Assorted Cryptocurrency emblems Image by Canva Treasury Secretary Scott Bessent declared an end to the “four-year siege” on cryptocurrency, unveiling a sweeping federal report that charts America’s path to becoming the world’s crypto capital. Speaking at the White House, Bessent announced over 100 regulatory and legislative recommendations aimed at reversing what he called the previous
President Trump told reporters that India may be hit with a tariff rate of 20% to 25% and cautioned that the final levy still hadn’t been decided. This news comes days before Trump’s Aug. 1 deadline, when nations who have not yet reached a deal will face higher tariffs. “I think so,” Trump told reporters
WASHINGTON (AP) — The House is voting on a trio of bills Thursday intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U.S. the “ crypto capital of the world.” One of the bills, which would regulate a type of cryptocurrency called stablecoins,
On Friday afternoon, President Trump touted tariff revenue and an influx of domestic manufacturing but offered few details on the state of tariff negotiations ahead of the July 9 deadline, when the tariff pause expires. The president acknowledged that the administration won’t be able to reach deals with 200-plus countries over the next week and
Bitcoin has rocketed higher over the last month, helped by fears stoked by Tesla billionaire Elon Musk that the U.S. dollar could be teetering on the verge of collapse. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for
WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All
Scott Bessent, the US treasury secretary, and Howard Lutnick, the commerce secretary, with Donald Trump at the White House – Elizabeth Frantz/Reuters Donald Trump’s finance chief has rejected fears of a US recession despite the president’s trade war sparking a $6 trillion (£4.7 trillion) stock market collapse. Scott Bessent, the treasury secretary, said on Sunday