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Crypto News: Democrats Push Ethics Amendments to Crypto Market Structure Bill Ahead of Senate Vote

US Democratic senators have introduced ethics amendments to the crypto market structure bill, aiming to prevent public officials from profiting from digital assets. Key proposals include restricting government officials from financial benefits related to crypto and delaying the bill's implementation until the Commodity Futures Trading Commission is fully staffed. Additional amendments seek to broaden the bill's scope to include credit card competition. The Senate markup faces uncertainty due to ongoing disputes and potential weather delays, but the legislation is seen as crucial for regulatory clarity in the crypto industry.

CoinLive·
CoinLive·

Foreign media: Bessant hints that US-India tariffs may be eased.

U.S. Treasury Secretary Bessenter hinted at the potential easing of tariffs on India during a speech in Davos. He noted that current tariffs have significantly reduced Indian purchases of Russian oil, which he described as a "huge success." Bessenter indicated that there is a diplomatic pathway for tariff removal if India alters its energy sourcing, emphasizing the economic benefits these trade measures have brought to the U.S.

CoinLive·
CoinLive·

Trump’s FAA Makes It Practically Impossible To Legally Fly Drones

Trump's FAA has issued a new NOTAM that bans drone operations within 300 feet of DHS facilities and vehicle convoys, potentially jeopardizing the progress in electric aviation and drone usage for various beneficial missions. This regulation may lead to confusion for legitimate drone pilots, as the FAA and DHS will not disclose specific no-fly zones. The NOTAM raises concerns about the safety of drone operators, as ICE agents may respond aggressively to perceived threats, creating a dangerous environment for both pilots and agents. The situation reflects a troubling shift in policy that could harm innocent individuals.

cleantechnica·
cleantechnica·

Japan Keeps Markets Guessing On Currency Intervention After Sudden Yen Jump, New York Fed Conducts Rate Checks

Japan's yen experienced a sharp increase, raising speculation about potential currency intervention as officials refrained from commenting on rate checks. Finance Minister Satsuki Katayama stated that authorities are monitoring foreign exchange markets closely. The yen's volatility followed the Bank of Japan's decision to maintain interest rates, with the currency trading at 155.69 per dollar. Political uncertainty looms as Prime Minister Sanae Takaichi calls for a snap election, aiming to capitalize on her high approval ratings. The New York Fed also conducted rate checks on the dollar/yen pair, indicating possible coordinated actions by U.S. and Japanese authorities.

benzinga_article·
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benzinga_article·
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Canada's Carney's "anti-bullying" speech "stirred up a hornet's nest," Trump's team "furiously angry"

Canadian Prime Minister Carney calls for medium powers to unite against "hegemonic economic coercion." This statement has sparked strong dissatisfaction from the Trump team, with Trump stating that "Canada survives on the U.S.," Commerce Secretary Lutnick criticizing it as "arrogant," and Treasury Secretary Basant describing Carney's remarks as a "values performance speech." Carney retaliated by stating that Canada's prosperity does not rely on the U.S. Analysts believe that this diplomatic spat highlights the most serious rift in U.S.-Canada relations in decades and signifies that Canada is reassessing its dependence strategy on the U.S

Wallstreetcn·
Wallstreetcn·
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