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After reportedly meeting with several Bitcoin (BTC) miners at his Mar-a-Lago resort in Palm Beach, Florida, during which he promised support for Bitcoin mining if elected into the White House, former United States President Donald Trump had more to say on the matter. Specifically, Trump expressed his view that “Bitcoin mining may be our last line of defense against a CBDC,” referring to the earlier announced central bank digital currency that many believe threatens the nation’s economy, in a post on his Truth Social account shared on June 12. Donald Trump’s post on Bitcoin mining. Source: Truth Social CBDC issue in the US As a reminder, CBDCs have become a point of contention in US politics, with Congressman Tom Emmer warning that they might be “CCP-style surveillance tool” out to “destroy the American way of life” as he was presenting his CBDC Anti-Surveillance State Act, arguing that: Picks ...

According to a recent court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) is scheduled to deliver its response to Coinbase’s initial legal defense on July 13. The SEC has also filed a request with the court, seeking a three-business-day extension, as mentioned in a legal document filing. Taking a stronger position Coinbase’s legal counsel argued in a recent court letter that the company has presented various defense s in response to the SEC’s complaint, including claims of due process violation and abuse of discretion. They further contended that there is a fundamental issue with the SEC’s case, which the chair acknowledged two years ago, asserting that Coinbase should be entitled to judgment on the pleadings as the subject matter falls outside the SEC’s authority.  As a result, a conference has been scheduled for July 13, during which the judge will decide whether Coinbase will be allowed to proceed ...