USPolitics

🔹 Elon Musk has fallen out of Donald Trump's favor – and Jeff Bezos is wasting no time seizing the opportunity.

Following a public clash between Musk and former President Trump – during which Musk criticized Trump’s policies and even hinted at founding a new political party – a new favorite has quietly emerged in Washington's power circles: Amazon founder Jeff Bezos.
According to Bloomberg, Bezos has already spoken with Trump twice this month, while Blue Origin’s CEO Dave Limp met with White House Chief of Staff Susie Wiles. The goal? To secure more government contracts and elevate Blue Origin’s position in federal space programs – right as Musk faces threats of losing lucrative deals.

Musk Out, Bezos In
In early June, Musk openly criticized Trump-backed legislation and distanced himself from the current Republican agenda. Trump quickly reacted – pulling support for Musk’s candidate to lead NASA and publicly threatening to end federal deals with Musk's companies.
“The easiest way to save billions in our budget is to cut Elon’s subsidies and contracts,” Trump wrote on Truth Social. “I’ve always been surprised Biden didn’t do it first!”

Musk was once one of Trump’s closest business allies – helping to select transition team members, backing a $250 million super PAC, and supporting Jared Isaacman’s NASA nomination. Now all of that is gone.

Blue Origin Isn't SpaceX Yet – But It Has Big Ambitions
Bezos’ Blue Origin still lags behind Musk’s SpaceX – in both launch count and contracts. SpaceX is planning up to 170 launches in 2025, while Blue Origin has completed only one launch of its New Glenn rocket and delayed a second one. Still, Bezos is pushing forward – both politically and technologically.
Blue Origin aims to land a cargo ship on the Moon this year, and it’s also eyeing roles in Trump’s proposed “Golden Dome” missile defense system and future NASA Mars missions. The company secured $2.4 billion in contracts in April – while SpaceX got $5.9 billion.

Bezos Rebuilding Ties with Trump – and Investing in the Relationship
A few years ago, Bezos and Trump were at odds. Trump accused Bezos of using The Washington Post to attack his presidency and misusing postal services through Amazon. That tension is now fading.
🔹 Jeff blocked the Washington Post from endorsing any political candidates.

🔹 Sources say Trump privately praised Bezos for preventing an editorial supporting Kamala Harris.

🔹 Amazon paid $40 million for a documentary about Melania Trump, with most of that money going directly to her.

🔹 The company donated $1 million to Trump’s 2025 inauguration.

🔹 Bezos even invited Trump to his wedding in Venice.
While Trump declined, the invitation itself was a clear charm offensive. Bezos is steadily replacing Musk as Trump’s go-to billionaire.

Less Drama, More Results
While Musk is entangled in political controversy and facing potential loss of federal support, Bezos is keeping his head down, investing money, making strategic moves, and gaining influence. No drama – just business.
Whether that will be enough for Blue Origin to surpass SpaceX remains uncertain. But when it comes to winning favor in Washington, Jeff Bezos is now leading the race. And that could be more important than any rocket launch.

#TRUMP , #ElonMusk , #SpaceX , #USPolitics , #USGovernment

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Tensions are rising around the U.S. budget. Treasury Secretary Scott Bessent has formally urged Congress to remove Section 899 from President Trump’s latest budget proposal — a controversial clause that could strain foreign investment and rattle financial markets.

🔹 What’s the issue?

Section 899 would allow the U.S. government to impose additional taxes on companies and investors from countries that implement stricter tax policies under international agreements, particularly the OECD’s global tax deal (known as Pillar Two). Originally conceived as a countermeasure to protect U.S. multinationals, Bessent now says it’s no longer necessary.

🔹 Why the concern?

Wall Street is alarmed. Financial giants warn that a retaliatory tax could discourage foreign direct investment and make the U.S. less attractive to global capital. Some even fear it could trigger an outflow of money. And confidence among international investors is already weakening.
Bessent points out that the U.S. has since reached agreements with G7 nations, making the original retaliatory rationale obsolete. The OECD’s Pillar Two — which aimed to impose a 15% global minimum corporate tax — no longer applies to American companies. Therefore, foreign governments cannot use those rules to extract extra taxes from U.S. firms.

🔹 Trump pushed for the tax — Bessent now backpedals

The clause was first proposed during Trump’s initial term as a form of "tax defense" against the EU and OECD’s international tax push. But today, Bessent says the threat is gone and so should be the rule.
“The G7 agreement provides greater certainty and stability for the global economy,” Bessent wrote on X. “It will boost growth and investment both in the United States and abroad.” He called on Congress to strip Section 899 from the “big, beautiful budget.”

