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Industry

Trump to impose up to 100 percent tariffs on drones and aircraft parts, 15 percent for South Korea

U.S. President Donald Trump said the United States will impose 100 percent tariffs on large drones and related parts and 25 percent tariffs on other drones. The measures also cover existing drone and parts imports into the United States and could affect the broader supply chain. Some countries, including the European Union, Japan, Liechtenstein, South Korea, Switzerland and Taiwan, receive a 15 percent rate, while Britain faces 10 percent, subject to strict origin requirements.

Crypto

Former CFTC chair says Clarity bill should not be overhyped, industry innovation to continue

Chris Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission, said technological innovation in the cryptocurrency industry will not stop even if the Clarity bill pending in Congress fails to pass. He urged the industry not to overestimate the bill and raised concerns about expanded surveillance, saying the bill could draw crypto transactions into Bank Secrecy Act monitoring. He also commented on political factors behind delays and federal regulation of prediction markets.

Crypto

Ripple\'s David Schwartz says SEC trying to rewrite history, reviving dispute over XRP non-security ruling

Ripple Chief Technology Officer David Schwartz challenged the view that the U.S. Securities and Exchange Commission only took issue with how Ripple sold XRP during the lawsuit. He called it an attempt to \"rewrite history\" and said the regulator advanced broader arguments that XRP holders expected profits based on Ripple\'s efforts, including for exchange-traded XRP. The debate resurfaced on the third anniversary of a 2023 ruling that XRP itself is not a security, while some institutional sales violated securities laws.