customs

🚨 Senior U.S. Customs Official Dismissed Over Alleged Ties to Anonymous Critic 🚨

📰 Summary:
A senior customs official, George E. Bogden, was dismissed this week by the White House due to alleged connections with the author of an anonymous 2018 opinion piece critical of former President Donald Trump. 🏛️ The article, published in The New York Times, highlighted internal resistance within the Trump administration during his first term. 🤔

🔍 What Happened:
Bogden, appointed this year as the Executive Director of the Office of Trade Relations at Customs and Border Protection, was asked to resign unexpectedly, surprising many officials. 😲 It’s still unclear how the government linked him to Miles Taylor, the Department of Homeland Security official believed to have written the piece. 🤫

⚠️ The Big Question:
How did the government make the connection? And what will this mean for future anonymous criticisms in the U.S. political sphere? 🕵️‍♂️

#BreakingNews #USPolitics #Customs #WhiteHouse #Resignation

Trump cancels the decentralized finance intermediary rules issued by the IRS, thereby reversing the cryptocurrency policy pursued by Biden

Trump signed a law canceling the decentralized finance intermediary rules issued by the IRS, which were enacted during Biden's administration.
Decentralized finance platforms were required to report user data, just like traditional intermediaries.
President Donald Trump signed a law that cancels rules issued by the IRS during Biden's term, which expanded the scope of tax reporting requirements to include decentralized finance (DeFi) platforms. The IRS rule, finalized in late 2024, aims to treat DeFi operators as intermediaries and compel them to report user transaction data. Although it was set to take effect in 2026, critics warned that it would harm cryptocurrency innovation and burden small developers.

Both houses of Congress approved the resolution earlier this year under the Congressional Review Act. Lawmakers argued that the IRS rule imposed unrealistic technical requirements on DeFi platforms. Unlike centralized trading platforms like Coinbase or Kraken, these platforms do not retain user identities or custodial assets.
#TRUMP
#customs #defi

After the exchange of fire and the increase in tariffs between the United States and China: Bitcoin drops below $77,000
The price of Bitcoin fell today to below $77,000 after the U.S. President announced a 104% tariff on Chinese imports, which heightened the trade tensions affecting global markets since April 2.

In response, China also raised tariffs on U.S. imports to 84%.

The tariff increases from both sides led to wide fluctuations in high-risk asset markets.

The "S&P 500" and "NASDAQ" indices recorded daily gains of nearly 4% before retreating and erasing most of those gains.

Bitcoin followed a similar path, briefly rising above $80,000 before later dropping back below $77,000.

Prior to the tariff imposition, "Trump" held talks with allies like South Korea and Japan, resulting in temporary market optimism.

The White House announced that about 70 countries have reached out to finalize trade agreements, describing the talks as beautiful and effective.

Despite these efforts, "Trump" emphasized that the tariffs imposed on China at the rate of 104% will be applied as planned, to take effect at 12:00 AM on April 9.

Trump's tariffs on April 2 cause a sharp collapse in stock and cryptocurrency markets
Trump's tariffs on April 2 herald a market crash, which will negatively impact stocks and cryptocurrencies.
Cryptocurrency markets are experiencing a bleed, with widespread sell-offs.
Trade wars threaten cryptocurrency growth by tightening regulatory frameworks.
Donald Trump's tariffs, announced on April 2, send shockwaves through global markets, fueling discussions of a devastating collapse in traditional stock markets and digital assets. The past two days have seen a negative market reaction, with increasing widespread sell-offs.

Trump's tariffs that will disrupt global markets

Trump's tariffs represent a radical departure from the cooperative international trade system that has prevailed in recent decades. His proposal targets what is known as the "dirty fifteen countries," a group of key trading partners for the United States, which collectively account for 80% of the country’s trade volume.

These tariffs, if imposed, will ignite a broad economic disintegration, forcing countries to redirect their trade policies away from the United States.
#customs
#crypto

Trump's trade war proves the value of blockchain technology: according to the founder of Cardano
During his speech at Paris Blockchain Week, Charles Hoskinson, the founder of Cardano, emphasized that the escalating trade war led by President Trump highlights the importance of blockchain technology and decentralization more than ever.

He considered that the concentration of power in the hands of a few leads to the degradation of systems, and that ordinary citizens bear the brunt of this burden.

He stressed the need to protect the sector from attempts at monopolization by major tech companies, which may reshape the decentralized structure to fit their centralized models.

He pointed out that a new collaborative approach is needed to overcome these challenges.

Hoskinson predicted that the United States will soon witness supportive laws and regulations for stablecoins and digital assets, which could attract major players like Amazon, Apple, and Microsoft.

He concluded by mentioning work on a new project that will distribute 37 million coins to holders of major cryptocurrencies, with a promise to provide additional details in the coming weeks.
#customs #trump #blockchain #crypto