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Analysis-Trump agencies to set crypto policy as bill stalls, limiting industry's gains

Analysis-Trump agencies to set crypto policy as bill stalls, limiting industry's gains

By Hannah Lang Aug 18 (Reuters) - As sweeping U.S. crypto legislation stalls, President Donald Trump's regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations.

Trump-Appointed Regulators Approve Bank Charter for Trump Family's Cryptocurrency Venture, Raising Ethics Concerns

Trump-Appointed Regulators Approve Bank Charter for Trump Family's Cryptocurrency Venture, Raising Ethics Concerns

Regulators appointed by President Trump have granted preliminary conditional approval for World Liberty Financial, a cryptocurrency firm launched by President Trump and his sons in 2024, to become a trust bank. This decision has sparked alarm among ethics watchdogs and some lawmakers. While World Liberty Financial will not be able to take deposits or make loans, the bank charter will allow the firm to bypass intermediaries in safeguarding and issuing USD1, its dollar-backed stablecoin, which currently has over $4 billion in circulation. The final approval is contingent on a series of conditions being met. Critics view this as a significant conflict of interest, given President Trump's financial ties to the company and his role in appointing the regulators who approved the charter. The White House, however, maintains that President Trump's investment holdings are managed in fully discretionary accounts by independent third-party financial institutions, asserting there are no conflicts of interest.

Marjorie Taylor Greene claims Trump 'discussing' nuclear option in Iran

Marjorie Taylor Greene claims Trump 'discussing' nuclear option in Iran

Former Georgia congresswoman Marjorie Taylor Greene claims the Trump Administration is weighing nuclear options in Iran as war continues.

President Trump Contradicts Vice President Vance on Iran War's Primary Goal

President Trump Contradicts Vice President Vance on Iran War's Primary Goal

President Trump and Vice President JD Vance have presented conflicting statements regarding the primary objective of the U.S. war with Iran, nearly six months into the conflict. Vice President Vance stated in a Fox News interview that 'goal number one' for the war is to 'keep oil and gas cheap' for Americans. He also inaccurately claimed that oil prices were 'way down from the highs in the early days' of the war. In contrast, President Trump, at a New York rally, asserted that the main goal is to prevent Iran from obtaining a nuclear weapon, telling the public that paying 'a tiny little bit more' for gasoline is acceptable for this cause. This divergence in messaging has been highlighted by media outlets, noting that average gas prices have increased significantly since the war began, from under $3 to over $4 per gallon.

Erdogan urges Trump to pursue talks with Iran, offers support

Erdogan urges Trump to pursue talks with Iran, offers support

ANKARA, Aug 18 (Reuters) - Turkish President Tayyip Erdogan urged U.S. President Donald Trump in a phone call to pursue talks with Iran to de-escalate tensions between the two countries, and offered Ankara's support for peace efforts, the Turkish presidency said on Tuesday.

Trump says US has no talks planned with Iran and other news from the Middle East

Trump says US has no talks planned with Iran and other news from the Middle East

U.S. President Donald Trump says the U.S. has no planned talks with Iran but insists the Strait of Hormuz remains open

Bitcoin Reclaims $64,000 Amidst Low Volatility and Uncertain Market Direction

Bitcoin Reclaims $64,000 Amidst Low Volatility and Uncertain Market Direction

Bitcoin Reclaims $64,000 Amidst Low Volatility and Uncertain Market Direction

President Trump's Strait of Hormuz Comments Spark International Concern Amidst Iran Operations and Sanctions

President Trump's Strait of Hormuz Comments Spark International Concern Amidst Iran Operations and Sanctions

President Trump recently made statements suggesting his intention to declare the Strait of Hormuz U.S. territory following the conclusion of ongoing U.S. and Israeli combat operations against Iran, which began in February. President Trump was quoted saying, "After we finish defeating Iran, which is being very badly defeated — pretty soon I’ll be declaring the Hormuz Strait a territory of the United States." Although the White House later indicated these comments were made in jest, the statement has drawn significant attention due to its potential implications for international law and U.S. foreign policy. These remarks come as the U.S. government continues to exert pressure on adversaries, with the recently renamed Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 providing additional tools to increase pressure on Russia regarding the war in Ukraine. The act aims to impact Russia's wartime economy and its sources of foreign income, restoring Congress's role in this policy area.

Yen edges up as traders push back Fed rate hike bets

Yen edges up as traders push back Fed rate hike bets

By Gregor Stuart Hunter SINGAPORE, Aug 17 (Reuters) - The yen crept higher against the dollar, largely shrugging off weaker-than-expected Japanese GDP data as traders postponed expectations of a rate hike from the Federal Reserve this year.

Trump Administration Regulators Approve Bank Charter for Trump Family's Cryptocurrency Venture, Raising Ethics Concerns

Trump Administration Regulators Approve Bank Charter for Trump Family's Cryptocurrency Venture, Raising Ethics Concerns

Regulators appointed by President Trump have granted preliminary conditional approval for World Liberty Financial, a cryptocurrency firm co-founded by President Trump and his sons, to become a trust bank. This decision has sparked alarm among ethics watchdogs and some lawmakers. World Liberty Financial, launched in 2024, announced the approval on Friday, with final authorization contingent on meeting specific conditions. While the firm will not be able to accept deposits or issue loans, the bank charter will enable World Liberty to bypass intermediaries for safeguarding and issuing USD1, a dollar-backed stablecoin with over $4 billion in circulation. Critics argue this move represents a significant conflict of interest, given President Trump's financial ties to the company and his role in appointing the regulators who approved the charter. The White House, however, maintains that President Trump's investment holdings are managed by independent third-party financial institutions, asserting there are no conf...

Trump instructs Pentagon to reduce military exercises with South Korea

Trump instructs Pentagon to reduce military exercises with South Korea

By Costas Pitas and David Lawder Aug 16 (Reuters) - U.S. President Donald Trump has instructed the Pentagon to substantially reduce joint military exercises with South Korea, he said on Sunday in a social media post that also mentioned Seoul's refusal to take part in actions against Iran.

President Trump Announces Intent to Declare Strait of Hormuz U.S. Territory Amidst Iran Conflict

President Trump Announces Intent to Declare Strait of Hormuz U.S. Territory Amidst Iran Conflict

President Trump announced his intention to "soon" declare the Strait of Hormuz a U.S. territory during a rally in Garden City, New York state. This statement comes amidst a five-month-old conflict involving the U.S. and Israel against Iran. The war's stated objectives, according to senior White House officials including President Trump, include ending Iran's nuclear program and instigating regime change. In response, Iran has targeted U.S. allies with drone and missile strikes and imposed a blockade on the Strait of Hormuz, a critical waterway through which one-fifth of the world's oil and liquefied natural gas shipments passed before the conflict. The U.S. has countered with its own naval blockade of Iranian ships and ports, leading to a stalemate and soaring global energy prices. President Trump urged Americans to accept higher gas prices as a necessary cost for preventing Iran from acquiring nuclear weapons. Iran's Deputy Foreign Minister Kazem Gharibabadi dismissed President Trump's remarks, asserting ...