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Court upholds ban that is shaking cryptocurrency world: 'Unduly discriminatory and unreasonable'

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Court upholds ban that is shaking cryptocurrency world: 'Unduly discriminatory and unreasonable'

The Canadian province of British Columbia has held firm in its stance against cryptocurrency, extending its restrictions against bitcoin mining into December.

According to CoinDesk, the BC Supreme Court upheld a ban early last year that the provincial government initiated in December 2022 after Conifex Timber — a forestry company that intended to begin mining operations in the province with the Tsay Keh Dene First Nation — challenged the moratorium.

“The total amount of megawatt-hours that would have been required to service all the interconnection requests from cryptocurrency operations in 2023 grossly exceeded the projections of BC Hydro,” the judge wrote.

A press release from the BC government following the initial ban stated that it paused 21 projects that requested 1,403 megawatts — equivalent to the energy needed to power approximately 570,000 homes in the region or charge 2.1 million electric vehicles.

Cryptocurrency advocates have pointed to the rising number of mining operations using renewable energy off the grid and to how the lucrative benefits of mining crypto flexibly can help to drive innovation, investment, and expansion of renewable energy and avoid wasting electricity. But for a region or country dealing with active threats to its energy grid, it may be harder to lean into that optimism until it is properly prepared to take advantage.

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“The temporary suspension will preserve BC’s electricity supply, while giving government and BC Hydro sufficient time to engage with industry and First Nations, and develop a permanent framework for any future cryptocurrency mining operations,” the statement reads.

BC originally imposed an 18-month restriction to preserve its supply of sustainable and affordable energy provided by its largest electricity utility, BC Hydro, which produces over 90% of its power from hydroelectric sources, per CoinDesk.

The provincial government also passed an update to the Energy Statutes Amendment Act in 2024 to allow the Cabinet to bypass the BC Utilities Commission, giving it direct authority over the energy allocation to the crypto industry.

While the government argued that “these amendments will enable the eventual implementation of a permanent policy,” Conifex Timber contended in court that the ruling was “unduly discriminatory and unreasonable.”

The ruling comes amid bitcoin’s surging value and Vancouver, BC’s most populous city, pushing to become a bitcoin-friendly city.

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Bitcoin has been an extremely divisive issue, with detractors noting its immense energy demands and resulting environmental impact. Its profitability and popularity have overburdened grids and even allegedly come at the cost of human health. 

Meanwhile, proponents have championed its creative potential in sustainability; for example, companies are utilizing the high temperatures its data centers produce to heat commercial and residential buildings. 

Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.

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New Cryptocurrency Pepeto Takes $10 Million as Solana Drops and Cardano Stays 92% Below Its Peak

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New Cryptocurrency Pepeto Takes  Million as Solana Drops and Cardano Stays 92% Below Its Peak

The Senate Banking Committee passed the Clarity Act in a 15 to 9 vote, giving crypto its first real regulatory framework from Washington. Bitcoin jumped to $82,000 on the news before dropping to $77,800, but the new cryptocurrency pulling the most capital right now is not on any major exchange yet. Pepeto https://pepetocoin.com/ has collected more than $10 million in a presale led by the same person who created the original Pepe coin, and the approaching Binance listing is where early wallets plan to collect.

New Cryptocurrency Interest Grows as the Clarity Act Clears Its First Senate Hurdle

The Clarity Act passed the Senate Banking Committee on May 14 in a bipartisan 15 to 9 vote, according to CNBC, marking the first wide ranging crypto regulation bill to clear a Senate panel. Bitcoin hit $82,000 on the vote before inflation data sent it down to $77,800, triggering $580 million in liquidations across crypto, as CoinDesk reported. The new cryptocurrency space benefits because the bill splits oversight between the SEC and CFTC, which clears the fog that kept serious capital on the sidelines.

