December 4, 06:30 AM • 45124 viewsDecember 4, 02:10 PM • 13605 viewsDecember 1, 08:53 AM • 76020 viewsJPMorgan Chase & Co. considers the forecast of the stablecoin market growing to $2 trillion "somewhat optimistic" because the infrastructure is not yet developed. The bank predicts a doubling or tripling of the market, which is significantly lower than other estimates.
Donald Trump called on the US Senate to cancel its summer recess for the urgent approval of six candidates he proposed for positions. Among the nominees are lawyer Emil Bow and former Fox News host Jeanine Pirro.
Bitcoin surpassed $120,000 after the US House of Representatives approved three bills for a better regulatory framework for cryptocurrencies. President Trump is preparing to sign an executive order, which is a critical step towards a stable regulatory framework.
The US Congress has passed the first federal law regulating stablecoins, paving the way for wider adoption of this technology. The bill establishes federal oversight for dollar-pegged tokens and could accelerate digital payments.
The US Senate has approved a $9 billion cut in federal spending, including funding for public broadcasting and foreign aid. The bill, which now moves to the House of Representatives, has a minor impact on the national debt but could have serious consequences for the programs being cut.
Subcommittees of the US House of Representatives and Senate approved NASA budget bills at the level of $24. 8-24.9 billion, rejecting the White House's proposal for an almost 25% cut. This will allow maintaining the space agency's funding at the current level.
The US Senate may consider a White House request to return $9. 4 billion for international aid and public broadcasting. This decision could end funding for USAID, NPR, and PBS, and also affect HIV/AIDS programs.
US senators have advertised a bipartisan bill that would give President Trump powerful sanctions against Russia. This comes amid a cooling of Trump's relations with Putin and the US president's readiness to increase pressure on the Russian Federation.
Relations between Donald Trump and Vladimir Putin have escalated, despite Trump's previous promises regarding Ukraine. Putin rejected Trump's ceasefire proposals, continuing the offensive, which led to a change in the American president's position.
The Foreign Minister urged foreign partners not to delay new sanctions against Russia after the massive attack on Kyiv on July 10. He emphasized the need for quick action on the US Senate bill and the 18th EU sanctions package.
Speaker of the US House of Representatives Mike Johnson said that Vladimir Putin is not interested in a serious discussion of peace in Ukraine. The US Senate may vote on a bill on sanctions against Russia by the end of the month.
Republican Senator Lindsey Graham announced that the US Senate will soon consider a bill on tough sanctions against Russia, China, and India. The bill provides for presidential powers to maximize pressure on countries supporting Putin's war machine.
US President Donald Trump signed a bill that raises the national debt limit by $5 trillion, cuts social programs, and increases military funding. The document also provides for tax breaks and funding for combating illegal migration.
The US House of Representatives passed President Donald Trump's domestic policy bill, sending it for his signature. The document provides for tax cuts, increased funding for the Pentagon and border security, and a reduction in the federal social security system.
The IMF warned that Trump's tax bill would make it harder to reduce the US budget deficit and debt burden. The bill increases the deficit by $3.3 trillion, which contradicts the reduction of federal debt in the medium term.
Republican congressmen Brian Fitzpatrick and Michael McCaul called on President Trump to resume military aid to Ukraine and hold an emergency briefing for Congress. Democrat Jeanne Shaheen also expressed concern about the suspension of supplies, which the White House explains by the low level of its own military reserves.
American billionaire Elon Musk is threatening to create his own political party if the Republican Party's tax and spending bill is passed. US President Donald Trump, in response, hinted to Musk that he should "return to South Africa" due to his criticism of the bill.
This year, Bitcoin is breaking records, while most altcoins are experiencing a significant decline, having lost over $300 billion in market value. Bitcoin now accounts for 64% of the total market value of crypto assets.
The US Senate backed Donald Trump's bill to cut taxes and spending by $4. 5 trillion, overcoming the first hurdle. Elon Musk called Trump's tax bill insane and destructive.
The US Senate did not support a bill that would have required congressional approval for the use of the military against Iran. 53 out of 100 senators voted against limiting powers, including one Democrat and one Republican.
U. S. Secretary of State Marco Rubio unexpectedly criticized Europe over the issue of strengthening sanctions against Russia. He stated that the Senate will consider a law on strengthening sanctions, but publicly changed his rhetoric to preserve the possibility of negotiations with the Russian Federation.
The US House of Representatives banned the use of WhatsApp on government devices starting June 30 due to privacy risks and a lack of transparency regarding data protection. Meta, the company that owns the messenger, disagrees with this decision, emphasizing end-to-end encryption of messages and a higher level of security compared to other permitted applications.
The US Senate has passed a bill regulating stablecoins, digital assets pegged to fiat currencies. It is intended to create reservation rules, protect consumer rights, and ensure oversight.
J. D. Vance met with Republican Senator Ron Johnson to persuade him to support Trump's tax and spending cut package. The bill has a lot of criticism due to the consequences.
Political scientist Oleg Lisny stated that the protests in the US are a consequence of Trump's policy, which ignores the law and pushes people to radical actions. This may affect support for the Republican Party.
The visit of the Ukrainian delegation to the United States was preparation for a meeting between Zelenskyy and Trump in Canada at the G7 summit. Yermak emphasized the importance of the US Congress's support for organizing this meeting.
The White House is trying to reconcile Trump with Musk after their public dispute. Tesla's shares fell by $150 billion, and Musk's fortune decreased by $34 billion.
Elon Musk stated that without his support, Trump would have lost the election. According to the commission, Musk spent over $290 million on the 2024 election.
Senator Lindsey Graham said the Senate plans to pass a law on sanctions against Russia. He believes that Trump can end the war between Russia and Ukraine.
The European Union intends to impose sanctions against Russian President Vladimir Putin together with the United States. Restrictions are necessary to exert pressure and encourage negotiations.
