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The Pennsylvania House of Representatives has overwhelmingly passed a bipartisan bill that protects the right of residents to keep bitcoins and use them as a means of payment, while creating tax guidelines for bitcoin transactions. The Bitcoin Bill of Rights is now before the state Senate amid growing interest in digital assets as states take regulatory action.
GOOLSBY, Federal Reserve: The Federal Reserve forecasts show that the vast majority believe that economic conditions will continue to improve over the next 12 to 18 months, with interest rates gradually falling sharply.
The Fed meeting notes: "An overwhelming majority of members" think a September rate cut may be appropriate.
The vast majority of economists surveyed by Bloomberg expect the Fed to cut rates by just 25 basis points in September, contradicting calls from some of Wall Street's biggest banks for a big cut at their next meeting. Nearly four-fifths of survey participants expect the Fed to cut rates to a range of 5-5.25 per cent at its September 17-18 meeting, with most of the remaining economists expecting a sharper cut. The median forecast also showed that the Fed will cut interest rates at its scheduled m...
Labour won Thursday's UK general election by a landslide, ending 14 years of Conservative rule and will appoint Keir Starmer as prime minister, but its legislative plans leave the direction of cryptocurrency regulation unclear. According to the BBC, Labour won more than the 326 seats needed for a majority, and as of 6:00 am BST (5:00 UTC) on Friday, Labour had 388 seats, while the Conservatives (i.e. Conservatives) fell to just under 100. In their pre-election manifestos, neither party mentioned...
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