President Biden’s New Communication’s Director Owns $50k-$100k Worth Of Bitcoin

According to a disclosure, Ben Labolt owns at least one bitcoin, and will be unable to serve in relation to matters related to past clients. President Biden’s new communications director, Ben LaBolt, owns $50,000-$100,000 worth of bitcoin according to a regular disclosure filed. In addition, President Joe Biden has restricted the role of LaBolt in [...]

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Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican [...]

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US Senator Ted Cruz tries again with new bill to block CBDC

Ted Cruz said it is “more important than ever” to ensure the financial privacy of American citizens is preserved.

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White House Releases Economic Report On Bitcoin: Here's What They Got Wrong

The latest report from the Biden Administration writes off the benefits of Bitcoin while ignoring the fundamentals and economic activity that give it value.

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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises [...]

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CBDCs could be ‘easily weaponized’ to spy on US citizens: Congressman

Congressman Tom Emmer made the anti-central bank digital currency comments to an audience at the Cato Institute, a libertarian think tank in Washington.

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Biden's anemic crypto framework offered us nothing new

The cryptocurrency industry needs substantive proposals that aim to do more than simply mitigate potential damage. The Biden administration's framework failed to acknowledge crypto's advantages.

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Biden Administration Targets Bitcoin Mining In New Report

While the report didn’t create any new regulations, it still serves as a foreboding message to bitcoin miners.

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230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. More

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White House To Craft Bitcoin Mining Policy Addressing Energy Use: Report

The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.

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“Responsible Development of Digital Assets”: Biden’s Executive Order Unpacked

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Biden to Sign Executive Order on Cryptocurrencies

US president Joe Biden is ready to sign the government’s strategy on cryptocurrency regulation.

Continue reading Biden to Sign Executive Order on Cryptocurrencies at DailyCoin.com.

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Biden Will Sign Executive Order on Crypto This Week: Report

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Biden Is Revealing His Plan On Crypto Regulation Next Week

The Biden administration is gearing up to take action on crypto regulation in the US. Covered: Biden’s Upcoming Executive Order Banter In Congress Over Crypto Regulation Just when Russia decides to hop fully into the Bitcoin and crypto mining race, Biden announced that his administration would be regulating crypto “as a matter of national security.” […]

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Congress Hearing Bodes Well for Stablecoin Issuers

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Biden Administration To Regulate Bitcoin As A Matter Of National Security: Report

The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin and cryptocurrency.

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Crypto Flipsider News – September 22nd – Biden Administration Sanctions Exchange, Gensler Compares Stablecoins to Poker Chips, PayPal’s Super App, Vee Finance Suffers $35 Million Hack, and AMC Takes Poll on DOGE Payment

Read Wednesday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – September 22nd – Biden Administration Sanctions Exchange, Gensler Compares Stablecoins to Poker Chips, PayPal’s Super App, Vee Finance Suffers $35 Million Hack, and AMC Takes Poll on DOGE Payment at DailyCoin.com.

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Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms

According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto exchanges is “going to have

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US DoJ Goes After Rogue Exchanges As Crypto Crimes Grow ‘Significantly’

Eun Young Choi, the first director of the National Cryptocurrency Enforcement Team (NCET), has told reporters that crypto-related crimes have risen significantly in recent years. Through her team, the United States Department of Justice (DoJ) now plans to go after rogue exchanges that knowingly allow criminals to launder money. NCET Wants Exchanges To Be Compliant [...]

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NVIDIA Criticizes Biden Administrations 'AI Diffusion' Rule

NVIDIA expresses concerns over the Biden Administration's 'AI Diffusion' rule, arguing it could hinder innovation and economic growth in the U.S. technology sector. (Read More)

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