Tag: joe biden

A recent NBC News poll found that 1 in 5 Americans have invested in, traded with, or used cryptocurrency, demonstrating their increased popularity.

The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activities in Ukraine. The current director of FinCEN, Him Das, explained that proactive reporting of wary actions is part of the United States’ efforts to support Ukraine in the ongoing war. On Monday, the FinCEN...

In this episode of "Bitcoin Bottom Line," the hosts and guest discuss the potential impact on Joe Biden's crypto-related executive order.Watch This Episode On YouTubeListen To This Episode:...

Will U.S. President Joe Biden’s executive order calling for regulatory guidelines around Bitcoin help or hurt the technology?U.S. President Joe Biden signed an executive order (E.O.) yesterday outlining federal efforts to research and develop specific guidelines for the use of bitcoin, alternative cryptocurrencies and a...

Speculation grew over whether crypto transactions could help Russia bypass restrictions placed on its financial system by the United States, after President Joe Biden on Thursday announced stricter...

Everything surrounding the ACES act is almost comedic. U.S. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the “Accountability for Cryptocurrency in El Salvador” AKA the ‘‘ACES Act.’’ It’s bipartisan legislation that would allow the U.S. to produce a...

The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin and cryptocurrency.The White House wants to set out a cohesive set of policies to regulate Bitcoin and cryptocurrencies as currently legislation and its enforcement are scattered across sectors and agencies, according to multiple reports.The Biden administration will release an...

The Biden administration is apparently all set to issue an executive order outlining government-wise cryptocurrency strategy. This shall be released early next month and will be presented by President Joe Biden. The idea behind this report is to provide a detailed,...

The U.S House of Reps has now passed a $1.2 trillion infrastructure bill, which would make sure that new provisions with regards to crypto tax reporting for all U.S citizens are met, if approved by President Joe Biden. U.S House of Reps Sends $1 Trillion Bill to President Joe Biden For Arrival At first, the The post House of Reps Passes $1 Trillion...

During Thursday’s Bitmain’s Digital Mining Conference Miami Mayor Francis Suarez concluded his speech by calling for the election of a Bitcoin President after Joe Biden.During Thursday’s Bitmain’s Digital Mining Conference Miami Mayor Francis Suarez concluded his speech by challenging the audience to “Go out there and elect the next President of the United States to be a pro Bitcoin president.” A strong...

Sam Bankman-Fried stunned the crypto community by investing a whopping $450,000 to support Bitcoin development. In addition, the entrepreneur is sponsoring a nonprofit organization that backs Bitcoin coders for 3 years with $150,000 per year. This nonprofit organization called Brink provides funds to the open-source community focusing on Bitcoin development. With the donation, Brink will sponsor the bitcoin coders passing through its fellowship...

Donald Trump said Bitcoin is a scam which may have impacted the token price to fall by 1.3% Crypto asset exchanges and payment of $10,000 and more will come under mandate reporting to the IRS in the United States. The new reporting regulation on cryptocurrency will help to eradicate tax evading....

The US Department of Justice recently seized nearly 64 Bitcoin paid as ransom to a group known as DarkSide.

Global cryptocurrency investors active in the U.S. market or on the U.S. exchanges are going to have a tough time dealing with the regulators. In the latest development, the Joe Biden administration has proposed to collect data of foreign crypto investors active in the U.S. market. The U.S. government is reportedly mulling a move for The post U.S. President Joe Biden Calls for...

Bitcoin held gains, bond yields rose, and gold slipped ahead of President Biden's next big spending push that could total anywhere between $2 trillion and $4 trillion. The BTC/USD exchange rate approached $60,000 in an early morning rally in Asia, driven higher by a flurry of fundamentals, ranging from PayPal's decision...

How will a Democratic administration in the U.S impact bitcoin regulation and the BTC price over the next four years?Joe Biden is officially the 46th president of the United States and the Democratic Party is back in power. We are all already aware of how this has affected the price of bitcoin — coincidence or not, the BTC price has more than...

The comments came after reports said the White House was considering reducing the size of its proposed stimulus package.

During his first day as president, Joe Biden froze the crypto KYC regulation on January 20th with a 60-day duration. The decision comes as president Biden wants to develop further studies on the crypto industry and potential regulation before deciding whether to approve it or reject the Trump administration’s KYC regulation. KYC or Know Your Customer is the process in which a financial...

Some institutions have paused their buying, at least for the moment.

Biden's administration has granted another 60-day extension for deliberation on the proposed FinCEN crypto bill to require mandatory KYC for self-hosted wallets. 🚨 Yet another FinCEN...