Blockchain-Friendly Congressman Faces Hearings for Trump Budget Role
A blockchain-friendly member of Congress faced confirmation hearings on Capitol Hill yesterday in his bid to join the Trump administration. Representative Mick Mulvaney, a Republican from South Carolina, was nominated in December by then-President-elect Donald Trump to head up the Office of Management and Budget, which would make him the White House’s point person on budgetary matters. According to the Washington Post, Mulvaney ran into a hiccup or two during his hearings. The conservative US Representative drew fire from Democrats because of a failure to pay $15,000 in federal taxes....
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Rep. Mick Mulvaney, a South Carolina Republican and a long-time bitcoin supporter, nominated by President Trump to be budget director, defended his plan to support entitlement program cuts that Trump said he would protect, according to The Washington Post. Mulvaney has been interested in bitcoin since 2014 after participating in a Small Business Committee hearing on bitcoin. He said it could influence monetary policy. He has accepted bitcoin donations. Mulvaney and Jared Polis, a Colorado Democrat, launched the bipartisan Blockhain Caucus in September. Speaking before the Senate homeland....
Mick Mulvaney, a conservative Republican congressman from South Carolina and a long-time bitcoin supporter has been picked to run the Office of Management and Budget. President-elect Trump stated: With Mick at the head of OMB, my Administration is going to make smart choices about America’s budget, bring new accountability to our federal government, and renew the American taxpayer’s trust in how their money is spent! Mulvaney became interested in bitcoin around April 2014 when he publicly stated: Just wrapped up a Small Business Committee hearing on Bitcoin. I know it isn’t a mainstream....
Republican Bitcoin proponent Congressman Mick Mulvaney is the surprise pick for Donald Trump’s Office of Management and Budget chief. Bitcoin ‘Not Manipulatable’ By Any Gov’t. Mulvaney, whose support for Bitcoin has been high profile even within Washington itself, is also due to speak for a second time at the John Birch Society, a ring-wing group which verges on extremism. During his first speech in July, Mother Jones reports Mulvaney “slammed” the Federal Reserve while talking up Bitcoin’s virtues. He described it as “not manipulatable by any government.” At the same time, praise came for....
A legislative effort in Pennsylvania to update the state’s definition of money to cover digital currencies was reportedly stalled last year due to an ongoing budget impasse. In an interview with regional news source The Herald-Mail, state representative Adam Harris said that planned hearings on a bill filed last March fell to the wayside amid a budget dispute between the state legislature and Governor Tom Wolf. Harris said in the interview: “One interesting issue that the Commerce Committee has been working on is an update to the 'money transmitters' section of state law as it relates to....
In striking agreement with the changing opinions of former President Donald Trump toward cryptocurrencies, Congressman and Arkansas Digital Asset Subcommittee chairman French Hill of the United States has firmly supported the FIT21 bill as the kind of regulatory framework that Trump would likely endorse if reelected. French Hill Doubles Down On Trump’s Crypto Approach In […]