US President Donald Trump said on Saturday that the leaders of Cambodia and Thailand had agreed to meet immediately to quickly work out a ceasefire, as he sought to broker peace after three days of fighting along their border left at least 33 people dead. In a series of social media posts during a visit to Scotland, Trump said he had spoken to Cambodian Prime Minister Hun Manet and Thailand’s acting prime minister, Phumtham Wechayachai, warning them that he would not make trade deals with either of their governments if the border conflict continued. Following calls for restraint on both sides from Trump’s senior aides, he became directly involved on Saturday, speaking to each leader and saying he relayed messages back and forth. “Just spoke to the prime minister of Cambodia relative to stopping the war with Thailand,” Trump said in a post on his Truth Social network. “I have just spoken to the acting prime minister of Thailand, and it was a very good conversation,” he said soon after in a new post. “Thailand,...
Crypto and fintech groups are urging Trump to defend open banking rules, warning the case could affect access to wallets, DeFi apps, and stablecoins. A coalition of trade groups representing the crypto, fintech, retail, and restaurant industries is urging President Donald Trump to defend open banking rules under a so-called legal attack by the nation’s largest banks. In a letter sent July 23, organizations including the Blockchain Association, Crypto Council for Innovation, and the Financial Technology Association claim that the US’s most powerful banks are undermining innovation by suing to block the implementation of new open banking rules and imposing “stunning” new data fees on fintech and crypto apps. On July 11, Bloomberg reported that JPMorgan plans to start charging fintech firms fees for access to their customers’ bank account data. According to pricing sheets sent to customers, the fees vary based on how the information is used, with higher charges applied to payments companies. Read more
U.S. President Donald Trump accused former President Barack Obama of “treason” on Tuesday, accusing him, without providing evidence, of leading an effort to falsely tie him to Russia and undermine his 2016 presidential campaign. A spokesperson for Obama denounced Trump’s claims, saying “these bizarre allegations are ridiculous and a weak attempt at distraction.” While Trump has frequently […]