BitcoinWorld Economic Data Integrity: Trump’s Shocking Order Sparks Jobs Report Controversy In the dynamic world of finance, from traditional stocks to the volatile realm of cryptocurrencies, one constant truth prevails: market confidence hinges significantly on the perceived reliability of official economic indicators. When the spotlight turns to the very foundation of these indicators – economic data integrity – it sends ripples across all sectors. Recently, a significant political development has ignited widespread discussion, raising questions about the accuracy and impartiality of crucial government statistics, particularly concerning jobs reports. What’s the Latest on Economic Data Integrity? The news, as reported by Whale Wire CEO Jacob King on X, points to a startling directive from former President Donald Trump. According to King, Trump has allegedly ordered the dismissal of Labor Commissioner Erika McEntarfer. The reason? A “shockingly low” jobs report that, crucially, saw a significant downward revision of job gains. This incident immediately thrusts the concept of economic data integrity into the forefront of national discourse. The core of the controversy centers on two main points: The initial publication of a jobs report deemed “shockingly low” by Trump. A subsequent revision that reduced reported job gains by a substantial 258,000. Accusations from Trump that the Commissioner previously manipulated data to undermine his presidential campaign. Such accusations, if substantiated, have profound implications not just for political narratives but for the fundamental trust in the institutions responsible for compiling and disseminating vital economic information. The Jobs Report Controversy: Why Revisions Spark Debate Jobs reports are among the most closely watched economic indicators, offering a snapshot of the labor market’s health. They influence everything from Federal Reserve interest rate decisions to investor sentiment. Revisions to these reports are not uncommon; initial estimates are often refined as more comprehensive data becomes available. However, the scale of this particular revision, coupled with the political context, has amplified concerns about economic data integrity . Let’s consider the impact of such revisions: Aspect Initial Report Revised Report Job Gains (Reported) Higher Initial Estimate 258,000 Lower Market Perception More Optimistic Less Optimistic Economic Outlook Stronger Growth Indicated Slower Growth Indicated While routine, a revision of this magnitude, especially when accompanied by accusations of political motivation, inevitably raises questions about the robustness of the initial data collection and analysis processes. This directly challenges public confidence in economic data integrity . Accusations of Manipulation: A Threat to Trust in Economic Data Integrity? Trump’s accusation goes beyond just the recent revision. He claims that Commissioner McEntarfer previously manipulated data specifically to damage his presidential campaign. This suggests a pattern of alleged misconduct, if true, that extends beyond a single report. Such claims, whether proven or not, can erode public trust in government institutions and the information they provide. The implications of such accusations are far-reaching: Erosion of Public Trust: If citizens believe economic data is manipulated for political gain, it undermines faith in government transparency and accountability. Market Volatility: Uncertainty about the true state of the economy can lead to increased market volatility as investors struggle to make informed decisions. Policy Challenges: Policymakers rely on accurate data to formulate effective strategies. Doubts about data accuracy can lead to misguided economic policies. Impact on Investment Decisions: Businesses and individuals make investment choices based on economic outlooks. Compromised data makes these decisions riskier. The ongoing debate highlights the critical importance of maintaining impeccable economic data integrity for a stable and predictable economic environment. Why Does Economic Data Integrity Matter for Crypto Investors? While this incident appears rooted in traditional politics and economics, its implications resonate within the cryptocurrency world. Crypto markets, despite their decentralized nature, are not immune to broader economic sentiment and global market trends. Here’s why economic data integrity is relevant: Investor Confidence: When confidence in traditional economic data wavers, it can lead to a flight to safety or, conversely, a search for alternative assets. Some investors might view cryptocurrencies as a hedge against perceived manipulation or instability in traditional systems. Monetary Policy Impact: Central banks use jobs reports and other economic data to guide monetary policy. If these reports are questioned, central bank decisions might be perceived as less reliable, potentially impacting inflation expectations and, by extension, the appeal of deflationary assets like Bitcoin. Market Narrative: A narrative of distrust in official statistics can fuel interest in decentralized, transparent systems, which is a core tenet of many cryptocurrencies. Capital Flows: Global capital flows are influenced by perceptions of economic stability and growth. If a major economy’s data is