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carlp • Jun 22, 2024, 4:36 am EDT

Winklevoss Twins Donate Over $2 Million in Bitcoin to Trump: A Stand Against the Biden Administration’s Crypto Policies

In a significant show of support for former President Donald Trump, Cameron and Tyler Winklevoss have donated 30.94 Bitcoin, valued at over $2 million, to his campaign. The Winklevoss twins, renowned for their early investment in Bitcoin and the founding of the Gemini cryptocurrency exchange, made the announcement on X, expressing their discontent with the Biden Administration’s aggressive and hostile approach to bitcoin and cryptocurrency regulation. A Unified Front for Crypto Advocacy The Winklevoss twins are not alone in their support for Trump. Their donation is part of a broader trend among prominent figures in the cryptocurrency community, including Bitcoin

3 minutes

arusso • May 24, 2024, 5:26 pm EDT

U.S. House Passes Bill to Ban Federal Reserve from Issuing CBDC

In a party line vote, the U.S. House of Representatives has passed a bill aimed at preventing the Federal Reserve from developing a central bank digital currency (CBDC). The legislation, known as the CBDC Anti-Surveillance State Act, was introduced by Majority Whip Tom Emmer (R-Minn.) and has sparked significant debate along party lines. Republicans, led by Emmer, argue that a U.S. CBDC could pave the way for government overreach and surveillance. Emmer has expressed fears that a digital dollar would allow the federal government to monitor Americans’ transactions closely, potentially stifling politically unpopular activities. The perspective aligns with that of

3 minutes

carlp • May 23, 2024, 3:35 pm EDT

Trump Campaign to Accept Cryptocurrency Donations

Donald Trump has become the first major party candidate to accept cryptocurrency donations for his 2024 presidential campaign. While other candidates like RFK Jr. and Vivek Ramaswamy have embraced crypto, Trump is the first major party candidate to do so, marking a significant shift in the political landscape. Crypto Becomes a Hot Topic in the 2024 Presidential Race Bitcoin and cryptocurrency have emerged as pivotal issues in the 2024 U.S. Presidential race. The current administration has taken a stringent stance against the industry, with efforts to label crypto users as criminals. Leading Democratic Senators, such as Elizabeth Warren, have openly

3 minutes

johnd • May 20, 2024, 2:32 pm EDT

Oklahoma Becomes First U.S. State to Legally Protect the Right to Self-Custody Bitcoin

Oklahoma has made history by becoming the first U.S. state to legally protect its residents’ right to self-custody Bitcoin. Governor Kevin Stitt recently signed HB 3594 into law, marking a significant milestone for cryptocurrency users in the state. This new legislation empowers Oklahoma citizens to control their digital assets without state interference, reflecting a forward-thinking approach to Bitcoin and digital finance. Key Features of the Legislation The new law, effective November 1, ensures that residents of Oklahoma have the autonomy to hold, control, and use their digital assets freely. Here are the notable implementations: Widespread Legislative Support The bill, backed

3 minutes

satoshin • May 14, 2024, 12:27 pm EDT

The Bipartisan Effort to Safeguard Bitcoin Innovators from Biden Overreach

Bipartisan Senators Challenge DOJ’s New and Aggressive Interpretation of Bitcoin Regulations U.S. Senators Cynthia Lummis (R-WY) and Ron Wyden (D-OR) have expressed significant concerns to Attorney General Merrick Garland regarding the Justice Department’s reinterpretation of money transmission laws as they pertain to digital assets. A letter issued last week detailed critique of the DOJ’s recent policy shift, arguing that the new interpretation is not only a deviation from established definitions by the Financial Crimes Enforcement Network (FinCEN) but also a significant threat to the digital economy’s entrepreneurial spirit. Senator Lummis emphasized the necessity of protecting the ability for Americans to

2 minutes

arusso • May 9, 2024, 4:17 pm EDT

U.S. Politics Heat Up: Implications for Bitcoin and Crypto as 2024 Election Approaches

As the 2024 U.S. presidential election looms, the stakes are particularly high for the Bitcoin and cryptocurrency communities. The political arena is already witnessing significant developments that could shape the future of digital assets in the country. Biden Administration’s Stance on Crypto Legislation The Biden administration has continually expressed a hostile approach towards cryptocurrencies. President Joe Biden indicated he would veto any legislation allowing highly regulated financial firms to custody Bitcoin and other cryptocurrencies. This stance came into sharper focus following a resolution passed by the U.S. House of Representatives. The resolution aimed to reject the Securities and Exchange Commission

2 minutes

johnd • Apr 18, 2024, 4:24 pm EDT

House Passes FISA 702 Renewal & Looks to Expand Surveillance Powers

Instead of letting the Patriot Act expire, the way it was always intended to, it’s being expanded. The US House of Representatives has passed the renewal of Section 702 of the Foreign Intelligence Surveillance Act (FISA), embedded within the Reauthorization of the Intelligence Surveillance Act (RISAA). The bill, passed last Friday, contains what could be the most substantial expansion of domestic surveillance since the Patriot Act, according to critics like Senator Ron Wyden, who described the expanded powers as “terrifying.” Under the existing framework, electronic communications service providers such as Verizon and Google are compelled to assist the NSA in

2 minutes

satoshin • Apr 8, 2024, 2:50 pm EDT

Louisiana State Legislature Unanimously Approves Bitcoin Rights Bill

Louisiana has officially become the 11th state to adopt groundbreaking legislation that significantly bolsters the rights of Bitcoin users, marking a notable trend in state-level pro-Bitcoin legislation. The bill, unanimously passed with a 103-0 vote in the State House of Representatives, was sponsored by Louisiana State Representative Mark Wright. Dennis Porter, CEO of the Satoshi Action Fund, lauded the bill as a testament to Bitcoin’s rising importance. “This landmark bill led by Mark Wright is indicative of the growing recognition of Bitcoin’s significance in today’s digital economy,” Porter noted. Central to this legislation is the guaranteed freedom for individuals to

2 minutes

carlp • Feb 12, 2024, 6:58 pm EST

Another Federal “Emergency” is Just an Excuse to Collect Bitcoin Mining Data.

In a recent, controversial move, the Energy Information Administration (EIA) of the United States has initiated an emergency data collection on Bitcoin mining operations. This step, taken amidst growing, albeit debunked, concerns over electricity systems and market uncertainties, raises significant questions about the future of Bitcoin mining in the U.S. and its impact on the power grid. Bitcoin Mining’s Unexpected Role During the Texas Winter Storm Interestingly, the EIA’s decision coincides with an event demonstrating Bitcoin mining’s potential benefits to the power grid. During a severe winter storm in Central Texas, Bitcoin miners voluntarily shut down operations, alleviating stress on

3 minutes

Kenneth Shortrede • Jan 15, 2024, 5:35 pm EST

Argentina’s Journey into Financial Innovation: Embracing Bitcoin and Economic Freedom

Argentina has recently made a significant advancement in financial modernization with the establishment of its first Bitcoin rent contract. In the first move of its kind, a rental agreement in the city of Rosario was established to be paid in Bitcoin every month, for the equivalent of 100 USD at the time of each transaction. This groundbreaking initiative follows President Javier Milei’s recent policy, which permits contractual agreements in any chosen currency or commodity, whether traditional options like dollars or more unconventional ones like Bitcoin, other cryptocurrencies, oil, or even milk gallons – symbolizing absolute freedom for the individuals. Under

3 minutes