Tag: House

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White House study bolsters crypto’s stance in stablecoin yield fight against bankers

A White House report released Wednesday directly challenges the banking industry's claims that stablecoin yields would drain deposits and weaken lending to households and...

Stablecoin Yield Ban Would Barely Boost Bank Lending, White House Finds

A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides.According to...

White House Clears DOL Key Rule Proposal

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Department of Labor’s (DOL) proposed rule to allow crypto investment options...

White House crypto czar David Sacks transfers to presidential advisory committee role

White House AI and Crypto Czar David Sacks is changing titles and joining the President’s Council of Advisors on Science and Technology as co-chair,...

David Sacks Leaves White House Crypto Role With Key Legislation Still Unresolved

In brief Sacks said he stepped down after reaching the 130-day limit for special government employees. He had pushed for market structure and stablecoin legislation but...

Top Democrat on House committee questions Kraken’s Federal Reserve account

U.S. Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, is questioning the limited "master account" obtained by crypto exchange Kraken...

President Trump Names Meta, Nvidia CEOs to White House Tech and Science Council

In brief President Trump appointed the first members of his President's Council of Advisors on Science and Technology (PCAST). The council will be co-chaired by David...

SEC Sends Proposed Crypto Interpretation to White House for Review

The financial regulator’s plan to reinterpret how federal securities laws apply to crypto assets is ”pending review” by the White House’s Office of Management...

Crypto firms are ditching hundreds of workers to bet the house on AI

The Algorand Foundation on Wednesday joined the ranks of crypto firms slashing headcount, losing 25% of its fewer than 200 employees and citing "the...

Finally some clarity? Senators, White House strike deal to end crypto-banking standoff – DL News

The White House and senators have reached an agreement to advance the deadlocked Clarity Act, according to reports.The legislation has been at a standstill...

Early CLARITY Act Deal Reached Between White House and US Lawmakers: Report

Rumors are circulating that a tentative deal has been struck between the White House and US lawmakers on stablecoin yield, potentially moving the CLARITY...

White House Reaches Tentative Crypto Agreement: Report

Key senators and the White House have reached a tentative agreement on cryptocurrency legislation aimed at resolving a dispute between banks and...