🔹 Even Republicans have doubts

Even within Trump’s own party, cracks are appearing. Some GOP lawmakers in the House have expressed concern that the tax is too risky. Bessent’s intervention offers them the political cover they need to back away from the clause.
Trump aims to sign the budget package on July 4th — a symbolic Independence Day win. Republicans are scrambling to finalize the legislation, which includes extensions of the 2017 tax cuts and new benefits for middle-income Americans ahead of the 2026 election season.

🔹 Foreign investors are watching closely

Investors are on edge. Earlier this year, demand for U.S. government debt began to wane — a trend many blame on Trump’s tariff threats and fiscal uncertainty. Section 899 could make things worse.
One of the loudest critics, Jonathan Samford of the Global Business Alliance, said:

“This is what leadership looks like — choosing economic strength over missed opportunity, investment over isolation, and American workers over misguided tax hikes.”

🧠 Summary:

After a diplomatic breakthrough with the G7, the U.S. is walking back its retaliatory tax policy. Bessent’s move could protect market stability and foreign investor trust. Now it’s up to Congress to act before confidence erodes further.

#USCongress , #TaxPolicy , #WallStreetNews , #ScottBessent , #USPolitics

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Tensions are rising at the top of the U.S. central bank. President Trump wants rapid interest rate cuts, while Fed Chair Jerome Powell and most of his team remain cautious.
Back in the White House, President Donald Trump is losing patience. In his view, the Fed is dragging its feet on lowering interest rates—something he believes is essential for the economy and his political agenda. He's even considering replacing Powell this summer. Yet for now, Powell still has the backing of most of his team.

Trump-Appointed Members Shift Tone, While Majority Urges Patience
While most of the 12 voting members of the Federal Open Market Committee (FOMC) prefer to wait for more economic data, two of Trump’s appointees—Michelle Bowman and Christopher Waller—have unexpectedly come out in favor of a rate cut in July.
Bowman in particular shocked markets. Once a strong advocate for higher rates—having even voted against a 0.5% cut last year—her abrupt shift caught many by surprise. Waller echoed her sentiment, saying he also supports a move toward monetary easing. Their remarks pushed the market’s expectations for a July rate cut from 14% to nearly 25%.

Powell and Key Fed Governors Push Back
New York Fed President John Williams was among the first to respond. He said the current rate range of 4.25% to 4.5% remains “entirely appropriate,” stressing the importance of waiting for more data. Other regional Fed leaders followed suit, emphasizing that it's still too early for a move.
Analysts like Kevin Burgett of LHMeyer point out that Bowman and Waller remain outliers. If they vote for a rate cut next month without broader support, it would be the first such split in 32 years.

The Fed Is Divided: Some Want Action, Others Counsel Caution
This internal divide is also reflected in the Fed's projections. Ten voting members support two to three rate cuts this year, while seven prefer to wait until 2026. The divide has become public—and Trump is watching closely.
He may soon announce a replacement for Powell. Potential picks include one of the six remaining Fed governors or an outside candidate, with Adriana Kugler's term ending in January.

Tariff Concerns Deepen the Rift
One major reason Powell is resisting rate cuts is Trump's push for new tariffs. Powell fears these could reignite inflation, undermining the Fed's hard-won progress. Bowman and Waller disagree, saying inflation is falling and that businesses are absorbing the costs without passing them on to consumers.
However, most Fed officials remain skeptical. Williams pointed to a New York Fed survey showing that many companies are passing tariff-related costs directly to customers. Others warn that the impact on prices may not be immediate—especially if businesses stockpiled inventory in anticipation of the tariffs.

Conclusion: Powell Holds the Line – For Now
As the July meeting approaches, the Fed walks a tightrope. Trump demands swift action. Bowman and Waller seem ready. But Powell remains firm—at least until new data suggests otherwise. And for now, the majority of the Fed's board stands with him.

#Fed , #JeromePowell , #FederalReserve , #TRUMP , #USPolitics

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Behind closed doors in the U.S. Congress, a key battle is underway over who will benefit from tax relief in the coming years. A new spending package backed by former President Donald Trump and his Republican allies includes a controversial provision: offering $10.7 billion in tax breaks to private credit funds.
However, this provision was removed from the Senate version of the bill – at least for now.

📉 Tax Relief for Funds, Cuts for Ordinary Americans?
Senator Elizabeth Warren has sharply criticized the proposal, accusing Trump’s team of prioritizing the wealthy over working Americans:
"This is what armies of lobbyists and endless political donations get you: massive tax breaks at the expense of healthcare, education, and food aid for American families. Private credit firms don’t need tax cuts – working people do."

The plan coincides with proposed cuts to Medicaid and SNAP (Supplemental Nutrition Assistance Program). Critics argue that low-income families would bear the brunt of the cost.

📊 Trump’s Bill Would Add Trillions to the National Debt
The Congressional Budget Office (CBO) warned that the proposed tax cuts would increase the U.S. national debt by $2.4 trillion by 2034, with little positive impact on economic growth.
Brandon DeBot from NYU's Tax Law Center summed it up: "This bill takes from the bottom and gives to the top."

