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A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and could derail the administration’s innovation agenda. In a July 23 letter, the Financial Technology Association, Blockchain Association, […] The post Crypto, fintech lobbies urge Trump to defend open banking amid big banks’ legal challenge appeared first on CryptoSlate.

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

Columbia says most of its suspended federal funds will be restored as part of deal; Trump administration had suspended funds in March

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 […]

The university has issued suspensions and expulsions in response to disruptive pro-Palestinian protests. 'Disruptions to academic activities violate University policies,' Columbia said, as it faces pressure from the Trump administration to tighten protest rules and curb campus dissent

US President Donald Trump has announced a “massive” trade deal with Japan, as China said it will send its vice premier to US trade talks next week to secure its own agreement ahead of a looming deadline. In an attempt to slash his country’s colossal trade deficit, the US president has vowed to hit dozens of countries with punitive “reciprocal” tariffs if they do not hammer out a pact with Washington by August 1. The Japan agreement, along with another pact with the Philippines also announced on Tuesday, means Trump has now secured five agreements since his administration promised in April “90 deals in 90 days”. The others are with Britain, Vietnam and Indonesia, which the White House said Tuesday would ease critical mineral export restrictions. Negotiations are still ongoing with much larger US trading partners China, Canada, Mexico and the European Union. Representatives from China and the United States will meet next week in the Swedish capital Stockholm to try and hammer out a deal before an August 12 dead...

Japan gaat volgens Trump „wederzijdse tarieven” van 15 procent betalen en zo’n 550 miljard dollar investeren in de Verenigde Staten.

Trump Media and Technology Group announced its acquisition of approximately $2 billion in Bitcoin and cryptocurrency-related investments, marking Donald Trump's continued involvement in crypto during his presidency. The post Bitcoin Price Prediction: Trump’s Media Company Buys $2B in BTC – Parabolic Bull Market Starting? appeared first on Cryptonews.

President Donald Trump pulled the United States out of the UN culture and education agency Unesco on Tuesday, repeating a move he had already ordered during his first term, which had been reversed under Joe Biden. The withdrawal from the Paris-based agency, which was founded after World War Two to promote peace through international cooperation in education, science, and culture, will take effect on December 31, 2026. “President Trump has decided to withdraw the United States from Unesco — which supports woke, divisive cultural and social causes that are totally out-of-step with the commonsense policies that Americans voted for in November,” White House spokeswoman Anna Kelly said. The State Department said remaining in Unesco was not in the national interest, accusing it of having “a globalist, ideological agenda for international development at odds with our America First foreign policy”. Unesco chief Audrey Azoulay said she deeply regretted Trump’s decision, but that it was “expected, and Unesco has prepar...

Trump quoted Iranian Foreign Minister Abbas Araghchi regarding the damage to Iran's nuclear sites, saying that strikes will be renewed 'if necessary'

Backed by $2.5 billion in funding, Trump’s media company has started acquiring Bitcoin as part of its previously announced investment strategy. Trump Media and Technology Group, the company that owns US President Donald Trump’s Truth Social platform, said it held about $2 billion in “Bitcoin and Bitcoin-related securities” just a few days after significant cryptocurrency bills pushed by Trump advanced in Congress. In a Monday notice, Trump Media said it had acquired Bitcoin (BTC) as part of an investment strategy announced in May, in which it allocated $1.5 billion from stock sales and $1 billion from convertible senior secured bonds to purchase the cryptocurrency. The media company said it would continue to acquire “Bitcoin and Bitcoin-related assets” depending on market conditions.  Read more

United States President Donald Trump’s lunch meeting with Chief of Army Staff (COAS) Field Marshal Syed Asim Munir prompted a private diplomatic protest from India in a warning to Washington about risks to their bilateral ties while New Delhi is recalibrating relations with China as a hedge, officials and analysts said. The meeting and other tensions in the US-India relationship, after decades of flourishing ties, have cast a shadow in trade negotiations, they said, as Trump’s administration weighs tariffs against one of its major partners in the Indo-Pacific. India blames Pakistan, especially the military establishment, for supporting what it alleges is cross-border terrorism and has told the US it is sending the wrong signals by wooing Field Marshal Munir, three senior Indian government officials directly aware of the matter told Reuters. It has created a sore spot that will hamper relations going forward, they said. Pakistan has denied accusations that it supports militants who carried out an attack in Ind...

