News 2: Facebook splits newsfeed to showcase new & existing network posts

Source: Facebook

🗞️ News 3: TikTok releases new caption & translation tools with multiple languages

Source: TikTok

🗞️ News 4: Instagram announces that all new videos posts will be shared as Reels

Source: Instagram

🗞️ News 5: [Web3] US firms up its Crypto-regulation plans with CFTC restructuring

Source: Brookings | Decrypto

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