Bitcoin and Artificial Intelligence in the Early 2025s: The U.S. as a Strategic Investment Platform for Cryptocurrencies
Some of the lawmakers in the congress would like to see Trump start a strategic Bitcoin reserve. That would mean the government would actively buy and sell bitcoin as part of the way the government manages its resources.
Whether the U.S. ends up launching such a fund or not remains to be seen. Even though the golden moment for bitcoins is long, the investors are optimistic.
Trump made a promise to investors that could prove to be a game-changing one: that the U.S. would start a strategic national stockpile of the virtual currency.
There has been a wild ride in Cryptocurrencies lately. Investment funds that track the price of the currency were approved by the Securities and Exchange Commission last year. Analysts believe forms of crypto could see a game-changing year in 2025. Things to watch are listed.
“We have to regulate the space,” she says, calling the move towards a friendlier legislative environment for the crypto industry “a step in the wrong direction.”
Alexander is worried that professional traders would take advantage of and benefit at the expense of regular investors, just like a soccer game in which there is no referee.
Carol Alexander, professor of the University of Sussex who is well known for her expertise on digital assets and her success forecasting the price of bitcoins, is concerned about the prospect of friendlier legislation.
Rep. French Hill, R-Ark., is the new chair of the House Financial Services Committee. A former community bank president in his home state, Hill has advocated for policies that help development of the digital currency and artificial intelligence.
Trump also appointed the nation’s first crypto and artificial intelligence czar, the prominent venture capitalist David Sacks, who is expected to help shape friendlier policies to both sectors.
Cryptocurrency Issues in the 21st Century: Up First for All You Need to Know Before Investing in a Bitcoin Fund
There are reasons for the optimism. A big one is that bitcoin is becoming more mainstream after the Securities and Exchange Commission (SEC) reluctantly approved investment funds that track the price of bitcoin early last year.
These exchange traded funds, or ETFs, tend to be popular with regular investors, allowing them a simpler way to get exposure to bitcoin without having to shell out six figures for a single bitcoin.
Trump is not president yet, but he’s delivering on one key aspect of his promise: Picking regulators and policymakers who are expected to be far friendlier to crypto interests (including his own family, given that he and his two sons are involved in a crypto venture).
Gary Gensler, the leader of the SEC, took aggressive enforcement action against key players in the digital currency industry to get them to comply with Wall Street regulations.
Good morning. You’re reading the Up First newsletter. If you subscribe, it will be delivered to you in your inbox, and you’ll get Up First for all the important news to start your day.
Jimmy Carter’s funeral services begin in DC. And, photos from the major winter storm — justin trudeau resigns
Jimmy Carter’s remains will arrive in Washington, D.C., today. He will be honored with a ceremony at the U.S. Capitol, where he will lie in state. The public will be able to pay their respects until Thursday morning. Afterward, his remains will travel to Washington National Cathedral for his National Funeral Service. Watch today’s funeral events here and tune in at 4 p.m. ET for NPR’s live special coverage.
Canada’s Prime Minister Justin Trudeau has announced his resignation, ending nearly a decade in power. He faced increasing pressure from his own party to step down because of his handling of the economy, immigration and other issues. Trudeau stated that he will not lead the party but will remain in office in order to find a successor.
The Biden administration has transferred 11 Yemeni detainees from the U.S. military prison in Guantánamo Bay, Cuba, to Oman. The detainees, all men, were captured in the aftermath of the 9/11 terror attacks and had been held at Guantánamo Bay for over two decades without being charged or put on trial. The number of prisoners is cut in half due to their release. The inmates’ release is part of Biden’s plan to close the facility before he leaves office.
Minneapolis City Council voted to end discriminatory policing: The wake of George Floyd’s murder as a warning to the rest of the world
The Minneapolis City Council voted unanimously to join a reform agreement with the United States Department of Justice. The deal is intended to address decades of discriminatory policing. The decision comes in the wake of George Floyd’s murder nearly five years ago, which resulted in protests around the country and the world.
A powerful winter storm is plowing through parts of the central and eastern U.S. Several states are under winter storm warnings. Several states have been affected by the storm’s big snow, freezing rain, blustery winds and frigid temperatures. More than 50 people have been injured, thousands of cars have been stranded along the highways, and a quarter of a million customers have lost power after the storm. See photos of the impact of the winter storm.