seen as unreliable, it could affect foreign investment and overall market liquidity, which can indirectly impact crypto valuations. Ultimately, a healthy global economy, built on reliable data, provides a more stable backdrop for all asset classes, including the burgeoning digital asset space. Questions about economic data integrity introduce an element of uncertainty that no market welcomes. Navigating Uncertainty: Actionable Insights for the Informed Investor In an environment where the reliability of official economic data is being questioned, how can investors, particularly those in the crypto space, navigate the waters? Maintaining a clear perspective and making informed decisions is paramount. Diversify Your Portfolio: Don’t put all your eggs in one basket. A diversified portfolio, including a mix of traditional and digital assets, can help mitigate risks associated with specific market shocks or data controversies. Stay Informed, Critically: Follow news from multiple reputable sources. Understand that initial reports can be revised and that political rhetoric often accompanies economic discussions. Distinguish between verified facts and accusations. Focus on Long-Term Trends: While short-term news cycles can create volatility, fundamental long-term trends in technology adoption, global economic shifts, and industry growth often provide a more reliable compass for investment decisions. Understand the Macro Landscape: Recognize that individual economic reports are part of a larger picture. Look at multiple indicators and global events to form a comprehensive view of the economy. Practice Due Diligence: For crypto investments, this means thoroughly researching projects, understanding their utility, and assessing their long-term viability, rather than reacting impulsively to every market tremor. The incident surrounding the jobs report and the Labor Commissioner serves as a stark reminder of the continuous need for vigilance and a deep understanding of the forces shaping our financial world, reinforcing the need for economic data integrity . The alleged directive from Donald Trump to dismiss Labor Commissioner Erika McEntarfer over a revised jobs report has undeniably sparked a significant debate about the transparency and reliability of government-issued economic statistics. While the full implications of these accusations are still unfolding, the incident underscores a fundamental principle: the bedrock of a stable economy and confident markets is unassailable economic data integrity . For investors across all asset classes, including the rapidly evolving cryptocurrency market, trust in the data that shapes policy and market sentiment is paramount. As this story develops, it will be crucial to observe how these claims are addressed and what measures, if any, are taken to reinforce public confidence in the accuracy of economic reporting. Frequently Asked Questions (FAQs) Q1: What is the main controversy regarding the Labor Commissioner? A1: The controversy stems from former President Donald Trump’s alleged order to fire Labor Commissioner Erika McEntarfer following a “shockingly low” jobs report that was later revised downward by 258,000 jobs. Trump also accused her of manipulating data in the past to harm his presidential campaign. Q2: Why are jobs reports so important for the economy? A2: Jobs reports are crucial economic indicators that provide insights into the health of the labor market. They influence monetary policy decisions by central banks, affect investor confidence, and help businesses and individuals make financial plans. Their accuracy is vital for sound economic decision-making. Q3: How does this incident relate to “economic data integrity”? A3: This incident directly challenges “economic data integrity” by raising questions about the impartiality and accuracy of official government statistics. Accusations of data manipulation, whether proven or not, can erode public trust in the reliability of information used to gauge economic performance. Q4: Can controversies over economic data affect cryptocurrency markets? A4: Yes, indirectly. While crypto markets are decentralized, they are influenced by broader economic sentiment. Doubts about traditional economic data can impact investor confidence, lead to shifts in capital flows, and fuel narratives around decentralized alternatives, all of which can affect crypto valuations. Q5: Are revisions to economic data reports common? A5: Yes, revisions to economic data, including jobs reports, are common as more comprehensive information becomes available. However, the magnitude of a revision, especially when coupled with political accusations of manipulation, can draw significant scrutiny and raise concerns about the underlying data quality. What are your thoughts on the importance of economic data integrity in today’s volatile markets? Share this article on your social media platforms to join the conversation and help others understand the potential implications of this significant development! To learn more about the latest economic policy trends, explore our article on key developments shaping global markets and their future impact . This post Economic Data Integrity: Trump’s Shocking Order Sparks Jobs Report Controversy first appeared on BitcoinWorld and is written by Editorial Team
