| Інсайти HTX

CoinDeskPolicyОпубліковано о 2024-04-23Востаннє оновлено о 2024-04-24

Анотація

The favorite to win, Mexico City’s former Mayor Claudia Sheinbaum, is expected to remain aligned with her party’s previous position on crypto, one that focuses more on protect...

In Mexico's coming election, cartel violence, corruption and migration push any chance of crypto becoming an election issue to the sidelines.
Voting in Mexico will take place on June 2, with results expected between June 5 to June 8.

5.4K

Mexico is poised to have its biggest election ever in a few weeks, with 100 million voters choosing 628 elected officials, thousands of local officials and the president. And crypto issues will remain on the sidelines during the campaign.

The future of crypto will be determined by which party and presidential candidate takes over from President Andres Manuel Lopez Obrador, who cannot run again under the constitution.

The three way battle for the presidency falls between Mexico City’s former mayor Claudia Sheinbaum fielded by the ruling left-wing Morena party, Senator Xóchitl Gálvez from the Strength and Heart for Mexico coalition and former legislative deputy Jorge Álvarez Máynez of the Citizen Movement party.

According to the polls, Sheinbaum is the favorite to win the presidency, with Gálvez and Máynez respectively a distant second and third.

Sheinbaum has indicated that the economic-integration between the U.S. and Mexico is such that whoever, Donald Trump or Joe Biden, comes to power, she’s confident of having a good relationship with both, if she came to power. Mexico is the largest market for remittances from the U.S. Her party’s government has so far kept crypto on the sidelines of financial integration, imposing a 20% tax on crypto gains, but without comprehensive legislation. A fintech law and other regulations require cryptocurrency exchanges in the nation to be registered under global requirements for anti-money laundering and terror financing.

Sheinbaum’s party has been projecting a focus on regulating blockchain to make the technology and ecosystem more secure.

In the unlikely event that any of the other contenders come to power, crypto still may not be front and center as a priority. Mexico has seen dozens of candidates murdered in the build up to this election reflecting cartel violence is one of the leading issues among corruption and migration

Still Gálvez and Álvarez Máynez’s party, have in separate ways, advocated for using blockchain to fight corruption in government and the real state sector, said Pavel Salas, chief growth officer at Gear.

Edited by Nikhilesh De.

Пов'язані матеріали

a16z: Scaling AI Without Cryptographic Verification Is a Dangerous Liability

A16z argues that scaling AI without cryptographic verification is a dangerous liability. As AI agents rapidly evolve from tools into autonomous economic participants, they currently lack standardized, portable identities, verifiable permissions, and programmable payment methods. This creates systemic risks in an economy where non-human entities already vastly outnumber human users in sectors like finance. Blockchain infrastructure offers a solution by providing a neutral coordination layer. It enables verifiable, on-chain credentials for agent identity (a "Know Your Agent" standard), ensures transparent governance to prevent centralized control of AI systems, and facilitates native payments through stablecoins and emerging markets for AI-to-AI commerce. Without cryptographic guarantees—such as auditable transaction records, constrained agent behavior, and proof of origin—scaling AI agents accumulates unmanaged risk. Trust deficit, not intelligence, becomes the bottleneck. The authors conclude that cryptographic verification is essential to maintain user control, ensure accountability, and safely delegate economic activity to autonomous systems.

marsbit7 хв тому

a16z: Scaling AI Without Cryptographic Verification Is a Dangerous Liability

marsbit7 хв тому

SpaceX and OpenAI Are About to Go Public, Your Index Fund Might Be Forced to 'Buy at the Peak'

The imminent mega-IPOs of companies like SpaceX and OpenAI pose a significant risk to index fund investors, who may be forced to buy these overvalued stocks at peak prices. Index funds, designed to replicate market performance, must purchase new listings once they are included in major indices, often through "fast entry" rules that allow inclusion within days. This creates a hidden cost: hedge funds and other intermediaries front-run these predictable purchases, driving up prices before the inclusion date, after which the shares typically underperform. Historical data shows that IPOs, especially those with low float (like SpaceX’s planned <5% float), tend to dramatically underperform the market over time. High valuations, low float, and forced buying during index rebalancing result in a performance drag for passive investors, effectively acting as a hidden tax. Attempting to invest pre-IPO via private markets is also risky due to survivor bias, high fees, and liquidity issues. For index investors, this costly mechanism is an unavoidable aspect of passive investing.

marsbit21 хв тому

SpaceX and OpenAI Are About to Go Public, Your Index Fund Might Be Forced to 'Buy at the Peak'

marsbit21 хв тому

Russia Advances Bill To Regulate Crypto Market, Eyes July 1st Implementation

Russia has advanced a key crypto bill, "On Digital Currency and Digital Rights," through its first parliamentary reading, aiming to establish a regulatory framework by July 1, 2026. The legislation recognizes digital assets as property and grants the Central Bank of Russia authority to license and oversee the market, permitting only licensed entities like exchanges and brokers to operate. It prohibits using crypto for domestic payments but allows it for cross-border settlements to bypass sanctions. The bill also introduces investor protection measures, including annual purchase limits for non-qualified investors and stricter oversight of mining activities.

bitcoinist30 хв тому

Russia Advances Bill To Regulate Crypto Market, Eyes July 1st Implementation

bitcoinist30 хв тому

GSR Launches Multi-Asset Crypto ETF With Staking Yields

GSR, an institutional crypto trading platform, has launched its first crypto exchange-traded fund, the Crypto Core3 ETF (BESO), which began trading on Nasdaq. The fund provides exposure to Bitcoin, Ethereum, and Solana and offers staking yields, along with a dynamic allocation strategy to maximize returns. On its first trading day, BESO saw approximately $4.8 million in activity. The ETF charges a 1% management fee and will rebalance its allocations weekly based on research-driven signals. GSR, founded by ex-Goldman Sachs traders, aims to reach more investors through this entry into the crypto ETF market, which has seen growing interest from major financial firms like Morgan Stanley and Goldman Sachs.

TheNewsCrypto1 год тому

GSR Launches Multi-Asset Crypto ETF With Staking Yields

TheNewsCrypto1 год тому

Yao Shunyu's 88 Days

Yao Shunyu, a 27-year-old AI expert with a background from Princeton and OpenAI, joined Tencent in September 2025. Within 88 days, he led a major overhaul of Tencent’s AI strategy and organization, resulting in the release of Hunyuan Hy3 preview—a MoE model with 295B total parameters and 21B active parameters, supporting up to 256K context length. The launch came after Tencent leadership, including CEO Ma Huateng and President Martin Lau, openly criticized Hunyuan's earlier underperformance—citing slow development, over-reliance on superficial benchmark optimization, and poor generalization in real-world applications. Internal adoption was low, with key business units like WeChat and gaming seeking external AI solutions. Yao reshaped Tencent’s AI approach by integrating previously siloed teams, dissolving the ten-year-old Tencent AI Lab, and establishing new units focused on AI infrastructure and data. Hy3 preview was developed using co-design principles, closely aligned with product teams to ensure practical usability from the start. It has already been integrated into core products like Yuanbao, QQ, and enterprise tools. The release signals a shift from chasing rankings to building usable, scalable AI grounded in Tencent’s ecosystem. While external partnerships (like with DeepSeek and OpenClaw) helped retain users temporarily, the focus is now on making Hunyuan a reliable internal foundation. The real test lies in sustaining this new organizational momentum amid fierce competition from Alibaba, DeepSeek, and others.

marsbit2 год тому

marsbit2 год тому

Торгівля

Спот

Ф'ючерси