Former President Donald Trump’s recent declaration of support for Bitcoin and his pledge to make the US a global leader in the crypto space has sparked discussions about the future of digital assets. During the Bitcoin2024 conference in Nashville, Trump promised that the US government would not sell its existing Bitcoin holdings and would take
Regulation
Senator Cynthia Lummis made a groundbreaking announcement at the Bitcoin2024 conference regarding the introduction of new legislation that proposes the establishment of a Bitcoin strategic reserve for the US. This reserve would total at least 1 million BTC, which is equivalent to 5% of the total supply of Bitcoin. The implications of this bold move
President Donald J. Trump recently made bold claims about his plans for Bitcoin in the United States, expressing his determination to establish the country as a “Bitcoin superpower” and maintain its competitive edge against countries like China. He emphasized his commitment to holding onto the approximately 200,000 Bitcoin currently owned by the US government, which
Recently, a group of Democrat politicians penned a letter to the Democratic National Committee (DNC) advocating for a change in the party’s stance on cryptocurrency and blockchain technology. The letter highlighted the potential benefits of digital assets and blockchain, emphasizing the importance of embracing innovation and inclusivity. This move comes amidst growing public perception that
In the recent past, two major crypto companies, Coinbase and Revolut, faced opposite outcomes in their interactions with UK regulators. Specifically, the UK’s Financial Conduct Authority (FCA) levied a fine of £3.5 million ($4.5 million) against CB Payments Limited (CBPL), a Coinbase Group subsidiary, for breaches related to Anti-Money Laundering regulations. The FCA disclosed in
The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, shed light on the challenges plaguing the cryptocurrency industry under the current administration. They are critical of the Biden-Harris Administration’s approach to regulating the sector, citing a lack of clear guidance from the Securities and Exchange Commission (SEC) on which cryptocurrencies are classified as
Recently, the Russian State Duma made a significant decision to legalize Bitcoin mining and allow the use of cryptocurrencies for international trade. This bill, which has been in the works for a few years, is set to come into effect on September 1 pending final approval. The legislation aims to address the challenges faced by
The Financial Technology Protection Act is a crucial piece of legislation that recently passed through the United States House of Representatives. The bill, introduced by Representative Zach Nunn, has garnered unanimous support from lawmakers and aims to address the growing concern of digital platforms being used for illicit activities and terrorism financing. One of the
In a recent letter addressed to Vice President Kamala Harris, the Digital Chamber made a compelling case for the adoption of a forward-looking approach to digital assets and blockchain technology. The Chamber stressed the transformative potential of these technologies in driving innovation, fostering economic growth, and promoting financial inclusion. Despite the growing support for digital
The CEO and founder of DAIM, Brian Korshain, expressed optimism about the potential impact of former President Donald Trump’s support for Bitcoin. He mentioned Trump’s rumored plan to make Bitcoin a strategic reserve asset for the US government, calling it “possible” but also cautioning that it could be “very difficult to get it done.” Korshain
