Hodler's Digest, June 18-24: Square Receives the Illusive BitLicense, Bithumb Hacked in this Week of Crypto Ups and Downs

Crypto enthusiast John McAfee of McAfee Anti-Virus Software and the McAfee Redemption Token will no longer be promoting or working with ICOs due to "Threats" from the U.S. Securities and Exchange Commission.

Goldman Sachs CEO Thinks Crypto Adoption Could Mirror That of Paper Fiat.Lloyd Blankfein, the CEO of Goldman Sachs, said in an interview that the adoption of cryptocurrencies like Bitcoin could occur similarly to how the adoption of paper money replaced gold and silver coins.

The developmental-stage stablecoin, "Reserve," closed their intentionally small seed round this week for a crypto asset that would lock up other crypto assets in a smart contract to provide the backing and stabilization the Reserve token.

"Due to SEC threats, I am no longer working with ICOs nor am I recommending them, and those doing ICOs can all look forward to arrest. It is unjust but it is reality," - crypto enthusiast John McAfee, who had charged $105,000 per promotional crypto tweet.

The notice does state that crypto is not a "Real currency" or "Legal tender," and will be treated as "Other forms of securities."

Free Speech Non-Profit Adds Crypto Donation Options, Immediately Receives 1,000 ETH.The Freedom of the Press Foundation, a nonprofit aimed at supporting free speech in the media, has begun accepting Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and ZCash.

On the first day of the addition of a donate crypto option, the nonprofit received a 1,000 ETH donation from decentralized message routing network Mainframe.

The crypto markets are continuing to fall, with Bitcoin now below $6,000, ETH close to $400, and total market cap around $238 billion.

For more info on crypto prices, make sure to read Cointelegraph's market analysis.

CBOE Global Markets President Predicts Regulatory Reckoning For ICOs.According to Chris Concannon, the president of CBOE Global Markets, the crypto markets will soon see a crypto regulatory crackdown in two waves: the SEC will first classify ICOs as unregistered securities, rendering investors holding worthless, and then class-action lawsuits will overwhelm the companies behind the ICO projects.