Trump Media’s Bitcoin treasury registration approved by SEC
Trump Media Group Gets SEC Nod for Bitcoin Registration Trump Media and Technology Group (TMTG), which operates former President Donald Trump’s social media platform, has recently gained approval from the US Securities and Exchange Commission (SEC) for a significant $2.3 billion Bitcoin Treasury Registration Statement. A filing with the SEC on June 13 detailed that […]
Trump Media’s Bitcoin treasury registration approved by SEC
Trump Media and Technology Group Gets SEC Approval for Bitcoin Registration Trump Media and Technology Group (TMTG), the owner of Donald Trump’s social media platform, has recently secured the go-ahead from the US Securities and Exchange Commission (SEC) for a $2.3 billion Bitcoin Treasury Registration Statement. In a filing made on June 13, the SEC […]
Coinbase Warns About Dangers of Bitcoin Treasury Model
Simply put Coinbase’s leading analyst warned on Thursday that a decline in BTC prices could trigger a broader crisis in the cryptocurrency market due to increased reliance on Bitcoin by public companies. If many companies, which collectively hold billions in BTC, need to sell their tokens to appease investors simultaneously, it might create chaotic sales […]
Treasury Secretary Bessent Is Not Aiming to Replace Fed’s Powell
Speculation Surrounding Treasury Secretary’s Future Treasury Secretary Scott Bescent has suggested, albeit casually, that he might eventually succeed Jerome H. Powell as chairman of the Federal Reserve. However, he insists that he hasn’t pursued that position and is dedicated to his current role. Having been with the Treasury since January, Bescent expressed in an exclusive […]
Treasury Secretary rejects the idea of tariffs being considered taxes, despite federal revenue reports
Tariffs and Taxes Debate Continues On Thursday, Treasury Director Scott Bescent asserted that tariffs should not be classified as taxes, which goes against the conventional economic understanding of these key trade instruments used by President Trump. During a Senate Finance Committee hearing, Senator Katherine Cortez Masto (D-Nev.) challenged Bescent’s viewpoint while discussing the federal revenues […]
Rep. Sanchez claims Treasury Secretary Bessent interrupted her due to gender.
Home Road and Means Committee Hearing Takes Unexpected Turn During a hearing with the Home Road and Means Committee on Wednesday, an unexpected exchange occurred. Representative Linda Sanchez (D-CA) accused Treasury Secretary Scott Bescent of interrupting her due to her gender. The tension came to a head in a five-minute questioning session where Sanchez pressed […]
Guggenheim Treasury Services Plans to Launch Digital Commercial Paper on the XRP Ledger
A digital commercial paper (DCP), an asset backed by the US Treasury and rated Prime-1 by Moody’s, has been launched on the XRP Ledger (XRPL). This public blockchain aims to facilitate the efficient tokenization of real assets. Guggenheim Ministry of Finance Services, which manages one of the world’s largest platforms for commercial paper, oversees the […]
Banking Groups Call on US Treasury to Enhance Security Following Email Breach
Trade Groups Push US Treasury for Stronger Cybersecurity Measures Trade organizations in the financial sector are calling on the US Treasury to enhance cybersecurity protocols following the breach of sensitive emails belonging to over 100 bank regulators that persisted for more than a year. A letter addressed to Treasury Secretary Scott Bescent was sent on […]
Elon Musk confronted Treasury Secretary Scott Bessent ‘like a rugby player’ during intense exchange at the White House, according to reports.
Elon Musk and Treasury Secretary Scott Bessent Clash at the White House Elon Musk recently found himself in a heated argument with Treasury Secretary Scott Bessent after being labeled a fraud. The conflict erupted in mid-April during a meeting to discuss a proposed Internal Revenue Service plan from Trump’s administration. Ultimately, President Trump sided with […]
Crypto Treasury Firms Are Optimistic About Bitcoin and XRP. But Avoid Investing.
Understanding Cryptocurrency Treasury Strategies Startups are increasingly adding Bitcoin and XRP to their balance sheets for various reasons. However, it’s uncertain whether shareholders are actually seeing any value from this. Many believe that directly owning these cryptocurrencies might be a safer choice. Take MicroStrategy, for example, well-known for its Bitcoin Treasury strategy—buying crypto and keeping […]