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The White House is all set to host its first cryptocurrency summit on March 7, ideally bringing in new developments for the domain to work with and explore in the long haul. Many investors have already started to speculate whether the summit is actually a crypto powerhouse meet, a gathering which may help establish the foundation of the very first cryptocurrency national strategy or more. That being said, here are the four crucial things that one may expect from the crypto summit hosted on March 7. Also Read: U.S. Secures $17.5 Billion Bitcoin Stockpile—Will 198,000 BTC Shake Markets? 4 Developments That May Unravel In The Cryptocurrency Summit 1. Official Launch Of The Crypto Reserve Source: Watcher Guru Per Arthur, a notable crypto analyst, the aforementioned crypto summit may jumpstart the official launch of the reserve, which includes details regarding acquisition, allocation and the reserve’s purpose. “ Official Launch of the U.S. Crypto Strategic Reserve Trump has already announ...

Donald Trump’s team is considering a new White House crypto role. The role would be the first dedicated cryptocurrency policy position in the White House. The plan aims to improve cryptocurrency regulation and create a strong blockchain policy. Under Trump’s crypto stance, this could make the U.S. the world leader in digital assets. Source: Reuters Also Read: 3 Commodities To Invest in 2025 For Top Returns How Trump’s Crypto Role Could Shape Blockchain Policy & Regulation in the U.S. Source: CryptoBriefing Streamlining Federal Oversight Source: Watcher Guru The White House’s crypto role would be to manage cryptocurrency policies between federal agencies like the SEC and CFTC. A team would work in this position. They would help Congress, regulators, and the White House work together. This approach to blockchain policy would make regulations clearer for everyone. Industry Leaders Rally Behind Initiative Crypto leaders have met with Trump at Mar-a-Lago to discuss th...

The FTC’s ban on noncompete agreements – which was to take effect for tens of millions of Americans nationwide on September 4 – is now permanently on hold. In a ruling Tuesday, a federal judge in Texas upheld a challenge to the FTC’s rule banning noncompetes. US District Judge Ada Brown said the government agency lacks the authority to put the ban into effect. An estimated 30 million Americans – 1 out of every 5 workers – work within noncompete agreements in industries ranging from tech to fast food. The FTC argues the agreements stifle workers’ ability to switch jobs and earn higher wages. The rule would have meant that anyone applying for a new job could not be forced to sign a noncompete. Also, for workers with existing agreements, noncompetes would no longer be enforceable. This rule was first proposed in January 2023, with many employees speaking in favor of the proposal. The FTC said it expected the ban to increase workers’ wages by up to $488 billion over the next de...

US President Joe Biden announces that his top economic advisor is set to leave the White House today. Indeed, Gene Sperling is reportedly leaving the administration in order to help Vice President Kamala Harris’ presidential campaign. Sperling is looking to help Harris overcome Donald Trump heading into the November elections. The move comes at a rather surprising time. Concerns over a potential recession in the United States have driven panic in global markets. Both Taiwan’s and Japan’s stock markets have suffered their largest losses since 1967 and 1987, respectively. JUST IN: President Biden's senior economic advisor, Gene Sperling, to leave the White House today. pic.twitter.com/WoVPyFa9LX — Watcher.Guru (@WatcherGuru) August 5, 2024 Also Read: U.S. Dollar Rises After Joe Biden Ends Presidential Campaign White House Loses Top Economic Advisor Amid Market Crash The first Monday in August has arrived with turmoil for the global finance sector. Stock market...