According to Cointelegraph, Chris Giancarlo, a former chairperson of the US Commodity Futures Trading Commission (CFTC), said: "Bitcoin was designed to define its scarcity. You can never have more than a certain amount of bitcoin. Bitcoin is appreciating rapidly."
Former Treasury Secretary Larry Summers said in an interview that Trump's tariffs defy economic logic, meaning higher prices for consumers and much higher input costs for American producers. Summers questioned: Why are we now deciding to wage economic war against Canada, out of so many countries in the world? Canada has a higher minimum wage, a higher basic wage, and more union protections for workers than the United States. I just don't understand the logic of these policies, no doubt,...
Former US President Donald Trump signed an executive order aimed at addressing the banking challenges of Web3 Inc., which established the Digital Asset Market Working Group. But it is worth noting that the Federal Reserve (SEC) and the Federal Deposit Insurance Corporation (FDIC) were excluded from the working group. In addition, the working group will be tasked with finding ways to promote US leadership in the cryptocurrency industry and "evaluating the possibility of establishing a national st...
John Deaton, a former US prosecutor and cryptocurrency advocate, has proposed that the Trump administration launch an investigation into Operation Chokepoint 2.0, an unproven scheme that purportedly seeks to remove cryptocurrency companies from the traditional banking system.
The NYSE and Nasdaq will be closed on Thursday, January 9 in honor of former US President Jimmy Carter.
According to Cointelegraph, Chris Giancarlo, former chairperson of the US Commodity Futures Trading Commission (CFTC), said: "Bitcoin was designed to be scarce. You can never have more than a certain amount of Bitcoin. Bitcoin is appreciating rapidly."
Bitcoin News said on social media that Eric Trump, the second son of former US President Donald Trump and now executive vice president of the Trump Organization, will speak at The Bitcoin Conference in Abu Dhabi on December 9-10.
Lawrence Summers, a Democrat and former US Treasury secretary, has dismissed the idea of a US government reserve of bitcoin assets and warned of political challenges to scaling back federal spending as planned by Mr. Musk, America's first buddy. Lawrence Summers said on the TV show: "What some people are saying, 'The idea that we should build some kind of national bitcoin reserve' is crazy."
The former CFTC chairperson of the United States has made a bold prediction that the SEC will drop its lawsuit against Ripple, indicating that a regulatory shift could trigger a significant increase in XRP.
According to people familiar with the matter, Paul Atkins, a former commissioner of the Securities Exchange Commission (SEC), is currently seen as a popular candidate to succeed Gary Gensler as SEC chairperson. The previous popular candidate, Robinhood General Counsel Dan Gallagher, has largely withdrawn from the competition. Atkins is widely supported by the business and cryptocurrency industries due to his free market-oriented regulatory style and pro-cryptocurrency stance. At the same time, G...