The SEC published a new Staff Accounting Bulletin revoking SAB 121, rules that governed how financial firms should hold crypto criticized by the industry. Source link
Day: January 23, 2025
Elizabeth Warren proposes Elon Musk pay more taxes for gov’t efficiency
Senator Elizabeth Warren urged DOGE Chair Elon Musk to cut wasteful spending, proposing full IRS funding and closing the carried interest loophole. Source link
Bitcoin drops after Trump signs executive order on crypto and ‘national digital asset stockpile’
Bitcoin price falls after President Trump signs an executive order creating a working body for researching and designing a “national digital asset stockpile.” Source link
Chinese traders made millions from TRUMP, Coinbase in Philippines? Asia Express
Top Chinese crypto traders earn millions on TRUMP, Coinbase may expand to Philippines, what on Earth is Bimcoin? Asia Express. Source link
Vitalik Buterin takes aim at ‘unlimited political bribery’ using tokens
The Ethereum co-founder warned against crypto projects offering “sugar-high short-term fun” rather than those used to build wealth. Source link
President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC)
Today, U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.” “Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote…
Morgan Stanley to explore crypto offerings for clients — CEO
The financial services giant is also considering adding crypto to its trading platform, E-Trade, due to a change in regulatory climate. Source link
Trump Signs Executive Order to Explore a U.S. Strategic Bitcoin Reserve
President Donald Trump has signed a Executive Order titled “Strengthening American Leadership in Digital Financial Technology.” The directive lays out a bold vision for bolstering the United States’ position in the global digital asset economy—most notably embracing open blockchain networks like Bitcoin while flatly prohibiting the development of Central Bank Digital Currencies (CBDCs). A Major Shift Toward Bitcoin At the core of the order is an explicit policy to support the responsible growth and use of digital assets, championing citizens’ right to access and utilize open public blockchain networks without…
Trump signs executive order for crypto working group, prohibiting CBDC
The working group established under the EO will explore federal regulations for stablecoins and a national digital asset stockpile. Source link
Trump signs executive order on crypto, moving closer to a strategic Bitcoin reserve
Key Takeaways Trump issued an executive order establishing a Presidential Working Group on Digital Asset Markets, further moving closer to a strategic Bitcoin reserve. Speculation grows on a strategic Bitcoin reserve as Cynthia Lummis leads efforts in bipartisan digital asset legislation. Share this article President Donald Trump has signed an executive order establishing the Presidential Working Group on Digital Asset Markets. The order aims to develop federal regulations for digital assets, including stablecoins. Additionally, the working group will evaluate the creation of a strategic national digital assets stockpile, fueling speculation…