1 / 16 Relevant items tagged with #Government

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Shut It Down — AI Exposes Hidden Pork in Congress’s Controversial Spending Package

[Dec 19 3:40 PM] According to reports, the U.S. government is teetering on the brink of yet another shutdown, with the funding deadline looming large on Dec. 20, 2024. The proposed funding bill has stirred up quite the controversy, packed as it is with what many…

South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto

[Dec 18 5:10 PM] National Assembly member Kim Nam-kuk left South Korea’s Democratic Party in 2023 after allegations of cashing out $4 million in crypto holdings.

US lawmakers cancel session to consider Caroline Crenshaw’s nomination

[Dec 17 6:40 PM] The update to the calendar makes it unlikely lawmakers will be able to vote on the SEC commissioner’s nomination before the next session of Congress.

Canada’s finance minister resigns, citing ‘serious challenges’ from US

[Dec 16 3:11 PM] Chrystia Freeland said she would remain a member of Canada’s parliament but had resigned from Prime Minister Justin Trudeau’s cabinet.

Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve

[Dec 13 7:01 PM] Satoshi Yamada asked the Japanese government whether it could "convert part of its foreign exchange reserves" into Bitcoin or another token.

French Hill to chair House Financial Services Committee in 2025

[Dec 12 9:53 PM] Pro-crypto Arkansas Representative French Hill has taken leadership of the House committee crucial to molding crypto policy in Donald Trump’s administration.

Interest groups call on US Senate to confirm Caroline Crenshaw to SEC

[Dec 12 9:26 PM] A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.

Texas lawmaker proposes bill to establish strategic Bitcoin reserve

[Dec 12 7:41 PM] The draft legislation suggested that Texas residents could fund the Bitcoin reserve through voluntary donations.

Sherrod Brown’s final committee message includes a crypto warning

[Dec 11 9:58 PM] In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.”

US Dems choose leadership for committees crucial to crypto policy

[Dec 11 5:03 PM] Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.

Nevada adds blockchain security in wake of fake electors fiasco

[Dec 10 8:54 PM] The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior.

Elon Musk: IRS relies on old computers, ‘can’t pass basic audits’

[Dec 9 8:53 PM] The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.

Trump’s new crypto czar called OpenAI a ‘piranha, for-profit company’

[Dec 6 7:11 PM] David Sacks’ professed views on OpenAI’s business restructuring seemingly align with Elon Musk’s.

Crypto industry execs approve of Trump’s pick to lead SEC

[Dec 5 9:45 PM] Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Gensler’s departure.

NYC mayor gloats about Bitcoin holdings: ‘Who’s laughing now?’

[Dec 4 6:57 PM] Mayor Eric Adams, who took office in 2022, announced after his election victory that he would accept his first three paychecks in Bitcoin.

Binance, WazirX among crypto firms evading taxes in India, says gov’t

[Dec 4 1:40 PM] India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

US Bitcoin reserve is possible to achieve but not without downsides

[Dec 2 2:15 PM] Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.

Brazil proposes to ban stablecoin withdrawals to self-custodial wallets

[Dec 2 12:46 PM] Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask.

Tether’s $5B mint and political entanglements raise suspicion about industry

[Nov 26 2:45 PM] Unraveling Tether’s complex web of financial maneuvers and its impact on the global crypto market.

Potential SEC chair pledges crypto-forward approach after Gensler resignation

[Nov 22 9:32 PM] Donald Trump has not yet named his pick for SEC chair to send to the Senate, but Commissioner Mark Uyeda offered a preview of the regulator’s approach to crypto in 2025.

Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker

[Nov 22 11:38 AM] The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.

Russia to restrict crypto mining in 13 regions to save electricity

[Nov 20 11:45 AM] If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.

Coinbase CEO to meet with Trump to discuss personnel appointments — WSJ

[Nov 18 9:40 PM] Before US Election Day, Brian Armstrong said Coinbase was “prepared to work” with either a Kamala Harris or Donald Trump administration.

Speculation looms over SEC leadership under Trump as rhetoric escalates

[Nov 18 4:40 PM] US Securities and Exchange Commission Chair Gary Gensler has not announced he will leave the commission, nor has Donald Trump suggested a possible replacement.

US gov’t job could allow Elon Musk to defer capital gains tax

[Nov 15 8:30 PM] The “DOGE” department proposed by Elon Musk could allow the Tesla CEO to divest many of his assets and defer paying taxes.

Bitcoin corrects as US inflation data emerges — Is the rally to $100K at stake?

[Nov 14 10:14 PM] Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.

Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor

[Nov 14 9:51 PM] Michael Saylor says the US should and will build a reserve of bitcoin and explains why it is the greatest deal of the 21st century.

Pennsylvania lawmaker introduces bill for ‘strategic Bitcoin reserve’

[Nov 14 5:21 PM] The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment.

Crypto community hopeful about new Senate leader John Thune

[Nov 14 10:55 AM] Not endorsed by Donald Trump, Senator John Thune defeated Elon Musk-supported Senator Rick Scott to become the new Senate majority leader.

Trump hints at pushing through SEC chair with recess appointment

[Nov 12 5:30 PM] The Republican promised to fire SEC Chair Gary Gensler “on day one,” but an X post suggested he would also attempt to circumvent the Senate confirmation process for a replacement.