FDIC resists transparency on Operation Chokepoint 2.0 — Coinbase CLO

Some US government agencies continue to deny transparency regarding their role in Operation Chokepoint 2.0, a period during the Biden administration when crypto and tech founders were allegedly denied banking services, according to Coinbase chief legal officer Paul Grewal. The collapse of crypto-friendly banks in early 2023 sparked the first allegations of Operation Chokepoint 2.0. Critics,…

Bitcoin investors share mixed reactions to White House Crypto Summit

The Bitcoin community voiced mixed reactions to the March 7 White House Crypto Summit, with some investors characterizing it as a historic day for Bitcoin and cryptocurrencies, while others called the event underwhelming. Crypto trader Miles Deutscher said the event was a “massive net positive” for Bitcoin, despite the mixed reactions. Kyle Samani, the managing partner at…

David Sacks pushes back against idea of crypto transaction tax

White House crypto and AI czar David Sacks rejected the idea of taxes on each cryptocurrency transaction as a method of filling the US strategic Bitcoin reserve and crypto stockpile with digital assets. During a recent appearance on the All In Podcast, host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency transaction, which would be denominated in…

Nasdaq stock exchange to offer 24-hour trading 5 days a week

The Nasdaq stock exchange will offer 24-hour trading, Monday through Friday, with the change in trading hours expected to take place in the second half of 2026, subject to regulatory approval. According to a March 7 statement from Nasdaq president Tal Cohen, the growing international demand for Nasdaq-linked exchange-traded funds (ETFs) and US equities warrants an…

Trump’s Bitcoin reserve order reshapes institutional crypto investment

President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve and a National Digital Asset Stockpile is expected to be a catalyst for wider Bitcoin adoption, according to investment analysts and crypto industry leaders. On March 6, Trump acknowledged the need to “harness” the power of digital assets while signing the executive order for crypto assets,…

US will use stablecoins to ensure dollar hegemony — Scott Bessent

United States Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7. Bessent reiterated the Trump administration’s promise to end the war on crypto and committed to rolling back previous IRS guidance and punitive regulatory…