The Biggest Threat to Crypto at DAVOS: A Revolt Against ESG? Find Out Why!

The ESG (environmental, social and governance) rating system is being criticized for potentially being more about controlling society and making money than safeguarding the environment. The system, which acts as a sort of social credit system, may effectively ban small farmers in America from working, as the SEC has proposed a rule that would require them to report their Scope 3 greenhouse gas emissions in order to do business with larger companies. Meanwhile, Paraguay has approved a legal framework to unleash crypto and crypto mining following in the footsteps of countries such as El Salvador and Brazil. It aims to become an international hub for miners due to its low electricity costs.

The SEC and ESG Weaponize Policy Against the People

ESG Scores and Social Credit Systems

The ESG ratings, which stands for environmental, social, and governance, act as a social credit system with one-third of all investments under management using ESG criteria. However, recent actions have shown that it may be more about controlling society and making money rather than truly considering how a company safeguards the environment. Tesla was removed from the S&P 500 index while Exxon oil company remained in the top 10 which prompted Elon Musk to call them a scam.

The SEC and ESG’s Proposal

The SEC has proposed an ESG rule that requires small farms to report their Scope 3 greenhouse gas emissions, which may effectively ban small farmers from working unless they spend time and money on tracking data. SEC Chair Gary Gensler defends this proposal, stating that it provides investors with consistent, comparable, and decision-useful information for making their investment.

The Ripple Case and XRP Whales

The SEC has been granted a time extension to oppose the status of the six XRP HODLers who want to tell the court how the ongoing case has hurt them as investors. Ripple’s top lawyer says it might not end until 2023. However, XRP whales are accumulating, and the total supply has recently hit a two-month high. Brad Garlinghouse even stated that they are considering an IPO to take the company public once the case is over.

Paraguay’s Legal Framework for Crypto and Mining

Paraguay has approved the legal framework to greenlight crypto and crypto mining with the aim to become an international hub for miners since their electricity costs are the lowest in all of Latin America.

The Importance of Developing a Long-Term Mindset in Crypto

Despite the current state of the market and the fear that surrounds it, the importance of developing a long-term mindset cannot be stressed enough. Crypto is here to stay and will be responsible for innovating the future for everything. It’s not about where we’re at but where we’re going.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Discover the 3 Lowcap Gaming Cryptos Set to Explode in 2023!

In this video, the creator discusses three low-cap gaming projects that they believe will do well in the future. The first is Nakamoto Games, a browser-based game with action, shooting, sport, and simple...

Discover the 3 Altcoins That Will Help Ethereum Dominate Enterprise! When?

Blockchain firm ConsenSys has launched an open-source middleware initiative aimed at enabling secure and private business processes on the Ethereum blockchain. The Baseline Protocol is built with cryptography,...

"Find Out If Ivan Was Convinced by Roger! Discover How a Programmer Explains the 51% Attack Cost."

In the latest episode of Good Morning Crypto, host Ivan on Tech discusses Bitcoin Cash with Roger Ver, also known as “Bcash”, as well as a range of other topics. Ver’s appearance sparked...

Could this be the beginning of the end for BlackRock?

BlackRock is the world’s largest asset manager with $8 trillion in assets, and its ESG investment ideology has come under scrutiny due to its impact on individuals and institutions. ESG stands for...

NFL Rivals Web3 Release: What You Need to Know About Mythical Games and CCO Jamie Jackson on Blockchain Interviews

MythicalGames is a company that builds a platform where developers can add blockchains and marketplaces to games. Their goal is to change the fundamental players of owning something and bring blockchain...

Discover the Latest Update on 6 Altcoins Making Waves! 🌊 (Including Solana, Polkadot, and Pepe)

Solana Labs, the core contributors to the Solana blockchain, is launching an AI-based plugin that lets users search the blockchain via OpenAI’s chatbot technology. The chat GPT plugin will let users...

Discover Nucleon and Unveil the Promising Future of Liquid Staking!

Nucleon is a project developed on the Conflux Network, offering a solution to the problem that arises in liquid staking. Liquid staking allows asset holders to earn yield without locking their assets....

Unbelievable 🀯 Growth Acceleration πŸ“ˆ - Years of Development in Weeks πŸš€ (Incredible Upheaval!)

Recent technological breakthroughs, including AI, have led us into an age of exponential growth, where advancements that used to take 10 years can now take only months. This applies to blockchain and cryptocurrency...

Prepare for Chaos: Crypto's Next Move Will Blow Your Mind!

The video discusses the current rise of Bitcoin and its potential impact on the cryptocurrency market. The narrator also analyzes the movements of whales in the market and provides updates on altcoins...

Is Getting Free Money through Crypto Airdrops Possible? #crypto #airdrop #defi #passiveincome

Airdrops are a legitimate marketing strategy for projects that cannot spend money on traditional marketing avenues such as ads due to potential regulatory issues. Airdrops are a way to attract users to...
Load More

Comments

Comments

Coming Soon

Subscribe and be the first to know about the launch

Look at our roadmap

AND FOLLOW
Share
Twitter
Telegram
Facebook
LinkedIn
Reddit
Email

Thanks for subscribing

You will only receive important notifications
For now, follow to our social networks