By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Regulation concerns arise as the Biden administration prepares to release an executive order in February to regulate Bitcoin as a matter of “national security”.The reason behind the exectutive order is Bitcoin’s impact to the U.S. dollar as global reserve currency, but also the difficulty in tracking … [Read more...] about Concerns Arise as Biden Prepares to Regulate Bitcoin
Biden
Biden Administration to Release Executive Order on Crypto as Early as February: Report
The White House is readying an executive order for release as early as next month that will outline a comprehensive government strategy on cryptocurrencies and ask Federal agencies to determine their risks and opportunities, Bloomberg reported on Friday, citing unnamed sources. Source link … [Read more...] about Biden Administration to Release Executive Order on Crypto as Early as February: Report
Biden to Tap Sarah Bloom Raskin for Fed’s Powerful Vice Chair for Supervision: Report
U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve's vice chair for supervision, CNBC reported on Thursday, citing people familiar with the matter. The president will also tap Lisa Cook and Philip Jefferson as Fed governors, according the report. Source link … [Read more...] about Biden to Tap Sarah Bloom Raskin for Fed’s Powerful Vice Chair for Supervision: Report
The Big Miss in the Biden Administration’s Stablecoin Report
Stablecoins are that bridge, and they create two types of risk for the banking system. First, stablecoin reserves are often held in the form of bank deposits. Second, when they are not held by banks, those reserves are often held in the types of securities that banks and other systemically important financial institutions also hold – i.e., Treasury bonds and short-term … [Read more...] about The Big Miss in the Biden Administration’s Stablecoin Report
Biden Renominates Powell as Fed Chair, Appoints Brainard Vice Chair
U.S. President Joe Biden has re-nominated Powell as the next Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years.Biden appears to have gone with the candidate who was better known to investors, while providing economic policy continuity. Powell helped to steer the world’s biggest … [Read more...] about Biden Renominates Powell as Fed Chair, Appoints Brainard Vice Chair