Where Regulation Meets the Presale Entry That SOL and ADA Cannot Match

Pepeto: The Trading Hub That Protects Capital While Large Caps Bleed

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Speed decides everything in crypto, and a single candle can turn a winning position into a loss before most wallets notice. Tokens that climbed 10% on the Clarity Act vote gave it all back within hours when the inflation numbers landed. Wallets without the right tools to check what they are buying or move fast enough between chains end up watching others profit.

That exact gap is where Pepeto https://pepetocoin.com/ sits, and the trading hub fills it for every wallet that enters. This is not a project waiting to go live. Every tool runs today. Worried about a contract that could drain capital? The risk scorer reads the code and flags danger before a single token leaves. Need to transfer assets across chains without bridge fees? The cross chain bridge moves them at zero cost, so every dollar arrives whole.

The trading hub is shaped for speed and clarity at every level, and the cofounder behind the original Pepe coin built this from the ground up while SolidProof completed a full audit on every contract to make sure the money inside stays protected. Staking earns 172% APY while the listing draws closer.

Analysts project this new cryptocurrency at 100x to 300x from its presale entry of $0.0000001871, and that ceiling sits far above anything Solana or Cardano can offer from their current levels. More than $10 million in committed capital already sits in the presale, and the approaching Binance listing is what turns those positions into gains. That listing ends the presale permanently, and every day outside costs ground to the wallets already inside.

https://www.youtube.com/watch?v=gPX8yXeLk00

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Solana (SOL)

SOL trades at $87.26 after dropping 5% in a single session following the inflation selloff, according to CoinMarketCap. Goldman Sachs exited its Solana ETF position in Q1 2026, and even with the Firedancer upgrade moving forward, the $293 peak sits 71% above current levels. That math gives roughly 3.5x, which makes SOL a recovery play but not the new cryptocurrency entry that changes a portfolio.

Cardano (ADA)

ADA sits at $0.25 with a market cap that has barely moved since early 2026, according to CoinMarketCap. The chain remains 92% off its $3.10 peak, and no DEX on Cardano competes with the volume top exchanges handle. Even a return to $1 delivers roughly 4x, which is steady recovery but cannot compete with the multiplier a presale entry offers.

The Verdict

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The Clarity Act gives every new cryptocurrency a clearer path, and Bitcoin’s jump to $82,000 proved the market agrees. But the biggest returns never come from large caps that already ran. Analysts project Pepeto at 100x to 300x, and that number stays on the table while the presale remains open. Every cycle produces winners who entered during fear and collected during recovery, and the $10 million committed to Pepeto while the market dropped follows that same pattern. The Pepeto official website shows the window is still open, and the wallets entering now will be the ones everyone reads about when the listing hits.

Click To Visit Pepeto Website To Enter The Presale: https://pepetocoin.com/

FAQs

Is a new cryptocurrency like Pepeto safe to enter?

SolidProof audited every contract and the same person who built the original Pepe coin leads this project. More than $10 million committed in a bearish market confirms the conviction behind it.

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Which new cryptocurrency gains most from the Clarity Act?

Pepeto’s approaching Binance listing and working tools position it as the new cryptocurrency set to benefit most as clearer regulation pulls fresh capital into presales.

How does Pepeto compare to SOL and ADA for returns?

SOL offers roughly 3.5x to its peak and ADA about 4x from here. The Pepeto official website shows a presale entry where analysts project 100x to 300x returns from the current price.

Disclaimer:

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The material presented here is for informational purposes only and does not represent financial advice. Cryptocurrency investments involve high levels of volatility and risk, including the potential loss of your initial investment. Always consult a licensed advisor or conduct independent research.

Contact: Dani Bonocci

Website: https://www.tokenwire.io

Phone: +971586738991

SOURCE: Pepeto

Press release distribution

This release was published on openPR.

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Community Is King: Why Wadoozie Is Ditching Online Hype for Real-World Participation

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Community Is King: Why Wadoozie Is Ditching Online Hype for Real-World Participation

This episode features two guests from the Wadoozie team. The project is led by Mr. Wadoozie, Senior Internet Architect Engineer of Software, who brings more than a decade of experience in the cryptocurrency industry. He is joined on this episode by Tay, Operations Manager, who has a background in marketing and management and has run operations for multiple crypto projects.