🏦 BDC Funds Are Booming – And Want More
Private credit funds, or BDCs (business development companies), have seen a surge in popularity. In 2024 alone, they attracted nearly $44 billion in new capital, a 70% increase compared to last year. Their appeal? High yields and steady cash flows.
Advocates claim tax relief would unlock more capital and help BDCs achieve similar tax treatment to real estate investment trusts (REITs). They point to a precedent from 2017, when REITs won favorable treatment during corporate tax reform by arguing they were unfairly penalized as "pass-through" entities.

⚖️ Blocked in the Senate. But Is This the End?
Though the Senate Finance Committee dropped the provision, lobbying efforts are ongoing. Supporters are reportedly preparing a streamlined version of the proposal to increase its chances of passage.
Some Republicans argue that the tax cuts are needed to boost capital formation amid high interest rates. But opponents warn this is another move toward a tax system that favors the rich — at the expense of the rest of society.

#TRUMP , #USPolitics , #USCongress , #ElizabethWarren , #WallStreet

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🔹 Trump declared in The Hague that Spain will pay double in trade talks

🔹 Madrid rejected NATO's 5% GDP defense spending target, saying it can fulfill commitments without it

🔹 Macron criticizes Trump: "We can't be allies and wage a trade war at the same time"

Donald Trump has once again stirred the international scene—this time with a statement at the NATO summit in The Hague, where he threatened Spain with trade sanctions for rejecting the alliance's new ambitious goal: spending 5% of GDP on defense.
The former U.S. president, who still holds significant influence in American foreign policy, stated:

“Their decision is terrible. We’re negotiating a trade deal with Spain—and we’ll make them pay twice as much.”
The statement raised eyebrows, as Spain, like other EU members, does not conduct individual trade negotiations with the U.S.—these matters are handled by the European Commission on behalf of all 27 member states. Therefore, if Trump truly wanted to impose such a “penalty,” he would have to embed it in a broader trade deal with the entire European Union—something that would almost certainly meet strong resistance, especially in Brussels.

Trump Praises Himself, Says NATO Leaders Call Him “Dad”
Instead of focusing solely on Spain’s refusal, Trump spent much of the summit highlighting his own influence.

“They said: ‘You did it, sir, you did it,’” Trump recalled with a smile, clearly enjoying the attention. Jokingly, he added that NATO Secretary General Mark Rutte called him “dad”—“very lovingly,” he clarified. Standing beside him, Marco Rubio struggled to keep a straight face.
This NATO gathering was notably calmer than those during Trump’s first term, when the alliance was tense over his doubts about Article 5 and collective defense. This time, however, Trump stated:

“NATO is not a scam. I left with respect—these people really love their countries. We’re here to help them protect their nations.”

Macron: Allies Shouldn’t Threaten Each Other with Trade Wars
French President Emmanuel Macron responded sharply to Trump’s remarks. After the summit, he said:

“We cannot, as allies, say that we need to spend more and then wage a trade war at the same time. We must return to what should be the rule among allies—real trade peace.”
Macron was also the only leader to openly criticize Trump for his decision to strike Iran last week.

Trump Compares Iran Strike to Hiroshima, Claims U.S. Destroyed a Nuclear Weapon
At a press conference, Trump declared that the U.S. strike on Iran had been “very, very successful—total destruction” and compared it to the atomic bombings of Hiroshima and Nagasaki.

“We used bunker-busting bombs and destroyed their nuclear weapon. It’s blown up... the birth of a new kingdom,” he said dramatically.
Trump added that U.S. intelligence agencies assessed the strike as highly effective. He accused CNN and The New York Times of “disrespecting” American soldiers through their reporting.

“We hit them so fast they didn’t have time to move,” he claimed.

Trump Meets Zelensky, Says Putin Must End the War
Before stepping on stage, Trump met privately with Ukrainian President Volodymyr Zelensky for nearly an hour. He described Zelensky as “very nice” and praised the courage of the Ukrainian people. When asked whether he would approve more defense aid, Trump answered vaguely: “We’ll see what happens.”
A Ukrainian journalist mentioned her husband is serving in the military. Trump responded directly:

“Vladimir Putin really must end this war.”
At the end of the press conference, Trump was asked why he believed the latest ceasefire between Iran and Israel would last. He answered simply:

“They’re both tired, exhausted. Both were happy to go home and walk away.”

🔻 Summary
Once again, Trump stirs the waters of international diplomacy—this time with threats against Spain, dramatic praise of NATO, and bold declarations about Iran. While some European leaders seek calm and unity, Trump continues his signature blend of bravado and controversy.

