Last week, the White House accepted for review a proposal from the Department of Labor to allow cryptocurrencies in 401(k) retirement plans.

The Office of Information and Regulatory Affairs (OIRA) has already assessed the proposal and classified it as “economically significant.”

With the acceptance for review, a 60-day public comment period begins. This would be followed by an executive order from President Donald Trump on August 7, 2025, which would “urge federal agencies to expand access to alternative assets, including crypto assets, in 401(k) plans.”

By the end of September last year, the country’s retirement market reached a record $48.1 trillion in financial assets. “Meanwhile, states like Indiana are advancing their own initiatives to include crypto assets.”

Specifically, the state passed a law “that will require certain state plans to offer a cryptocurrency investment option by July 1, 2027. This would allow its citizens to include Bitcoin and other digital assets in their retirement portfolios for the first time.”

Although the U.S. government maintains a cautious stance regarding the use of cryptocurrencies in the retirement sector, it is currently showing greater openness, betting on positive results.

M.Pino

Source: bitcoin.es

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La entrada The White House could allow cryptocurrencies in retirement plans apareció primero en Bitfinance.

The 25-year prison sentence for FTX CEO Sam Bankman-Fried remains in place after the White House confirmed that President Donald Trump had ruled out granting him a pardon.

In 2023, the founder of the crypto platform was found guilty and sentenced to 25 years in prison “on seven counts of fraud and conspiracy.” At the time, it was stated that Bankman-Fried had caused the “collapse of the platform by deceiving customers, lenders, and investors.”

Although Trump granted pardons last year to other crypto executives, such as Changpeng Zhao of Binance and Arthur Hayes of BitMEX, Bankman-Fried’s case is different because his “role as a major donor to the Biden administration, which damaged his image. “The crypto sector sees him as a villain, which complicates his search for clemency.”

The White House reaffirmed Trump’s position on the case, denying the pardon and upholding the sentence from three years ago.

M.Pino

Source: cripto247

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La entrada Trump rejects pardon for FTX founder Sam Bankman-Fried apareció primero en Bitfinance.

White House press spokeswoman Karoline Leavitt announced on Tuesday that the president of the country, Donald Trump, will give a place in the room to social media influencers, podcasters, bloggers and representatives of new media.

The official indicated that the new media will have a place in the press room alongside the traditional ones, such as large American newspapers and television networks.

The statement said: “We will open this press room to new media voices that produce informative content and whose media are not represented in these seats. We welcome independent journalists, podcasters, influencers and content creators and urge them to apply for credentials to cover this White House.”

The pressroom will be reorganized to accommodate new media. Currently, it “has 49 seats, all assigned to a specific media outlet.”

M.Pino

Source: swissinfo

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La entrada Influencers and podcasters will have a place in the White House pressroom apareció primero en Bitfinance.

Donald Trump assumes the presidency of the United States today, but he has already revolutionized the crypto market with the launch of his own meme digital currency.

It is called Trump and although at first it generated mistrust due to fear of a scam, in view of the proximity of the president’s inauguration, the President himself clarified it through his account on Truth Social and X.

The price of Trump’s meme cryptocurrency increased by billions of dollars in a few hours, although it is necessary to remember that this type of asset has no economic or transactional utility “and is often considered a purely speculative asset.”

In any case, it is more of an instrument to strengthen the confidence of the American people in the president who is assuming the presidency today. In this regard, it was said: “This Trump meme celebrates a leader who never gives up, no matter the situation,” as read on the official website of the project, referring to “the failed assassination attempt on the Republican candidate last July.”

To dispel fears about a possible scam, announcements were published on the official accounts of the Republican, who has already used the firm behind the project, CIC Digital LLC, to sell NFTs.

M.Pino

Source: elestimulo

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La entrada Donald Trump begins his new term with his own meme cryptocurrency apareció primero en Bitfinance.

Under the direction of President Joe Biden, the United States government has proclaimed November 30 as “Venezuela Day” in an emotional gesture of recognition towards the significant population of Venezuelan migrants residing in the country. The White House extended a cordial invitation to 80 prominent Venezuelans to participate in a commemorative event.

