White house Financial News

29.05 / 01:27

Government regulation us government white house policies 7 presidential candidates have dropped clues about their crypto stance

In late 2024, citizens of the United States will take to the voting booths to elect their next president — a four-year term that could have a vast impact on the next crypto bull run.

12.05 / 17:59

regulation Federal Reserve white house policies Reserve President Biden announces nominations for key positions at Federal Reserve

United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair.

08.05 / 20:33

Mining regulation white house Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers multiple benefits and opportunities for our society.”

05.05 / 15:35

Mining regulation white house Taxes Electricity Bitcoin Will Biden's plan to tax crypto mining reduce emissions? Critics say no

Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decrease global emissions and energy prices.

05.05 / 10:37

Blockchain regulation white house DLT International White House to build international standards for DLT

In the United States, the White House released the national standards strategy for key and emerging technologies on May 4, identifying eight technology sectors that will have a significant economic impact in the near future.

05.05 / 06:17

business regulation Microsoft Google white house US vice president gathers top tech CEOs to discuss dangers of AI

The United States vice president and President Biden’s top advisors have held a meeting with several AI industry CEOs to discuss “concerns about the risks associated with AI.”

04.05 / 21:35

Government regulation us government white house AML Digital Asset KYC New White House standards strategy could have implications for crypto industry KYC

The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.”

03.05 / 21:45

white house Republican U.S. Congressmen Demand Answers on the Biden Administration’s Crypto Stance

U.S. Congressional Republican lawmakers demanded answers from the White House’s Council of Economic Advisers about the council’s “rationale” on issues ranging from legislation to central bank digital currencies.

03.05 / 19:53

white house crypto mining FDIC Democratic Presidential Candidate Robert F. Kennedy Jr. Says It Is a “Mistake” To Hinder Crypto

Democratic presidential candidate Robert F. Kennedy Jr. has taken to Twitter over the past day or so to air his thoughts about cryptocurrency regulation.

03.05 / 16:55

Mining white house Tax Taxes White House Council Reignites 30 Percent Tax on Crypto Mining

The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.

23.04 / 06:19

coinbase Report Bloomberg white house Meta Platforms Meta Ceo Bitcoin Biden's comms director barred from former crypto clients: Report

United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation.

15.04 / 21:45

Stablecoin Adoption regulation white house U.S. Congress to introduce new draft bill for stablecoins

A new draft bill providing a framework for stablecoins in the United States was published on the House of Representatives' document repository, a few days before a hearing on the topic on April 19. The draft puts the Federal Reserve in charge of non-bank stablecoin issuers, such as crypto firms Tether and Circle, respectively issuers of Tether (USDT) and USD Coin (USDC).

05.04 / 09:21

business regulation data white house US President US President Joe Biden urges tech firms to address risks of AI

United States President Joe Biden stated on Tuesday that the safety of artificial intelligence (AI) is still uncertain and emphasized that technology firms should ensure that their products are secure before releasing them to the public.

25.03 / 02:59

Government regulation Trading us government white house AIM White House report takes aim at Bybit — and forgot about Deribit

The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets.

22.03 / 08:35

Blockchain Adoption economy Report economics white house Bitcoin ‘Crypto FUD’ — Industry outraged as White House report slams crypto

Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets.

07.03 / 06:33

regulation Banks white house banking White House 'aware of the situation’ at Silvergate, says spokeswoman

The Biden Administration is “aware of the situation” at Silvergate and will continue to monitor reports on the troubled bank as it unfolds, according to a White House spokesperson.

28.01 / 09:07

regulation white house Congress pension White House cryptocurrency ‘roadmap’ recommends against pension funds

The White House released a statement on Jan. 27 that provided the United States President Joe Biden administration a roadmap for mitigating risks associated with cryptocurrencies. Much of the document was addressed to the U.S. Congress with the administration’s legislative guidance.

30.12 / 08:21

business regulation white house SBF met with Biden's senior advisors 2 months before FTX collapse: Report

Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, and reportedly a meeting just two months before the fall of his crypto empire.

14.12 / 09:33

Donations white house White House silent on whether it will return $5.2M in donations from SBF

White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried.

11.11 / 00:57

regulation FTX white house White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX

The White House said the Biden administration was monitoring the situation with the recent crypto market crash but deferred to independent regulators for any potential enforcement actions.

17.09 / 08:51

Adoption regulation white house Department White House OSTP department analyzes 18 CBDC design choices for the US

As directed by the President of the United States, Joe Biden, the Office of Science and Technology Policy (OSTP) submitted a report analyzing the design choices for 18 central bank digital currency (CBDC) systems for possible implementation in the US.

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