A senior White House official has confirmed that US President Donald Trump’s crypto summit on March 7 will not cover taxes but instead focus on rolling back the anti-crypto policies pursued by the former Biden administration. “There’s not going to be anything on taxes. You know, the crypto internet is rife with rumors. […] I…
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White House crypto czar David Sacks has criticized the US government’s sale of confiscated Bitcoin over the years, referring to it as a strategic mistake that has cost taxpayers billions. In a March 6 social media post, Sacks said the US government generated $366 million in proceeds from its Bitcoin (BTC) sales over the past…
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US Commerce Secretary Howard Lutnick has confirmed that the Trump administration will unveil plans for a strategic Bitcoin reserve at its upcoming White House crypto summit on March 7. In an interview with The Pavlovic Today, Lutnick clarified that Bitcoin (BTC) will likely have a special status in the country’s national cryptocurrency reserve, which will…
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The first six weeks of US President Donald Trump’s second administration have been a wrecking ball for cryptocurrency markets. Since peaking above $109,000 on Inauguration Day, Bitcoin (BTC) crashed to a low of around $78,000 in late February before swiftly rebounding to $96,000 a few days later on Trump’s crypto reserve plans. However, 24 hours…
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Shares of Strategy (MSTR), formerly MicroStrategy, opened sharply higher on March 3 as investors reacted to a weekend Bitcoin rally that was fueled by US President Donald Trump’s crypto reserve plans. MSTR rose by as much as 15% to trade at $295.10, according to Yahoo Finance data. Before March 3, MSTR stock was mired in…
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Since reaching all-time highs on Jan. 20, Bitcoin’s price has been suppressed by hedge funds exploiting a low-risk yield trade involving spot exchange-traded funds (ETFs) and CME futures, signaling once again that institutional adoption of crypto assets isn’t a one-way street. This is the general takeaway of analyst Kyle Chassé, who dissected the latest Bitcoin…
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US President Donald Trump’s first month in office has been highly volatile for risk assets, but his administration will likely be a net positive for Bitcoin in the long run, according to Standard Chartered. In a Feb. 27 interview with CNBC, Standard Chartered’s head of digital assets research, Geoffrey Kendrick, said he expects Bitcoin’s (BTC)…
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The investigation was dropped more than a month after Robinhood and the SEC reached a $45 million settlement. Source link
Figure Markets has become the first company to receive approval for an interest-bearing stablecoin in the United States. Source link
The crypto industry has been lobbying Congress to wrestle regulatory oversight of digital assets from the SEC to the CFTC. Source link