The renowned sports journalist Mary Montes shared the news of her invitation through her account on the social network Mariaca Semprún, and the prominent producer and vice president of Disney Channel, Leonardo Aranguibel.

This event acquires historical relevance by marking the first time that Venezuela Day is celebrated in the United States, underscoring the importance of this community in the North American nation. In previous years, similar events were held to honor other nations, cementing this occasion as a significant milestone in the bilateral relationship.

K. Tovar

Source: Bancaynegocios

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La entrada The US will celebrate Venezuela Day with different local personalities apareció primero en Bitfinance.

The President of the United States, Joe Biden, welcomed the leaders of 10 Latin American countries in Washington at the Leaders’ Summit of the Alliance for Economic Prosperity in the Americas (APEP), according to an official statement from the White House.

This meeting sought to strengthen economic ties between nations, focusing on strengthening supply chains, promoting innovation in the public and private sectors, and addressing the climate crisis, with special emphasis on “clean energy, semiconductors and medical supplies.”

At the inaugural Americas Partnership for Economic Prosperity Leaders’ Summit, President Biden reaffirmed the United States’ commitment to working with our partners to drive more inclusive and sustainable economic growth in the Western Hemisphere. pic.twitter.com/tXFW1acAl8

— The White House (@WhiteHouse) November 3, 2023

Objectives and priorities of the economic alliance

In a joint statement, the leaders presented the five priorities of this economic alliance:

• Strengthen regional competitiveness and integration
• Enhance shared prosperity and good governance
• Build sustainable infrastructure
• Protect the climate and the environment
• Foster healthy communities

Participants and Key Topics Addressed

The leaders of Barbados, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru and Uruguay attended the meeting. In addition, representatives of Mexico and Panama, in the absence of their presidents, were present.

At the meeting, migration was discussed as a priority issue, noting that the countries of the alliance host the majority of migrants and refugees in the region.

Therefore, investment in these communities was emphasized to drive innovation, stabilize migration flows and catalyze growth.

Commitments and contributions for migration

The White House announced the investment of nearly US$485 million through the State Department and USAID to support migrants, refugees and vulnerable communities in the Western Hemisphere.

In addition, mention was made of a joint donation of US$89 million from the United States, Canada, South Korea, Spain and the Inter-American Development Bank (IDB) to support the countries most affected by migration.

Perspectives of some Latin American leaders

The president of Colombia, Gustavo Petro, highlighted the importance of the energy issue on the agenda, focusing on the region’s potential contribution to the energy transition of the United States.

Guillermo Lasso, president of Ecuador, emphasized openness and frankness in the conversations, describing them as positive.

Finally, the president of Chile, Gabriel Boric, expressed his country’s commitment to multilateralism and fair trade to achieve tangible improvements in the quality of life of citizens.

Taken and with information from El Sumario

(Referential image source: @WhiteHouse, social network X)

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La entrada APEP Summit brought together Biden with leaders of 10 Latin American countries apareció primero en Bitfinance.

Washington called on representatives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, as well as OpenAI, to commit to working for the creation of secure and transparent content based on artificial intelligence.

In the midst of the rapid advance in the use of artificial intelligence, fears, risks and conflicts related to veracity and transparency arise. So the call from the White House is considered relevant.

Fortunately, these companies “committed to work in particular on AI-powered content marking systems in order to reduce the risks of fraud and misinformation.”

The risks are increased by the use of generative AI, which results in highly realistic creations, difficult to differentiate from real elements, such as images or messages widely disseminated.

In this sense, the companies involved have also committed to “test their software internally and externally before launch, invest in cybersecurity and share relevant information about their tools with authorities and researchers, including possible failures.”

Another government requirement that they must comply with is the development of reliable techniques that allow users to know “when the content has been generated by AI, such as a watermark system,” according to an official statement.

M.Pino

Source: swissinfo

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La entrada Technology companies commit to generating safe content created by AI apareció primero en Bitfinance.

