Biden

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17 Mar 23

Tom Emmer says Biden administration is targeting crypto

After the pro-cryptocurrency Silvergate Bank was shut down, several industry insiders have speculated that the U.S. government is actively targeting the cryptocurrency sector. U.S. Representative Tom Emmer claimed on March. 16 that the government headed by president Biden looks to be “weaponizing market instability to crush crypto.” His investigation led him to write to the head of […]

14 Mar 23

Biden urges US citizens to trust banks amid ongoing collapse

Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking industry, The Federal Deposit Insurance Corporation (FDIC) took possession of Silicon Valley Bank’s assets on […]

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13 Mar 23

President Biden assures taxpayers SVB and Signature Bank losses contained

President Biden has assured the senate banking committee that taxpayers will not bear the brunt of any potential losses incurred by SVB Financial Group and Signature Bank, in response to concerns about their financial soundness. According to president Biden, U.S. taxpayers will not bear the brunt of any potential losses incurred by SVB Financial Group […]

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09 Mar 23

Biden Budget Plan proposes taxes to reduce crypto wash trades

U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce wash sales. Currently, crypto investors can trade any cryptocurrency at a loss, claim the losses on taxes, and buy the same token at the […]

07 Mar 23

Biden administration is all eyes on the Silvergate saga

According to a White House representative, Joe Biden’s administration is “informed of the issue” at Silvergate. As the situation develops, it will continue to follow news on the problematic bank. On March 6, at a press conference, White House’s spokesperson Karine Jean-Pierre said that she would not be commenting directly on Silvergate but that the […]

17 Feb 23

Joe Biden chooses crypto skeptic as his top economic adviser

President Joe Biden is set to name Federal Reserve Vice Chair Lael Brainard as his top economic adviser on Feb. 15. The White House has been evaluating several senior officials in the federal government to replace National Economic Council Director Brian Deese, including deputy Treasury Secretary Wally Adeyemo and Brainard. Brainard, a Fed governor since […]

05 Jan 23

Sam Bankman-Fried meeting with Biden administration prompts speculation

This week, the Biden administration announced that Sam Bankman-Fried (SBF) had met with Biden aides to discuss ‘pandemic prevention.’ The announcement raised questions and suspicions among the public. On one hand, SBF gave $25 million to the Protect Our Future PAC, which focuses on pandemic preparedness. On the flip side, SBF also gave $50,000 directly […]