Goverment News

The resolution repealing the IRS law needs to pass through the House, then the Senate, and if successful, it can then be sent to US President Donald Trump to sign into law.

The task force would investigate how many digital currencies are being traded, the number of exchanges in New York and how crypto affects the state and local tax receipts, among other priorities.

El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million.

Senator Elizabeth Warren pressed Howard Lutnick, Donald Trump’s nominee to run the Department of Commerce, over his ties and interest in stablecoin issuer Tether.

El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day.

Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period.

Microchip giant Nvidia’s vice president of government affairs says the new framework will hurt America’s global competitiveness and undermine innovation.

One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”

UK Prime Minister Keir Starmer said the country will adopt a plan that includes all 50 recommendations made by the government's research agency.

El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.

Australia’s leading organization representing the communication and technology industry said the government should advance the review process deadline to July 2025.

The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.

Jared Isaacman comes with deep fintech experience and a working relationship with Elon Musk and SpaceX.

Satoshi Action Fund CEO Dennis Porter said a Texas lawmaker has started conversations to introduce strategic Bitcoin reserve legislation at some point in the future. 

The added selling pressure from the German government could tank Bitcoin price below the key $60,000 mark.