biden
Treasury Nominees Pledge to Enforce New Crypto Regulation
The Senate Banking Committee held a hearing for Ryan Nelson and Elizabeth Rosenberg, who have been nominated to financial crimes roles within the Treasury Department. CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De shares some key takeaways and the implications for crypto regulation under the Biden administration.
Congressional Hearings on Crypto Are Ramping Up
CoinDesk’s Nikhilesh De has vital takeaways from the latest congressional hearings on central bank digital currencies (CBDCs). Plus, discussions around crypto and ransomware between President Joe Biden and Russian President Vladimir Putin’s summit in Geneva.
Putin Dismisses Criticism of Hacking and Internal Crackdowns Ahead of Summit With Biden
CoinDesk’s Nikhilesh De on President Joe Biden joining world leaders in Brussels for the 31st North Atlantic Treaty Organization (NATO) summit. Plus, decoding what Putin’s dismissal of the hacking criticism means.
Biden Bans American Investment in 59 Chinese Firms
U.S. President Joe Biden signed an executive order today banning Americans from investing in 59 Chinese firms with ties to the military. Bitcoin mining engineer Brandon Arvanaghi shares his view on how the rising economic tensions between the two countries could impact bitcoin innovation.
What's Biden's Plan for Crypto?
President Biden has two new crypto reporting requirements in the White House's 2022 budget proposal unveiled last week. The requirements include a provision about offshore crypto holdings and a general reporting framework for institutional investors. CoinDesk's Nik De explains what we know so far.
Why Isn’t Biden’s $6T Spending Plan Boosting the Price of Bitcoin?
It has been a long-time belief in the crypto space that inflationary fears drive up the price of bitcoin, but the markets aren’t jumping today over President Biden’s expected $6 trillion budget proposal for fiscal year 2022. “The Hash” panel breaks down why sentiment may have changed.
What Does Biden’s $6T Spending Plan Mean for Bitcoin?
Reports of President Biden’s $6 trillion spending plan were expected to give bitcoin’s price a bump, but the market is still flat. Is this a sign that “Crypto Winter” is upon us? “All About Bitcoin’s” Week Ahead panel discusses bitcoin’s stagnation and whether it indicates that the bear market is almost here.
NSC Director: Biden Administration Hasn't Determined Holistic Policy Approach to Virtual Currency
Speaking at Consensus 2021, Carole House, National Security Council Director for Cybersecurity and Secure Digital Innovation, said the executive branch hasn't taken a position of banning or making virtual currency illegal, but it has said it has the same obligations as any other financial activity, including preventing terrorist financing and money laundering.
The Fed Reserve Keeps Interest Rates Near Zero; Powell Calls Markets "Frothy"
Federal Reserve Chair Jerome Powell described the markets as "frothy" Wednesday and indicated that low federal interest rates, along with high rates of Covid-19 vaccinations, are driving the markets. Nik De reviews Powell's remarks as well as President Biden's and how they are being received in the crypto industry.