The White House is exploring a new strategy to enhance the U.S. position in the cryptocurrency Market by potentially using profits from its gold reserves to acquire Bitcoin. Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested that this approach would be “budget-neutral,” allowing for Bitcoin purchases without additional ...
The White House has canceled a recent memo that ordered a freeze on many federal payments after a judge paused the order. Acting White House budget director Matthew Vaeth confirmed that the freezing memo, known as OMB Memorandum M-25-13, is no longer in effect. This memo had instructed agencies to pause financial assistance programs in ...
On December 5, 2024, Donald Trump announced that venture capitalist David Sacks will take on the newly created position of White House czar for artificial intelligence and cryptocurrency. Trump highlighted the importance of these sectors for America’s future competitiveness in a post on Truth Social. Sacks, known for co-founding Craft Ventures and his early role ...
