News list for " congress"
1. US Democratic Congressmen are calling for an ethics investigation into Trump's crypto project. 2. SAF: Has met with US Congressmen to discuss the "Bitcoin Strategic Reserve" proposal. 3. CryptoQuant: Since the launch of TRUMP, the total spot trading volume of centralized exchanges has reached $38 billion. 4. Goldman Sachs CEO: Goldman Sachs still cannot own, dominate or participate in Bitcoin. 5. BlackRock CEO: Bitcoin may reach $700,000 amid concerns about currency devaluation. 6. Standard C...
U.S. Rep. Gerald Connolly, Democrat of Virginia, has called on the U.S. House Oversight and Government Reform Committee to investigate whether President Trump's cryptocurrency enterprise conflicts with his presidential duties. Connolly said in a Jan. 21 letter to committee Republican Chairperson James Comer that Trump may have been removed from his W...
According to official documents, U.S. Rep. Jordan Teuscher of Utah proposed strategic bitcoin reserve legislation, which aims to authorize the state treasurer to invest in specific digital assets, including virtual currencies, cryptocurrencies and stablecoins with a market value greater than $500 million, and establish relevant requirements and regulations for the management and investment of these assets. The investment ratio shall not exceed 10% of the total funds in the account.
The Democratic leader of the U.S. House Financial Services Committee, California Rep. Maxine Waters, echoed the concerns of many cryptocurrency users and lawmakers who have accused Trump of harming legitimate projects in the cryptocurrency industry with the launch of Meme. Waters said in a statement on Jan. 20 that Official Trump (TRUMP) represents "the worst of Crypto" and...
Market news: US President Donald Trump took a seat at his desk in the Capitol and began signing documents.
U.S. Rep. Jordan Teuscher of Utah has proposed legislation for strategic bitcoin reserves.
The lobbyists who have long roamed Congress and federal agencies are taking aim at a new target: a shadowy federal department controlled by Musk. The program, led by Musk, is called the Department of Government Efficiency (DOGE), and is designed to advise President-elect Trump on spending cuts and regulatory reform. So far, its members have organized and coordinated in secret meetings several blocks away from the White House. Companies and industry groups have begun organizing and coordinating.....
The Congressional Budget Office (CBO) said it expects real U.S. GDP growth of 1.9 percent in 2025, down from a 2.0 percent forecast in June, and forecasts an average annual growth rate of 1.9 percent between 2024 and 2034.
Phillip Chen, a Republican member of the California House of Representatives, will draft a bill to support bitcoin, and Phillip Chen's office has appointed Proof of Workforce to oversee various bitcoin-related initiatives and assist in drafting formal bills for the upcoming legislative session. It is reported that Workforce Proof is a non-profit organization based in Santa Monica, California, that aims to assist workers, unions, pensions, and municipalities with education-based bitcoin adoption.
U.S. Congressman Cynthia Lummis says Wyoming has taken a bold first step towards strategic bitcoin reserves. Rep. Wasserburger introduced legislation to allow permanent funds to diversify into bitcoin.
Congressional Budget Office (CBO): The projected U.S. budget deficit for fiscal year 2025 is $1.865 trillion, while the budget deficit for fiscal year 2024 is $1.832 trillion. Under current law, the U.S. public debt is projected to reach 99.9% of GDP by 2025 and rise to 118.5% in fiscal year 2035.
On January 15th, according to The Block, US Congressman Tom Emmer has been appointed as the vice chairperson of the House Subcommittee on Digital Assets, Financial Technology and artificial intelligence. The Minnesota representative has been an active supporter of the crypto industry and has introduced crypto-focused bills in the past few years, including one aimed at clarifying the classification of digital assets.
The Federal Reserve has said that it will only issue digital currencies if directed by Congress.
US President-elect Donald Trump made his first speech after Congress confirmed his 2024 election victory. He said that we have a huge deficit with Mexico, and we help Mexico a lot. In fact, the country is basically controlled by drug cartels. I can't let this continue. Mexico is indeed in trouble and very dangerous. We will announce a future date soon. We will make changes because we are in...
US Vice President Harris announced at a joint session of Congress chaired by him on January 6 local time that members of the Senate and House of Representatives have officially certified the results of the electoral college in the 2024 US election, confirming that Trump received 312 electoral votes and was elected the next US president. Vance was elected the next vice president. (CCTV News)
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