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White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto

White House Rehires Adviser Who Helped Develop Biden’s Executive Order on CryptoThe White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), leading efforts on cybersecurity and virtual currency […]

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Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable

Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto RoundtableMembers of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to “end Joe Biden’s War on Crypto.” Reported Crypto Roundtable With Biden Administration Scheduled for July The former 45th U.S. President, Donald Trump, […]

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Nigeria Drops Tax Evasion Charges Against Binance Executives

Nigeria Drops Tax Evasion Charges Against Binance ExecutivesNigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s complete discharge of the executives from the cases. Binance Appoints Local Representative On June 14, […]

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US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria

US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by NigeriaA group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […]

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US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest ExpenseU.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg […]

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Democrats To Abruptly Reverse Party Stance on Crypto To Avoid Election Disaster: Mike Novogratz

Democrats To Abruptly Reverse Party Stance on Crypto To Avoid Election Disaster: Mike Novogratz

The CEO of the crypto investment firm Galaxy Digital says Democrats are changing their tune on crypto as the 2024 US Presidential election approaches. In a new interview with CNBC’s Squawk Box, Mike Novogratz says the Biden administration is listening to the markets and shifting its standpoint on crypto. “But assuming, you know, the market is right, […]

The post Democrats To Abruptly Reverse Party Stance on Crypto To Avoid Election Disaster: Mike Novogratz appeared first on The Daily Hodl.

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Uniswap Creator: Biden Administration Mistaken in Believing Crypto Irrelevant to 2024 Elections

Uniswap Creator: Biden Administration Mistaken in Believing Crypto Irrelevant to 2024 ElectionsHayden Adams, the creator of the decentralized finance platform Uniswap, has warned the Biden Administration that it is gravely mistaken to believe that crypto will be irrelevant in the 2024 election. Adams also criticized the administration for allowing the U.S. Securities and Exchange Commission and Senator Elizabeth Warren to wage an all-out war against crypto, […]

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Wyoming Senator Slams DOJ’s Take on Non-Custodial Crypto Software, Vows to Protect User Rights

Wyoming Senator Slams DOJ’s Take on Non-Custodial Crypto Software, Vows to Protect User RightsWyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis Questions DOJ’s Non-Custodial Wallet Stance, Cites Legal Misinterpretations Senator Cynthia Lummis, a staunch advocate of cryptocurrency, […]

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U.S. Treasury and Internal Revenue Service Publish New Proposed Crypto Tax Regulations

U.S. Treasury and Internal Revenue Service Publish New Proposed Crypto Tax Regulations

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are jointly proposing new tax regulations for the digital assets industry. In a new publication, the Treasury and the IRS are proposing that payment platforms, wallet providers and trading firms that deal with crypto assets file tax returns on certain sales or exchange […]

The post U.S. Treasury and Internal Revenue Service Publish New Proposed Crypto Tax Regulations appeared first on The Daily Hodl.

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White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining

White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto MiningOn May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental impact of crypto mining activities. […]

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