This week marked a turning point in U.S. crypto regulation, as both Congress and regulatory agencies moved forward with frameworks that could finally bring clarity to the digital asset space. With the SEC unveiling sweeping ETF reform and the White House publishing its long-awaited crypto policy report, America is sending a clear message: the U.S. wants to lead the next chapter of digital finance. Trump’s Crypto Regulation Roadmap Looks to Cement U.S. Leadership On July 30, the President’s Working Group on Digital Asset Markets released a 166-page report outlining the Trump administration’s blueprint for transforming the U.S. into the “Crypto Capital of the World.” The document, which embraces terms like “Golden Age of Crypto,” proposes legislative and regulatory clarity as the foundation for future growth. Trump admin report calls for clear SEC/CFTC crypto rules, DeFi adoption & modern bank reforms. #Trump #CryptoRegulations https://t.co/qLYj3tAhZ2 — Cryptonews.com (@cryptonews) July 30, 2025 Key recommendations include giving the Commodity Futures Trading Commission (CFTC) explicit authority over spot markets for non-security digital assets and formally integrating decentralized finance (DeFi) into traditional market infrastructure. The report also calls for Congress to affirm the right of people to custody their own digital assets and transact peer-to-peer without financial intermediaries. Additionally, the report reflects a political strategy as well. With Trump enjoying a 72% approval rating among crypto holders—according to internal polling cited in the report—there’s no doubt that crypto policy is becoming a serious campaign platform. Industry leaders have responded positively. Rebecca Liao, co-founder, and CEO of Web3 protocol Saga, commented: “By today’s standards, this policy document is not controversial and reflects crypto consensus. Because the recommendations are more reasonable, they should be easier to implement than the extreme ideas often floated on Crypto Twitter.” “Even diehard crypto maxis now accept that unchecked manipulation has eroded trust. For this market to grow sustainably, that issue can’t be ignored much longer,” said Liao. Congressional Pressure Mounts to Pass Crypto Market Structure Legislation Following the report’s release, House Financial Services Committee Chairman French Hill issued a statement urging the Senate to act swiftly. With the GENIUS Act already the law and the CLARITY Act receiving overwhelming bipartisan support in the House, Hill is pushing for crypto market structure legislation to reach President Trump’s desk. “I’m pleased to see the Working Group’s strong support of the CLARITY Act,” said Hill. “Now the Senate must expeditiously work to deliver critical legislation that realigns our regulatory landscape with the President’s vision.” SEC Unveils Project Crypto and Advances ETF Reform In tandem with the White House roadmap, the SEC launched “Project Crypto,” a sweeping initiative designed to modernize securities laws to accommodate blockchain-based financial products. Chairman Paul Atkins announced the initiative during a speech at the America First Policy Institute, stating that the time had come to bring crypto asset issuance and trading back to U.S. soil. SEC Chairman Paul Atkins launches 'Project Crypto' initiative to make America the 'crypto capital of the world' through comprehensive regulatory modernization. #SEC #Crypto #America https://t.co/7dVUQ2rEZ8 — Cryptonews.com (@cryptonews) July 31, 2025 Perhaps most impactful is the SEC’s new Generic Listing Standards for crypto exchange-traded products. These rules, published via the CBOE, outline that any crypto asset with active futures markets for at least six months would automatically qualify for ETF listing. Analysts believe up to a dozen tokens could be approved by October, opening the door to a more inclusive and transparent crypto investment market. SEC establishes new crypto ETF listing standards enabling approximately dozen major digital assets to gain approval by October through streamlined framework. #SEC #ETFs https://t.co/grlJtGb5tH — Cryptonews.com (@cryptonews) July 31, 2025 A New Era for Regulated Crypto Investing? The week’s developments in crypto regulation suggest that after years of fragmented regulation and uncertainty, a new era may be dawning for U.S.-based crypto investors. Policies are becoming more predictable, access is being broadened, and lawmakers are working in parallel with regulators to build lasting infrastructure. Laurent Kssis, CEO of CEC Capital and a seasoned crypto ETP expert, welcomed the FCA’s recent decision to allow UK retail investors access to crypto ETNs as a sign that matures regulatory environments are finally gaining momentum. The UK FCA will allow retail investors to access crypto ETNs starting Oct 8—reversing a 4+ year ban. #FCA #ETNs https://t.co/aK2NkOS0Md — Cryptonews.com (@cryptonews) August 1, 2025 As we enter the second half of 2025, the tone is clear: crypto is no longer a fringe asset class. With regulatory foundations being laid in Washington, the opportunity to reshape global digital finance is very much alive—and increasingly being led from the top. The post Weekly Crypto Regulation Roundup: SEC Advances ETF Reform, White House Unveils Crypto Roadmap appeared first on Cryptonews .
