Regulations
Further requirements on crypto firms could be on the way as the administration is looking for new revenue streams.
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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.
- Opinion
The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry.
6668 - News
SEC Chairman Gary Gensler stated that many DeFi projects are “highly” centralized in certain aspects, as they are developed by a “core group of folks” who are incentivized to promote their platforms.
9535 - Market Analysis
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar.
11927 - News
The crypto exchange boss is the latest to decry plans to enact sweeping changes to cryptocurrency tax reporting in the United States.
14256 - News
The billionaire crypto proponent said politicians and regulators have a flawed understanding of crypto and its technological underpinnings.
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The bill also calls for the U.S. Federal Reserve to be vested with the clear authority to issue a digital dollar.
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Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets.
3539 - News
Rich Checkan described CBDCs as the spawn of Satan and thinks that Bitcoin is still a speculative asset and not a currency alternative yet.
5499 - News
More rules are coming for the cryptocurrency space, according to SEC Chairman Gary Gensler.
12548 - News
The MicroStrategy boss thinks Bitcoin is a form of property and points out that the U.S. government is not threatened by other forms of property.
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The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments.
12626 - News
Janice McAfee, the widow of John McAfee, has questioned the “suicide narrative,” asserting that there was no mention of a suicide note when she picked up his belongings from jail.
5626 - News
Alabama Representative Barry Moore has snapped up ETH, ADA and Doge over the past two months, but his holdings have taken a significant hit amid the crypto downturn.
3413 - News
Senator Cynthia Lummis wants to see crypto-assets become a normal part of the diversified asset allocations in U.S. citizens’ retirement plans.
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