Global #US government

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.

As the 2024 United States general election draws nearer, the role of cryptocurrency, particularly Bitcoin, is gaining increased attention.