Biden

The U.S. has trailed some foreign governments in creating a regulatory framework for digital asset markets that have swelled to more than $1.7 trillion ...

The document also calls on the Financial Stability Oversight Council, a panel chaired by Treasury Secretary Janet Yellen and made up of different independent regulators, to study what effect digital assets are having on financial stability. The Boston regional Fed branch also released preliminary research into how a central bank digital currency might work from a technological standpoint, concluding that it was possible to pull off such a project. The State Department will be directed to develop ways to cooperate with international authorities on crypto policy. Still, it may face resistance from many in the industry, who argue that the whole point of cryptocurrency is to avoid government control. The U.S. has trailed some foreign governments in creating a regulatory framework for digital asset markets that have swelled to more than $1.7 trillion after lightning-fast growth in recent years. The long-awaited order will call on federal agencies to complete a series of studies over the next nine months.

Republicans are calling for more oil drilling. Europe says it's doubling down on clean energy. But as the Russian invasion of Ukraine continues into its ...

“Having had conversations with our European colleagues in particular, I think there‘s an incredible moment here to really accelerate the clean energy transition,” the official said on a background call with reporters. “We need to have an all-in energy policy,” Manchin said Thursday, adding that he’s been lobbying the administration to increase oil and gas drilling. Other countries are “looking to us and saying, ‘What the hell? “What overall we need to do here is reduce our dependence on oil,” White House press secretary Jen Psaki said Friday. “Europeans are doing that; we‘re doing that. “The U.S. is the world’s top oil and gas producer. In January, Biden released a joint statement with the European Commission president pledging close cooperation on clean energy as a long-term security strategy. I mean, wind and solar is not going to put natural gas over there [in Europe]. We have to be realistic with what we’re trying to do here." Biden has been reluctant to emphasize that argument. The president’s highest-profile response has been releasing millions of barrels from the Strategic Petroleum Reserve to help soften price hikes at the pump. He expressed concern about rising costs to motorists last month at the invasion’s opening, and again during his State of the Union address last week. Nor has Biden heeded calls from industry, Republicans and Sen. Joe Manchin (D-W.Va.) to jump-start domestic drilling to replace Russian oil. But as the Russian invasion of Ukraine continues into its second week, President Biden has stayed mum about how tectonic shifts in global markets should affect the future of U.S. energy.

The executive order is expected to establish U.S. government strategy for cryptocurrency regulation, national security implications, and more.

The Fed said in January that a CBDC could help to preserve the dominance of the U.S. dollar as cryptocurrency adoption booms on a global scale.1 More broadly, industry executives have voiced concerns about a perceived lack of clarity regarding the U.S. government's approach to regulating cryptocurrencies. President Biden reportedly plans to sign an executive order this week to firm up the U.S. government's approach to cryptocurrencies. The executive order is expected to begin to assign roles for government agencies relating to the regulation of crypto tokens. Still, mounting external pressures suggest that the order may aim to address some issues in particular. White House officials have so far declined to comment on a cryptocurrency executive order.

The parents of Trevor Reed, a Texas veteran who's in a Russian prison, is asking President Biden to bring their son home.

“We think that should be taken into consideration.” “It’s kind of like a double-edged sword,” Paula said. He needs to come home.” “We need to get our son home,” said his mother Paula Reed. “He’s innocent. He has no reason to be there. “He was there to defend the president, the vice president, and their families and was there to die if needed to protect them,” Joey Reed said.

The White House is in talks with NATO Allies to send additional fighter jets to Ukraine, as well as increase sanctions on Russia.

The U.S. and NATO are in the midst of a dangerous balancing act: trying to support Ukraine against the Russian offensive while preventing any further escalations. Pelosi also appeared to back a Senate proposal by New Hampshire Democrat Jeanne Shaheen and Ohio Republican Rob Portman for the U.S. to help “expedite the urgent transfer of aircraft to the Ukrainian Air Force” from other Eastern European countries. The possibility of blocking oil imports, which Secretary of State Antony Blinken said in a CNN interview Sunday is under discussion “as we speak,” represents a shift for the Biden administration. “Tragically, Russia continues its premeditated, unprovoked war against Ukraine: violating its sovereignty and territorial integrity, committing war crimes against civilians and engaging in disinformation about the purpose of their invasion,” Pelosi wrote. The Biden administration has already been providing assistance and military aid to Ukraine — and, with NATO allies, punishing Russia with harsh sanctions, isolating Vladimir Putin on the world stage. Momentum is building on Capitol Hill to respond more aggressively to Russia’s war in Ukraine, with lawmakers urging President Joe Biden to increase military aid and ban Russian oil imports.

Russia is one of the world's largest energy producers of both crude oil and natural gas. Prices for both commodities have skyrocketed since the war started ...

Meantime, as President Biden announced in his State of the Union address, he is releasing 30 million barrels of oil from U.S. Strategic Reserves, part of a global effort to ease oil supplies amid the Ukraine war, as the White House weighs whether to impose a total ban on Russian oil. German Chancellor Olaf Scholz is among those pushing back against blocking Russian energy exports, saying today in a statement: "At the moment, Europe's supply of energy for heat generation, mobility, power supply and industry cannot be secured in any other way. Geoff Bennett: Geoff Bennett: Geoff Bennett: Geoff Bennett: Geoff Bennett: Geoff Bennett: Prices for both commodities have skyrocketed since the war started almost two weeks ago. Russia is one of the world's largest energy producers of both crude oil and natural gas. But now, the Biden White House is raising possible new, harsh sanctions on this vital sector. Europe especially relies on Russian natural gas.