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$770 billion defense bill signed by Biden calls for emerging technology strategy

The newly-signed $770 billion defense bill directs the Department of Defense to develop a digital health strategy for emerging technologies, including distributed ledgers. President Joe Biden signed the National Defense Authorization Act for Fiscal Year 2022 on Monday after the bill passed the House and the Senate this month. It contains little mention of blockchain or crypto-related efforts. However, it directs the Secretary of Defense to develop a means of incorporating emerging technologies, including distributed ledger technologies, by April 1, …

Biden’s banking regulator nominee withdraws under widespread scrutiny

On December 7, Saule Omarova, who had been President Biden’s nominee to serve as Comptroller of the Currency, withdrew from the running.  “At this point in the process, however, it is no longer tenable for me to continue as a Presidential nominee,” wrote Omarova.  The comptroller leads the Office of the Comptroller of the Currency, which regulates federally chartered banks. The crypto industry’s engagement with the OCC peaked during the brief tenure of Brian Brooks, who subsequently took on roles …