United

Biden

Bitcoin

Read

<div class="cryptonews">
 <p class="is-style-lead">Bitcoin <a rel="noopener noreferrer nofollow" title="prices" href="https://thebittimes.com/tag/prices.html">prices</a> have increased 20.27% in the last week, according to CoinMarketCap, following news around BlackRock’s Bitcoin spot exchange-traded fund (ETF) application.</p>
 <p>A new leak suggests that President Joe Biden is gathering tech executives at the White House to unveil new regulation that Bloomberg believes will have a spillover effect into the crypto industry.</p>
 <h2 class="wp-block-heading" id="comprehensive-assessments-underway">Comprehensive assessments underway</h2>
 <p>In an Oct. 25 release fromThe Washington Post, the administration order is said to be made two days before the international summit in the United Kingdom, where government officials, prominent figures from Silicon Valley, and representatives from civil society groups will come together address the growing concerns surrounding the societal implications of AI.&nbsp;</p>
 <p>As disclosed by four individuals with insider knowledge who requested anonymity, the all-encompassing order will harness the U.S. government’s influential position as a major technology consumer.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Joe Biden chooses crypto skeptic as his top economic adviser
 </div>
 <p>It will also mandate that cutting-edge AI models undergo comprehensive assessments before they gain approval for utilization by federal employees, as revealed by three sources actively engaged in the deliberations surrounding the order.</p>
 <h2 class="wp-block-heading" id="the-spillover">The spillover</h2>
 <p>Bloomberg goes on to highlight that&nbsp;initial <a rel="noopener noreferrer nofollow" title="reports" href="https://thebittimes.com/tag/reports.html">reports</a>&nbsp;from last month raised concerns within the crypto industry, as it hinted at the potential classification of computational resources as a “national resource.” This classification might necessitate cloud computing giants such as Google to disclose instances when customers exceed a certain threshold in their utilization of computing resources. This threshold would apply to various activities, including Bitcoin mining.</p>
 <p>Paradigm’s head of government affairs Alexander Grieve, expressed apprehension that such an order could resemble “Operation Choke Point” but applied to computing power.&nbsp;</p>
 <p>Grieve’s other speculation was that Bitcoin mining might be viewed as “depriving households of power” and diverting development talent from “genuine” applications.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper">
   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/43tB-bKS_DE" data-id="43tB-bKS_DE" data-query="feature=oembed"></div>
   <noscript><iframe title="Crypto regulation: U.S. regulators release policy agenda for cryptocurrencies" width="1020" height="574" src="https://www.youtube.com/embed/43tB-bKS_DE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
   </noscript>
  </div>
 </figure>
 <p>Although the leak is mainly AI-focused, many in the community continue to wonder what the larger repercussions will be on the crypto market, both in terms of regulation and market <a rel="noopener noreferrer nofollow" title="prices" href="https://thebittimes.com/tag/prices.html">prices</a>.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> US President Joe Biden is pushing for tighter crypto regulations
 </div>
 <p></p> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/joe-biden-to-reveal-leak-that-could-spark-bitcoin-prices-washington-post-reports-tbt67923.html">https://thebittimes.com/joe-biden-to-reveal-leak-that-could-spark-bitcoin-prices-washington-post-reports-tbt67923.html</a></p>

Joe Biden to reveal leak that could spark Bitcoin prices, Washington Post reports

Table of Contents

TheBitTimes

Other articles published on Oct 26, 2023

Trader Updates Outlook on Altcoin That’s Exploded Over 1,000% in Two Months, Sets Targets for Solana

Elon Musk and Crypto Community on X’s Audio and Video Calling Feature

DoJ asked to mull criminal charges against Binance and Tether

Bitcoin Oscillates Below $35,000 And Targets Previous Highs

How Did Everlodge (ELDG) Investors Get 130% Profit Within Weeks, PancakeSwap (CAKE) and Huobi (HT...

BREAKING! CBRT Announced its October Interest Rate Decision, Here is the Reaction of the Dollar!

Join our free newsletter for daily crypto updates!