President Donald Trump recently made a surprise announcement that the U.S. government would invest in a crypto reserve including Bitcoin, Ethereum, XRP, Solana, and Cardano. With the White House Crypto Summit on Friday set to embrace a pro-innovation regulatory framework, crypto looks set for a boom over the next four years. Well… maybe. While a White House Summit may help push currencies like Bitcoin further into the mainstream, the blockchain industry needs something more to really take off: energy — a lot more energy. TRUMP’S CRYPTO CZAR DECRIES GOVERNMENT’S LACK OF BITCOIN ‘LONG-TERM STRATEGY’ A recent study revealed that Bitcoin — just…
Author: Laura Bennett
Treasury Secretary Scott Bessent spoke to the Economic Club of New York today and emphasized the growthy-ness of President Trump’s program. I had a chance to interview the Secretary after his speech. But importantly, Bessent emphasized deregulation, especially in the banking sector – and that includes bank loans to small businesses. This is important because during the Biden years, Fed Chair Jay Powell swayed with the wind and promoted DEI, ESG, no loans to oil and gas companies, terrible supervision of Silicon Valley, and a disregard for the importance of community banks. Powell presided over a real mess. Incidentally, it…
President Trump, late Thursday, signed an executive order to establish a Strategic Bitcoin Reserve. Crypto Czar David Sachs celebrated the move via a post on X. “The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” he wrote. “It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoin…
A new fleet of self-driving taxis is ready to hit the streets this year, rolling out first in Las Vegas. The Amazon-backed vehicles are ten years in the making, and the company says they want to redefine transportation. “Our vision of the future is not as many people will need to buy their own car,” said Zoox co-founder Jesse Levinson. Zoox is on a mission to transform what driving looks like. Their robotaxis are autonomous vehicles that cater to the rider’s experience. “It’s a really nice premium experience. “It’s safe, it’s consistent, it’s clean and it’s much more efficient,” said…
TEL AVIV – U.S. Treasury Secretary Scott Bessent and Israeli Finance Minister Bezalel Smotrich met last week for “a highly impactful meeting” aimed at enhancing economic relations between Washington and Jerusalem. The two men “reaffirmed the strong and enduring commitment of both nations to a strategic economic partnership,” with discussions focusing on “the importance of deepening economic cooperation, fostering innovation, and strengthening financial and trade ties,” according to a Treasury Department statement. “It was a great trip, we had a meaningful meeting with the secretary, who spoke about the strength of Israel’s economy, the backing of the U.S. toward Israel…