USA | ForkLog - Part 27

ForkLog 64 01.04.2025

Elon Musk to Step Down as Head of DOGE ‘on Schedule’

Elon Musk has stated that the Department of Government Efficiency (DOGE) under his leadership will complete most of the work required to reduce the deficit by $1 trillion “on schedule.” Watch the latest video at foxnews.com The DOGE project was initiated by the White House to optimize the federal budget. Musk was appointed as a […]

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ForkLog 98 01.04.2025

Crypto Traders Brace for ‘Liberation Day’ Tariff Announcement

U.S. President Donald Trump is set to announce new tariffs on April 2nd as part of a plan dubbed ‘Liberation Day’. Traders have adopted a wait-and-see approach, with the price of the leading cryptocurrency holding above $83,000. According to The Guardian, the forthcoming announcement of reciprocal tariffs against U.S. trading partners is expected to trigger […]

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ForkLog 31 31.03.2025

BlackRock CEO Warns Bitcoin Poses Threat to Dollar’s Dominance

The status of the US dollar as the world’s reserve currency is under threat, according to BlackRock CEO Larry Fink in his annual letter to investors. He stated that the uncontrolled growth of US debt and budget deficit could lead to a loss of this position in favor of digital assets like Bitcoin. The US […]

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ForkLog 109 31.03.2025

Elon Musk Denies US Government’s Involvement with Dogecoin

The US government has no plans to use the meme coin Dogecoin. This was stated by Elon Musk, head of the Department of Government Efficiency (DOGE). According to him, despite the similar names, the federal agency has no connection to the “funny coin.” Musk explained that the goal of DOGE is to make government bodies […]

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ForkLog 9 31.03.2025

California Incorporates ‘Bitcoin Rights’ into Digital Assets Bill

In the state of California, USA, a revised bill on money transfers has been introduced, featuring amendments that ensure the protection of cryptocurrency owners’ rights. The document, presented on February 20, 2025, has been renamed “Digital Assets.” The author of the amendments, Democrat Avelino Valencia, included provisions for self-custodial storage and the legalization of cryptocurrencies […]

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ForkLog 61 29.03.2025

Sonic Labs Alters Stablecoin Launch Plans

Instead of a dollar-based algorithmic stablecoin, developers at Sonic Labs plan to launch a “mathematically bound numerical Dirham,” according to the company’s head, Andre Cronje. We will no longer be releasing a USD based algorithmic stable coin. Completely unrelated, we will be releasing a mathematically bound numerical Dirham which is settled and denominated in USD, […]

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ForkLog 31 29.03.2025

FDIC Permits Crypto-Related Activities Without Prior Approval

The Federal Deposit Insurance Corporation (FDIC) has allowed supervised financial institutions to engage in “crypto-related activities” without needing prior approval from the agency. The list of activities permitted by default includes providing custodian services, maintaining stablecoin reserves, issuing cryptocurrencies and other digital assets, market-making, participating in blockchain-based payment systems, and lending. Previously, those interested were […]

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ForkLog 31 29.03.2025

Trump Pardons BitMEX Co-Founders, Reports Say

U.S. President Donald Trump has pardoned three co-founders of the BitMEX exchange, according to CNBC. The individuals in question are company co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who were accused of violating the U.S. Bank Secrecy Act’s KYC and AML requirements. Former BitMEX Head of Business Development Greg Dwyer, who was involved in […]

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ForkLog 14 28.03.2025

US Seizes Cryptocurrency Intended for Hamas Worth ~$200,000

The US Department of Justice has disrupted a financing scheme for the terrorist group Hamas, seizing approximately $201,400 in cryptocurrencies. Justice Department Disrupts Hamas Terrorist Financing Scheme Through Seizure of Cryptocurrency https://t.co/cg1kVE7kSS@USAEdMartin @FBIAlbuquerque pic.twitter.com/7fl3SY8G0N — U.S. Attorney DC (@USAO_DC) March 27, 2025 According to law enforcement, the tracked address was used to launder more than […]

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ForkLog 13 27.03.2025

US Senate Backs Repeal of Data Collection Mandates for DeFi Platforms

The US Senate voted to repeal a cryptocurrency taxation rule that required DeFi platforms to collect and provide user data. A resolution introduced by Congressman Mike Carey and Senator Ted Cruz concerning the IRS regulation on “gross income reporting by brokers regularly providing services for the sale of digital assets” was endorsed by the House […]

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ForkLog 32 27.03.2025

Wyoming Announces Launch of ‘First State-Issued Stablecoin’

Wyoming plans to issue its own fiat-backed stablecoin by July, according to Bloomberg. If the project comes to fruition, the ‘stablecoin’ will be the first issued by a government entity in the United States. The token will be backed by treasury bonds, cash, and asset repurchase agreements. State legislation mandates maintaining a backing level of […]

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ForkLog 37 26.03.2025

Potential SEC Chair’s Crypto Investments Unveiled

Donald Trump’s nominee for the chair of the SEC, Paul Atkins, holds shares in three cryptocurrency companies: Securitize, Anchorage Digital, and Off the Chain Capital. This was reported by Fortune, citing the politician’s income statement. The information was disclosed ahead of Atkins’ Senate confirmation hearing, scheduled for March 27. According to the documents, the nominee […]

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