News
The comments came during Bessent's congressional testimony on Wednesday in a tense exchange with California Representative Brad Sherman.
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US Government News
The US government is a system of public administration in the USA that was established with the adoption of the Constitution in 1787. In terms of Bitcoin, the US government shows its interest in blockchain technology and its development. However, the US government’s view on Bitcoin still remains unclear as the regulation of digital currency hasn’t been created yet and now cryptocurrency is considered simply to be a digital asset rather than an official means of payment. The main concern of authorities is not the use of virtual money, but the possibility of avoiding taxes, money laundering and supporting terrorism as the effective, but traditional ways to prevent all of this doesn’t work with cryptocurrencies as well as it does with fiat currencies.
- News
A tentative deal in Washington has eased some shutdown fears, but with key votes still pending, crypto, gold and silver are trading through liquidity jitters and foreign policy risk.
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Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions.
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A wallet linked to an alleged theft of US government-seized crypto launched a Solana memecoin on Pump.fun that later crashed 97%, raising tokenomics red flags.
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Bitcoin has fallen nearly 30% since a major market crash in October, while traditional safe havens like gold and silver have soared.
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Senate Democrats have threatened to block a funding bill if it includes money for the Department of Homeland Security, making traders fearful of another possible US government shutdown.
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Crypto sales are taxable under current United States policy, but lawmakers have proposed tax exemptions for small transactions.
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The Nietzschean Penguin (PENGUIN) memecoin had a market capitalization of about $387,000 before the US White House published its post.
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The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.
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The Justice Department will drop its case against Nathaniel Chastain, a former OpenSea manager who successfully appealed a wire fraud and money laundering conviction.
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The SEC’s Paul Atkins and the CFTC’s Michael Selig will discuss the two agencies' crypto oversight as legislative efforts to define their roles work through the Senate.
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Bitwise’s Matt Hougan argued crypto markets performed poorly in Q4 despite strong fundamentals, similar to early 2023 when crypto rebounded from 2022 lows.
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Fundstrat’s Tom Lee, who is also the chair of Ethereum treasury firm BitMine, still expects Bitcoin to set a new high this year.
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One of then-presidential candidate Donald Trump's campaign promises to the crypto industry was to fire the SEC chair “on day one“ if elected.
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The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the digital yuan, Scaramucci said.
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