US President Donald Trump announced that he has ordered the immediate dismissal of Bureau of Labor Statistics (BLS) Director Erika McEntarfer following the release of weak employment data in July. In a post on Truth Social, Trump accused McEntarfer of politicizing employment data, calling her a “Biden political appointee.” No concrete evidence was presented for these accusations. Bitcoin price experienced another sudden drop following the development: Chart with minute candles showing the decline in BTC price. “I have instructed my team to immediately remove this Biden political appointee. He will be replaced by someone far more competent and qualified. Such crucial data must be fair and accurate and cannot be manipulated for political purposes,” he said. According to a BLS report released today, nonfarm payrolls increased by only 73,000 in July. Furthermore, data for the previous two months was revised downward by a total of approximately 260,000. The average employment gain for the past three months was only 35,000, marking the weakest performance of the post-pandemic era. Related News: After Employment Data, Senior Fed Official Bostic Talks About Rate Cuts - What Does He Expect? McEntarfer was appointed by former President Joe Biden in 2023 and took office after receiving Senate confirmation at the beginning of 2024. The BLS has not yet released a statement on the matter. Employment data is generated through a three-month survey process. However, the initial company response rate has recently fallen below 60%. Before the pandemic, this rate was typically above 70%. Furthermore, the BLS issues major annual revisions each February, based on more robust but delayed data. The annual preliminary estimate released for 2024 was one of the largest revisions since 2009. While addressing these revisions in his post, Trump also had harsh words for Fed Chair Jerome Powell. He argued that the Fed was “playing around” with interest rates and said Powell “should be retired now.” *This is not investment advice. Continue Reading: Donald Trump Announced He Will Fire the Head of the Statistics Bureau for “Publishing Bad Data” – Bitcoin Reacted
Atlanta Fed President Raphael Bostic told CNBC that July employment data suggests risks in the labor market may be increasing. However, Bostic said it's too early to change the economic outlook despite the data. “Today's data and the revisions suggest the economy and labor market may be weakening more broadly than what we're seeing in the Atlanta Fed area,” Bostic said. Still, he maintained that this week's interest rate decision was the right one, adding, “This data wouldn't have changed our decision.” Downward revisions to July's data revealed that employment growth has lost momentum. Bostic said, “The data suggests the labor market is slowing, but it remains strong in many respects.” He noted that he hasn't received any significant signals from companies about layoffs, adding that unemployment concerns are not yet prevalent at this stage. Related News: HOT MOMENTS: Donald Trump's Nuclear Threat Hits Cryptocurrencies - Here's the Latest Data Bostic said, “Going into this week, I thought the inflation risk was greater than the employment risk. However, today, I see these two risks becoming more balanced.” Recalling the delicate balance between the Fed's dual goals of employment and price stability, Bostic stated that risks on both sides must be carefully monitored. Bostic, who also commented on trade tariffs, said that customs duties could have a longer-lasting impact on consumer psychology. “Customs duties don't work as described in the textbooks,” he said, emphasizing the complexity of this process. Bostic, who maintains his forecast for a 2025 interest rate cut based on current data, said, “We need to reassess our views as new data becomes available.” He also noted that there is an active debate about how restrictive the Fed's policies currently are. *This is not investment advice. Continue Reading: After Employment Data, Senior Fed Official Bostic Talks About Rate Cuts – What Does He Expect?
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A significant breakthrough in the U.S. crypto ETF landscape could be just days away. According to a recent update from SMQKE on X, the Securities and Exchange Commission (SEC) may issue a decision on a new ETF listing framework within 21 days, a development that could directly impact the approval timeline for spot XRP ETFs. This follows new proposals by both the Cboe BZX Exchange and NYSE Arca, which aim to simplify the listing process for crypto-based exchange-traded funds. If approved, these changes would eliminate the need for individual 19b-4 filings for each crypto ETF, a move that could drastically reduce both the time and cost required to bring these products to market. What the Proposed Framework Changes Currently, crypto ETF issuers must file a 19b-4 form for each product, triggering a lengthy SEC review period that can stretch up to 240 days. The newly proposed framework by Cboe and NYSE Arca would allow qualified crypto ETFs to list under generic standards, streamlining the process. XRP ETF DECISION COULD COME WITHIN 21 DAYS AS SEC REVIEWS NEW LISTING FRAMEWORK Heard it here first. Documented. pic.twitter.com/6WQKJ5UQW1 — SMQKE (@SMQKEDQG) August 1, 2025 These standards would initially cover crypto assets with an established futures trading history, specifically, at least six months of trading on a regulated U.S. derivatives platform like Coinbase Derivatives Exchange. XRP, along with assets like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), meets this threshold, positioning it as a strong candidate once the framework is adopted. Though the current proposals don’t yet specify liquidity or market cap thresholds, both exchanges have indicated plans to introduce these standards later. A Faster Timeline for Approval If the SEC approves the new listing framework, eligible crypto ETFs could bypass the drawn-out 19b-4 process. This would allow issuers to launch ETFs much faster, potentially within 75 days rather than waiting up to eight months. In the short term, the SEC’s earliest decision on this rule change could come within 21 days from the publication of the proposals in the Federal Register. That timeline aligns with the standard comment and review period for such filings, according to SEC procedures . