Panama’s new canal dam plan puts thousands of villagers at risk, prompting protests over mass displacement.
What were the policies during the Biden administration?During the Biden administration, government policy on cryptocurrency was mixed, with a plethora of lawsuits brought against crypto firms by then Securities and Exchange Commission (SEC) chair Gary Gensler, who has been replaced under the new Trump administration. There were also major moves to adopt cryptocurrency, with the SEC approving 11 spot Bitcoin ETFs in January 2024.
In 2022 and into 2023, the crypto market faced major drawdowns following the implosion of Bahamas-based cryptocurrency exchange FTX in 2022 and the regional banking crisis in early 2023. This led to the Federal Reserve Board releasing statements to banks on the risks of crypto assets, which it has recently withdrawn.What are Trump’s crypto policies?The crypto industry has emerged as a significant political player, contributing large sums to support Trump and other legislators.
Much of Biden’s crypto policies have been rescinded under the Trump administration, with the US Senate advancing key pro-crypto legislation such as the establishment of the Strategic Bitcoin Reserve and the Digital Asset Stockpile, aimed at maintaining control of Bitcoin seized as part of “criminal or civil asset forfeiture proceedings”.Trump’s cryptocurrency policies included appointing pro-crypto figures to key regulatory roles, such as naming Paul Atkins as the new SEC chair.
The most recent rally in Bitcoin is largely prompted by investor optimism over a more crypto-friendly administration and proposed regulatory changes to reduce barriers to entry in the crypto asset markets.
Unlike fiat currencies, Bitcoin’s maximum supply is 21 million coins. Because of this, the White House has stated “there is a strategic advantage to being among the first nations to create a strategic Bitcoin reserve.”“The phase we’re in now is starting to execute some of the lines of effort in terms of legislative, legal and financial penalties for what we consider to be material support for terrorism,” Coates told The New York Times.
Trump’s crackdown on college protests seems to align with what Project Esther is trying to achieve.For example, the US administration has been revoking the visas of foreign students critical of Israel. This echoes a proposal in Project Esther, which calls for identifying students “in violation of student visa requirements”.
The Heritage Foundation also extensively cites Canary Mission – a website dedicated to doxxing and smearing pro-Palestine students – in its footnotes for Project Esther. The Trump administration is also suspected of relying on the website, along with other, to identify students for deportation.