Crypto-Currency Act of 2020

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News Date: May 9, 2020

US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine.
The bill clarifies which federal agencies regulate which type of crypto assets. It's crucial that America remains the global leader in cryptocurrency, the lawmaker said.
Source:congress.gov

Vance Backs Trump on Fed Influence

Senator JD Vance, R-Ohio, who is former President Trump's vice presidential nominee, expressed support for Trump's idea that U.S. presidents should have a say in the Federal Reserve's monetary policy decisions, including interest rate changes.
In an interview on CNN's "State of the Union," Vance agreed with Trump, arguing that such decisions should involve America's elected leaders and not be left solely to the independent Federal Reserve.
Vance acknowledged that this would mark a significant shift from the traditional approach, where the Fed operates independently of political influence, but emphasized that Trump is advocating for greater political input, not direct control, over monetary policy.

Trump vows tax cuts and debt relief

President Trump made a campaign stop in Durham, N.H., on Saturday.
Donald Trump: "Here is my pledge to every New Hampshire family: I will never let the Trump tax cuts and they are the biggest tax cuts in the history of our country. I will never let them be taken away from you and with your vote in this election we will cut your taxes even further."
He also promised to take economic measures to get rid of the massive national debt.

The largest Tax Relief Package in Florida

Florida governor announces new Florida tax holidays and exemptions.
Ron DeSantis Signed the Largest Tax Relief Package in Florida History.
Florida tax relief bill focuses on saving money for families with young children.
The tax relief bill will save Floridians an estimated $1.1 billion.
Sources: fox35orlando.com

The FED announces a new upgraded system

The Federal Reserve Board announced that it will replace its current bank application filing system with a new and upgraded system later this month.
The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications.
Sources: federalreserve.gov

What is Section 230 which Trumps wants terminated?

Section 230 is a piece of Internet legislation, passed into law as part of the Communications Decency Act (CDA) of 1996 (a common name for Title V of the Telecommunications Act of 1996), formally codified as Section 230 of the Communications Act of 1934 at 47 U.S.C.§ 230.
Targeting fake news and the US presidential elections, Trump and others have attacked Section 230, saying it has given companies too much legal protection, allowing them to escape unscathed.
Sources: twitter.com, opoyi.com