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White House silent on whether it will return $5.2M in donations from SBF

White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried. “Will the president return that donation?” Associated Press reporter Zeke Miller asked in a Dec. 13 press briefing, “does he call on all politicians who got campaign donations that may have come from customer money to return those funds?” “I’m covered here by the Hatch Act,” Jean-Pierre responded, adding she was “limited on what I can say.” ”Anything that’s connected to political contributions, from here I would have to refer you to the DNC,” she said in reference to the Democratic National Committee — the governing body of the U.S. Democrat...

White House OSTP department analyzes 18 CBDC design choices for the US

As directed by the President of the United States, Joe Biden, the Office of Science and Technology Policy (OSTP) submitted a report analyzing the design choices for 18 central bank digital currency (CBDC) systems for possible implementation in the US. The technical analysis of the 18 CBDC design choices was made across six broad categories — participants, governance, security, transactions, data and adjustments. The OSTP foresees technical complexities and practical limitations when trying to build a permissionless system governed by a central bank, adding: “It is possible that the technology underpinning a permissionless approach will improve significantly over time, which might make it more suitable to be used in a CBDC system.” However, the analysis assumed there is a central authority ...

White House publishes ‘first-ever’ comprehensive framework for crypto

Following President Joe Biden’s executive order on Ensuring Responsible Development of Digital Assets, federal agencies came up with a joint fact sheet on 6 principal directions for crypto regulation in the United States. It sums up the content of 9 separate reports, which have been submitted to the president to “articulate a clear framework for responsible digital asset development and pave the way for further action at home and abroad.” The fact sheet was published on the White House official website on Sept. 16, and consists of 7 sections: (1) Protecting Consumers, Investors, and Businesses; (2) Promoting Access to Safe, Affordable Financial Services; (3) Fostering Financial Stability; (4) Advancing Responsible Innovation; (5) Reinforcing Our Global Financial Leadership and Competitiven...

Chips bill provides for blockchain specialist position in White House science office

The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over a year ago, provides grants and incentives to the semiconductor industry and encourages research. It also creates a blockchain and cryptocurrency specialist position in the White House Office of Science and Technology Policy (OSTP). The bill passed the Senate on Wednesday. It has an overall price tag of $280 billion, which includes $52 billion in grants and incentives for U.S. semiconductor manufacturers who face fierce competition from China, and $170 billion in incentives for research. It is expected to contribute to the easing of supply chain issues in the industry as well. ️ Good news from DC: the Chips Bill just app...

Matthew McConaughey Demands Gun Control Reform At The White House

Source: The Washington Post / Getty As the nation is still processing the grief in the wake of the mass shooting last month in Uvalde, Texas, Matthew McConaughey appeared at the White House to make an earnest demand for gun reform legislation. On Tuesday (June 7th), the actor and Ulvade native was in Washington D.C. to speak with several lawmakers on Capitol Hill and with President Joe Biden about gun control legislation. As the daily press briefing from the White House took place, he was invited to speak to the reporters assembled in the room. McConaughey began by talking about how he and his wife Camilla went back to his hometown and met the parents of several of the children who died in the mass shooting at Robb Elementary School, as the briefing was carried live by cable networks. “You...

Matthew McConaughey Demands Gun Control Reform At The White House

Source: The Washington Post / Getty As the nation is still processing the grief in the wake of the mass shooting last month in Uvalde, Texas, Matthew McConaughey appeared at the White House to make an earnest demand for gun reform legislation. On Tuesday (June 7th), the actor and Ulvade native was in Washington D.C. to speak with several lawmakers on Capitol Hill and with President Joe Biden about gun control legislation. As the daily press briefing from the White House took place, he was invited to speak to the reporters assembled in the room. McConaughey began by talking about how he and his wife Camilla went back to his hometown and met the parents of several of the children who died in the mass shooting at Robb Elementary School, as the briefing was carried live by cable networks. “You...

