Category: U.S. Treasury Secretary

U.S. lawmakers introduce crypto taxes in infrastructure deal, pegs $28 billion in additional revenue

All bipartisan infrastructure deals settled with crypto payments will henceforth attract additional taxes. The bill has spurred backlash from the crypto community as crypto firms aren’t equipped to report such data. U.S. lawmakers have made some last-minute additions to its bipartisan infrastructure deal. In a move to raise an additional $28 billion in taxation revenue, […]

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Stablecoin War: Paxos Calls Out Tether (USDT) and Circle (USDC) for Issuing Non-Regulated stablecoins

Amid the growing demand for regulating the use of stablecoins, Paxos has called out Tether (USDT) and Circle (USDC) for issuing non-regulated stablecoins. Paxos’ General Counsel and Chief Compliance Officer Dan Burstein has lashed out at the two players, in what he claims to be false claims. Recently, Circle claimed that USDC is the “world’s […]

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US House Representative Ro Khanna Lauds BTC Which ‘Cannot Be Devalued’- Calls for Less Carbon Intensive Mining

After Elizabeth Warren, the U.S. Senator for Massachusetts called bitcoin a speculative asset, Ro Khanna, the U.S. House Representative for California has spoken in favor of the crypto asset. In his Twitter statement, Khanna says “bitcoin just like digital gold cannot be devalued.” Khanna also lauds the crypto asset’s decentralization, an attribute which he says […]

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U.S. Treasury Secretary Calls Top Financial Regulators Meeting to Discuss Recent Market Volatility

Janet Yellen, US Treasury Secretary has called for a meeting of top financial regulators to discuss the recent market volatility owing to a massive price surge in GameStop(GME), AMC, and Silver courtesy of social media frenzy especially Reddit. Yellen would reportedly talk to the head of the SEC, CFTC, and the Federal Reserve, as per […]

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BlackRock & Barclays Share Contrasting Views on Bitcoin (BTC), Institutional Game Gets Tough

As Bitcoin (BTC) price continues to trade at a crucial junction, there’s a mix of views coming from institutions on Bitcoin. On Wednesday, January 20th, the world’s largest asset manager BlackRock filed with the U.S. SEC seeking exposure to bitcoin (BTC). On the other hand, Barclays clearly opposed the Bitcoin adoption among wealthy investor. BlackRock […]

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Former US Treasury Secretary Larry Summers Says Bitcoin ‘Is Here to Stay’

Former US Treasury Secretary Larry Summers Says Bitcoin ‘Is Here to Stay’

Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience. In his latest comments about bitcoin, Summers, who in 2016 became a senior adviser […]

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Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency

Bitcoin (BTC) remains a hot topic of discussion among top delegates and institutions of the world. The former U.S. Treasury Secretary Larry Summers has recently endorsed Bitcoin saying that it is here to stay. During an interview with the Bloomberg Wall Street Week, Summers said: “I think some institution, like Bitcoin (BTC), is here to stay. […]

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Max Keiser: Bitcoin (BTC) Has Attained “Escape Velocity from Regulators”, No Fear from Janet Yellen

The latest Bloomberg report from last week suggested that Bitcoin (BTC) has started facing regulatory scrutiny after its massive rally recently. The report arrived soon after the U.S. SEC filed a lawsuit against Ripple on the alleged sale of XRP as unregistered securities. However, crypto analyst Max Keiser notes that there’s nothing to fear here. […]

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