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Former White House Senior Advisor David Plouffe Joins Alchemy Pay Advisory Board

[Mar 21, 2023 11:00 AM] Serving as a committee member of Alchemy Pay’s management and advisory board, and as Global Strategic Adviser to support Alchemy Pay’s expansion and growth in global markets, contributing actively to strategy, compliance and…

White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week

[Mar 21, 2023 7:39 AM] With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve…

It’s ‘Critical’ Crypto Innovation Stays in U.S., Former White House Adviser Says

[Mar 20, 2023 12:15 PM] If crypto and financial developments move overseas, it could be a threat to U.S. national security, Carole House, co-author of President Biden’s executive order on crypto, said.

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

[Mar 10, 2023 11:30 AM] 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…

White House 'aware of the situation’ at Silvergate, says spokeswoman

[Mar 6, 2023 8:22 PM] The spokeswoman said that she won’t be commenting specifically on Silvergate, but the White House will be actively monitoring the situation.

Democrats to Return 2.2% of $45.2 Million Donation Made by FTX’s Co-Founder Sam Bankman-Fried

[Feb 19, 2023 3:30 PM] After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations…

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

[Feb 18, 2023 9:30 AM] Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks

[Jan 28, 2023 5:30 PM] 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…

White House cryptocurrency ‘roadmap’ recommends against pension funds

[Jan 27, 2023 11:53 PM] The Biden administration touted its comprehensive framework and encouraged regulators and Congress to tighten the screws on crypto in a new statement.

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

[Dec 14, 2022 12:30 AM] A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF.

White House, US Senators Call for Proper Crypto Oversight

[Nov 11, 2022 9:30 PM] The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday…

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

[Nov 10, 2022 3:50 PM] According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.