United States President Donald Trump on Thursday called his telephone conversation with Chinese counterpart Xi Jinping a “very good phone call” and stated that the countries’ respective teams “will be meeting shortly”. Earlier, China’s state-run news agency Xinhua reported that the call took place at Trump’s request, as bilateral relations have been strained by trade disputes. In a post on social media platform Truth Social, Trump wrote that the one and a half hour call discussed the “intricacies of the trade deal” and that it “resulted in a very positive conclusion for both countries”. “There should no longer be any questions respecting the complexity of rare earth products. Our respective teams will be meeting shortly at a location to be determined,” the president wrote, adding that the US will be represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer. The post added that Xi “graciously invited” both Trump and First Lady Melania to visit...
Donald Trump’s crypto agenda claims to champion financial freedom, but in reality, it consolidates power among political elites and wealthy investors, sidelining everyday users. Opinion by: Elias Vilochkin, chief product officer of ChangeNOW Bitcoin optimism is naturally running high. US President Donald Trump’s trade agreement with the UK has provided a jolt of confidence in global markets, and Bitcoin (BTC), as the ultimate borderless asset, is reaping the benefits. Unfolding behind the Trump administration’s aggressive push to deregulate the crypto industry, however, is a consolidation of power that favors the few while ignoring the many. Read more
Members in two House committee hearings debated a framework for digital assets while raising concerns about the US president using his position to profit from the industry. Leadership on the US House Financial Services Committee (HFSC) seemed like they were not going to reach common ground on how to regulate digital assets amid President Donald Trump’s potential conflicts of interest with the industry. In a June 4 hearing, committee ranking member Maxine Waters reiterated concerns that, without clarification within the bill, Trump could use the Digital Asset Market Clarity (CLARITY) Act to further “cash in” on crypto. The California representative cited examples of the president hosting a dinner for his top memecoin holders, who reportedly paid roughly $148 million for the opportunity to attend, and suggested that Trump could use the market structure to “put [Americans’] money in his digital wallet.” Read more
Pakistan’s crypto minister met with Trump’s digital asset leadership to promote cross-border cooperation and outline Bitcoin-powered infrastructure plans. Pakistan’s minister of state for crypto and blockchain, Bilal Bin Saqib, met with Robert “Bo” Hines, executive director of US President Donald Trump’s Council on Digital Assets, during a visit to the White House. The meeting focused on boosting cooperation between Pakistan and the United States in the digital assets space. Discussions covered a broad range of topics, including Bitcoin (BTC), potential partnerships and the future of decentralized finance, according to a report by 24NewsHD TV. One key area of dialogue was Pakistan’s newly announced Strategic Bitcoin Reserve. “It is my mission to position Pakistan as a global leader in digital assets,” Saqib said after the meeting. Read more