News

Trump-backed crypto bills fail in Congress vote

Trump-backed crypto regulation bills stalled in Congress as House Republicans defy leader, impacting crypto market negatively

Published

5 months ago

July 16, 2025

Ahron Young

Trump-backed crypto regulation bills stalled in Congress as House Republicans defy leader, impacting crypto market negatively

In Short:
– Cryptocurrency regulation bills supported by Donald Trump failed in the House, with 196 votes for and 223 against.
– Crypto stocks fell post-vote; Rep. Greene opposed bills lacking a ban on central bank digital currencies.

Cryptocurrency regulation bills supported by Donald Trump failed to clear a key procedural hurdle in the House of Representatives, significantly impacting the crypto industry. The bills require the House to approve rules of debate to move forward; however, the vote concluded with 196 in favour and 223 against.

Thirteen Republicans joined Democrats to block the legislation’s advancement.Uncertainty surrounds the next steps for the bills, particularly after House Republican leadership opted not to hold another vote the same day. The defeat occurred during “Crypto Week,” an unusual moment of rebellion against Trump’s directives by House Republicans.

Crypto decline

After the vote, shares of crypto-related companies declined, with Circle down over 7% and Coinbase dropping more than 4%. One of the stalled bills is the GENIUS Act, aiming to regulate stablecoins. Another proposal, the CLARITY Act, seeks to determine whether assets are treated as securities or commodities.

Rep. Marjorie Taylor Greene opposed the measure, stating it lacked a ban on central bank digital currencies, aligning with Trump’s earlier calls for such a provision.

News

Private sector jobs fall as ADP reveals major slowdown in November

ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.

Published

57 minutes ago

December 4, 2025

Harvey Vargas

ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.

ADP has revealed a surprise decline of 32,000 private sector jobs in November, signalling renewed pressure across the labour market. Small businesses in particular have been hit hardest, raising fresh concerns about resilience heading into the new year.

Economists warn that slowing hiring momentum and weakening pay growth point to a broader shift in worker demand. With consumers increasingly expecting unemployment to rise, sentiment across industries continues to cool.

The market now turns its attention to the upcoming Bureau of Labor Statistics report, which will offer a crucial read on whether this slowdown is temporary—or a sign of something much larger.

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#ADP #JobsReport #LabourMarket #EconomyNews #SmallBusiness #HiringTrends #Wages #TickerNews

News

Australia warned of major electricity price surge without faster renewable rollout

Australia may face a 13% electricity price hike next decade without faster renewable energy project implementation, warns energy watchdog.

Published

1 hour ago

December 4, 2025

Harvey Vargas

Australia may face a 13% electricity price hike next decade without faster renewable energy project implementation, warns energy watchdog.

Australia’s energy watchdog is warning that households could be hit with a 13% jump in electricity prices early next decade if renewable energy projects don’t accelerate. The Australian Energy Market Commission says the next five years will be critical to boosting clean generation and battery storage.

While a modest 5% drop in power bills is expected over the short term, delays in wind projects and transmission updates could see prices climb by as much as 20%. Energy Minister Chris Bowen also cautions that extending the life of ageing coal plants could push costs and pollution even higher.

Experts say that faster renewable construction could cut future prices by up to 10%, and that widespread electrification could transform long-term household savings.

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#EnergyAustralia
#ElectricityPrices
#RenewableEnergy
#AEMC
#PowerBills
#CleanEnergyTransition
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#EnergyPolicy

News

Immigration crackdown escalates tensions In New Orleans

New Orleans faces fear as immigration operation targets undocumented immigrants, sparking community concern and calls for accountability.

Published

1 hour ago

December 4, 2025

Harvey Vargas

New Orleans faces fear as immigration operation targets undocumented immigrants, sparking community concern and calls for accountability.

U.S. immigration officials have launched a new enforcement operation in New Orleans targeting undocumented immigrants, with a particular focus on individuals released from local custody under sanctuary-style policies. The move has sparked a wave of concern across the community.

Residents say the tactics used by federal agents are creating fear among families, including those without criminal records. One restaurant owner has even created makeshift sleeping spaces to keep loved ones out of sight as the operation intensifies.

Local leaders, including council member Lesli Harris, are calling for clarity and accountability as the operation continues through the end of the year. The full scope of the federal action remains uncertain.

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#Immigration #NewOrleans #USPolitics #BorderSecurity #ICE #CommunityImpact #BreakingNews #TickerNews