politics
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The U.S. Securities and Exchange Commission (SEC) has come under fire from within its ranks, as Commissioner Mark Uyeda has openly labeled the agency’s approach to cryptocurrency regulation a “disaster for the whole industry.” Speaking on Fox Business during an appearance on Mornings with Maria, Uyeda expressed dissatisfaction with the agency’s failure to provide clear…
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The Federal Deposit Insurance Corporation (FDIC) has announced that banks no longer need prior approval to engage in cryptocurrency-related activities, provided they adequately manage associated risks. This policy shift rescinds the previous guidance from April 2022, which required FDIC-supervised institutions to obtain approval before engaging in crypto-related activities. Acting FDIC Chairman Travis Hill stated that…
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In a recent statement, the U.S. Securities and Exchange Commission (SEC) clarified that Proof-of-Work (PoW) cryptocurrency mining activities, such as those involving Bitcoin, do not fall under federal securities laws. The SEC’s Division of Corporation Finance noted that both solo and pooled mining operations do not meet the criteria of a securities transaction under the…
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El Salvador’s President, Nayib Bukele, has reaffirmed the nation’s commitment to Bitcoin by announcing the purchase of an additional 11 BTC, valued at over $1 million, for the country’s strategic reserves. This move comes despite the International Monetary Fund’s (IMF) recent $1.4 billion loan agreement, which includes stipulations aimed at limiting the country’s exposure to…
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Colorado is poised to officially designate nuclear energy as a clean energy source, following the recent passage of House Bill 25-1040 by the state Senate. The bill, which updates statutory definitions of “clean energy” and “clean energy resource” to include nuclear energy, now awaits Governor Jared Polis’s signature. The legislation’s approval marks a significant…
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Coinbase CEO Brian Armstrong attended the first-ever White House crypto summit and praised President Donald Trump’s efforts to revitalize the industry. In an interview with Yahoo Finance Senior Reporter Jennifer Schonberger, Armstrong stated, “President Trump really breathed life back into this industry over the last few years. We really felt like we were being unlawfully…
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President Donald Trump has imposed a 25% tariff on all steel and aluminum imports to the United States, effective immediately, aiming to bolster domestic manufacturing. The European Union swiftly retaliated with countermeasures targeting $28 billion worth of U.S. goods, including iconic products such as bourbon whiskey, jeans, and Harley-Davidson motorcycles. Canada, the largest supplier…
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President Donald Trump showcased several Tesla models at the White House on Tuesday afternoon, expressing his intention to purchase a Tesla vehicle. This event occurred amid a significant decline in Tesla’s stock value, which has fallen by 50% since December 2024. Standing alongside Tesla CEO Elon Musk, President Trump inspected various Tesla models, including…
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Robinhood co-founder and CEO Vlad Tenev joined CNBC’s Squawk Box to discuss the U.S. administration’s establishment of a strategic Bitcoin reserve, calling it a “sensible approach” to integrating digital assets into the national financial system. His remarks followed the White House Crypto Summit, where industry leaders and policymakers convened to discuss the role of Bitcoin…
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The Trump administration formally launched the U.S. Crypto Strategic Reserve, a government-backed initiative designed to integrate digital assets into national financial infrastructure. The reserve was announced as part of the White House Digital Assets Policy Framework, marking a historic shift in how the federal government engages with cryptocurrency. The initiative aims to establish Bitcoin and…
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Ontario’s Premier, Doug Ford, announced a 25% increase in electricity export charges to the United States, effective Monday, affecting approximately 1.5 million American homes and businesses. This move is a direct response to President Donald Trump’s recent trade measures against Canada. The surcharge targets electricity exports to states including Minnesota, New York, and Michigan. Ford…
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Michael Saylor, founder and executive chairman of Strategy, attended the White House Digital Assets Summit on March 7, hosted by President Donald Trump. The event brought together industry leaders, investors, and policymakers to discuss the future of digital assets in the United States. The discussions focused on the role of cryptocurrency in national finance, regulatory…
