Daily Crypto NewsEDITION #1196, 02 May

Musk is doing crazy stuff again

On this day, May 5, 1949, representatives of 10 countries signed the Statute of the Council of Europe in London.

And now they’re actively trying to suppress crypto. Yeah... If only they knew where Europe would end up back then.

Major news today:

- Elon changed his profile name on X from Elon Musk to gorklon rust

- Katie Hobbs — Governor of Arizona — vetoed the legislation on a strategic $BTC reserve.

Despite passing both the House and Senate, she deemed $BTC an unverified investment.

The main reasons cited:

“inadequate anti-money laundering provisions, national security concerns, and risks to the financial system.”

Also over the weekend, a new version of the stablecoin law in the U.S. was rejected by as many as 10 senators.

- Pavel Durov announced ultra-secure group calls on Telegram, protected by blockchain technology.