Travis Hill has served as acting FDIC chair since Donald Trump took office on Jan. 20, later issuing guidance on crypto-related activities and criticizing allegations of debanking. US President Donald Trump sent the nomination of acting chair of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, to the Senate for consideration to assume the government role for a five-year term. According to congressional records, Trump’s nomination of Hill as FDIC chair was sent to the Senate Banking Committee on Tuesday. Before assuming his role at the FDIC, Hill issued a statement that the department should offer additional guidance on digital assets and tokenization and spoke out against allegations of US authorities debanking companies due to their ties to crypto. He followed with a letter aimed at financial institutions in March, clarifying that banks could engage with digital assets as a ”permissible activity.” Read more
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu on Monday unveiled a 20-point plan for Gaza. Subsequently, eight Arab or Muslim-majority nations — Jordan, United Arab Emirates, Indonesia, Pakistan, Türkiye, Saudi Arabia, Qatar, and Egypt — “welcomed the role of the American president and his sincere efforts aimed at ending the war in Gaza”. In Pakistan, the government’s so-called approval of the plan had drawn flak from politicians, journalists and activists alike, who termed the deal a “two-state surrender’’ with the scales weighing heavily in Israel’s favour. Subsequently, signs began appearing that not everyone was happy with the draft made public by the White House. On Tuesday, Foreign Minister Ishaq Dar seemingly distanced Pakistani decision-makers from the plan. He also made it clear in so many words that the US peace plan for Gaza would not be acceptable if the amendments — jointly proposed by eight Muslim countries — were not included. This came after Trump had previously...
Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap. Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month. On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, announced a joint $6.4 billion Cronos (CRO) treasury. The announcement sparked an immediate 40% rally in CRO’s price. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, according to CoinGecko data. Read more
Prime Minister Shehbaz Sharif and US President Donald Trump discussed regional security and cooperation along the lines of counter-terrorism, among other matters, as the two met for the first time at the Oval Office in Washington in the early hours of Friday morning, according to a press release from the PM Office. The premier was accompanied by the Chief of Army Staff (COAS) Field Marshal Asim Munir, while the US President was joined by US Vice President JD Vance and Secretary of State Marco Rubio, as per an earlier statement from the PM office. PM Shehbaz thanked Trump for “his public endorsement of Pakistan’s role in counterterrorism and stressed the need to further enhance cooperation in security and intelligence,” as the two discussed matters of regional security. The premier described Trump as a “man of peace”, lauding his “sincere” efforts in ending conflicts around the world. PM Shehbaz branded Trump’s style of leadership “bold, courageous and decisive,” and thanked the US president for his role in me...
US President Donald Trump hosted Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) Field Marshal Asim Munir at the Oval Office in Washington, DC during the early hours of Friday morning. US Vice President JD Vance and Secretary of State Marco Rubio were also present, a statement issued by the Prime Minister’s Office (PMO) after the meeting said. It added that the meeting was held in a pleasant atmosphere. Photos released after the meeting showed both PM Shehbaz and Field Marshal Munir exchanging views with Trump. Trump was also all smiles as he flashed his signature thumbs up sign during a group photo. The meeting, which was closed to the press, was originally slated to begin at 4:30pm Washington time (1:30am PST) but was delayed by approximately 30 minutes as the US president spoke to reporters after signing executive orders. The meeting itself lasted approximately one hour and 20 minutes. Photos from the White House press pool before it began showed PM Shehbaz and Field Marshal Munir waiting pati...