Matthew McConaughey Demands Gun Control Reform At The White House

Source: The Washington Post / Getty As the nation is still processing the grief in the wake of the mass shooting last month in Uvalde, Texas, Matthew McConaughey appeared at the White House to make an earnest demand for gun reform legislation. On Tuesday (June 7th), the actor and Ulvade native was in Washington D.C. to speak with several lawmakers on Capitol Hill and with President Joe Biden about gun control legislation. As the daily press briefing from the White House took place, he was invited to speak to the reporters assembled in the room. McConaughey began by talking about how he and his wife Camilla went back to his hometown and met the parents of several of the children who died in the mass shooting at Robb Elementary School, as the briefing was carried live by cable networks. “You...

Matthew McConaughey Demands Gun Control Reform At The White House

HipHopWired Featured Video Source: The Washington Post / Getty As the nation is still processing the grief in the wake of the mass shooting last month in Uvalde, Texas, Matthew McConaughey appeared at the White House to make an earnest demand for gun reform legislation. On Tuesday (June 7th), the actor and Ulvade native was in Washington D.C. to speak with several lawmakers on Capitol Hill and with President Joe Biden about gun control legislation. As the daily press briefing from the White House took place, he was invited to speak to the reporters assembled in the room. McConaughey began by talking about how he and his wife Camilla went back to his hometown and met the parents of several of the children who died in the mass shooting at Robb Elementary School, as the briefing was carried l...

Matthew McConaughey Gives Emotional Plea for “Gun Responsibility” from White House Briefing Room

Matthew McConaughey appeared at the White House Press Briefing Room on Tuesday, where he delivered an impassioned plea for Congressional leaders to pass new bipartisan gun legislation in response to the recent wave of mass shootings in the US, including in the actor’s own hometown of Uvalde, Texas. McConaughey began his remarks by sharing personal anecdotes about the nineteen students and two teachers killed at Robb Elementary School on May 24th. He and his wife, Camila Aves, traveled to Uvalde the day after the shooting and met with the families of the victims. In one particularly striking moment, Camila held a pair of green Converse shoes belonging to one of the victims, Maite Rodriguez. The nine-year-old girl had drawn a heart on the shoes because it “represented her love of nature,” Mc...

President Biden Praises ‘Great Talent’ BTS for Raising Awareness of Anti-Asian Hate: ‘It Matters’

BTS just made history. During their Tuesday (May 31) visit to the White House, the K-Pop boy band sat down with President Joe Biden on the last day of AANHPI Heritage Month to discuss each other’s roles in raising awareness around the recent surge in anti-Asian hate crimes. The visit made them the first Korean artists to talk about the topic with a U.S. president in the Oval Office. Explore Explore See latest videos, charts and news See latest videos, charts and news Strolling up the White House lawn with his bandmates — all looking dapper in matching black suits — RM was the first in the video to address Biden, who was waiting for them by the residence’s entrance. “It’s an honor to meet you, Mr. President,” the 27-year-old said, with Jin, Suga, J-Hope, Jimin, V, and Jungkook smiling on ei...

CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase

The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that incorporate cryptocurrencies.  According to the agency’s request document, the CTFC focuses on digital asset custodian risk, ensuring secure storage, as well as on accounting. The agency has its own staff of certified public accountants due to the lack of guidance on digital asset accounting from sectoral oversight bodies. In addition, the agency ensures derivative clearing organizations “employ strong segregation of duty processes and proc...

White House office seeks public opinion on crypto-climate implications

The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, commenced a study to identify the scope for offsetting energy use and climate changes related to digital assets.  On March 9, United States President Joe Biden signed an executive order, directing various federal agencies to examine implications of digital assets on six key areas — consumer and investor protection, financial stability, financial inclusion, responsible innovation, the United States’ global financial leadership and combating illicit financial activity. As a part of the initiative, the OSTP invited the general public and other stakeholders to share their viewpoints on various factors that contribute to the energy use and climate impacts of all types of digital a...

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