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Hassett, Trump's top economic adviser, said he expected the yield on 10-year Treasury bonds to decline.
Investment advisors could overtake hedge funds as the largest holders of US-listed spot bitcoin (BTC) exchange-traded funds (ETFs) next year, CF Benchmarks said on Monday. Investment advisors could have more than 50% of the BTC and ETH ETF market next year, according to CF Benchmarks.
Stephen Miran, Trump's nominee to chair the Council of Economic Advisers, said the U.S. government is already sitting on a sizable reserve of bitcoin because they have seized large amounts of it in criminal activities.
On CNBC's Squawk Box, Kamala Harris' economic adviser confirmed her plan to tax unrealized gains. In fact, Bharat Rama of the Harris administration spoke with the show's host to defend the benefits of the controversial tax plan.
Vice President Harris will balance America's desire to outperform other countries in artificial intelligence with the need to protect people from deepfakes and other harmful uses, an adviser to Harris said Tuesday, according to Politico. "She has always believed strongly that the United States must maintain its global competitiveness in artificial intelligence and other emerging technologies," said Tony West, Harris's brother-in-law, who has been helping Harris's campaign....
An adviser to US President Joe Biden told CNN that he still plans to participate in the second presidential debate in September. While the adviser admitted that Biden's performance in Atlanta was not satisfactory, the campaign is committed to highlighting moments they see as good for the candidate and moving forward.
Bloomberg ETF analyst Eric Balchunas said that another major shareholder has just joined Pine Ridge Advisers, which owns $205 million of IBIT, FBTC and BITB, representing 23% of its total management size. It may be some kind of arbitrage trade, but RIA is investing 1/4 of its portfolio in BTC.
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