white house – Page 2

US Senators Press Biden Administration for Measures to Counter ‘Serious National Security Threats’ Linked to North Korea, Crypto

August 8, 2023

U.S. senators have pressed the Biden administration for measures to counter “serious national security threats” posed by North Korea’s dependence on cryptocurrency. According to the lawmakers, North Korea is using crypto “to evade harsh sanctions and support its ambitions to project geopolitical power through nuclear weapons and ballistic missiles.” US Lawmakers Concerned About ‘Serious National…
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Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials

August 3, 2023

Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota for another month, according to a statement from the Saudi…
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White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’

August 3, 2023

Fitch Ratings has downgraded the United States’ debt rating. Biden officials call the downgrade decision “bizarre and baseless.” Both the White House and U.S. Treasury Secretary Janet Yellen strongly disagreed with the downgrade decision. Yellen claimed that the change by Fitch Ratings “is arbitrary and based on outdated data.” Fitch Downgrades US Rating Fitch Ratings,…
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White House Says US Policy Allows Partners to Seek BRICS Membership

July 27, 2023

The White House has affirmed that U.S. policy does not ask partners to choose between the U.S. and other countries, including the BRICS nations. “The U.S. does not want to limit countries’ partnership with other countries,” said Press Secretary Karine Jean-Pierre. More than 40 countries have expressed interest in joining the BRICS group, and around…
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Two more crypto bills in the US: Law Decoded, July 17–24

July 24, 2023

Last week was marked by two new legislative initiatives for the crypto industry in the United States. Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions…
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AI companies commit to safe and transparent AI — White House

July 22, 2023

The Biden Administration emphasized the responsibility of AI companies to ensure their products are safe for use. On July 21, The White House announced that prominent artificial intelligence (AI) companies, such as OpenAI, Google and Microsoft, have committed to developing AI technology that is safe, secure and transparent. The White House also acknowledged other companies…
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Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami’s conference

July 9, 2023

The recent investment disclosure contrasts with his claims in May that he was not an investor in Bitcoin. Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not an investor in the leading cryptocurrency. A record obtained by CNBC shows Kennedy…
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Balaji Srinivasan Highlights De-Dollarization Past of Biden’s Top Economist

June 22, 2023

Former Chief Tech Officer at Coinbase, Balaji Srinivasan, took to Twitter to remind his followers about Jared Bernstein’s earlier stance on de-dollarization. The angel investor sees logic in views that the new White House top economist has now abandoned, on the U.S. dollar’s status as a global reserve currency . Not a Bitcoin Maximalist —…
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Biden, Republicans Strike Tentative Deal to Raise US Debt Ceiling

May 28, 2023

The White House and House Republicans have reached an agreement in principle to raise the U.S. debt ceiling. Described by President Joe Biden as “good news for the American people,” the deal would open the door to avoiding a historic default by the government in Washington and averting not just a potential economic catastrophe in…
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Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida

May 13, 2023

On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money. Florida Puts the Brakes on CBDCs The…
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