• world map
    Asia & Australia,  Europe,  Regulation

    As the US dithers on regulating cryptocurrencies, other regions move forward

    Support for blockchain technology is stronger both in the US and abroad

    Cryptocurrency and blockchain enthusiasts were excited about the ​announcement​ this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the ​Congressional Blockchain Caucus​. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the ​Harvard Business Review​ by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: ​“Without clear regulations, cryptocurrency innovation in the United States is being stifled.…

  • Mick Mulvaney at Coin Center Annual Dinner, 2016
    Bitcoin,  United States

    New White House Chief of Staff: Bitcoin is good, ‘not manipulable by any government’

    Mick Mulvaney has been down with crypto since 2014 and shared stages with Ethereum’s Vitalik Buterin

    President Trump says director of the Office of Management and Budget—and Bitcoin enthusiast—Mick Mulvaney will come on as acting White House chief of staff when John Kelly leaves the end of the year. Mulvaney will stay on at the OMB where he was narrowly approved by the Senate by just two votes in 2017. With the government headed to a potential shutdown over a budget disagreement, who better to step in than Mulvaney, one of the architects of the 2017 government shutdown? At the time, he said, “What we just did this week was fine and passable, but not ideal. … I think a good shutdown would be one that…