budget – DIGIT INFO

Trump eyes handing CFTC oversight of crypto: Report

DIGIT — Wed, 27 Nov 2024 02:39:04 +0000

Donald Trump’s team is considering handing the regulation of crypto exchanges and spot markets for cryptocurrencies deemed commodities to the CFTC.

Go to Source

Trump taps Elon Musk and Vivek Ramaswamy to slash gov’t with ‘DOGE’

DIGIT — Wed, 13 Nov 2024 09:37:29 +0000

The newly created Department of Government Efficiency will work to cut “waste and fraud” from $6.5 trillion in US government spending.

Go to Source

Italy to raise capital gains tax on Bitcoin from 26% to 42%

DIGIT — Wed, 16 Oct 2024 11:21:31 +0000

In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold.

Go to Source

Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s Economy

DIGIT — Tue, 24 Sep 2024 05:30:04 +0000

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt […]

Go to Source

Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue Even ‘a Cent’ of Debt

DIGIT — Tue, 17 Sep 2024 22:32:43 +0000

President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades, highlighting the relevance of independence and self-sufficiency for […]

Go to Source

Does Bitcoin’s negative funding rate signal that bears are in total control?

DIGIT — Wed, 11 Sep 2024 20:28:13 +0000

Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.

Go to Source

SEC Requests More Funding to Regulate Crypto Sector

DIGIT — Thu, 21 Mar 2024 05:30:14 +0000

The U.S. Securities and Exchange Commission (SEC) has submitted its 2025 budget request, which will partly fund the securities watchdog’s efforts to regulate the crypto sector. “We’ve seen the Wild West of the crypto markets, rife with noncompliance,” SEC Chair Gary Gensler stressed. “As the cop on the beat, we must be able to meet […]

Go to Source

Here’s how Bitcoin investors can trade the tension surrounding a U.S. government shutdown

DIGIT — Tue, 03 Oct 2023 18:45:07 +0000

Rumors of a US government shutdown impact asset prices, including Bitcoin. Here’s how BTC options traders can capitalize on the 45 day funding deadline.

Go to Source

SEC’s Gensler seeks $2.4B in funding to chase down crypto ‘misconduct’

DIGIT — Thu, 30 Mar 2023 05:05:02 +0000

SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

Go to Source

Breaking: Bitcoin slips under $20K amid Biden budget, Silvergate collapse

DIGIT — Fri, 10 Mar 2023 01:57:36 +0000

The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.

Go to Source