White House cryptocurrency and artificial intelligence director and "crypto czar" David Sacks said in an interview with FOX that the passage of the GENIUS Act is a major victory for the crypto community.
Crypto Czar David Sacks, head of cryptocurrency and artificial intelligence at the White House, commented on the Senate procedural motion of the GENIUS stablecoin bill today, "This legislation creates a legal framework for stablecoins, which is a major victory for the cryptocurrency space. The bill will now go to the full Senate voting stage. Thanks to Senator Bill Hagerty, who led the push for the bill, who successfully won over 60 votes for the GENIUS bill." Previously, it was reported that th...
US cryptocurrency and artificial intelligence czar David Sacks wrote: "This is a huge victory for cryptocurrencies, and the Federal Deposit Insurance Corporation (FDIC) will follow the Office of the Comptroller of the Currency (OCC) in removing'reputational risk 'as a factor in bank supervision. 'Reputational risk 'may sound good in theory, but it is defined as'negative publicity about an organization's business conduct (whether true or not) that will result in a declining customer base, costly ...
With a Republican landslide in the coming months, President-elect Trump is poised to halt President Biden's years-long effort to cancel student debt for tens of millions of people. Trump's transition advisers and outside allies have been discussing how to quickly undo various Biden-era initiatives that have provided borrowers with new or easier avenues for loan forgiveness, according to two people familiar with the discussions.