The SEC has a new boss for its Corporation Finance Division. James Moloney, a well-known figure in corporate securities law, is stepping into this important role. He's no stranger to the SEC, having worked there before from 1994 to 2000. After that, he spent time at a big law firm, Gibson Dunn & Crutcher, where he was a key player in their securities regulation and c...
The person in charge of the U. S. tax agency's digital currency team, Trish Turner, is stepping down. This move happens just as new tax rules for cryptocurrencies are about to take effect. Turner is leaving for a job in the private sector, and it's not clear who will take over her role. The IRS has recently introduced new rules and forms for taxing digital assets. T...
The financial world just got a major shake-up. President Donald Trump has signed an executive order that could change how millions of Americans save for retirement. This order allows digital currencies like Bitcoin and Ethereum to be part of retirement plans, such as 401(k)s and IRAs. This is a big deal because it's the first time something like this has happened. J...
The U. S. is making a bold move in the world of home loans. Fannie Mae and Freddie Mac, two big names in the mortgage game, will now consider cryptocurrencies as assets when they check if someone can afford a home loan. This is a pretty big deal because it shows that digital money is becoming more accepted in the real world. The Federal Housing Finance Agency (FHFA)...
Donald Trump's second term has brought new ways for people to support him financially. These methods are digital and more accessible than before. Trump's business empire has grown into the online world. This includes a social media platform, a cryptocurrency, and a decentralized finance protocol. These ventures allow people to direct money to Trump's businesses easil...
The U. S. government has decided to create a special Bitcoin reserve. This move is all about securing a piece of the digital gold rush. Bitcoin, the first cryptocurrency, has a limited supply of 21 million coins. This scarcity makes it valuable, like gold. The U. S. already has some Bitcoin, but it hasn't had a plan to use it as a strategic asset. Now, the government...
The White House has made a bold move into the world of cryptocurrency. The government is now holding onto a massive amount of Bitcoin and other digital tokens, all of which were seized during criminal or civil cases. This move, announced by David Sacks, the White House's point person for AI and cryptocurrency, is part of a new executive order. The goal? To create a S...
The world of finance is always changing, and the recent events have shown us that. We are talking about the Russian-Ukrainian crisis and the Silicon Valley Bank (SVB) collapse. These events have been a test for both traditional and digital assets. Let's talk about Bitcoin. Many people thought it would be a safe haven during the geopolitical crisis. But, it t...
President Trump has finally taken action in the world of digital assets. But if you thought he was creating a Bitcoin stockpile, think again! His executive order, titled "Strengthening American Leadership In Digital Financial Technology, " doesn't do that. Instead, it revokes an order from the previous administration that looked into monitoring digital assets and dev...
President Donald Trump has signed a new executive order aimed at boosting the use of cryptocurrencies in the United States. This order also considers creating a national digital asset stockpile, marking a shift from Trump's earlier stance as a critic of crypto assets like Bitcoin. The order comes after Trump's appointment of venture capitalist David Sacks as the coun...