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  • Mar 07, 2025

Trump tells crypto leaders at White House summit he's committed to helping their industry

President Donald Trump said Friday he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration. “I thought it was very important that we stay in the front of this one,” Trump said at the first-ever White House “Crypto Summit.” A former crypto-skeptic, Trump has warmly embraced an industry that’s shown him significant love in return and spent heavily to help him win last year’s election.

  • Mar 07, 2025

Trump Endorses Stablecoins After Creating US Bitcoin Reserve

(Bloomberg) -- President Donald Trump pledged to support legislative efforts to form a regulatory framework for stablecoins on Friday, after ordering the creation of a US strategic Bitcoin Reserve and a separate stockpile of other digital assets.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Where New York City's Zoning Reform Will

  • Mar 07, 2025

Analysis-US jobs data calms market fears, but jitters on policy uncertainty dominate

A solid U.S. jobs report assuaged some swirling concerns about a rapid growth slowdown, but with policy uncertainty surging and tariff headlines keeping the outlook for risk assets murky, Wall Street sees little to cheer. U.S. job growth in February was just shy of estimates and the unemployment rate edged up to 4.1%, but investors were bracing for a more dour outcome after a recent spate of worrisome data. After a punishing selloff in stocks this week, however, markets remained consumed by uncertainty over trade policy and deep federal government spending cuts that could erode the labor market's resilience in the months ahead.

  • Mar 07, 2025

US regulator clears path for banks to engage in some crypto activities

WASHINGTON (Reuters) -The U.S. regulator overseeing national banks clarified Friday that banks can engage in some crypto activities, and removed expectations firms should receive advance permission from regulators before doing so. The Office of the Comptroller of the Currency said in a statement that national banks are permitted to engage in some crypto activities, such as crypto-asset custody, some stablecoin activities, and participation in distributed ledger networks. The OCC also rescinded prior guidance telling banks they should clear crypto activities with regulators beforehand, including showing they have adequate controls in place for that business.

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