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Dollar eases after Fed-driven jump as Treasury yields and oil prices retreat

Dollar eases after Fed-driven jump as Treasury yields and oil prices retreat

By Saqib Iqbal Ahmed NEW YORK, Sept 17 (Reuters) - The US dollar eased on Thursday, a day after logging its biggest jump in three months after the Federal Reserve hiked rates and signalled further tightening.
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Dollar holds near two-week high ahead of Fed decision

Dollar holds near two-week high ahead of Fed decision

By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK, Sept 16 (Reuters) - The dollar held steady near a two-week high on Wednesday ahead of a Federal Reserve decision that traders expect will mark the first in a series of U.S. interest rate hikes.
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Dollar pauses after Fed rally as yields, oil retreat

Dollar pauses after Fed rally as yields, oil retreat

By Saqib Iqbal Ahmed NEW YORK, Sept 17 (Reuters) - The US dollar eased against the euro on Thursday, a day after logging its biggest jump in three months against the common currency after the Federal Reserve hiked rates and signalled further tightening.
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Asian markets make shaky gains ahead of Fed decision, oil slips

Asian markets make shaky gains ahead of Fed decision, oil slips

By Gregor Stuart Hunter SINGAPORE, Sept 16 (Reuters) - Stocks edged higher in Asia on Wednesday as a respite in the global bond selloff and a drop in oil prices steadied nerves ahead of a pivotal Federal Reserve decision later in the day.
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House Republicans Consider Removing Crypto Tax Provisions to Secure Bipartisan Support

House Republicans Consider Removing Crypto Tax Provisions to Secure Bipartisan Support

House Republicans on the Ways and Means Committee are reportedly considering removing key provisions related to the taxation of crypto mining and staking rewards from a broader digital asset legislative package. This move is aimed at securing bipartisan support for the bill ahead of the upcoming midterm elections. The provisions in question, from H.R. 9175, the Tax Clarity for Mining and Staking Act, introduced by Rep. Mike Carey (R-OH), propose deferring taxes on newly created crypto rewards until they are sold, rather than taxing them as ordinary income upon receipt. Under current IRS rules, individuals owe income tax on the fair market value of tokens received as rewards at the time of receipt, regardless of whether they are sold. The potential removal of these provisions is largely influenced by the need to gain the backing of Rep. Steven Horsford (D-NV), described as a significant Democratic supporter of crypto regulation. Democrats on the committee have expressed concerns that offering a tax deferral...
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Why Tron's Critics Got One Thing Right

Why Tron's Critics Got One Thing Right

Tron has faced years of criticism, but one complaint stands out as fundamentally true: its claims of decentralization don't match its reality.
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Stocks tick up as oil falls, bonds stabilise ahead of Fed decision

Stocks tick up as oil falls, bonds stabilise ahead of Fed decision

By Gregor Stuart Hunter SINGAPORE, Sept 16 (Reuters) - Stocks edged higher in Asia on Wednesday as a respite in the global bond selloff and a drop in oil prices steadied nerves ahead of a pivotal Federal Reserve decision later in the day.
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Northern Trust Introduces New Money Market Fund for Stablecoin Reserve Management

Northern Trust Introduces New Money Market Fund for Stablecoin Reserve Management

Northern Trust Introduces New Money Market Fund for Stablecoin Reserve Management
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Morning Bid: Warsh on collision course with Trump administration

Morning Bid: Warsh on collision course with Trump administration

A look at the day ahead in European and global markets from Gregor Stuart Hunter Federal Reserve Chair Kevin Warsh is likely to come out of Wednesday's policy decision bruised one way or another. If he stands pat, markets may revolt.
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Asian markets make nervous start ahead of Fed decision

Asian markets make nervous start ahead of Fed decision

By Gregor Stuart Hunter SINGAPORE, Sept 16 (Reuters) - Stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.
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WTO Report Highlights Stablecoins' Potential and Challenges in World Trade

WTO Report Highlights Stablecoins' Potential and Challenges in World Trade

WTO Report Highlights Stablecoins' Potential and Challenges in World Trade
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Senate to Vote on Clarity Act, Establishing New Crypto Regulatory Structure Amid Ethics Debate

Senate to Vote on Clarity Act, Establishing New Crypto Regulatory Structure Amid Ethics Debate

The U.S. Senate is scheduled for a crucial vote on the Clarity Act, a bill designed to establish a new regulatory framework for cryptocurrencies and other digital assets. This vote comes after months of the bill languishing in the Senate, despite clearing the Senate Banking Committee in May. The legislation requires 60 votes to pass, meaning at least seven Democrats would need to support it to overcome a filibuster. Intense last-minute lobbying efforts are underway from both banks and the cryptocurrency industry. A key development is President Trump's agreement to new ethics provisions within the bill, including a requirement for federal officials and their spouses to divest or place significant financial interests in digital assets into a blind trust. Additionally, the updated bill includes a provision allowing state attorneys general to enforce these ethics rules, a critical demand from Democrats. The White House has emphasized the importance of passing the Clarity Act to maintain U.S. leadership in inno...