Category: white house

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Crypto tumblers, exchanges under microscope as DOJ launches new task force

Under the pretext of holding corrupt actors accountable, the new taskforce will address crimes related to the criminal misuse of cryptocurrency. The White House, under the Biden-Harris administration, introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to…
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Digital dollar needs broad consensus among authorities, says US Treasury Secretary

Such a move would require broad consensus among Congress, the U.S. central bank and the White House. U.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. Yellen said on Thursday that she had not formed…
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House passes $1T infrastructure bill with crypto tax for Biden’s approval

The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage. The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.…
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World’s Largest Monero Accepting Darknet Market Reveals Retirement Plan — White House Admins Say DNM ‘Reached Its Goal’

One of the largest darknet markets (DNM), White House, announced the market is retiring as the DNM’s administrators say the team has reached its goal. After revealing the retirement plan, White House admins explained that user registration and orders have been disabled. Darknet Market White House Plans to Close Its Doors Soon, User Registration and…
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Biden administration is reportedly reviewing ‘gaps’ in crypto regulation

White House officials are believed to be examining existing rules around cryptocurrencies and whether new restrictions are needed to protect investors from massive drawdowns like we saw last week. Officials within the Biden administration are reportedly studying “gaps” in cryptocurrency regulations following the latest bout of volatility in the market, sending a signal that new…
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