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Changing Regulatory Climate The SEC’s openness to a more efficient ETF process reflects a broader shift toward crypto integration within U.S. capital markets. Just days ago, the Commission approved in-kind creation and redemption mechanisms for crypto ETFs, removing operational restrictions that previously limited efficiency and liquidity in the crypto ETF space. In a separate policy roadmap released July 31, the SEC announced sweeping plans to better accommodate tokenized assets, signifying a more supportive stance toward blockchain-based financial products. What This Means for XRP For XRP, this could mark a turning point. Current XRP ETF filings, some of which already passed public comment phases, are waiting on the SEC’s next move. If the generic listing framework is adopted, XRP ETF issuers that meet the requirements could quickly bring their products to market without additional regulatory hurdles. As SMQKE noted, a decision could arrive within 21 days, a timeline that would have been unthinkable under the old rules. If approved, XRP could soon follow Bitcoin and Ethereum into the U.S. ETF spotlight , offering institutional investors broader access to one of the world’s most actively used digital assets. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP ETF Decision Could Happen Within 21 Days. Here’s Why appeared first on Times Tabloid .
For players who value fairness, transparency, and fast access to their winnings, probably fair crypto gambling platforms offer a better alternative to traditional online casinos. These platforms allow users to verify every game outcome through on-chain or cryptographic proofs, giving players the power to confirm that no manipulation has occurred. The best sites also combine this fairness with fast crypto payments and a wide selection of games. In 2025, Spartans stands out for delivering all three: verifiable game outcomes, instant withdrawals, and smooth cross-platform gameplay. Here’s a breakdown of the top seven provably fair crypto gambling platforms worth trying today. 1. Spartans: Best Overall for Fairness and Fast Payouts Spartans.com ranks #1 among provably fair crypto gambling platforms for one simple reason: it gives players both transparency and control. Every slot, crash game, and dice-based experience on Spartans is powered by verifiable fairness protocols. Players can check seed hashes, verify results, and confirm game outcomes using on-chain systems or server-client randomness models. Nothing is left to chance, or at least not an unprovable chance. What sets Spartans apart from the rest is how easy it is to access this data. With just one click, users can see exactly how a game outcome was generated. And unlike many platforms that delay withdrawals or hold up crypto payouts during audits, Spartans guarantees instant withdrawals. Once a player requests their winnings, whether it’s in BTC, ETH, USDT, or AVAX, the funds land in their wallet within seconds, not hours. The platform supports over 5,900 games from 43+ providers, all playable with major cryptocurrencies. Its fairness engine runs silently in the background while users enjoy high-volatility slots, crash multipliers, or classic table games. With provable fairness baked into every spin and lightning-speed payments, Spartans offers players the trust and responsiveness they deserve. 2. Stake.com: Reliable Fairness, Slower Withdrawals Stake.com is a familiar name in crypto gambling, with strong systems in place for provable fairness. The platform allows users to view bet hashes, nonce values, and result data across a variety of in-house games. While Stake is technically sound, its crypto withdrawal times, especially for larger amounts, can range from minutes to hours, depending on account verification and platform activity. It’s trusted, but not the fastest. 3. Roobet: Trusted Fairness With Some Payment Friction Roobet earns its place among the top provably fair crypto gambling platforms thanks to its long-standing use of cryptographic fairness tools in games like crash and dice. Players can verify outcomes in real time, and the user interface makes accessing fairness data relatively simple. However, Roobet’s withdrawal process isn’t as instant as Spartans. Larger payouts often require manual approval, and some currencies take longer to process. 