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Tom Emmer says Biden administration is targeting crypto

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March 17, 2023

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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...

Biden urges US citizens to trust banks amid ongoing collapse

0xMain
March 14, 2023

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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...

President Biden assures taxpayers SVB and Signature Bank losses contained

0xMain
March 13, 2023

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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...

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Biden Budget Plan proposes taxes to reduce crypto wash trades

0xMain
March 9, 2023

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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,...

Biden administration is all eyes on the Silvergate saga

0xMain
March 7, 2023

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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...

Joe Biden chooses crypto skeptic as his top economic adviser

0xMain
February 17, 2023

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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...