The whilepaper underlines the importance of further advancement and development of the fintech to serve multiple political and financial goals.
The Biden administration seeks to terminate the tax-loss harvesting strategy for crypto investors which would help the White House save $31 billion over a ten year period.
The proposed Biden budget plan would close the current harvesting loophole on crypto tax losses, reducing wash sales trading.
The collapse of the FTX Derivatives Exchange has placed all regulators on the edge and White House Press Secretary Karine Jean-Pierre said the Biden administration is monitoring the development surrounding the trading platform and the broader digital currency ecosystem.
One major aspect that was addressed by the new framework is the fight against illicit finance.
3M is facing turbulence as the Trump administration meddles with its operations, making MMM stock unpopular among investors despite their products being involved in the fight against COVID-19.
China has confirmed President Donald Trump was lying when he said his people at the White House received phone calls from China offering to reopen stalled negotiations to end his trade war.
White House press secretary Sarah Sanders confirmed that the Trump administration is monitoring the cryptocurrency market, especially after the historic rise of Bitcoin this year.
The whilepaper underlines the importance of further advancement and development of the fintech to serve multiple political and financial goals.