4. Gamdom: Transparent Games With Mixed Speed Gamdom offers verifiable outcomes across its custom games, including roulette, crash, and trade-up formats. Players have access to hash verification tools that confirm randomness. While the platform’s transparency is commendable, crypto payment processing is inconsistent. Some players report fast transactions, while others face waiting times or minor hiccups depending on the token used. 5. BC.Game: Wide Variety, Moderate Fairness Tools BC.Game features a huge catalog of crypto games and includes fairness verification on many of its proprietary titles. It offers hash chain previews and roll confirmations. However, the platform’s UX makes it harder to quickly audit outcomes, and its withdrawal speed doesn’t match leaders like Spartans. Still, for players who prioritize variety and occasional fair-play verification, it’s worth a look. 6. BetMGM: Great Reputation, Limited Crypto Fairness BetMGM is known for its strong brand and regulatory compliance, but its support for provably fair systems is limited. The platform accepts some cryptocurrencies, yet game fairness verification tools are sparse. For players who want airtight trust with transparent randomness in every game, BetMGM might feel closer to a traditional betting site than a crypto-native solution. 7. Betano: Regional Favorite With Basic Crypto Support Betano is popular in several international markets and has recently added crypto payment options. However, its game fairness model is closer to conventional platforms, with no built-in provable randomness system in place. Crypto withdrawals also vary by region, which can affect the user experience for globally active players. Last Say Choosing the right provably fair crypto gambling platform can make all the difference in how much trust and control you have over your bets. Spartans leads the pack in 2025 by offering instant, verifiable game results and rapid crypto withdrawals without red tape. Other platforms like Stake.com and Roobet offer transparency, but can’t quite match the speed or ease of access Spartans provides. Whether you’re chasing multipliers, playing blackjack, or betting live on sports, provable fairness is essential, and Spartans is setting the gold standard for it this year. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Spartans Tops the 2025 List of Provably Fair Crypto Gambling Platforms – Here Are the 6 Others appeared first on Times Tabloid .
The International Monetary Fund, United Nations, World Bank, European Commission, and Organisation for Economic Co-operation and Development worked to update the new System of National Accounts (SNA) to fully incorporate emerging technologies, digital services, and intangible assets. According to the IMF, the revised SNA will factor in digitalization, trade, government finances, and financial innovation, providing governments with better tools to guide economic growth, job creation, and crisis response. It also insisted that economies adapt to digital transformation. In its statement, the bank warned , “Measurement across the $114 trillion global economy must keep up even as the pace of change accelerates. If it doesn’t keep pace, central banks and finance ministries will end up setting monetary or fiscal policy based on incomplete, outdated, or inaccurate information.” IMF believes Bitcoin holds real economic value, necessitating the need for the SNA update Now in its sixth iteration, the SNA has served nearly nine decades as the international standard for tracking national metrics like output, income, spending, investment, financial flows, and wealth. With the latest update, the IMF hopes to better capture the impact of digitalization, which is often underreported. The international bank noted that while digital transformation has accelerated, productivity figures in many developed countries have slowed, raising questions about the adequacy of existing measurement frameworks. Additionally, the IMF argued that Bitcoin holds real economic value and consumes as much electricity as Argentina. Yet, it remains excluded from GDP calculations because it does not produce conventional goods or services. As a result, the revised standards will also extend to crypto assets, to better align with their increasing status within a new world economy. It further stated that some experts have found ways to classify particular crypto assets as “non-produced nonfinancial assets,” meaning they can be accounted for in measures of national wealth. The SNA will include recommendations to curb financial risks and instability The updated SNA also calls on nations to develop comprehensive metrics for sectors like AI, cloud computing , e-commerce, and digital platforms. It also offers a unified definition of artificial intelligence to promote consistent treatment in national economic data. Furthermore, it includes recommendations to better monitor financial risks and instability, given the rise of non-bank institutions. It also offers a more detailed view of major multinational firms’ production and profit distribution practices. According to the IMF, the information will enable national accounts to more effectively capture the output and earnings of multinational companies that outsource production but keep control of core assets like design, branding, and IP. The framework also elevates net domestic product (NDP) as a key metric alongside GDP. NDP goes a step further by deducting capital depreciation and natural resource depletion—factors overlooked in standard GDP figures. NDP generally trails GDP by 10% to 25%, with the gap growing significantly in nations that rely heavily on extractive sectors like mining. The IMF has so far offered technical assistance, expert guidance, and training programs to facilitate the transition to the revised SNA and BPM frameworks by 2029–30. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
Gemini looks smart, but can it actually trade? We put it to the test with sample trades and break down where it helps and where it doesn’t.
The value of Bitcoin has grown substantially since the BTC community asserted independence from miner domination on Aug. 1, 2017.