Scott Bessent has told lawmakers in a House hearing that the United States should remain the premier venue for digital assets, praising new crypto proposals and saying stablecoin rules could bolster dollar use. Draft legislation has arrived amid Democratic protests over conflicts of interest.
The post Scott Bessent Ignites Capitol Showdown with Historic Crypto Bill Endorsement appeared first on Cryptonews. …
Month: May 2025
USD1 Stablecoin Blasts 1,540% to $2.1B – Will Trump-Tied Token Keep Its Peg?
USD1 has grown from $128 m to more than $2.1 bn within days, driven by sizeable BNB-Chain mints and MGX’s agreement to use the token for a $2 bn Binance investment. Backed by WLFI, the dollar-pegged coin now ranks seventh by market cap, has drawn investors across Europe, Asia and Latin America, and has been listed fee-free on HTX.
The post USD1 Stablecoin Blasts 1,540% to $2.1B – Will Trump-Tied Token Keep Its Peg? appeared first on Cryptonews. …
Shock as missing South African journalist’s decomposed body found
Human remains, believed to be that of a journalist and his partner, have been found by police.
Charity linked to Prince Harry admits human rights abuses in Congo park
African Parks acknowledged its rangers committed human rights abuses in Congo-Brazzaville.
Bill Gates plans to give away most of his fortune by 2045
Microsoft founder said he will speed up his charitable giving – and accused Elon Musk and Doge of “killing children” through aid cuts.
Turkey moves to silence jailed Erdogan rival by blocking account on X
Istanbul Mayor Ekrem Imamoglu has relied on social media to stay in touch with supporters from jail.
Israeli forces close UN-run schools in East Jerusalem
The action, which affects hundreds of Palestinian pupils, comes after an Israeli ban on Unrwa this year.
Who is Robert Prevost, the new Pope Leo XIV?
After a conclave that lasted only three sessions and 24 hours, 133 cardinals have elected Robert Prevost, now known as Pope Leo XIV.
US judge blocks plan to deport migrants to Libya
The order comes after lawyers expressed alarm that the US was planning to deport migrants to the North African country “immediately”.
Men found guilty of violent murder of Aboriginal schoolboy
Cassius Turvey was chased through bush and beaten with a metal pole, in a case which sparked national outrage.