| Mobile Web

Search results for U.S. Congress

Crypto

Bitcoin rebound may not signal end of bear market, new low possible in November

Bitcoin has rebounded strongly, but it is too early to conclude the bear market is over, an analysis said. Fidelity Digital Assets said Bitcoin is following a pattern similar to past cycles, though a new low could still form in November. It said the recent rise does not necessarily signal a trend reversal, despite a roughly 30 percent gain to about $81,639 by Aug. 30 after a U.S. Treasury buyback announcement.

Crypto

Clarity Act vote set for Sept. 15; French Hill says bipartisan passage expected

The U.S. Congress is set to vote on the crypto market structure Clarity Act on Sept. 15, with bipartisan cooperation seen as the key variable. Republican Representative French Hill said passage before the midterm elections would require Democrats and Republicans to work together and that the parties have narrowed differences over drafting. Debate has been delayed by conflicts over stablecoin customer yields and a new ethics-focused draft.

Energy & Environment

US gasoline prices top $4 a gallon throughout August for first time as Sierra Club urges windfall tax

The Sierra Club urged the U.S. Congress to adopt a windfall tax to claw back excess profits major oil companies made after war-driven oil price surges. It said much of the profit reflected higher prices rather than expanded production, efficiency gains or innovation. The American Automobile Association said average U.S. gasoline prices exceeded $4 per gallon throughout August for the first time. The push comes ahead of a meeting between President Donald Trump and oil company CEOs.