David Sacks has stated that he has taken over the position of the co-chair of the President’s Council of Advisors on Science and Technology on Thursday. Sacks has been functioning as the White House’s AI and crypto czar. He has been responsible for handling the early stages of the administration’s
While the CLARITY Act is repeatedly delayed in the Senate, the White House is attempting to talk to resolve the standoff between banks and the crypto industry representatives. The adviser of the White House with officials of Coinbase, including Paul Grewal, slams banks over unnecessary delays like deposit flight risks.
U.S. President Donald Trump said that the war between his country and Iran may come to an end soon. This cites that the military operations are progressing faster than expected. The President made these remarks during a phone interview with Weija Jiang, CBS White House Correspondent. In which he was
U.S. officials met with banking leaders and crypto industry representatives at the White House on Thursday to revisit one of the most divisive issues in digital-asset legislation: stablecoin rewards. Lawmakers continue to debate how to regulate yield or incentive programs tied to dollar-pegged tokens under the proposed CLARITY Act. The
The White House has revealed that major disagreements remain between the crypto firm and the banking sector on how the stablecoins should be regulated. Crypto firms have prepared to discuss a compromise solution, but the banking sector continues to prohibit any form of yield, incentives, or benefits tied to holdings
The White House is planning a high-level meeting with the executives from the major crypto companies and traditional banks to break the disagreement over the U.S. crypto market structure bill. The bill is meant to set long-term rules for the digital assets operating in the U.S. This bill is delayed
Tensions have escalated between the Trump Administration and the Coinbase exchange because the platform suddenly pulled its support for the Digital Asset Market Clarity Act, and rumors have been spreading that the Trump White House is pulling the plug on the bill. Fox Business reporter Eleanor Terrett said in a
Ji Kim, the new CEO of the Crypto Council for Innovation, says the US is ready to take the lead in the global crypto race following a recent White House report on digital assets. The report pushes for better coordination between the SEC and CFTC, ending their long fight over
David Sacks, the newly appointed White House AI and crypto czar, offloaded over $200 million in digital assets and crypto-related stocks before assuming his role. A White House memorandum dated March 5 confirmed that Sacks personally accounted for $85 million of the sales. He divested major crypto assets like Bitcoin
The White House has confirmed the creation of a Strategic Bitcoin Reserve, a move outlined in an executive order signed by President Donald Trump. This initiative comes just one day before the administration’s first-ever crypto summit. The order directs the Treasury Department to establish an office managing the reserve, which
