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The Social Security Administration (SSA) has explicitly stated that rumors of a 50% or more reduction of its workforce are false. The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon…
Tim Scott, chairman of the Senate Banking Committee, emphasized that the Committee has already advanced several crypto regulatory goals. Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025. The chairman also…
The Trump administration’s global “reciprocal tariffs” could see cheaper crypto mining rigs for non-US miners as manufacturers look to offload stock initially intended for the US. The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to…
The US Department of Justice has reportedly disbanded the Biden-era National Cryptocurrency Enforcement Team. The United States Department of Justice (DOJ) is reportedly disbanding the National Cryptocurrency Enforcement Team (NCET). NCET’s disbandment was noted in a four-page memo by United States Deputy General Todd Blanche, according to a Fortune journalist who claims to have seen…
Lawmakers, developers, and investors increasingly see stablecoins as a way to protect the US dollar’s global reserve currency status. Stablecoins are the single best tool for the United States government to maintain the US dollar’s hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino. In an interview with Cointelegraph, the…
The total stablecoin market cap has topped $228 billion and currently accounts for 1.09% of the US M2 money supply, according to RWA.XYZ. The United States Securities and Exchange Commission (SEC) released a statement on April 4 establishing guidelines for stablecoins. In an April 4 statement, the agency minted a new term, “covered stablecoins,” classifying…
Economic observers are concerned over Trump’s tariff policy, which has markets worried about a possible recession. US President Donald Trump introduced a slew of tariffs on April 2, sending markets into a tailspin and dividing crypto observers as to their possible long-term effects. At a special event at the White House, Trump signed an executive…
Lawmakers and even some crypto advocates are concerned about “regulatory capture” — the effect large crypto firms are having on the legislative process. The crypto industry’s sway in Washington DC has made it more likely that the industry will get beneficial legislation, but it’s also creating problems. Concerns of regulatory capture — a situation in…
Coin Bureau founder Nic Puckrin said he expects two 25 basis point rate cuts from the Federal Reserve in 2025 and no quantitative easing. The United States has a 40% chance of a recession in 2025 amid the potential for a protracted trade war and macroeconomic uncertainty, according to market analyst and Coin Bureau founder…
Wyoming has selected LayerZero as its partner for the state’s planned stablecoin, according to an announcement at the DC Blockchain Summit. Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch. Speaking…