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Trump Names David Sacks as White House “Crypto Czar”
On December 5, 2024, U.S. President-elect Donald Trump announced the appointment of former PayPal COO David Sacks as the White House "White House A.I. & Crypto Czar." This move signals a major shift in U.S. policy on cryptocurrency and artificial intelligence. DeFi Tokens Surge 20% on Trump’s Anticipated Election Win
Several DeFi sector cryptocurrencies posted daily gains exceeding 20% after Donald Trump appeared as the clear winner of the U.S. presidential election on November 6. Investors are optimistic that the new White House administration will foster a more favorable climate between regulators and the crypto industry.
Industry Leaders Collaborate for Responsible AI Governance
Tech leaders Google, Microsoft, OpenAI, and AI startup Anthropic are forming a new industry watchdog group, the Frontier Model Forum, to supervise the "safe and responsible" development of frontier AI models.
The alliance aims to push research on AI safety, pinpoint responsible development practices, collaborate with governments and civil leaders, and back the development of applications.
This move follows a commitment made by these AI companies to the White House for the safe and transparent development of AI. 
White House Proposes Tax on Crypto Mining
The US budget for fiscal year 2024 is poised to foster economic development, trim household expenses, and improve healthcare and social security. Among the novel provisions in the proposal is the DAME, an excise tax on energy consumption related to digital assets mining. 
Trump’s Strategy to Weaken the Dollar and Its Crypto Impact
Donald Trump’s post-return agenda to the White House includes measures such as significant import tariff hikes, escalating trade conflicts with China, and aggressive deficit reduction. His determination to weaken the US dollar stands out as particularly significant. 
Partisan Disputes Derail Progress on Stablecoin Regulation
US stablecoin legislation negotiations have stalled, with House Financial Services Chair Patrick McHenry blaming the White House. McHenry noted that the parties were closer than ever to a bipartisan deal after 15 months of talks.
However, Rep. Maxine Waters criticized the current stablecoin bill as "deeply problematic," voicing concerns about state regulators approving stablecoin issuances without Federal Reserve input. She also feared companies like Amazon and Facebook issuing their own digital currencies. White House Reports: Crypto Theft Fund North Korea Missiles
A White House official has disclosed that nearly half of North Korea's missile program funding is obtained through cyberattacks and cryptocurrency theft. Anne Neuberger, Deputy National Security Adviser for Cyber and Emerging Technology, stated that the U.S. government is working diligently to comprehend how North Korea continues to be highly inventive in the cyber domain. White House Discusses AI Safety with Industry Leaders
US Vice President Kamala Harris recently met with AI industry leaders from OpenAI, Microsoft, Google, and AI startup Anthropic to discuss potential risks and concerns related to AI. The meeting aimed to address the challenges and opportunities that AI technology presents, with a focus on maintaining transparency, safety, and security. White House report on crypto
The White House has recently published the 2023 Economic Report of the President, which says that cryptocurrencies do not have a fundamental value and are not a reliable substitute for traditional money. The report also highlights that digital assets are highly unstable and prone to fraud. 1 - 15 of 15 results