Category: Joe Biden

President Elect Biden to Propose New $1.5 Trillion Stimulus Plan, Will Bitcoin See Another Mammoth Rally?

The incoming US President Joe Biden is all set to take oath on January 20 and many believe his first task in the office would be to work on a new stimulus deal that could be worth $1.5 trillion. A recent report by Reuters suggests that Congress was due to hear the new deal today, […]

Continue Reading

US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman

US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman

The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According […]

Continue Reading

Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the […]

Continue Reading

Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding […]

Continue Reading

‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’

‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’

Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent […]

Continue Reading

Trump Elect SEC Chairman Announces Early Departure, Could This Pave Way for Bitcoin ETF?

Security and Exchange Commission (SEC) chairman Jay Clayton has informed that he would be concluding his term early by this year’s end as opposed to his official term until June 2021. Clayton was appointed by Trump and his decision is believed to be linked to the defeat of Donald Trump in the highly controversial US […]

Continue Reading

The Biden transition team just added one of the country’s most serious thinkers on the future of payments

The Biden transition team just added one of the country’s most serious thinkers on the future of payments

Quick Take Former CFTC chair Gary Gensler is no crypto enthusiast, but he takes the underlying payments technology very seriously. As an MIT professor, Gensler argued that cryptocurrency has exposed shortcomings in traditional existing payments infrastructure. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on […]

Continue Reading

Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’

Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’

In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed addressing climate change for the first time. A […]

Continue Reading

Blockchain-Backed Election Art Sells for $66K, Animation Changes After Electoral College Decision

Blockchain-Backed Election Art Sells for $66K, Animation Changes After Electoral College Decision

While Americans wait for the official outcome of the electoral college, a blockchain-backed non-fungible token (NFT) called “Crossroad” will change to one of two animations featuring the 45th U.S. President Donald Trump. The animated election-based “Crossroad” NFT recently sold for a whopping $66,666 to a user named “Pablo.” Non-fungible tokens have been very popular in […]

Continue Reading

Joe Biden transition team adds former CFTC chair and crypto-focused academic Gary Gensler

Joe Biden transition team adds former CFTC chair and crypto-focused academic Gary Gensler

Gary Gensler, who chaired the Commodity Futures Trading Commission (CFTC) during the Obama administration, will lead the financial policy transition team for projected U.S. president-elect Joe Biden. CoinDesk confirmed the move today after the Wall Street Journal reported on Friday that Biden was expected to bring on Gensler. As CFTC chair, Gensler oversaw substantial reforms […]

Continue Reading