The Senate Agriculture Committee will hear from prospective CFTC chair Brian Quintenz, who could be the sole commissioner at the US regulator by the end of 2025. Brian Quintenz, US President Donald Trump’s pick to chair the US Commodity Futures Trading Commission (CFTC), is scheduled to appear before lawmakers as his nomination moves forward in the Senate. His role could expand significantly if current legislation shifting crypto oversight to the agency becomes law. The Senate Agriculture Committee will hold a meeting to consider Quintenz’s nomination before a potential floor vote on Monday. The meeting will follow a hearing held by the committee in June, marking the first step in his nomination since Trump announced it in February. The committee meeting will come as the Senate is expected to consider the Digital Asset Market Clarity (CLARITY) Act following passage in the House of Representatives on Thursday. Read more
US President Donald Trump reportedly pressured Republicans who voted against a procedural vote to consider three crypto bills on Tuesday, but his memecoin could complicate the debate. The imminent unlocking of a Trump-themed memecoin could add new layers to the ongoing debate over US legislation during “Crypto Week,” as Republicans rally behind three digital asset bills this week. According to multiple sources, 90 million Official Trump (TRUMP) tokens worth more than $900 million are set to be unlocked this week, allowing holders to sell the memecoin launched in January ahead of Trump's second-term inauguration. The unlock boosts the memecoin’s circulating supply by 45% and marks one of the most significant increases since 200 million tokens were available at launch on Jan. 17. Read more
US President Donald Trump said Tuesday that Ukraine should not target Moscow, after the Kremlin charged that a new US plan to supply weapons to Kyiv along with sanctions threats against Russia would delay peace efforts.US President Donald Trump said Tuesday that Ukraine should not target Moscow, after the Kremlin charged that a new US […]
President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and said more deals were in the works as he continued to press for what he views as better terms with trading partners and a path to reducing a […]
President Vladimir Putin intends to keep fighting in Ukraine until the West engages on his terms for peace, unfazed by Donald Trump’s threats of tougher sanctions, and his territorial demands may widen as Russian forces advance, three sources close to the Kremlin said. Putin, who ordered Russian troops into Ukraine in February 2022 after eight years of fighting in the country’s east between Russian-backed separatists and Ukrainian troops, believes Russia’s economy and its military are strong enough to weather any additional Western measures, the sources said. Trump on Monday expressed frustration with Putin’s refusal to agree to a ceasefire and announced a wave of weapons supplies to Ukraine, including Patriot surface-to-air missile systems. He also threatened further sanctions on Russia unless a peace deal was reached within 50 days. The three Russian sources, familiar with top-level Kremlin thinking, said Putin will not stop the war under pressure from the West and believes Russia — which has survived the t...
Republicans are still planning to pass three pieces of crypto-related legislation, but a majority of members in the House voted against a resolution to consider the bills. Cryptocurrency-related bills backed by US President Donald Trump failed to clear a key procedural step in the House of Representatives on Tuesday, despite the president’s public push for action. Trump had urged Republican lawmakers to “get the first vote done this afternoon” on legislation to regulate payment stablecoins as part of a larger effort to pass crypto legislation before the August recess. In a Tuesday post on his social media platform Truth Social, Trump ordered all Republicans to vote yes on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, a bill designed to regulate payment stablecoins in the US. Read more
U.S. President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal, a major policy shift brought on by frustration with Moscow’s ongoing attacks on its neighbor. But Trump’s threat of sanctions came with a 50-day grace period, a move that was […]