The multiple judicial fronts that the former president of Donald Trump has opened do not represent a legal obstacle in the face of his aspirations to return to the White House, since the US Constitution does not contemplate limits for candidates in the event that they are imputed or even found in prison. prison.

Trump received last week what is already his second battery of charges, this time federal, for storing classified information in his Florida mansion. The tycoon had already been charged at the end of March for the bribe given to a former actress on the eve of the 2016 elections in exchange for her keeping silent about an alleged ‘affair’.

The Constitution does not mark the absence of a criminal record among the few criteria established to be president, since it only stipulates that the candidate must be a citizen by birth, older than 35 years and have lived at least 14 in the United States. The Twenty-second Amendment does state that a person who has already served two terms cannot be president.

And there is little room to add new requirements, as constitutional experts point out to ABC News, recalling that there are already Supreme Court rulings that stipulate that Congress cannot add new requirements to occupy the highest political office in the North American country.

Technically, Trump could be a candidate even from jail, a circumstance that will not be unprecedented. During the 1920 presidential election, Eugene Debs, a candidate for the Socialist Party, was in jail for opposing World War I and won 3 percent of the vote.

Thus, a hypothetical conviction or the adoption of precautionary measures against Trump, the favorite for now in the Republican Party primaries, would only limit his ability to campaign or even vote for himself, since the right to vote is restricted to convicted persons. for felonies or serving sentences vary by state.

The tycoon has already made it clear that he does not plan to withdraw from the still budding race in the face of what he continues to consider a “witch hunt” by his political rivals, despite the fact that the crimes imputed to him by the stored documents may entail a sentence of up to 20 years in prison.

Source: dpa

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La entrada Trump can be a candidate for the White House impeached and even from jail apareció primero en Bitfinance.

US President Joe Biden has voiced his opposition to a debt limit deal with Republican leaders that would supposedly benefit cryptocurrency traders. During a press conference at the Summit of the Group of Seven (G7), Biden described the conditions proposed by the Republicans as “unacceptable”.

Biden made it clear that he would not accept a deal that would protect estate tax fraudsters and cryptocurrency traders while putting food assistance for nearly a million Americans at risk. He referred to the purported protections for cryptocurrency traders in relation to harvesting tax losses.

Cryptocurrency tax loss harvesting is a strategy that investors use to reduce their overall tax liability. It consists of selling a cryptocurrency at a loss to offset the crypto gains. To claim a loss, the assets must be sold, and the proceeds must be used to purchase a similar asset within 30 days before or after the sale. This practice is also available for stocks and other assets.

In addition to the tax loss harvest restriction for cryptocurrencies, the White House presented Republicans with a similar proposal that prohibits investors from deferring taxes on real estate swaps. These changes could generate approximately $40 billion in tax revenue for the US government.

K. Tovar

Source: Cointelegraph

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La entrada Biden rejected debt limit deal that would benefit crypto traders apareció primero en Bitfinance.

The White House published its latest President’s Economic Report, which analyzes the current situation of cryptocurrencies.

In the report, it is argued that cryptocurrencies do not live up to their initial promise and pose risks to consumers and the US financial system.

The White House also explains that, until now, cryptocurrencies have not provided any fundamental value, since they do not serve as an effective store of value or as a means of payment. Furthermore, the report highlights the need for regulation to protect consumers and the financial system from panics, crashes and fraud related to crypto assets.

On the other hand, it also addresses other topics such as blockchain technology, decentralized finance (DeFi), cryptocurrency mining, stablecoins and central bank digital currencies (CBDC), and argues in favor of the Reserve’s new instant payment system Federal (FedNow) as an alternative to the circulation of digital money.

While acknowledging that some crypto assets appear to be here to stay, the report argues that they continue to cause risks for financial markets, investors, and consumers.

K. Tovar

Source: Diariobitcoin

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La entrada The White House criticizes cryptocurrencies, questioning their fundamental value apareció primero en Bitfinance.