Washington Financial News

21.07 / 11:53

UPS U.S. to Escalate Pressure on Nicaragua With a Limit on Sugar Imports

WASHINGTON—The Biden administration is planning to drop Nicaragua from the list of countries eligible for low-tariff shipments of sugar into the U.S., stepping up pressure on the government of President Daniel Ortega, an authoritarian leader with close ties to Russian President Vladimir Putin.

21.07 / 10:25

Provident lawmakers US lawmakers US lawmakers edge closer to rules for stablecoins

WASHINGTON — US lawmakers moved closer to a bipartisan agreement on new legislation that would regulate so-called stablecoins as part of efforts to impose basic safeguards on volatile cryptocurrency markets.

21.07 / 00:19

Waters Patrick lawmakers Deal House Lawmakers Near Bipartisan Deal to Address Stablecoin Risks

WASHINGTON—A pair of key House lawmakers are close to a bipartisan agreement to impose tougher oversight of so-called stablecoins, a type of cryptocurrency intended to be pegged to the dollar or another national currency, according to people familiar with the negotiations.

20.07 / 17:31

Fighting U.S. Initiates Trade Fight With Mexico Over Energy Policy

WASHINGTON—The U.S. launched a trade fight against Mexico Wednesday, accusing President Andrés Manuel López Obrador’s government of favoring its state-owned utility and oil company at the expense of American businesses.

20.07 / 14:57

Platform CFPB services CFPB to Push Banks to Cover More Payment-Services Scams

WASHINGTON—The Consumer Financial Protection Bureau is preparing to prod banks to pay back more customers who are the victims of alleged scams on Zelle and other money-transfer services, according to people familiar with the coming regulatory effort.

18.07 / 11:31

Hack Bitfinex Legal Bitcoin Bitfinex Hack Suspect Heather Morgan Cleared to Seek Job and Get Paid Over USD 10K a Month

Heather Morgan, who was charged over laundering USD 4.5bn worth of bitcoin (BTC) stolen from the Bitfinex crypto exchange, won court approval to seek a new job while her case proceeds.

16.07 / 15:17

Action Sen. Joe Manchin Balks at Global Minimum Tax Championed by Biden

WASHINGTON—The Biden administration’s international tax agenda suffered a setback when Sen. Joe Manchin rejected a 15% minimum tax on multinational companies this past week, dimming prospects of turning last year’s global tax agreement into reality.

15.07 / 10:35

business Technology Killing Biden to meet with Saudi Arabia leaders despite Khashoggi killing criticism

President Joe Biden will discuss energy supply, human rights, and security cooperation in Saudi Arabia on Friday on a trip designed to restart the US relationship with a country he once pledged to make a "pariah" on the world stage.

15.07 / 08:07

cryptocurrency Binance crypto rules Global Crypto Rules Needed To "Keep Markets Clean": UK Watchdog

This year, Spain, France and Italy have allowed Binance to operate in their markets.

14.07 / 19:13

Provident Firms reeling from crypto crash ‘now understand’ need for regulation, FCA boss Rathi says

Crypto firms are starting to see the benefits of regulation according to the Financial Conduct’s chief executive, Nikhil Rathi.

14.07 / 10:17

cryptocurrency Southern network Crypto Lender Celsius Network Files For Bankruptcy

Celsius froze withdrawals and transfers last month.

14.07 / 03:05

business regulation Bankruptcy BREAKING: Celsius reportedly filing for bankruptcy 'imminently'

Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, having notified individual U.S. state regulators on Wednesday, July 13.

13.07 / 13:29

BLOCK Digital Platform WSJ Bitcoin Financial Celsius is "Deeply Insolvent", Says Vermont's Financial Regulator

Celsius Network is «deeply insolvent», Vermont's Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations to customers and creditors as it does not have the assets and liquidity to do so.

13.07 / 12:51

regulation security Interest rates Vermont becomes the sixth US state to launch investigation against Celsius

Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer its services in the state.

13.07 / 11:17

cryptocurrency crypto news Crypto Lender Celsius Is "Deeply Insolvent": US State Regulator

US state regulator says it believes crypto lender Celsius is "deeply insolvent"

13.07 / 10:47

European Union Heatwave Trump Riot Trump rallied supporters to riot at Capitol following 'unhinged' meeting, inquiry hears

During the seventh hearing of the congressional inquiry into the 2021 Capitol riots, the panel on Tuesday presented further evidence that Trump was told, repeatedly, that his claims of fraud were false, but that he continued to push them anyway.

12.07 / 17:25

Fallout hearing Nominee to Be Treasury’s Top Economic Envoy Likely to Address Trade, Ukraine War at Hearing

WASHINGTON—Senators are likely to question Jay Shambaugh, President Biden’s pick to serve as the Treasury Department’s top economic diplomat, about trade policies and the economic fallout of the Russia-Ukraine war at a confirmation hearing Tuesday.

11.07 / 22:53

U.S. Seeks to Fix WTO’s Broken Trade Dispute Process

WASHINGTON—The U.S. is seeking to resolve an impasse that has left the World Trade Organization without senior judges to resolve trade disputes between member countries, according to U.S. officials.

11.07 / 11:39

Target BLOCK pricing Congress Juggles China Bill, Democrats’ Climate and Drug-Pricing Ambitions

WASHINGTON—Congress returns on Monday with Democrats aiming to revive central pieces of President Biden’s stalled economic agenda while trying to keep on track a separate, bipartisan bill targeted at boosting competitiveness with China that top Republicans are threatening to block.

09.07 / 17:57

Art Ukraine war: Russia planning 'new actions' as Donetsk and Kharkiv bombing stepped up, says Kyiv

The Russian army has reportedly continued to bomb Ukraine's eastern Donetsk and northeastern Kharkiv regioins on Saturday. According to Ukrainian officials, Moscow is preparing "new actions" after four and a half months of war.

09.07 / 03:53

Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners

Washington wants Japanese regulators to convince domestic crypto exchanges and miners to cut all ties with Russia, per a new report.

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