August 5, 2025

policy

Crypto

Crypto’s Wild West Era Is Over

For more than a decade, cryptocurrency lived in a regulatory gray zone. Loved by libertarians, feared by bankers, and mocked by lawmakers, it was treated like a side project of the internet, too weird to regulate and too volatile to embrace. That era just ended. The U.S. House of Representatives has officially passed the GENIUS

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Crypto

The crypto industry got what it paid for

The crypto industry is beginning to see a return on one of its most prescient investments: Donald Trump. On Thursday, the House of Representatives passed three bills that industry supporters believe will bring more legitimacy and predictability to the digital currency space — and that critics warn could enrich the president’s own family and hand

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Crypto

Even crypto execs fall for crypto scams

It’s not every day you hear of cryptocurrency executives falling for crypto scams, but here we are. A complaint filed by the Department of Justice appears to reveal that a pair of MoonPay executives lost $250,000 worth of Ethereum when donating to what they thought was President Donald Trump’s inauguration, as first reported by NOTUS.

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Loans

The One Big Beautiful Bill is about to make student loans worse

University tuition in the United States is notoriously expensive — so much so that Americans currently have over $1.6 trillion in student loan debt. But now, the routine process of taking out student loans has been overhauled as a result of the One Big Beautiful Bill, which President Donald Trump signed into law last week.

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Funds

After vetoes, Gov. DeSantis signs $115B state budget in Florida

One day before the start of the fiscal year, Gov. Ron DeSantis signed a roughly $115 billion budget into law, after vetoing nearly $600 million in spending. The spending plan is about $3 billion less than the current year, and comes after a protracted negotiation between the House and Senate over tax cuts that delayed

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Banking

UK Treasury mulls clipping wings of banking ombudsman – POLITICO

The FOS is an independent body with responsibility for deciding on complaints against firms that provide financial products and services. The highest amount the ombudsman can award went up this year to £445,000, a substantial increase from the £150,000 limit before April 2019. The FOS received 141,846 new complaints between July 1 and Dec. 31,

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Crypto

Senate passes GENIUS stablecoin bill in a win for the crypto industry

In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar. Its passage had

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Mortgage

Mortgage rates likely to stay high through summer analysts say

See the most expensive homes sold in the Des Moines metro in 2024 A look at the most expensive homes sold in Polk, Dallas, and Warren counties. Home mortgage interest rates are unlikely to drop anytime soon, despite comments by the Chicago Federal Reserve CEO during a recent Des Moines visit that rates could drop

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Funds

States snag $9 billion in Medicaid funds as GOP weighs new limits

Bob Herman covers health insurance, government programs, hospitals, physicians, and other providers — reporting on how money influences those businesses and shapes what we all pay for care. He is also the author of the Health Care Inc. newsletter. You can reach Bob on Signal at bobjherman.09. Hospitals, physician groups, and nursing homes across 15

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Funds

Primary care; RIPTA; ‘Taylor Swift tax’

House Speaker Shekarchi describes priorities in new $14.3B RI budget House Speaker K. Joseph Shekarchi describes the priorities in new $14.3B state budget Rhode Island House Democrats proposed a $14.3 billion budget that increases health care funding without raising income taxes on the wealthy. The budget includes a tax on second homes valued over $1

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