2024-09-23
NEWS: VP Harris says at a fundraiser on Wall St. that she “will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
Bloomberg
In an event that raised $27M, Kamala Harris vowed to help grow investments in “AI and digital assets”, her first comments on crypto as the presidential nominee
Jennifer Epstein / Bloomberg :
VP Harris raised $27 million today in New York, more than she's taken in at any single event since Biden dropped out (Biden and Clooney raised $28m; Biden-Obama-Clinton was $26m) https://www.bloomberg.com/...}
Bloomberg
In an event that raised $27M, Kamala Harris vowed to help grow investments in “AI and digital assets”, her first comments on crypto as the presidential nominee
Jennifer Epstein / Bloomberg :
2022-10-09
Eager homebuyers are being tricked into wiring their down payments to hackers. A small Secret Service team has helped recover $244 million from those and other business email compromises since 2019, @natalexisw reports. https://www.bloomberg.com/...
Bloomberg
A look at business email compromise scams involving US real estate, and the small Secret Service team that helped recover $244M+ in stolen BEC funds since 2019
For weeks, the Secret Service agent had been trying to identify the scammers moving millions of stolen dollars through banks around the New York tri-state area. Tweets: @amyokruk ,...
2022-03-10
NEW: White House lays out its executive order on digital assets, which President Biden will sign today. It directs several studies to be conducted by agencies in the next 60 to 180 days.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
The EO details six “priorities”: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
Biden order doesn't specifically address the potential use of crypto to evade sanctions but an official who briefed reporters said the admin is aggressively fighting the misuse of crypto. Official also said it doesn't see crypto as a viable workaround for Russia in particular.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
2022-03-09
The EO details six “priorities”: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
Federal agencies to explore financial and environmental concerns and inform regulatory action
NEW: White House lays out its executive order on digital assets, which President Biden will sign today. It directs several studies to be conducted by agencies in the next 60 to 180 days.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
Federal agencies to explore financial and environmental concerns and inform regulatory action
Biden order doesn't specifically address the potential use of crypto to evade sanctions but an official who briefed reporters said the admin is aggressively fighting the misuse of crypto. Official also said it doesn't see crypto as a viable workaround for Russia in particular.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
Federal agencies to explore financial and environmental concerns and inform regulatory action
2022-02-28
The Russian banks already sanctioned by the EU, U.S., others are the first targets for being cut out of SWIFT, but other Russian banks could be added, German spokesman says. https://www.bloomberg.com/...
Axios
The US, the EU, the UK, and Canada agree to cut off a “certain number of Russian banks” from the SWIFT international payments system
2022-02-27
The Russian banks already sanctioned by the EU, U.S., others are the first targets for being cut out of SWIFT, but other Russian banks could be added, German spokesman says. https://www.bloomberg.com/...
Axios
The US, EU, UK, and Canada agree to cut off a “certain number of Russian banks” from the SWIFT international payments system
The European Union, U.S. and other Western nations on Saturday announced they would cut off a “certain number of Russian banks” from the SWIFT international …
2022-01-26
@jendeben @ianmking Chip inventory has fallen from 40 days to 5 days. “That, to me, is the data point that tells you how fragile this supply chain is: Five days of inventory, no room for error,” @SecRaimondo said. https://www.bloomberg.com/...
Bloomberg
The US Commerce Department says the global chip shortage will stretch into at least H2 2022, based on information from 150+ companies in the chip supply chain
The Biden administration has concluded that the global semiconductor shortage will continue until at least the second half of this year, @jendeben and @ianmking report. And U.S. officials plan to investigate possible price gouging in the chips market. https://www.bloomberg.com/...
Bloomberg
The US Commerce Department says the global chip shortage will stretch into at least H2 2022, based on information from 150+ companies in the chip supply chain
2021-12-08
Saule Omarova, Biden's nominee to lead banking watchdog OCC, withdraws https://www.bloomberg.com/...
Bloomberg
Crypto critic Saule Omarova, who was Biden's pick to lead the OCC, withdraws her name from consideration following Senate fights over her background
Bloomberg :
2021-10-09
SCOOP: The White House is considering an executive order on cryptocurrencies that would direct and coordinate agencies across the administration as crypto's market cap continues to soar. Even if no EO, WH will lay out admin's crypto strategy. w/@benbain https://www.bloomberg.com/...
Bloomberg
Sources: the Biden administration is considering an EO on cryptocurrencies to set up a government-wide approach to the asset class
The Biden administration is weighing an executive order on cryptocurrencies as part of an effort to set up a government-wide approach to the white-hot asset class …
@benbain White House's initiative on cryptocurrencies will touch on many areas, incl financial stability, national security, illicit finance, consumer protection, competition policy, research, innovation. Admin is thinking about risks AND opportunities of crypto. https://www.bloomberg.com/...
Bloomberg
Sources: the Biden administration is considering an EO on cryptocurrencies to set up a government-wide approach to the asset class
The Biden administration is weighing an executive order on cryptocurrencies as part of an effort to set up a government-wide approach to the white-hot asset class …
2021-10-01
Before the “finsta” clip everyone's dunking on, Sen. Blumenthal actually explains exactly what finstas are ... https://twitter.com/...
TechCrunch
Senators grilled Facebook exec Antigone Davis at a hearing about Instagram's impact on teens and were frustrated by her reticence to answer questions directly
Last night, Facebook published two annotated slide decks in an attempt to contextualize the documents that the Wall Street Journal published … Source: Senate Commerce Committee .
2021-09-25
Biden considering using Defense Production Act to force companies in the semiconductor supply chain to provide certain info. “I don't want to have to do anything compulsory but if they don't comply they'll leave me no choice,” @SecRaimondo told @jendeben. https://www.bloomberg.com/...
Bloomberg
US Commerce Sec says US is considering using a Cold War-era national security law to force semiconductor companies to provide information on inventory and sales
Jenny Leonard / Bloomberg :
2021-03-02
President Biden urges workers to vote in the Amazon union drive in Alabama. He doesn't outright endorse unionization, saying it's up to the workers, but makes clear he's supportive and that the company shouldn't meddle. https://www.bloomberg.com/...
Bloomberg
Biden says there should be “no coercion, no threats, no anti-union propaganda” by Amazon amid its warehouse workers' vote on whether to form a union in Alabama
but the workers? They're not so sure https://www.bloomberg.com/... Mike Elk / @mikeelk : This piece does a good job capturing the mix of pro & anti-union views held by workers at A...
Union @RWDSU's @sappelbaum had called on the admin to weigh in and thanks Biden for “sending a clear message of support” for the Amazon union drive in Alabama. https://www.bloomberg.com/...
Bloomberg
Interviews with 16 Amazon workers offer an inside look at the unionization vote in Bessemer, Al, where $15/hour is double the minimum wage for entry-level jobs
On a rainy Saturday afternoon in early February, the Retail, Wholesale and Department Store Union held a rally in a grassy lot …