Search results for "FOX"
2026-03-27
04:46

White House official: David Sacks will continue to serve as the head of AI and cryptocurrency while also serving as the co-chair of PCAST.

Gate News reports that on March 27, according to Fox Business, a senior advisor at the White House stated that David Sacks will continue to serve as the head of the White House's artificial intelligence and cryptocurrency sectors, while also being appointed as the co-chair of the President's Council of Advisors on Science and Technology (PCAST). As of now, David Sacks's affiliated X account at the White House still shows the description as "White House A.I. & Crypto.
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03:40

Pompliano reminds investors: Bitcoin's value test is approaching. Can cooling inflation support holding positions?

February 14 News, Bitcoin entrepreneur Anthony Pompliano recently stated that as inflation data recedes, Bitcoin investors face the challenge of reassessing their reasons for holding. Pompliano pointed out on Fox Business that the value of Bitcoin lies in its limited supply, and when governments increase money issuance, Bitcoin prices tend to rise. He believes that, like gold, Bitcoin is a preferred long-term investment asset, but during periods of weakening inflation, investors may need to consider their holdings more cautiously. According to data from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) in January decreased from 2.7% in December to 2.4%. Moody’s Chief Economist Mark Zandi warned that headline inflation data might be lower than actual experience, implying that market demand for inflation-hedging assets like Bitcoin could be affected in the short term. Pompliano stated that the macroeconomic environment will continue to influence Bitcoin price fluctuations, which he calls the “currency slingshot effect”—the short-term deflation masking the dollar’s devaluation trend, leading investors to pay more attention to Bitcoin’s value preservation function in the future.
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BTC-0,55%
08:55

Trump criticizes Powell again as the "wrong person"! Hints at a potential shift in monetary policy, with markets and Bitcoin being highly sensitive

President Trump openly stated in an interview with Fox Business that choosing Jerome Powell as Federal Reserve Chair was "a major mistake," and he rarely admits that he was more inclined toward Kevin Wirth but did not stick to it. He said that this decision did not align with his economic philosophy of emphasizing growth and momentum, and the Fed's policy pace also failed to support this direction. This statement quickly sparked market discussion and was seen as a strong hint about the future direction of monetary policy. Kevin Wirth is not an ordinary choice. He served as a Federal Reserve Board member from 2006 to 2011, deeply involved in decision-making during the global financial crisis, and is known for his hawkish stance on inflation. In 2017, he was a top candidate for Fed Chair, ultimately ranking second. Trump’s "revisiting the past" is interpreted by outsiders as a reflection on past decisions and also signals a reconsideration of future policy candidates.
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BTC-0,55%
08:21

Powell Under Investigation, Waller's Nomination Stalls: Federal Reserve Personnel Turmoil Impacts Bitcoin Market

U.S. Treasury Secretary Scott Bessent urges the Senate Banking Committee to expedite the confirmation hearings for Kevin Warsh as the next Federal Reserve Chair, despite the ongoing investigation by the Department of Justice into current Chair Jerome Powell. This statement has drawn attention from both Washington and financial markets. Bessent responded to Senator Tom Tillis's obstruction stance in an interview with Fox News. Tillis previously stated that if the investigation is not concluded, he would suspend all nomination processes for the Federal Reserve Chair. Bessent emphasized that the hearings themselves help clarify the controversy and should not be delayed long-term by political deadlock.
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BTC-0,55%
10:50

Amidst the obstacles to the crypto bill, Lummis supports stablecoins, and U.S. banks may face a window for digital asset transformation

On February 6, it was reported that as the U.S. cryptocurrency market structure bill has yet to be enacted, U.S. Senator Cynthia Lummis called on domestic banks to view stablecoins and digital assets positively. In an interview with Fox Business, she stated that digital asset custody and stablecoin payments are not threats, but rather bring new product forms and growth opportunities to the traditional financial system. Lummis is currently the chair of the Senate Digital Asset Committee. She pointed out that stablecoins can significantly shorten cross-border and domestic settlement times while reducing costs, thereby expanding the service boundaries of banks. "This is not only beneficial to consumers but also creates new revenue streams for banks," she emphasized.
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BTC-0,55%
01:28

Democratic Senators in the U.S. Senate send positive signals after closed-door meeting on the CLARITY Act

PANews February 5 News, according to FOX reporter Eleanor Terrett, the discussion atmosphere at today's Democratic meeting was positive, and some attendees considered it one of the most productive meetings to date. Senate Majority Leader Chuck Schumer attended and emphasized the importance of industry participation, urging to maintain the momentum and expedite the passage of the CLARITY Act legislation.
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15:36

Real estate tycoon Grant Cardone plans to launch a hybrid investment product combining Bitcoin and real estate

Grant Cardone stated in an interview with Fox Business that he plans to go public with Cardone Capital and launch an investment tool combining Bitcoin and real estate. He emphasized integrating Bitcoin's liquidity with real estate cash flow while promoting the tokenization of real estate assets. Additionally, he mentioned that the Trump administration is studying the application of cryptocurrencies to stabilize the financial system.
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BTC-0,55%