All articles tagged with #politics and finance
Originally Published 6 months ago — by AMBCrypto
Elon Musk's launch of the America Party and his criticism of Trump's tax bill have reignited tensions between the two, leading to a public feud and a rally in crypto markets, with Bitcoin and Dogecoin seeing gains amid political turmoil.
Originally Published 7 months ago — by The Spectator World
The article discusses Donald Trump's recent involvement in the crypto industry, notably launching his memecoin $TRUMP which initially surged to a valuation of over $75 billion but has since declined significantly. It highlights concerns about conflicts of interest, ethical issues surrounding events like a gala dinner for $TRUMP holders, and the broader influence of crypto money in politics, including substantial donations to election campaigns. The piece warns about the risks of industry insiders shaping regulations and the ongoing integration of crypto into political and financial spheres.
Originally Published 1 year ago — by Bitcoinist
The Biden administration is collaborating with Congress to create a balanced regulatory framework for cryptocurrencies, opposing H.R. 4763 and seeking to overturn SEC's SAB-121 rule. Meanwhile, the Trump campaign is accepting crypto donations, marking a significant political endorsement of digital assets. This bipartisan focus on crypto regulation and innovation is set to influence the upcoming elections and the future of blockchain technology in the financial sector.
Originally Published 1 year ago — by The Connecticut Mirror
Gov. Ned Lamont proposes a $26.1 billion budget for Connecticut, focusing on erasing $500 million in bonded debt, investing in child care and education, and maintaining fiscal stability. The plan increases base aid for public colleges and universities but reduces overall support, bolsters K-12 education, and creates new posts to monitor health care quality and finances. It also aims to secure disputed tax dollars from Connecticut residents working remotely for businesses in New York. The budget includes a plan to reduce outstanding transportation bonding debt and repurpose unspent federal COVID-relief grants, while facing criticism for sweeping funds from a program sharing state sales tax receipts with cities and towns.
Originally Published 2 years ago — by Reuters.com
Talks between President Joe Biden and lawmakers on the US debt ceiling are likely to resume on Tuesday, with both sides showing signs of progress. Equity markets weakened around most of Asia on Monday, while currency markets paid more attention to stunning regional election results in Thailand and Turkey. The yuan touched a fresh two-month low amid worrying signs in data last week that the best part of China's COVID recovery is already behind. Meanwhile, Biden is still planning on attending the G7 summit in Hiroshima.