On the 20th local time, outgoing US President Biden confirmed to reporters that he left a letter to the incoming US President-elect Trump, but did not disclose the specific content of the letter. "This is between me and Trump," Biden told reporters outside the White House. When Trump left office in 2021, he left a letter to his successor Biden, which Biden later described as "very generous".
Janet Yellen, the outgoing US Treasury secretary, has warned that the next administration's plan to extend the 2017 Republican tax cuts could disrupt the financial marekt and worsen an already challenging US fiscal outlook. "The projected fiscal path under current budget policy is simply not sustainable, and failure to act or take action that exacerbates the projected deficit could have dire consequences," Yellen said on Wednesday.
Gary Gensler, the outgoing chairperson of the Securities Exchange Commission (SEC), told Yahoo Finance on Tuesday that the commission "never said" that bitcoin and ether were securities, and neither he nor Jay Clayton, the SEC's previous chairperson, said bitcoin was a security.
According to the Financial Times, the outgoing chairperson of the US Federal Deposit Insurance Corporation (FDIC) has warned that the US financial system could pay a "high price" if the Trump administration cuts regulation of banks too aggressively. Martin Gruenberg said: "In the financial sector...
The outgoing chairperson of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has renewed his call for Congress to fill the crypto regulatory void. He said he would continue to advocate for the CFTC to move forward even if he no longer serves as chairperson. When the Wall Street Journal's...
Gary Gensler, the outgoing chairperson of the US Securities and Exchange Commission (SEC), said in an interview with Bloomberg TV that he was proud of the work done by the agency and said there was still "work to be done" less than two weeks before he left office. Gensler reiterated his assertion that the crypto space is "rife with bad actors". When asked about some of the cases the SEC has brought against cryptocurrencies during his tenure and whether this has led to a change in his behavior, G...
The outgoing and incoming presidents had mixed messages about the Christmas holiday, with Biden, a Democrat, urging Americans to reflect and unite, and Trump, a Republican, offering holiday greetings and a series of politically focused posts on social media. Trump called for the prosecution of alleged political enemies and vowed to restructure the federal government.
Nigerian cryptocurrency exchange Bitmama has temporarily suspended its virtual Mastercard service due to unforeseen issues with its providers. The current situation comes as African fintech companies are facing card service challenges, including exchange rate fluctuations, chargeback fraud and insufficient funding. Some fintech companies blame provider issues, while others cite high costs and limited revenue opportunities. Despite these obstacles, some fintech companies such as Bitmama and Chipp...
Syrian state media said explosions were heard in the Mezzah area of Damascus, and an investigation was underway.
On October 7th, overseas crypto KOL Ignas published data pointing out that the number of EIGEN currently in the state of pledge is larger than the number of EIGEN in circulation, the amount of pledge is 242 million, and the circulation is 186 million (CMC and Coingecko data). This is because EigenLayer allows investors' tokens in a "locked" state to be staked. Ignas added that this is a common problem in the industry, and TIA appears to have a similar problem. It dilutes the staking rewards avai...
According to eyewitness reports, multiple explosions were reported in Kiev, the capital of Ukraine.
The news that OPEC + will release production capacity as planned in October has pushed oil prices down sharply. Can the monthly line close down for two consecutive months make the organization change its mind? If it persists, the price of oil may fall to... > >
Witnesses said there was a loud noise in the Lebanese capital Beirut.
The cryptocurrency industry has once again received strong news.