The U.S. Senate Banking Committee will hold a hearing on February 26 to discuss bipartisan crypto regulation frameworks for digital assets. The session aims to provide clear guidelines for the crypto industry amid growing regulatory concerns and stalled legislative efforts. Lawmakers will address market structure, stablecoin regulations, and the potential establishment of a strategic Bitcoin […]
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U.S Senate Confirms Pro-Crypto Scott Bessent as Treasury Secretary
Thе Unitеd Stаtеs Sеnаtе confirmеd billionаirе hеdgе fund mаnаgеr Scott Bessent аs thе 79th Treasury Secretary on Jаnuаry 27. In а 68-29 votе, 16 Dеmocrаts joinеd Rеpublicаns to аpprovе thе pick, mаrking а significаnt victory for Donаld Trump’s аdministrаtion. Bessent is widеly rеcognizеd for his еxpеrtisе in globаl finаncе аnd his аlignmеnt with Trump’s еconomic […]
Bitcoin miners push to veto NY Senate’s moratorium
New York Bitcoin miners are reacting to the adoption of a crypto moratorium measure that, if approved by the governor in the next 10 days, will bar new proof-of-work (PoW) mining facilities using fossil fuel electricity behind the meter from starting shop in the state for two years. Current ones would likewise be prohibited from expanding their […]
Bitcoiner Bruce Fenton declares candidacy for new Hampshire’s senate seat
Bruce Fenton, the former executive director of the Bitcoin Foundation, has announced his candidacy for the Republican Senate nomination in New Hampshire. And he’ll kick off his campaign with a $5 million self-funding injection of his bitcoin wealth. Fenton’s announcement on Wednesday backed up previous rumors that the long-time crypto supporter and self-described libertarian was […]
US Financial Regulators Raise Concerns About Growing Stablecoin Dominance
The cryptocurrency market has grown by an exponential rate over the past year with the pandemic forcing people to move towards quick, contactless payment methods. Even though the industry was growing in size pre-corona, the last 12 months have really opened up the eyes of the regulators to what cryptocurrencies can actually do. One of […]