Federal Reserve Chair Jerome Powell says his refusal to drop interest rates led to Donald Trump opening a criminal investigation over renovations to the central bank’s headquarters. Federal Reserve chair Jerome Powell has blasted the Trump administration over a new criminal probe, arguing it’s the latest attempt to destroy the central bank’s independence on interest…
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New York Assemblyman Clyde Vanel has reintroduced legislation to the US state’s lower house that aims to restrict what event contracts prediction markets such as Kalshi and Polymarket can offer. Vanel resubmitted the Oversight and Regulation of Activity for Contracts Linked to Events, or ORACLE Act, to the New York State Assembly on Wednesday, which…
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US President Donald Trump told Republicans on Tuesday he could be impeached if the party loses the US midterm elections this year. “You got to win the midterms, because if we don’t win the midterms, it’s just going to be — I mean — they’ll find a reason to impeach me,” Trump said in a…
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Large crypto holders have been depositing their tokens on crypto exchange Binance — one of the largest crypto exchanges in the world — in seeming preparation to sell, but analysts warn that buyers aren’t ready to take the trades yet. So-called crypto whales deposited $2.4 billion near-evenly split between Bitcoin (BTC) and Ether (ETH) to…
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Bitcoin developers working on the software that powers most nodes backing the blockchain had a busy year in 2025, with more developers pushing out more code, according to Bitcoiner Jameson Lopp. Lopp, the co-founder of the crypto management platform Casa, said on Sunday that 135 different people had contributed code to Bitcoin Core last year,…
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Crypto industry executives have urged the US Securities and Exchange Commission to shift its thinking on blockchain privacy tools, pitching that there are legitimate applications for them outside of criminal use. The SEC hosted crypto and finance executives for a discussion and panel on financial surveillance and privacy on Monday, the agency’s sixth crypto-focused roundtable…
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A group of crypto organizations has pushed back on Citadel Securities’ request that the Securities and Exchange Commission tighten regulations on decentralized finance when it comes to tokenized stocks. Andreessen Horowitz, the Uniswap Foundation, along with crypto lobby groups the DeFi Education Fund and The Digital Chamber, among others, said they wanted “to correct several…
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A group of Republicans has called foul after the US House passed a massive defense spending bill on Wednesday that omitted a ban on central bank digital currencies despite promises it would be included. “Conservatives were promised — explicitly — that strong anti-Central Bank Digital Currency (CBDC) language would be included in the National Defense…
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The nine largest US banks restricted financial services to politically contentious industries, including cryptocurrency, between 2020 and 2023, according to the preliminary findings of the Office of the Comptroller of the Currency (OCC). The banking regulator said on Wednesday that its early findings show that major banks “made inappropriate distinctions among customers in the provision…
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A US judge has granted prediction markets platform Kalshi a temporary reprieve from enforcement after the state of Connecticut sent it a cease and desist order last week for allegedly conducting unlicensed gambling. The Connecticut Department of Consumer Protection (DCP) sent Kalshi, along with Robinhood and Crypto.com, cease and desist orders on Dec. 2, accusing…
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