U.S. Treasury Secretary Vincent will testify before a House committee on June 11.
The General Office of the CPC Central Committee and the General Office of the State Council have issued opinions on improving the modern enterprise system with Chinese characteristics.
Kevin Hassett, director of the White House National Economic Council, said he disagreed with Jamie Dimon, chief executive of JPMorgan Chase, on the risk of stagflation, after he said the US faced a risk of stagflation and that the Fed was justified in staying put.
Milan, chairperson of the White House Council of Economic Advisers: There is currently no work related to secret currency negotiations.
Ripple CEO Brad Garlinghouse said in a post on the X platform that he traveled to Washington, D.C. to advocate for sound pro-cryptocurrency legislation on stablecoins and market structures, calling on U.S. government officials to view cryptocurrencies the way they should be, but Senator Cynthia Lummis, chairperson of the U.S. Digital Assets Subcommittee, cancelled the meeting and will not reschedule. Brad Garlinghouse called on Cynthia Lummis to reconsider the meeting to jointly discuss how to m...
Domestic news: 1. The Central Committee of the Communist Party of China and the State Council have issued the "Regulations on Party and Government Organs to Practice Saving and Oppose Waste". 2. Guangzhou's first home loan interest rate has been raised by 10BP against the trend? There are still uncertainties. 3. The Tianwen No. 2 probe has been successfully transferred to the launch area and plans to launch at the end of May. 4. Foreign media: Nvidia will adjust its chip exports to China. 5. Med...
Market news: Trump's tax bill failed to pass a House subcommittee due to divisions in the Republican Party over costs.
According to market news, the Trump tax bill failed to pass the House subcommittee due to differences in the US Republican Party on the cost issue.
According to SEC filings, the Wisconsin Investment Commission has sold its bitcoin ETF holdings in which it invested $321 million.
According to the latest documents disclosed by the Federal Election Commission, the Republican National Committee (RNC) paid $317,000 to Trump family businesses in March 2025. Mar-a-Lago received $195,000 for venue rental and catering services, Trump National Doral Golf Club received $85,000, and Donald Trump Jr.'s publishing company received $35,000 for souvenir production. The data shows that since 20...
Members of the Federal Reserve's Community Depository Institutions Advisory Committee (CDIAC) have expressed concerns about stablecoins issued by non-banks, according to recently disclosed minutes of the April 10 meeting. The committee believes that such stablecoins could accelerate the outflow of bank deposits and reduce the ability of community banks to provide loans to small and medium-sized enterprises and households. The committee compared stablecoins to...
Bo Hines, executive director of Trump's Digital Asset Advisory Council, criticized the US Senate for failing to pass the GENIUS bill in a post on the X platform. He said that the US Democrats are not doing the right thing for the people and failing to implement common sense regulations that could have solidified their leadership in digital asset innovation. Bo Hines added that the bill is about building the future, designed to update outdated payment systems, and solidify the position of the Uni...
The US Senate banking committee has moved forward with the nomination of Michelle Bowman to be the Fed's vice chair of regulation, bringing her one step closer to a vote to approve. Ms Bowman is expected to support looser bank regulation than Mr. Barr, who resigned from the role earlier this year. She has often called for "tailored" regulation and sharply criticised a proposal that would require many banks to significantly increase their capital bases to cushion losses. She also said regulators ...
The top Democrat on the U.S. House Financial Services Committee, Rep. Maxine Waters, will block a joint hearing between her committee and the House Agriculture Committee on a market structure discussion draft bill released Monday. According to House rules, all participants in a joint hearing must agree unanimously before it can proceed. According to CoinDesk, a Democratic staffer said Waters would oppose the...
Bo Hines, executive director of the Trump Digital Asset Advisory Council, said that the US Congress is actively advancing cryptocurrency legislation, and the relevant bills are expected to be completed in the short term. Some major legislative strategic points of the crypto industry efforts may be addressed in Congress this week. He believes that the two major crypto bills are still able to meet Trump's August deadline. He also emphasized that the current legislative process is an important step...