Andrew Ackerman | Washington Post Lawmakers are taking their first step toward putting up guardrails for cryptocurrencies. But as legislation goes, it’s a relatively modest step – and some former regulators warn that the guardrails have big gaps. The framework, which a House committee will take up on Wednesday, would only apply to stablecoins, a
Bitcoin and crypto prices are braced for a shake-up as traders hold their breath ahead of U.S. president Donald Trump’s “Liberation Day” of global trade tariffs—that’s putting Trump on a collision course with the Federal Reserve. The bitcoin price is trading around $85,000 per bitcoin, down from a Trump inauguration peak of almost $110,000 per
The Department of Health and Human Services (HHS) cut a little-known bureau in its ranks that was trying to recoup more than $1 billion in improper payments dispersed to providers during the COVID-19 pandemic. The Trump administration announced the dismantling of the HHS on March 27. HHS Secretary Robert F. Kennedy Jr. told the public
RFK Jr. to cut 10,000 jobs at US health department The U.S. Department of Health and Human Services announced that it will cut about 10,000 full-time jobs and close half of its regional offices. Reuters Pennsylvania joined a multistate lawsuit against the Trump administration for cutting billions in state health funding. Pennsylvania state officials say
With Donald Trump’s open support for Russia and his turning away from Europe and NATO, the question of the credibility of the American nuclear promise has taken center stage. Unlike during Trump’s first term in office, however, this time Europe has recognized the dramatic nature of the situation and developed ideas to strengthen the British
Shares of Coinbase Global and other firms linked to cryptocurrencies were hammered this quarter, as growing concerns about the US economy weighed on digital assets. Coinbase fell 31 per cent in the worst quarterly performance since FTX collapsed near the end of 2022. Nearly every major crypto-linked stock plunged alongside it, from conglomerate Galaxy Digital
Want to comment on this story? Become a subscriber today. Click here. More than two dozen Michigan school districts face the loss of nearly $42 million in reimbursement for federal pandemic relief funds after the U.S. Education Secretary Linda McMahon rescinded a previously set deadline. Michigan education officials said agencies across the country, including the
FRAMINGHAM — “Canceled.” That’s the dreaded word Jean McMurray, executive director of the Worcester County Food Bank in Shrewsbury, saw next to her most recent online order she had made. Last week, the U.S. Department of Agriculture (USDA) Northeast Regional Office confirmed to the state’s Department of Elementary and Secondary Education (DESE) that Massachusetts’ $3.4
Michaela Galligan | Staff Writer On Thursday, March 20, President Donald Trump signed an executive order to dismantle the U.S. Department of Education, following through on his long-standing opposition to the agency. Trump has targeted the department since his campaign citing concerns over bureaucracy and liberal influence. Before the order, his administration had already downsized
A state-backed bank in France is reportedly launching a multimillion-dollar initiative to invest in crypto projects. According to a new report from Bloomberg, French government-owned bank Bpifrance – which has nearly $110 billion in assets under its management – is rolling out a $27 million crypto venture fund to invest in digital asset startups. Not