The token launches with a roughly one billion effective supply (two billion minted, 999,999,999 burned at launch), 0% buy/sell tax, a DAO-governed locked liquidity pool, and a renounced contract — every parameter publicly verifiable on Etherscan and audited by CertiK.

At the center is Wadoozie himself: a returning signal that takes a character’s form, traveling the country by tour bus to “activate” each state as a node in a fractured cultural network the mythology calls The Feed. The mission is structured as eight narrative Acts opening with the Austin Flagship and closing back in New Orleans, with seven Flagship cities — Austin, Los Angeles, Las Vegas, Chicago, NYC, Miami, and Nashville — anchoring the arc across roughly four and a half months. After the 48 states wrap, the network expands to Europe.

About Our Guests

Mr. Wadoozie is the Senior Internet Architect Engineer of Software on the project, with more than a decade of experience in the cryptocurrency industry. He sits at the center of the mission — the returning signal that takes a character’s form, traveling the country by tour bus to activate each U.S. state as a node in a fractured cultural network the mythology calls The Feed.

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Tay is the Operations Manager at Wadoozie, with a background in marketing and management and prior operations experience across multiple crypto projects. Tay runs the @wadoozie X account and sets the public voice of the mission as the network activates one state at a time. On this episode Tay represents the operational side of the project — the people moving the bus, dropping the Signal Fragments, and building out the Publishers Network across the 48-state route.

To learn more about the project visit Wadoozie.com, and follow the team on X, Telegram or Discord.


The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance ( DeFi), NFTs and the Metaverse. Follow us on iTunes or Spotify.


This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.

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EU Reconsiders MiCA Regulation as Crypto Evolves | PYMNTS.com

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EU Reconsiders MiCA Regulation as Crypto Evolves | PYMNTS.com

European regulators want to know if their 2024 cryptocurrency regulations still apply to the 2026 crypto landscape.

With that in mind, the European Commission announced Wednesday (May 20) that it has launched a consultation to get feedback from stakeholders and the general public on the functioning of the Markets in Crypto‑Assets Regulation (MiCA).

“As crypto asset markets and the broader policy landscape continue to expand, the commission is assessing whether the current framework remains fit for purpose,” the announcement said.

MiCA created a “harmonized” EU framework for crypto assets and related services, governing things like cryptocurrency asset‑referenced tokens and stablecoins, their issuers, and crypto asset service providers.

“Since the MiCA Regulation was developed, digital asset markets have continued to evolve, with the global policy and regulatory landscape also changing significantly,” the commission added, leading it to assess “whether the EU framework needs to be updated in light of market and international developments.”

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As covered here last month, MiCA is on the verge of a moment where it “stops being theory and becomes market structure.”

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That’s because of a July 1 deadline which says that all firms offering crypto asset services in the EU without formal authorization must close operations in member states.

The consultation, open until Aug. 31, includes a public consultation for individuals and a targeted consultation asking technical and legal questions of stakeholders that include digital asset issuers and service providers, financial institutions, consumer and public interest organizations, and EU public authorities.

One of the changes in crypto’s regulatory landscape is happening in the U.S., where lawmakers are preparing to take up the CLARITY Act after it was advanced last week by the Senate Banking Committee.

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As PYMNTS wrote, that vote was “one of the most consequential regulatory developments for digital assets since the collapse of FTX reignited demands for federal oversight.”

While still facing political and procedural obstacles, the legislation signals a growing bipartisan acknowledgment that what was once seen as a fringe or adversarial sector is now viewed as a strategic financial and technological industry.

“The market response demonstrates how central regulatory clarity has become to crypto valuations,” the report added. “Coinbase shares rallied after the Senate Banking Committee advanced the bill, while broader crypto-linked equities also moved higher as investors price in the possibility that stablecoins and digital assets may soon operate inside a more predictable U.S. regulatory framework.”

 

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