David Sacks: White House Will Support CRA to Repeal "DeFi Broker Rule"

March 5th. As per the Financial Times, the UK government has asked Apple (AAPL.O) to establish a "backdoor" within its most secure cloud storage system, iCloud. In reply, Apple is escalating its battle against the UK government by filing a legal appeal in an effort to set aside this order. According to those with knowledge of the matter, Apple has appealed to the Investigatory Powers Tribunal, an independent judicial entity responsible for examining complaints against the UK security services. The tribunal will assess whether the notice issued to Apple by the UK is legal, and if found to be unlawful, it may direct the notice to be annulled. This case is anticipated to reach the court as early as this month. The government may impose restrictions on the case by citing national security. The UK government deems it crucial to break through encryption barriers in systems such as information and backups in order to safeguard the public from terrorism threats and to investigate child sexua

On March 5th, President Trump of the United States responded to Canada's retaliatory tariffs on social media, indicating that once Canada imposes retaliatory tariffs on the United States, our reciprocal tariffs will immediately rise by an equal amount. (Financial Times)

On March 5th, according to HTX market data, Bitcoin saw a rebound and exceeded $85,000. The 24-hour decline was narrowed to 6.01%.

On March 5th, based on HTX market data, Bitcoin saw a rebound and exceeded $84,000. The 24-hour price decline narrowed to 6.78%.

On March 5th, according to HTX market data, Ethereum witnessed a rebound and managed to break through $2100. The 24-hour loss was narrowed to 7.33%.

On March 5th, according to the DeFi Education Fund, in a supermajority bipartisan vote, the Senate voted to commence the discussion and debate on the Congressional Review Act (CRA) resolution (S.J.Res.3). This resolution specifically focuses on the DeFi-related aspect of the Internal Revenue Service (IRS) "broker" rulemaking. This is a momentous step forward as it has now entered the debate stage prior to a full Senate vote.