Republican Senator Bill Hagerty from Tennessee is working to promote legislation supporting Bitcoin to promote freedom and opportunity.

Bank of America strategists have recently stated that the US government's debt increases by $1 trillion every 100 days, which helps explain why assets such as gold and bitcoin are approaching historic highs. Strategists led by Michael Hartnett said that the pace of debt expansion is accelerating. They estimate that it will only take 95 days for the debt to rise from $34 trillion to $35 trillion. Bank of America said that for the market, the consequence is that trading related to "bond depreciation" has proven attractive as gold and bitcoin have recently risen.

Bank of America strategists have stated that the US government's debt increases by $1 trillion every 100 days, which helps explain why assets such as gold and Bitcoin are approaching historical highs. Strategists led by Michael Hartnett stated in a report on Friday that the pace of debt expansion is also accelerating. They estimate that it will only take 95 days for the debt to rise from $34 trillion to $35 trillion. Bank of America said that the consequence for the market is that trading related to "bond depreciation" has proven attractive as gold and Bitcoin have recently risen. The report stated that the reasons for the debt increase include economic stimulus used to combat the pandemic and economic recession, as well as funding for overseas wars, with the budget deficit over the past four years equivalent to 9.3% of GDP.

The US Department of Energy has temporarily suspended its emergency survey of Bitcoin mining operators' energy usage. The Energy Information Administration (EIA) will halt its mandatory survey for over a month and keep the data that had already been secured from stakeholders in the Bitcoin mining industry earlier this February. Riot Platforms and the Texas Blockchain Council had previously sued the administration of President Joe Biden, planning to boycott the survey citing that it could cause potential harm to businesses by compelling them to release confidential and sensitive information. The plaintiffs requested a permanent injunction from the court which mandates that EIA first complies with the law before going ahead to request the data.

Republican Congressman Tom Emmer from Minnesota stated that allowing an independent agency to begin collecting energy usage information from Bitcoin miners is an abuse of emergency powers by the Office of Management and Budget. Emmer's letter was sent out as the Texas Blockchain Committee and Bitcoin mining company Riot Platforms, Inc. sued the US Department of Energy and declared bankruptcy this week.

On September 22nd, Banxa, a cryptocurrency payment operator, announced that it has obtained money transmitter licenses (MTL) in Tennessee, Virginia, Florida, and Puerto Rico. Currently, Banxa holds 32 MTLs in the United States and is expected to obtain 7 more by 2023. Banxa claims to be able to provide services to 42 states/regions in the United States and is expected to serve 49 states/regions by the end of 2023.

For the second year in a row, Hong Kong has been named the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, according to a study that factors in the existence and reach of crypto through ATMs, businesses, accessibility, and legality.

The creators of the blockchain game Shrapnel will be restricting certain features for players in the United States to avoid potential issues with the country's securities regulator. While players from Europe and Asia will have unrestricted access, US players will not be able to cash out their winnings.

The United States Drug Enforcement Administration (DEA) lost $55,000 in seized Tether earlier this year due to a scammer's "address poisoning" tactic. The DEA had seized over $500,000 worth of USDT from two Binance accounts suspected of laundering drug money.

Crypto asset manager Grayscale has predicted that the next President of the United States will be supportive of the development and implementation of a central bank digital currency (CBDC). In a blog post, Grayscale noted that leading candidates from both political parties, including Joe Biden and Donald Trump, have expressed their favorable stance towards CBDCs. However, while they seem to agree on CBDCs, both candidates have shown less enthusiasm for Bitcoin.