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Biden's Exit Spurs $28M Daily Volume on Polymarket; Swan Bitcoin Drops IPO Plans

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as President Joe Biden’s decision to drop out from the Presidential race fueled a surge in Polymarket volume. Plus, Arkham Intelligence data shows that the U.S. government has transferred 58.742 bitcoin worth nearly $4 million to Coinbase and Swan Bitcoin has pulled its plan to take the company public.

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Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Vice President Kamala Harris-inspired meme coin KAMA rises on the news that President Joe Biden has dropped out of his re-election campaign. Plus, experts say that India is unlikely to change its controversial tax policy on crypto and BitForex announces that the exchange will open for withdrawals after a five-month outage spurred by Chinese police investigation.

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U.S. House Fails to Overturn Biden’s Veto; Staked Ether Close to All-Time High

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as U.S. lawmakers failed to overturn President Joe Biden's veto in the saga to override the SEC's crypto accounting policy, SAB 121. Plus, the total amount of staked ether nears an all-time high, and Morgan Creek Digital plans to raise up to $500 million for a new Web3 fund.

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President Biden Vetoes Resolution Overturning SEC Guidance; Michael Saylor's $40M Settlement

"CoinDesk Daily" host Helene Braun breaks down the biggest headlines impacting the crypto industry today, as President Joe Biden announced last Friday that he has signed a veto of a House Joint Resolution that would have repealed the SEC’s Staff Accounting Bulletin 121. Plus, MicroStrategy founder Michael Saylor agrees to a $40 million settlement in his income tax case and Australia's first spot bitcoin ETF with direct BTC holdings is set to launch on Tuesday.

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How the Crypto Market Is Reacting to Debt Ceiling Developments

President Joe Biden and House Speaker Kevin McCarthy are looking to extend the debt limit through 2025 and include some moderate federal spending cuts. "First Mover" hosts discuss the latest developments surrounding the U.S. debt ceiling and what it means for the crypto markets.

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White House Pushes for Punitive 30% Tax on Crypto Mining Operations

U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the "harms they impose on society," the White House’s Council of Economic Advisers (CEA) said Tuesday in an online post. The administration’s blog entry made the case for a U.S. tax equal to 30% of a mining firm’s energy costs – an unusual industry-specific penalty that could threaten the profits of such businesses. "The Hash" panel discusses the potential impact on the bitcoin mining industry.

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Warren Buffett in Talks With White House on Banking Crisis: Bloomberg

Berkshire Hathaway CEO and billionaire investor Warren Buffett is in contact with senior officials within President Joe Biden’s administration, according to Bloomberg. This comes as the White House grapples with elevated concerns of a banking crisis. "The Hash" panel discusses the latest reporting.

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White House ‘Aware Of’ Silvergate Situation, Spokeswoman Says

White House press secretary Karine Jean-Pierre said the Biden administration is monitoring Silvergate Bank's (SI) situation, comparing it with those at other crypto companies and saying President Joe Biden has called on Congress to take action in this area. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses Jean-Pierre's comments.

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Biden's Executive Order on Crypto Is 'Balanced' In Mitigating Risk, Fostering New Tech: Former White House Advisor

Former White House Director of Cybersecurity and Secure Digital Innovation at the National Security Council Carol House was one of the key authors of U.S. President Joe Biden's executive order on crypto. Named one of CoinDesk's Most Influential 2022, she weighs in on how the order fits into the industry needs of today following the fallout of FTX.

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Co-Author of Biden's Executive Order on Crypto Explains How to Get Clarity in Defining Digital Assets

Following U.S. President Joe Biden's executive order that directed federal entities to comprehensively regulate the industry, regulatory uncertainty still remains in the crypto markets. One of its authors Carole House, who is a former White House director of cybersecurity and secure digital innovation at the National Security Council and currently an executive in residence at Terranet Ventures, cites the The Digital Commodities Consumer Protection Act to clarify the definition around securities versus commodities.

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