News with the tag "US Government"

The US Producer Price Index (PPI) for July showed a significant rise, triggering a market downturn with over $500 million in crypto long positions liquidated.

Grassroots organizations, backed by crypto entities like Coinbase, are mobilizing millions of voters and influencing crypto legislation in the U.S., while state-level efforts are shaping favorable regulatory environments.

President Trump is set to appoint a new Federal Reserve governor following Kugler's resignation and has dismissed the Bureau of Labor Statistics (BLS) head, Erika McEntarfer, amid disputes over a jobs report.

Alex Rampell of a16z warns that major U.S. banks are engaging in 'Operation Chokepoint 3.0' to suppress fintech and crypto platforms by imposing high fees and blocking financial apps, and calls for regulatory enforcement of existing laws to protect consumer access to financial data.

The U.S. jobs report for July 2025 showed weaker-than-expected job growth, with only 73,000 jobs added and unemployment rising to 4.2%, leading to increased bets on a Federal Reserve rate cut and a muted reaction in Bitcoin prices.

The US Federal Reserve's decision to hold interest rates steady contrasts with global rate cuts, delaying a potential crypto market rally, though analysts believe a future rate cut could significantly boost Bitcoin and altcoins.

SEC Chairman Paul S. Atkins announced 'Project Crypto', a new initiative to position the U.S. as a global leader in blockchain finance by overhauling regulatory frameworks and promoting innovation in the crypto industry.

Scallop, an international crypto firm, has obtained a Money Services Business (MSB) license in the United States, enabling it to expand its regulated crypto-fiat banking services and compete with major financial platforms.

The 'Honest Act' advances in the Senate, aiming to prohibit stock trading by lawmakers and their spouses, with the White House highlighting Speaker Nancy Pelosi's financial growth as a key example.

The White House has expressed support for a Strategic Bitcoin Reserve and released its first major crypto policy report, outlining regulatory roles and opposing a central bank digital currency.