Global #US government

The United States is taking a monumental step toward embracing Bitcoin as a cornerstone of its national financial strategy. Senator Cynthia Lummis has introduced the Bitcoin Act of 2024 (S.4912)

The US government is ramping up its efforts to seize a crypto account linked to disgraced FTX founder Sam Bankman-Fried, which prosecutors claim was used to bribe Chinese officials before the collapse of the cryptocurrency exchange in 2022.

With key races settling in favor of pro-crypto candidates, the U.S. is on the cusp of a transformative moment that could reshape the regulatory landscape for the cryptocurrency industry.

In a significant move underscoring national security priorities, the Biden administration has ordered MineOne, a bitcoin mining facility located near Warren Air Force Base in Cheyenne, Wyoming, to cease operations.

Peter Schiff, a renowned economist and vocal Bitcoin critic, has made a surprising statement. In a recent tweet, Schiff humorously proposed that Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin advocate, should purchase the 69,370 Bitcoin that the U.S. government is preparing to sell.

In a significant development for the cryptocurrency landscape, the U.S. government is poised to auction off a staggering 69,370 Bitcoins, valued at approximately $4.4 billion. This auction comes on the heels of a Supreme Court decision not to hear a legal dispute over the ownership of these digital assets, clearing the path for the U.S. Marshals Service to move forward with the sale.