Trump admin backs bill to repeal anti-DeFi IRS crypto tax rule
The Trump administration has officially backed a bill to repeal a controversial IRS crypto tax rule, with crypto czar David Sacks calling it a move to protect American innovation.
Oil prices drop as OPEC+ agrees to gradually hike output from April
Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.View on euronews
Teck CEO Slams US for Making Economic Decisions ‘Without Adults’
(Bloomberg) -- The top executive of Teck Resources Ltd., one of Canada’s biggest mining companies, blasted the US for imposing inflation-fueling tariffs on metals markets in some of the industry’s most scathing comments against the Trump administration.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer T
Beyond Party Lines: Securing America’s Crypto Innovation Edge
The Congressional Crypto Caucus is a new nonpartisan voting bloc in Congress united by the promise of this technology, say House Majority Whip Tom Emmer and Representative Ritchie Torres.
Hershey says ICE cocoa futures market is disconnected from reality
NEW YORK (Reuters) -Chocolate maker Hershey Co said the ICE New York cocoa futures market is currently disconnected from the reality of the global physical market due to exchange actions that have reduced liquidity and increased volatility. Tricia Brannigan, Hershey's vice president for procurement, told Reuters on Tuesday that high margin calls on ICE's cocoa futures market drove commercial players away, reducing open interest and causing sharp price swings. ICE cocoa futures prices in New York and London have fluctuated wildly in recent months after hitting record highs in both markets late last year due to production problems in Africa.
Tariffs likely to fuel inflation ‘relatively soon,’ Fed’s Williams says
Concern about U.S. import duties “is clearly influencing how people are thinking about inflation this year,” New York Federal Reserve Bank President John Williams said.
Crypto officially enters bear market after losing $1 trillion since December
Bitcoin plunged below $82,000 as Trump’s new tariffs rattled markets, triggering $1 billion in liquidations.
8 Reasons a Strategic Crypto Reserve Is a Bad Idea
Trump’s proposal for a five-coin reserve dilutes the value proposition of bitcoin and smacks of self-interest, says Nic Carter.
Bitcoin plummets $10,000 in a day as crypto leaders trash Trump's plan
Bitcoin’s notoriously volatile again, shedding $10,000 in a single day as its price tumbled from $93,000 to $83,000. This is all because of President Donald Trump’s proposal to establish a strategic cryptocurrency reserve — a pivot from his earlier stance of exclusively stockpiling Bitcoin.