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USDC's 'Black Swan' Depegging Could Have Been Avoided With Proper Regulatory Framework
13.3.2023
Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
10.3.2023
Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington
House Republicans directly criticize Biden administration for digital asset policies
9.3.2023
"Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members
Biden Administration Proposes Major Changes to Crypto Taxation – Here's What You Need to Know
9.3.2023
US President Joe Biden has proposed major changes to the tax rules surrounding crypto, but the plan first have to be negotiated and approved by Republican-controlled Congress.
Biden’s proposal on crypto taxes is part of his budget plan for the 2024 fiscal year, which is expected to be unveiled...
White House 'aware of the situation’ at Silvergate, says spokeswoman
7.3.2023
The spokeswoman said that she won’t be commenting specifically on Silvergate, but the White House will be actively monitoring the situation
Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?
1.3.2023
A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies.
During a Tuesday Senate Banking Committee hearing, Daleep Singh, a former deputy national security adviser...
Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar
1.3.2023
A recent top economic advisor for President Joe Biden, Daleep Singh, told U.S. senators on Tuesday that the administration was in active pursuit of a digital dollar as a means to crowd out private cryptocurrencies that enable ransomware and sanctions violations
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
29.1.2023
The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation...
Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout
25.1.2023
The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX’s Australian subsidiary went into administration
Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy
24.1.2023
A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today....
Tucker Carlson outlines wild theory to explain Bitcoin price rise: 'Maximum tin foil'
18.1.2023
Members of Crypto Twitter were quick to mock Tucker Carlson, who provided no supporting evidence to back his claims
Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS
13.1.2023
Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency...
FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention
12.1.2023
While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin...
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products
31.12.2022
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity’s Crypto and Metaverse Trademark...
Forget CBDCs, Here’s Where the Biden Administration Needs to Focus in 2023
14.12.2022
Rather than centralizing the digital dollar, lawmakers should focus on exploring a decentralized identification program and develop financial literacy programs for the general public
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
9.12.2022
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential...
Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks
30.11.2022
The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking