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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

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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.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

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SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


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Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

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Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.


The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill


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Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.
Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.Banner

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.


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