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BON CRYPTO
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Annual stablecoin transfer volume has exceeded $50 trillion
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CHARLES SCHWAB PUSHES UP PLAN FOR 2026 CRYPTO INVESTMENT Charles Schwab plans to launch Bitcoin and Ethereum spot trading in the first half of 2026 and is also considering launching a stablecoin. Schwab said many clients want to bring all crypto onto its platform, where it already holds $25 billion in crypto-related ETPs. Charles Schwab said it is open to acquiring crypto companies if the price is right. Schwab currently manages about $11.83 trillion in client assets.
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SHARK KEVIN O LEARY SAYS FED CUTTING INTEREST RATE WON'T PUSH BTC UP BULLISH 🔸 Shark Kevin O Leary said he doesn't think the FED will cut interest rates in December because inflation is still high and the FED has reasons to keep interest rates unchanged 🔸 He also said that even if the FED cuts interest rates, Bitcoin won't change much. BTC is temporarily stable and may only fluctuate within a 5% range at this time. 🔸 He doesn't see any strong signals that will cause Bitcoin to increase or decrease sharply at this time
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BESSENT SAYS PRESIDENT TRUMP CAN STILL IMPOSE TARIFFS IF SUPREME COURT REJECTS 🔸 On Tariffs, Treasury Secretary Scott Bessent believes the Trump administration still has a chance to win at the Supreme Court 🔸 He said the Trump administration could still impose tariffs if it loses the Supreme Court case 🔸 He explained that the Trade Act of 1962 gives the president very strong authority to impose import tariffs through sections 301, 232, and 122 🔸 Bessent said they could reinvent the entire tariff system using these laws 🔸 Bessent said the tariffs have worked and cited China's progress on the fentanyl issue thanks to tariff pressure 🔸 Regarding the selection of the FED Chairman, he said the Chairman has only one vote, so his power is limited and a decision could be made after the new year.
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JUST IN: Coinbase CEO Brian Armstrong says major banks are piloting crypto with the exchange.
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JUST IN: $12 trillion Charles Schwab says it will offer Bitcoin & Ethereum trading in early 2026. $BTC $ETH
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