In a significant advancement for cryptocurrency regulation, the U.S. Senate has approved the bipartisan GENIUS Act with a vote of 68-30, thereby establishing the inaugural federal regulatory framework for stablecoins, which are digital assets linked to the U.S. dollar. The legislation mandates that issuers must support their tokens with liquid assets such as Treasury bills [...]
Read More »Another Biden Whopper Busted: Hundreds of Thousands of 2023 Jobs Never Existed
New data released by the Bureau of Labor Statistics (BLS) has significantly revised previous job growth claims made under the Biden-Harris administration, showing that job creation numbers touted in 2023 were considerably overstated. According to the BLS’s Business Employment Dynamics (BED) report for the third quarter of 2023, the U.S. economy saw a net decline of 1,000 [...]
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