In a landmark move, the US Senate has advanced the GENIUS Act, a bill aimed at creating a federal regulatory framework for stablecoins — a class of cryptocurrencies pegged to traditional assets like the US dollar. The measure passed a procedural vote 66–32 on Monday, overcoming weeks of political gridlock and signaling a major shift
VILNIUS, Lithuania, May 21, 2025 (GLOBE NEWSWIRE) — Deus X Pay, a licensed institutional stablecoin payment solution setting new standards across the luxury sectors, is now enabling crypto payments for property purchases at the new Trump Tower Dubai, the first Trump International Hotel to be built in the Middle East. The new $1 billion Trump
Bram Berkowitz | The Motley Fool White House claims ‘Big Beautiful Bill’ won’t raise deficit White House Press Secretary Karoline Leavitt said the ‘Big Beautiful Bill’ won’t raise the deficit, but nonpartisan analysts say otherwise. The U.S. House of Representatives has unveiled a legislative package dubbed “One Big, Beautiful bill,” a phrase President Donald Trump
Jamie Dimon isn’t a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase, nonetheless. “We are going to allow you to buy it. We’re not going to custody it. We’re going to put it in statements for clients,” Dimon said Monday at the bank’s annual presentation for investors. “I
JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg JPMorgan Chase JPM.NCEO Jamie Dimon said the bank’s succession plans were unchanged, without giving a timeline for when his successor might
The US government is reportedly gearing up to announce a rollback in banking regulations that will provide financial institutions with looser capital requirements. President Trump’s administration is preparing to announce a reduction in the supplementary leverage ratio (SLR) for US banks’ capital reserves, the Financial Times (FT) reports, citing unnamed people familiar with the matter.
President Donald Trump arrives with Saudi Crown Prince Mohammed bin Salman for the group photo with Gulf Cooperation Council leaders during the GCC Summit in Riyadh, Saudi Arabia, Wednesday, May 14, 2025. (AP) RIYADH, May 14: President Donald Trump commenced his Gulf tour with a landmark announcement: the United States will lift all sanctions on
David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded bitcoin (BTC) investing company, The Information reported, citing people familiar with the matter. Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and
The impact and history of autos in Detroit, The Motor City Here are some facts about Detroit’s auto industry. Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for vehicles under 14,000 pounds purchased
If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t