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US Congressman Calls for Law Allowing Government to Reverse Cryptocurrency Transactions

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A U.S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said. Rep. Bill Foster Stresses the Need for Law to Allow the Government to Reverse Crypto Transactions Democratic Rep. Bill Foster of Illinois, who is also co-chair of the Congressional Blockchain Caucus, talked about cryptocurrency regulation during an Axios virtual event Tuesday. Addressing…

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Triall: Bridging the Gap Between Medical Research and Blockchain Technology

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The COVID-19 pandemic has ravaged the global economy, leaving many industries re-evaluating the robustness of legacy models in times of crisis. Unsurprisingly, one of the most impacted industries has been the global healthcare industry, as governments raced to test for, treat and develop a vaccine for the fast-spreading virus. Whilst, on the whole, the testing regimes, treatments and vaccination programs have been somewhat successful in developed countries (especially the United Kingdom and Israel), existing pain points in pharmaceutical research and development have exacerbated delays according to a number of experts.…

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Coinbase to Launch Apple-Like Crypto App Store

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Cryptocurrency exchange Coinbase has unveiled its plan to build “the crypto app store,” inspired by how Apple Inc. built its app store. CEO Brian Armstrong said: “Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.” In a blog post published on Tuesday, Coinbase CEO Brian Armstrong detailed several opportunities in the crypto space the Nasdaq-listed company is pursuing. One of them was to “Build the crypto app store.” The CEO detailed, “Like the internet,…

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House Republicans use Trump visit to hammer Dems on the border

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McALLEN, Texas — House Republicans have traveled to the U.S.-Mexico border numerous times. Not until Donald Trump agreed to join them did they get the focus they wanted for their push to undercut President Joe Biden’s immigration agenda. Visiting the border with the former president is part of Republicans’ long-running effort to spotlight a spike in migration that they’re betting they can use to help win back the House next year. But the trek with Trump also underscores how closely the party is hugging him, embracing his policies and his…

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Republicans go all-in on immigration as a political weapon

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Kristi Noem is sending the South Dakota National Guard to the U.S.-Mexico border. Florida’s Ron DeSantis is providing law enforcement officers. Greg Abbott is vowing that Texas will build its own wall. With Donald Trump and a dozen House Republicans joining Abbott on the border on Wednesday, the GOP is loudly signaling its conviction that immigration will be a potent political weapon ahead of the midterm elections and presidential primary in 2024. “As an issue, I can’t think of one that’s better,” said Jeff Roe, a Republican strategist and top…

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‘Not a healthy environment’: Kamala Harris’ office rife with dissent

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When Vice President Kamala Harris finally made the decision to visit the Mexico border last week, people inside her own office were blindsided by the news. For days, aides and outside allies had been calling and texting with each other about the political fallout that a potential trip would entail. But when it became known that she was going to El Paso, it left many scrambling, including officials who were responsible for making travel arrangements and others outside the VP’s office charged with crafting the messaging across the administration. The…

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How much is a Cabinet post worth?

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The bribery trial of a Chicago banker who helped arrange millions in loans for former Trump aide Paul Manafort has surfaced a curious question about the most coveted gig in Washington: How much is a Cabinet post worth? While some prospective presidential advisers might have considered the question in such crude terms, it seems unlikely that taxpayer dollars were expended to address it — until now. As the trial of Federal Savings Bank founder Stephen Calk plays out in a Manhattan courtroom, one of the issues in contention is whether…

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The most influential think tank of the Biden era has a new leader

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Patrick Gaspard, a longtime Democratic operative who served most recently as president of the George Soros-run Open Society Foundations, will take over as president and CEO of the Center for American Progress. His hiring ends a monthslong process to find a replacement for Neera Tanden, who left the post to become a senior adviser to President Joe Biden. And it immediately makes the 53-year-old Haitian-American one of the most powerful players in progressive politics outside of elected office. Gaspard’s resume may be unique in the sheer number of lanes he’s…

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‘We can’t escape the politics’: Biden and DeSantis’ fragile détente tested

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MIAMI — A disaster had just struck. Dead bodies were being recovered and people were homeless. But political opportunists didn’t care about that. They were angry that a Republican governor was putting politics aside and working with a Democratic president. The year was 2012. Hurricane Sandy had just devastated New Jersey. And the top adviser for then-Gov. Chris Christie was shocked by the calls from donors infuriated that his decision to work with Barack Obama was handing him a win just a week before the president’s reelection. “It was so…

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Formula 1 Secures Multimillion Crypto Sponsorship Deal

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Formula 1, the international auto racing organization, has found a new sponsor from the crypto industry. The long-term deal will provide a digital asset trading platform with brand presence at F1 events while the car championship hopes that the partnership will allow it to “explore the world of cryptocurrency.” Crypto.com to Support Formula 1 as Part of Reported $100 Million Sponsorship Agreement The deal between Formula 1 and Crypto.com, which was announced on Tuesday, has been negotiated with the help of sports firm Creative Artists Agency. The terms were not…

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