US President Donald Trump might visit China before going to the Asia-Pacific Economic Cooperation summit between October 30 and November 1, or he could meet Chinese leader Xi Jinping on the sidelines of the APEC event in South Korea, The South China Morning Post reported on Sunday, citing multiple sources. The two countries have been trying to negotiate an end to an escalating tit-for-tat tariff war that has upended global trade and supply chains. The two sides have discussed a potential meeting between the leaders in the region this year, but they have not confirmed a date or location yet, according to a person familiar with the matter. Trump has sought to impose tariffs on US importers for virtually all foreign goods, which he says will stimulate domestic manufacturing and which critics say will make many consumer goods more expensive for Americans. He has called for a universal base tariff rate of 10 per cent on goods imported from all countries, with higher rates for imports from the most “problematic” on...

Met heffingen strooien moet je volgens Anna Rosenberg zien als een vorm van economische oorlogvoering. En Trump zal er na de zomer volop mee doorgaan, voorspelt zij.

INDIA’S opposition Congress party has demanded that Prime Minister Narendra Modi provide a clear explanation after US President Donald Trump claimed that five fighter jets were shot down during the recent military confrontation between India and Pakistan. Congress leader Rahul Gandhi led the charge on Saturday, calling on Modi to address the nation regarding the fate of the jets. “Modi ji, what is the truth about the five [jets]? The country has the right to know!” Mr Gandhi posted on X, as criticism from the opposition mounted over the government’s han­­dling of the brief but intense conflict. The controversy erupted after Trump, speaking at a White House dinner with Republican lawmakers on Friday, said, “In fact, planes were being shot out of the air. Five, five, four or five, but I think five jets were shot down actually,” referring to the hostilities between the nuclear-armed neighbours. Indian premier asked to ‘speak truth’ Trump did not specify which side’s aircraft were downed, nor did he provide furth...

Stellar may be setting up more upside after XRP's recent price surge, US President Donald Trump signed one of the first bills related to crypto, and other news. US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino and Robinhood CEO Vladimir Tenev. Read more

United States President Donald Trump said on Friday that five jets were shot down during the recent India-Pakistan conflict that began after a deadly attack in India-occupied Kashmir’s Pahalgam, with the situation calming after a ceasefire in May. Trump, who made his remarks at a dinner with some Republican US lawmakers at the White House, did not specify which side’s jets he was referring to. Pakistan had said it downed six Indian planes after the latter carried out deadly attacks in Punjab and Azad Kashmir, while New Delhi had claimed it had downed “a few planes”. “Something I’m very proud of [is that] we stopped a lot of wars. A lot of wars. And these were serious, serious wars; would have been going on,” Trump said. “You had India-Pakistan that was going, and in fact, planes were being shot out of the air. Five, five, four or five, but I think five jets were shot down actually,” Trump said while talking about the India-Pakistan hostilities, without elaborating or providing further detail. “It was getting ...

United States President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at least $10 billion on Friday over the publication of a bombshell article on his friendship with the infamous alleged sex trafficker of underage girls, Jeffrey Epstein. The defamation lawsuit, filed in federal court in Miami, saw the 79-year-old Republican hitting back at a scandal threatening to cause serious political damage. “We have just filed a powerhouse lawsuit against everyone involved in publishing the false, malicious, defamatory, fake news ‘article’ in the useless ‘rag’ that is The Wall Street Journal,” Trump posted on Truth Social late on Friday. The Journal reported on Thursday that in 2003, the then-real estate magnate wrote a suggestive birthday letter to Epstein, illustrated with a naked woman and alluding to a shared “secret”. The lawsuit, which also names two reporters, the Dow Jones corporation and Murdoch’s parent company News Corp as defendants, claims that no such letter exists and tha...

Trump klaagt onder meer de krant en twee verslaggevers aan wegens laster, omdat het artikel volgens hem verzonnen is. De president stelt dat de gedaagden hem schade hebben berokkend.

The Senate Agriculture Committee will consider President Donald Trump’s nominee for chair of the Commodity Futures Trading Commission, Brian Quintenz, as lawmakers weigh a broader shift in crypto regulation that could dramatically expand the agency’s role. The committee is scheduled to review Quintenz’s nomination during a July 21 hearing, ahead of a full Senate vote […] The post Lawmakers to review Trump’s CFTC chair nominee ahead of full Senate vote appeared first on CryptoSlate.