Search results for Washington
Crypto
U.S. crypto Clarity Act clash pits Ripple CEO against JPMorgan\'s business model
Ripple CEO Brad Garlinghouse rebutted JPMorgan CEO Jamie Dimon over the U.S. Clarity Act, saying Dimon is distorting the bill and should be clearer about why he wants to keep the current system. The dispute focuses on a provision allowing platforms such as Coinbase to offer rewards to users who deposit stablecoins. Garlinghouse said JPMorgan opposes the bill to protect its existing business model. The bill has cleared a Senate committee vote but still needs final Senate approval.
Crypto
Bitcoin rebounds to $63,400 despite Hormuz closure news and U.S. inflation surge
Bitcoin recovered the $63,400 level despite a rise in the U.S. producer price index and reports that Iran temporarily closed the Strait of Hormuz. BTC/USD rose as high as $63,200 on Bitstamp, up more than 2.5 percent on the day, Cointelegraph reported. Oil prices climbed, with WTI topping $91 a barrel. U.S. data showed May core final demand prices up 5.1 percent year on year and CPI up 4.2 percent.
Crypto
Clarity Act faces last-minute hurdles as Galaxy Digital CEO travels to Washington
Prospects for the CLARITY Act, seen as key legislation for the U.S. crypto market, are tied to three issues: the scope of regulation for Web3 developers, resistance from law enforcement agencies and a tight congressional schedule. Galaxy Digital CEO Mike Novogratz went to Washington for urgent meetings, aiming to pass the bill within 4 weeks before the summer recess. Polymarket odds for passage in 2026 fell to 48 percent from 62 percent.
-
Crypto
Coinbase says institutions step up bitcoin buying around $65,000
-
Crypto
CLARITY Act passage odds fall from 75 percent to 60 percent on Senate schedule, stablecoin issues
-
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
-
Crypto
XRP plunges 66 percent but big holders hold on; rebound factors in focus
-
AI & Enterprise
Japan joins U.S. AI project Genesis Mission to co-invest $1 billion over five years
-
Crypto
Trump pro-crypto push prompts U.S. SEC, Ripple to call for CLARITY Act passage
-
Mobility
Tesla unmonitored robotaxi fleet shrinks to about 20 vehicles
-
People & Appointments
Shinhan Securities runs programme for George Washington University training group
-
Crypto
Kalshi, Polymarket fail to block Nevada, Washington gambling lawsuits
-
Crypto
Bitwise CIO says Hyperliquid undervalued; U.S. CFTC regulation a wild card
-
AI & Enterprise
Kenya struggles with Microsoft\'s large AI data centre plans over power demand
-
AI & Enterprise
AI-like face requests spread in U.S. plastic surgery clinics with generative AI
-
Crypto
U.S. CFTC consults major pro sports leagues to crack down on prediction markets
-
Mobility
Tesla Cybercab begins wide U.S. tests as sightings spread
-
AI & Enterprise
Nvidia hits record high after approval to sell H200 to China, surpasses silver by market cap