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The UK is launching major crypto reforms to boost innovation and protect users. It's pushing for clearer global rules in partnership with US regulators, marking a new era of collaboration and trust in digital finance.
#CryptoRegulation
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A massive Trump tariff still exists on some of China’s cheapest exports
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US-China tariff war eases as world's biggest economies agree on trade deal The United States and China have agreed to slash tariffs on each other’s goods for 90 days in a landmark trade deal. According to NBC, in a major breakthrough the two biggest economies of the world, us and China, on Monday, May 12, 2025, announced that they have agreed to halt most of the tariffs imposed by both of the countries in April. The countries in a joint statement said that the US tariffs on Chinese imports will be cut to 30% from 145%, while China’s levies on US imports will be cut to 10% from 125%. The announcement came after a round meeting between the officials of the two countries in Geneva, Switzerland, over the weekend. US Trade Representative Jamieson Greer told reporters in Geneva, “We were able to have very constructive and positive conversations with our Chinese counterparts, who clearly came to deal this week.” US and China to continue discussion for trade relations In a joint statement released, the US and China said that they recognise “the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship” and have agreed to establish a “mechanism to continue discussions about economic and trade relations.” “These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues,” it added. The Geneva talks were led by Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent and Greer. US dollar and Chinese yuan rise after trade deal Right after the announcement of the trade deal between the largest economies, the currency of the two countries recorded a significant rise. After the suspension of heavy tariffs, the value of the US dollar and Chinese yuan. Both currencies valued up against the euro and Japanese yen, while the Chinese yuan also rose against the dollar. #tradewareasess
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Why CPI data can be ultimate bullish
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In a keynote address at the SEC’s latest Crypto Roundtable, Paul Atkins commented on the Commission’s role in crypto policy. He identified three key regulatory focus areas: issuance, custody, and trading. Compared with his last Roundtable appearance in late April, Atkins gave an insightful look at his ambitious crypto agenda. With these priorities, it seems like the SEC will truly transform US crypto policy. Paul Atkins’ Plans for the SEC Earlier today, the SEC hosted its fourth Crypto Roundtable discussion, centered around tokenization. Its agenda has been telegraphed for several weeks, and the Commission published several members’ full statements. Hester “Crypto Mom” Peirce was enthusiastic, Caroline Crenshaw displayed her usual skepticism, and SEC Chair Paul Atkins gave a keynote address: “In order for the United States to be the ‘crypto capital of the planet’ as envisioned by President Trump, the Commission must keep pace with innovation. Rules and regulations designed for off-chain securities may be incompatible with or unnecessary for on-chain assets and stifle the growth of blockchain technology,” he claimed. This discussion is Paul Atkins’ second Crypto Roundtable discussion since becoming SEC Chair. Today’s appearance, however, was very different. Although his speech in April was remarkably brief, this keynote address was much more comprehensive. Atkins’ comments extended past tokenization to give insights into his overall outlook on crypto policy. His comments revolved around a common theme: the digital asset industry is comprehensively different from TradFi institutions, and requires a new approach. #CryptoRoundTableRemarks
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