Treasury Secretary Scott Bessent advised Congress he has no authority to bail out Bitcoin. The change got here throughout a Senate Banking Committee listening to, when Senator Brad Sherman requested whether or not the Treasury might intervene to help cryptocurrency costs. Bessent’s reply was direct: he can’t use taxpayer {dollars} to purchase Bitcoin, and the…
White House AI and crypto czar David Sacks has pushed again sharply towards a New York Times investigation questioning whether or not his policymaking position within the Trump administration overlaps along with his personal investments. In a put up on X, Sacks accused the outlet of pursuing a predetermined narrative and ignoring months of proof…
Washington has lengthy wrestled with who ought to police digital belongings. The Digital Asset Market Clarity Act of 2025 handed the House this summer season, however the Senate had not acted. Now, two Senate committees have launched competing drafts, every promising regulatory order. These drafts create a brand new jurisdictional map poised to reshape all…
Previously on The Big Bitcoin Short: a dealer shorted Bitcoin minutes earlier than President Trump’s tariff put up and booked about $160 – $200 million. Eye, a crypto investigator who helped body the story by tracing wallets and proposing that Garrett Jin could possibly be a entrance for a broader community, has now stepped again,…
The likelihood of a US authorities shutdown has climbed to ranges not seen in years, with prediction market Kalshi pricing a 73% probability that lawmakers fail to move a funding invoice earlier than the Oct. 1 fiscal deadline. The sharp improve displays weeks of gridlock in Congress and President Donald Trump’s choice to cancel finances…
The United Kingdom’s minority celebration Reform has formally rejected the Bank of England’s proposal to cap stablecoin holdings and its broader plan to introduce a central bank digital currency (CBDC). In a Sept. 18 statement on X, the celebration’s head of coverage, Zia Yusuf, alongside celebration figurehead Nigel Farage, warned that the measures would injury…
Democratic lawmakers pressed David Sacks, President Donald Trump’s “crypto and AI czar,” on Sept. 17 to reveal whether or not he has exceeded the cut-off dates of his temporary White House appointment, elevating questions on doable ethics violations. In a letter signed by Senator Elizabeth Warren and 7 different members of Congress, the lawmakers stated…
An international consortium led by Sora Ventures, UTXO Management, and Kliff Capital has met with former Thai prime minister Thaksin Shinawatra in Bangkok to advance Thailand’s role as a hub for Bitcoin as a treasury asset across ASEAN. The meeting brought together executives from AsiaStrategy (Nasdaq: SORA), Nakamoto, Moon Inc., and Kliff Capital alongside Thaksin,…
The UK government has imposed new sanctions on entities tied to Russia’s use of cryptocurrencies to bypass Western restrictions. In an Aug. 20 statement, UK authorities said Russia has turned to Kyrgyz financial institutions and opaque crypto channels to move funds through offshore networks. The UK named Kyrgyzstan’s Capital Bank and its director, Kantemir Chalbayev,…
Tether has employed Bo Hines, a former adviser to President Donald Trump, as its Strategic Advisor for Digital Belongings and US Technique. The corporate confirmed on Aug. 19 that Hines will instantly start working with Tether’s management to information its enlargement and regulatory engagement in america. In his new function, Hines will oversee technique, liaise…