With the US government shutdown expected to end this week, the Senate Agriculture Committee scheduled a hearing to consider President Donald Trump’s pick to head the CFTC. Michael Selig, currently serving as chief counsel for the crypto task force at the US Securities and Exchange Commission, will face questioning from senators next week in a hearing to consider his nomination as the chair of the Commodity Futures Trading Commission. On Tuesday, the US Senate Agriculture Committee updated its calendar to include Selig’s nomination hearing on Nov. 19. The notice came about two weeks after the SEC official confirmed on social media that he was US President Donald Trump’s next pick to chair the agency following the removal of Brian Quintenz. Hearings for Quintenz, whom Trump nominated in February, were put on hold in July amid reports that Gemini co-founders Cameron and Tyler Winklevoss were pushing another candidate. Quintenz later released private texts between him and the Winklevoss twins, signaling that the ...
Investors saw the announcement as a positive catalyst for crypto markets, but the proposed stimulus hinges on a Supreme Court ruling. United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from the tariff revenue and criticized the opposition to his sweeping tariff policies. “A dividend of at least $2000 a person, not including high-income people, will be paid to everyone,” Trump said on Truth Social. The US Supreme Court is currently hearing arguments about the legality of the tariffs, with the overwhelming majority of prediction market traders betting against a court approval. Kalshi traders place the odds of the Supreme Court approving the policy at just 23%, while Polymarket traders have the odds at 21%. Trump asked: Read more
United States President Donald Trump has been talking up the prospects of Saudi Arabia agreeing to normalise ties with Israel, but it is unlikely to happen when Saudi Crown Prince Mohammed bin Salman visits the White House this month. The establishment of diplomatic relations between Israel and Saudi Arabia after decades of enmity could shake up the political and security landscape in the Middle East, potentially strengthening US influence in the region. Trump said last month he hoped Saudi Arabia would “very soon” join other Muslim countries that signed the 2020 Abraham Accords normalising ties with Israel. But Riyadh has signalled to Washington through diplomatic channels that its position has not changed: it will sign up only if there is agreement on a roadmap to Palestinian statehood, two Gulf sources told Reuters. Saudi Crown Prince Mohammed Bin Salman speaks with US President Donald Trump on the day of the Saudi-US Investment Forum, in Riyadh, Saudi Arabia on May 13. — Reuters/File The intention is to a...
Binance co-founder CZ pushed back against allegations that his pardon was motivated by close ties or business deals with the Trump family. Binance co-founder CZ said he was somewhat surprised at receiving a pardon from United States President Donald Trump and denied having a business relationship with the Trump family during an interview on Friday. CZ told Fox News that he never physically met or spoke with Trump before or after receiving a presidential pardon in October, and only met with Trump’s son Eric once at the Bitcoin Middle East and North Africa conference in Abu Dhabi, United Arab Emirates. “There is no business relationship between me, Binance, and World Liberty Finance,” CZ said. He added that he was unaware of the status of his pardon during the process: The pardon drew mixed reactions, with the crypto community celebrating it as a win for the industry and a reversal of the anti-crypto policies of the Biden administration, while Democratic lawmakers were critical of the pardon, accusing Trump of ...
Binance co-founder CZ pushed back against allegations that his pardon was motivated by close ties or business deals with the Trump family. Binance co-founder CZ said he was somewhat surprised at receiving a pardon from United States President Donald Trump and denied having a business relationship with the Trump family during an interview on Friday. CZ told Fox News that he never physically met or spoke with Trump before or after receiving a presidential pardon in October, and only met with Trump’s son Eric once at the Bitcoin Middle East and North Africa conference in Abu Dhabi, United Arab Emirates. “There is no business relationship between me, Binance, and World Liberty Finance,” CZ said. He added that he was unaware of the status of his pardon during the process: The pardon drew mixed reactions, with the crypto community celebrating it as a win for the industry and a reversal of the anti-crypto policies of the Biden administration, while Democratic lawmakers were critical of the pardon, accusing Trump of ...