The US Senate is expected to take up another vote on the GENIUS Act within days, but it's unclear whether the bill's supporters will address concerns from Democrats. Coinbase chief legal officer Paul Grewal addressed some of the concerns raised by US lawmakers and industry leaders around President Donald Trump’s crypto ventures, and how they may affect related legislation. Speaking at the Consensus conference in Toronto on May 15, Grewal said there had been “hiccups” in Congress since the Senate Banking Committee voted to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in March. Though Grewal said there were disputes over “substantial issues that need to be addressed” in the bill, he hinted that Trump’s involvement in the industry was a “complicating factor.” “The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned on the right way to r...
NEW DELHI: BJP Member of Parliament and Bollywood actress Kangana Ranaut got herself involved in controversy after she posted a tweet doing a comparison between Indian Prime Minister Narendra Modi and US President Donald Trump. The erased post mentioned that Trump was jealous of the Indian Prime Minister’s global popularity, calling Modi the “father of […]
United States President Donald Trump met with Syria’s president in Saudi Arabia on Wednesday, after a surprise US announcement it would lift all sanctions on the Islamist-led government, and said Washington was exploring the possibility of normalising ties with Damascus. He made the comments during a summit between the US and Gulf Arab countries. Trump met Syria’s Ahmed al-Sharaa before the summit. Photos posted on Saudi state television showed them shaking hands in the presence of Saudi Arabia’s crown prince. Trump also urged Sharaa to normalise ties with Israel, a White House spokesperson said. Despite concerns within sectors of his administration over Syria’s leaders’ former ties to Al Qaeda, Trump said on Tuesday during a speech in Riyadh he would lift sanctions on Syria in a major policy shift. Turkish President Tayyip Erdogan joined Trump and Saudi Crown Prince Mohammed bin Salman, also known as MbS, virtually in the meeting, Anadolu News Agency reported. MbS told the summit Saudi Arabia commends Trumps...
Saudi Arabia on Tuesday promised billions of dollars in deals with the United States, from defence to artificial intelligence, as it threw a lavish welcome for President Donald Trump on the first state visit of his second term. The Saudis escorted Air Force One into the kingdom with fighter jets before bringing out long-stretching guards of honour and sending flag-waving cavalry to accompany Trump’s motorcade to the palace. Under imposing chandeliers, Trump welcomed a promise by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, for $600 billion in investment and quipped that it should be $1 trillion. “We have the biggest business leaders in the world here today, and they’re going to walk away with a lot of cheques,” Trump told the prince. For “the United States, it’s probably two million jobs that we’re talking about”, Trump said. The White House said that Saudi Arabia would buy nearly $142bn in weapons in what it described as the largest-ever weapons deal, although Trump in his first term trum...
The $300 million raise is part of the GD Culture Group’s ambition of “embracing blockchain-driven industrial transformation.” GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve. In a May 12 statement, GDC and its subsidiary, AI Catalysis, announced entering into a common stock purchase agreement with a British Virgin Islands limited liability company to sell up to $300 million of its common stock. The proceeds from the stock sale will be used to fund the firm’s crypto treasury, which will include purchases of Bitcoin (BTC) and the Official Trump (TRUMP) token. Read more