president joe biden – DIGIT INFO

SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate

DIGIT — Wed, 05 Jun 2024 18:45:58 +0000

U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed to prevent excessive administrative control. Despite bipartisan support for a resolution to repeal […]

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Wyoming Senator Cynthia Lummis Castigates US President Joe Biden’s Veto

DIGIT — Sun, 02 Jun 2024 06:34:33 +0000

U.S. Senator for Wyoming Cynthia Lummis has castigated President Joe Biden over his decision to veto a measure that would disapprove the Securities and Exchange Commission’s Staff Accounting Bulletin No. 121 (SAB 121). Lummis said the measure known as H.J. Res. 109, which had bipartisan support in the U.S. Congress, was intended to end the […]

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House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans

DIGIT — Wed, 22 May 2024 22:38:05 +0000

The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 279 to 136. “FIT21 is the first legislation of […]

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Billionaire Mark Cuban Warns Gensler’s SEC Crypto Policies Could Cost Biden the Election

DIGIT — Sat, 11 May 2024 20:23:31 +0000

Billionaire Mark Cuban has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s handling of crypto regulations, suggesting it could harm Biden’s election chances. “Gensler has not protected a single investor against fraud,” he stressed. “All he has done is make it nearly impossible for legitimate crypto companies to operate.” ‘This Is Also a […]

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House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto

DIGIT — Thu, 09 May 2024 16:01:02 +0000

The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory burdens and promote safer custodianship of digital assets by regulated banks. However, the White House has backed the SEC, issuing a veto threat, […]

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Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default

DIGIT — Mon, 01 May 2023 20:00:09 +0000

Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the president also acknowledged the “threat by the speaker of the House to default on the national debt.” Biden Expresses Confidence in American Banking System Despite […]

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White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks

DIGIT — Sat, 28 Jan 2023 23:30:32 +0000

The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation should not greenlight mainstream institutions “to dive headlong into cryptocurrency markets.” ‘The Administration’s Roadmap to Mitigate […]

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Biden Accuses Twitter of Spewing Lies Across the World as Elon Musk Rolls Out Twitter Blue Subscription

DIGIT — Mon, 07 Nov 2022 03:30:27 +0000

Elon Musk has started rolling out a $7.99-a-month Twitter Blue subscription service. U.S. President Joe Biden, however, is concerned that the billionaire has bought a social media platform “that spews lies all across the world.” Stating that there are “no editors anymore in America,” Biden stressed: “How do we expect kids to be able to […]

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White House Is Not Preparing for Recession — Chief of Staff Says US Economy Is Strong

DIGIT — Sat, 05 Nov 2022 00:00:50 +0000

White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White House Chief of […]

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Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation

DIGIT — Wed, 19 Oct 2022 00:00:13 +0000

U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “has done the work” to fix the inflation issue. Joe Biden Believes the U.S. Economy Is ‘Strong as Hell’ President Joe Biden […]

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