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Member of St. Maarten’s Parliament plans to have his entire salary paid in Bitcoin Cash

Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash

On Saturday Rolando Brison (leader of the United People’s Party, member of St. Maarten’s Parlament) announced that he’s the first elected official who requested his entire salary to be paid in bitcoin cash. Brison believes that St. Maarten could be the “Crypto capital of the Caribbean” if it continues to embrace cryptocurrency technology and blockchain solutions.

MP Wants St. Maarten to Become the ‘Crypto Capital of the Caribbean’

While El Salvador is known for its bitcoin tender law, the Caribbean has become a hotbed for cryptocurrency adoption and more specifically with bitcoin cash (BCH). Data from map.bitcoin.com shows there are currently hundreds of merchants in the Caribbean accepting BCH for goods and services. On March 19, a member of St. Maarten’s Parliament and the leader of the United People’s Party (UP Party St. Maarten), Rolando Brison, announced that he is receiving his entire salary in bitcoin cash (BCH).

The government official believes St. Maarten should continue to explore the “ever-growing cryptocurrency phenomenon.” Brison stated that he had asked St. Maarten’s finance Minister Ardwell Irion for an update on his plans for blockchain technology in government. Brison stated that St. Maarten could be the “Crypto Capital” of the Caribbean if it continues to innovate and embrace blockchain technology.

Brison Is ‘Exploring Legislation in Order to Make Bitcoin Cash Legal Tender in St. Maarten’

The elected official from St. Maarten stated on Twitter that he was first to receive his entire salary in cryptocurrency asset payments. “Today I become to first elected official in the world to have his entire salary paid in bitcoin cash, as our country moves more and more to making use of cryptocurrency and blockchain,” Brison tweeted. “Thanks [Roger Ver], for your guidance in making St Maarten the Crypto capital of the Caribbean,” the leader of the St. Maarten UP Party added.

Brison mentioned that St. Maarten’s finance Minister had stated that blockchain adoption and crypto were a top priority in research last year. Brison said that he was grateful for the ideas of the finance minister to move toward innovation. Leader of the UP Party stated that legislation on cryptocurrency and blockchain was needed.

” While we must improve our commercial banking legacy by way of my proposed consumer bank legislation, we simultaneously have to create legislation to make cryptocurrency transactions more efficient and worthwhile in St. Maarten,” Brison said. The member of St. Maarten’s Parliament added that he has started to explore legislation to make bitcoin cash (BCH) legal tender in the country. Furthermore, Brison aims to get BCH and non-fungible token (NFT) transactions exempt from St. Maarten’s capital gains tax.

” The concept of “Money” has experienced and will continue experiencing a wave innovation, the elected official from St. Maarten said. “This innovation occurs as we, as a country, and as parliamentarians, are confronted with more questions about how to adapt our local currency (E)commerce for the digital age.” The answer is right in front of you – Bitcoin Cash

What do you think about the St. Maarten UP Party leader and Parliament member Rolando Brison getting his entire salary paid in bitcoin cash? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or related to the use or reliance of any content, goods, or services in this article.

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Vote postponed to renominate SEC commissioner Caroline Crenshaw

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been…


US SEC Commissioner Jaime Lizárraga to resign in January

  • Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw”
  • The vote was postponed minutes before it was due to begin by Brown
  • No date has been set for Crenshaw’s renomination

A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed.

The vote was originally scheduled on December 11; however, it was postponed minutes before it was due to begin, reports Bloomberg. Sherrod Brown, the Senate Banking Committee chair, delayed the vote. When Brown requested the vote occur later that day, Republican senators blocked his request.

Brown later released a statement saying that corporate special interests are running a “disgusting smear campaign against Caroline Crenshaw.”

No date has been set for her renomination.

Earlier this week, crypto and blockchain advocacy groups voiced their opposition to Crenshaw’s renomination.

In a letter to Brown and Senate Banking Committee Ranking Member Tim Scott, the Blockchain Association and the DeFi Education Fund argued that Crenshaw’s actions have undermined Congress’s mandate to establish clear regulatory policies for the crypto industry.

In their letter, they mention Crenshaw’s “continued opposition to the approval of a spot Bitcoin ETP.”

Following the news of Crenshaw’s reappointment, Brian Armstrong, CEO of Coinbase, took to X to say: “She tried to block the Bitcoin ETFs, and was worse than Gensler on some issues (which I didn’t think was possible).”

A Republican-majority SEC?

The delay to Crenshaw’s renomination opens up the possibility of a three-person Republican SEC once Donald Trump enters the White House in January. Crenshaw’s term at the SEC officially ended in June; however, if she’s renominated she would be the only Democratic SEC commissioner.

The SEC can make up to five commissioners, but no more than three can form the same political party. Current SEC chair Gary Gensler, a Democrat, is stepping down on January 20, and SEC Commissioner Jaime Lizárraga, also a Democrat, will step down on January 17.

Last week, Trump nominated pro-crypto Paul Atkins, a Republican, as chair of the SEC.

Including Gensler and Lizárraga, the three remaining SEC commissioners include Republicans Hester Peirce and Mark Uyeda.


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Australia fines Kraken operator $5 million for non-compliance

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations. Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for…


Kraken shutting down its NFT marketplace just a year after its launch

  • Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements.
  • The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.

Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for non-compliance with Australian regulations.

The Australian federal court fined Bit Trade following a lawsuit by the Australian Securities and Investment Commission. In its order, the court said that the Kraken crypto exchange operator must comply with the country’s crypto regulations.

The court ordered that the exchange ought to pay 8 million Australian dollars as a penalty for non-compliance with the local regulations. Notably, Kraken recently announced a licensed broker offering for clients in Australia.

Bit Trade failed to comply with regulations

In August this year, the court ruled in favour of the Australian Securities and Investment Commission. The regulator had filed a case accusing Bit Trade of issuing a credit facility without following the legal proceedings.

ASIC argued that Bit Trade did not make the target market determination, a requirement to protect investors. Between October 2021 and August 2023, ASIC stated that the firm offered a margin extension to 1,100 users which cost them a loss of over $5.2 million without following the legal requirements.

The market regulator’s demand was Bit Trade to pay a fine worth 20 million Australian dollars. On their argument, Bit Trade put their limit to a maximum of four million Australian dollars. The penalty follows these proceedings, and the Kraken operator in Australia has 60 days to comply with the order.

In addition, the firm would cover for all the commissions court proceedings costs.

Kraken has faced regulatory hurdles in the US too, with the Securities and Exchange Commission (SEC), suing the exchange earlier in November 2023.

SEC’s allegations include Kraken offering of unregistered activities and operating as an unregistered broker. In August 2024, a US court denied the exchange’s motion that sought to dismiss the SEC’s lawsuit.


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Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Michael Saylor has met with Salvadoran President Bukele to discuss accelerating global bitcoin adoption as El Salvador strengthens its position, continuing to accumulate bitcoin despite IMF-driven policy adjustments. Michael Saylor Meets Nayib Bukele to Discuss Bitcoin Strategy Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb…
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