U.S.President Joe Biden signs the Inflation Reduction Act of 2022

[U.S. President Joe Biden signs the 2022 Inflation Reduction Act] Jinse Finance reported that U.S. President Joe Biden signed the 2022 Inflation Reduction Act (Inflation Reduction Act) with a total value of 750 billion U.S. dollars, making the legislation formal take effect. The content-zce of the legislation includes combating climate change and expanding health care coverage. The legislation allocates $369 billion for energy security and climate investments and aims to reduce carbon emissions by 40% by 2030. The legislation also allocated $64 billion for Affordable Care Act subsidies, limiting out-of-pocket drug costs for seniors to $2,000 a year. At the same time, the legislation allocates $80 billion to strengthen IRS enforcement and ensure that high-income individuals and companies do not evade taxes. Additionally, the legislation includes a 1% excise tax on share buybacks. The White House claims the legislation will reduce the government's budget deficit by about $300 billion over the next decade.

Other news:

Mayor of Miami: The next U.S. president must be a candidate who supports Bitcoin: On April 6th, Miami Mayor Francis Suarez (Francis Suarez) advocated elections to support Bitcoin in his speech at the opening ceremony of "Bitcoin 2022" official. “The next U.S. president must be a pro-Bitcoin candidate,” he said. (Bitcoin Magazine)[2022/4/6 14:08:42]

U.S. President Joe Biden will sign an executive order to regulate cryptocurrencies next week: Golden Finance reported that U.S. President Joe Biden is expected to issue an executive order next week directing government agencies to study cryptocurrencies and central bank digital currencies (CBDCs), And propose a government-wide digital asset regulatory strategy. According to an administration official familiar with the matter, the forthcoming directive will commission a study on central bank digital currencies and require a range of agencies, including the Treasury, State, Justice and Homeland Security departments, to develop a policy on currency and payment systems. future report. Meanwhile, the Director of the Office of Science and Technology Policy will conduct a technical assessment of what might be needed to support a CBDC system. But a Treasury Department official disputed that claim as "inaccurate" amid a broad government effort to regulate the industry.

Earlier news, the FBI established a new cryptocurrency unit, led by an experienced computer crime prosecutor. (Yahoo Finance) [2022/2/18 9:59:58]

U.S. President Biden Signs Temporary Appropriations Bill: According to news on October 1, the White House stated in a statement that U.S. President Biden has signed a temporary appropriations bill that will provide funding for the federal government until December 3, allowing the government to avoid a partial shutdown. The bill also includes $28.6 billion to rebuild some states after hurricanes and wildfires and $6.3 billion to resettle U.S. refugees from the Afghan war, but does not include a debt ceiling suspension. (Golden Ten) [2021/10/1 17:19:23]