ChainCatcher news, according to The Block, Galaxy's Head of Liquidity Active Strategies and Portfolio Manager Chris Rhine stated that there is growing optimism that Vice President Kamala Harris's stance on cryptocurrency will be more favorable than the Biden administration's policies, providing a more optimistic regulatory and legislative roadmap for the industry.At the beginning of the fourth quarter, it is likely that more large wealth management platforms will approve Bitcoin ETFs, further expanding the accessibility of digital assets within the trillions of dollars in wealth managed by brokerage firms.

ChainCatcher news, the founder and CEO of Meta admitted that the Biden administration pressured his team to review content on the platform. Zuckerberg stated:"In 2021, senior officials from the Biden administration, including the White House, pressured our team multiple times to review certain content related to COVID-19, including humorous and satirical content, and when we disagreed, they expressed great frustration with our team. Ultimately, the decision to remove content was ours, and we are responsible for our decisions, including the modifications made under this pressure regarding COVID-19 related content.""I believe the government's pressure was wrong, and I regret not being more outspoken at the time. I also think we made some choices that, in hindsight and based on new information, we should not have made. As I told our team at the time, I firmly believe we should not compromise our content standards due to any government pressure.""In another instance, the FBI warned us that there might be a Russian disinformation campaign regarding the Biden family and Burisma before the 2020 election. That fall, when we saw the New York Post's report on corruption allegations involving then-Democratic presidential candidate Joe Biden's family, we sent the report to fact-checkers for review and temporarily reduced its distribution weight while waiting for a response.It later became clear that this report was not Russian disinformation, and in retrospect, we should not have reduced its distribution weight. We have changed our policies and processes to ensure this does not happen again."

ChainCatcher news, Galaxy Research's research director Alex Thorn posted on X platform analyzing Vice President Harris's stance on cryptocurrency, indicating that her choice of advisory team suggests she will continue to enforce the Biden administration's strict regulatory policies on cryptocurrencies.Harris collaborates with key anti-cryptocurrency officials such as Brian Deese and Bharat Ramamurti, both of whom were pivotal figures in promoting cryptocurrency regulation within the Biden administration. Deese previously published an article on the White House website emphasizing the risks of cryptocurrencies, while Ramamurti is regarded as the White House's top cryptocurrency critic. Their involvement implies that the Harris administration is unlikely to soften its stance on cryptocurrency policy and will continue to support stringent regulatory measures to protect consumers and the safety of the financial system.

ChainCatcher news, gold advocate and economist Peter Schiff tweeted, "If Trump really intends to use the seized Bitcoin to launch America's Bitcoin strategic reserve, then he will keep his intentions secret before he actually takes office. Now, the Biden administration may sell all the Bitcoin before Trump takes office."

ChainCatcher news, a16z founders Ben Horowitz and Marc Andreessen recently discussed the various challenges facing the cryptocurrency industry under the current administration, during which they also endorsed former President Trump.The two founders publicly criticized the Biden/Harris administration's handling of the cryptocurrency industry, emphasizing a series of regulatory challenges that they believe are stifling innovation and growth in the sector.In the podcast conversation, Ben Horowitz and Marc Andreessen elaborated on their dissatisfaction with the U.S. SEC. They pointed out that the regulatory agency has not provided clear guidance on which cryptocurrencies are considered securities and which are considered commodities.

ChainCatcher news, according to DL News, the Biden team announced that Carole House, a key official who advised and co-wrote President Biden's 2022 executive order on cryptocurrency and digital assets, has returned to the government. House will serve as a special advisor to the White House National Security Council, focusing on "critical infrastructure policy" and cybersecurity.Carole House stated, "I am honored to serve again in shaping the future of a secure and trustworthy digital economy."

ChainCatcher news, according to The Block, Kraken CEO Dave Ripley stated during an interview with CNBC on Thursday that the Biden administration is "softening" its stance on cryptocurrency.Dave said, "Earlier this year, the U.S. executive branch strongly opposed cryptocurrency through the Securities and Exchange Commission, but there are many supporters within the U.S. government. I regularly visit Washington and have met with many people in Congress and the Senate, where there are many supporters. I think in the past few months, maybe around two months, we have seen strong support—now both parties are in favor."

ChainCatcher news, according to CoinDesk, at an NFT gala held in Florida, former U.S. President Trump claimed to support cryptocurrency and criticized current President Biden and his administration.He stated that voters who support cryptocurrency will back him and promised to accept cryptocurrency donations. Trump also promoted his own NFTs at the event and called himself an advocate for cryptocurrency. Meanwhile, he slammed the Biden administration's stance, describing its attitude towards cryptocurrency as ambiguous.

ChainCatcher news, Riot Platforms Vice President of Research Pierre Rochard stated that President Biden's proposal to impose a 30% tax on electricity used for cryptocurrency mining is an attempt to secretly suppress the thriving cryptocurrency market. There is a hidden agenda behind the tax, which is a covert attempt to stifle Bitcoin's growth and pave the way for CBDCs. Even miners using renewable energy would not be exempt from this proposed tax, raising concerns about its fairness and potential motives.

ChainCatcher news, the Biden administration released the 2025 budget proposal on March 11, which includes provisions for a series of regulatory measures for digital assets.It is expected that the proposed rules for digital assets by 2025 will generate nearly $10 billion in additional tax revenue. Among these, it is anticipated that applying anti-money laundering rules to digital assets alone could raise over $1 billion in taxes in the 2025 fiscal year; incorporating digital assets into fair market valuation rules (which require taxation based on the current market value of securities rather than the purchase price) is expected to generate an additional $8 billion in revenue that same year. Additionally, the proposal also imposes a consumption tax on cryptocurrency mining operations.

According to ChainCatcher news, three Democratic senators urged the Biden administration to disclose more information detailing its actions in response to North Korea's use of stolen cryptocurrency to fund its nuclear program, as reported by The Wall Street Journal. They stated that North Korea's increasing reliance on digital assets to evade sanctions poses a serious national security threat.

ChainCatcher news, according to Jin10, U.S. Congressman Warren Davidson from Ohio stated that the Biden administration's proposal to impose a 30% tax on Bitcoin mining has been shelved in the debt ceiling agreement on Sunday. The White House hopes this tax could address the environmental costs of Bitcoin mining, although it may find another way to introduce the measure in upcoming legislation. The White House has previously made its position clear that mining comes with environmental and social costs. (source link)

ChainCatcher news, according to the Wall Street Journal, the Biden administration has begun to explore whether there is a need to regulate AI tools like ChatGPT, as concerns grow about the potential for this technology to cause discrimination or spread harmful information. As a first step towards potential regulation, the U.S. Department of Commerce officially solicited public comments on Tuesday regarding its so-called accountability measures, including whether new AI models with potential risks should undergo a certification process before being released. (Source link)