Coronavirus Stimulus Offered By House Financial Services Committee Creates New Digital Dollar

As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.

Dow soars over 11% in strongest one-day performance since 1933

The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.

Finnish MP under investigation for supporting biblical view of sexuality

A Finnish Member of Parliament is under investigation for expressing the biblical view of sexuality in a series of television interviews, police charging her with “hate speech” in a case that civil liberties groups are seeing as a harbinger of ill-fortune for free speech.

U.S. House backs extension of FISA surveillance law

The U.S. House of Representatives approved legislation on Wednesday to extend a divisive set of government surveillance tools, a major boost for efforts to reauthorize the program before it expires on Sunday.

House approves $8.3B to battle coronavirus

The House passed an $8.3 billion measure to fund the federal government’s response to the coronavirus outbreak, which has claimed 11 lives and infected more than 100 people in the United States.

Biden Wins Big in South Carolina

Former Vice President Joe Biden scored a big victory in the South Carolina Democratic primary on Saturday, winning more than twice the votes of the second-place finisher, Sen. Bernie Sanders of Vermont.

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