#TRUMP , #Zelenskyy , #Geopolitics , #TradeWars , #USPolitics

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The U.S. Senate is preparing to unveil the long-anticipated CLARITY Act, a bill focused on regulating the digital asset market, before the August recess. The vote on the legislation is expected to take place no later than September 30.
This was confirmed during a Thursday press conference by Senators Tim Scott, Cynthia Lummis, and crypto policy advisor Bo Hines. The main goal is to establish a clear regulatory framework for how digital assets like cryptocurrencies and tokens operate in the U.S.

🔹 CLARITY Act to Serve as a Foundation for Crypto Regulation
Senator Tim Scott, head of the Senate Banking Committee, announced that the bill would be published during the summer, with a vote planned for September. His colleague, Senator Cynthia Lummis – known for her long-time involvement in digital asset policy – backed the timeline and confirmed that the committee is working to stay on track.
The CLARITY Act is expected to provide a legal framework for regulating digital assets and will complement the GENIUS Act, a stablecoin bill that the Senate has already approved.

🔹 Senate Pushes House to Approve GENIUS Act Without Amendments
Senators also urged the House of Representatives to pass the GENIUS Act without delay and without changes. The act, which focuses on stablecoin rules, has already passed in the Senate. According to Bo Hines, the act is a top priority for President Donald Trump, who wants it signed into law as soon as possible.
“President wants the GENIUS Act on his desk immediately,” Scott stated. Hines added that the administration prefers a clean passage of the bill with no additional amendments from the House.
However, French Hill, chair of the House Financial Services Committee, has not committed to a timeline. He said the House may need time to reconcile its own stablecoin draft with the GENIUS Act, potentially delaying progress on both fronts.

🔹 House Bill Serves as a Blueprint for Senate’s Version
Despite delays in the House, Senator Scott praised its earlier draft of a market structure bill, calling it “an excellent model” for the Senate’s own version. The CLARITY Act will aim to mirror similar goals and build on a framework already discussed by both chambers.
“We’re one team,” Scott emphasized, calling for unified efforts in developing crypto legislation.

🔹 U.S. Plans for Strategic Bitcoin Reserve
Bo Hines also confirmed that the administration is actively working on infrastructure to create a U.S. strategic reserve of Bitcoin. The plan is to acquire BTC without impacting the national budget, describing Bitcoin as “digital gold.”
Although Trump’s March executive order does not require the Treasury Department to report on government-held BTC, Hines said the administration may still release such data voluntarily for transparency.

📌 Summary
The Senate has set a clear goal: to publish the CLARITY Act this summer and pass it by the end of September. At the same time, it is pressing the House to fast-track the GENIUS Act without changes. Whether both chambers can coordinate and deliver a unified framework for digital assets will be determined in the coming weeks.

#crypto , #Regulation , #DigitalAssets , #USPolitics , #CryptoNews

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🔹 The U.S. Treasury extends accounting maneuvers to avoid default

🔹 Court rulings on Trump-era tariffs could accelerate the debt crisis

🔹 Washington signals possible end to the 'revenge tax' amid global tax talks

The U.S. Treasury Department announced it will continue using emergency accounting measures to avoid breaching the debt ceiling, extending them through July 24, 2025. This gives lawmakers more time to reach a solution and avoid a potential national default.
Treasury Secretary Scott Bessent urged Congress to act without delay, warning that pending court rulings on Trump-era tariffs could push the U.S. closer to a financial breaking point, known as “X-date”—the moment when the government can no longer meet its financial obligations.

Emergency Measures Buy Time but Not a Solution
The Treasury confirmed that it is extending the period during which it can use “extraordinary accounting measures”—temporary tactics like suspending investments in federal programs or reallocating funds across government accounts—to stay under the statutory debt limit.
Bessent sent a formal letter to House Speaker Mike Johnson and other key congressional leaders, calling on them to act before the upcoming August recess. While these temporary steps help avoid an immediate crisis, Bessent emphasized they do not fix the root problem: the need to raise or suspend the debt ceiling.
Failing to act, he warned, could damage investor confidence and hurt the U.S. credit rating, with serious repercussions not only for the national economy but for global markets as well.

GOP Divisions Delay Action as Debt Threat Looms
Pressure is mounting on Republican lawmakers, who have so far failed to finalize a major tax and spending package due to internal disagreements over funding priorities.
If they don’t reach a deal soon, the Treasury could run out of options to keep paying bills without breaching the debt ceiling. The longer Congress delays, the higher the risk of market volatility, investor panic, and public distrust.

Court Rulings on Tariffs Could Shake Government Revenues
Adding to the uncertainty are ongoing legal challenges to Trump-era tariffs. These tariffs have generated $23 billion in revenue, which has helped bolster the Treasury’s cash reserves during this debt-restricted period.
However, a recent ruling from the U.S. Court of International Trade declared that some of these tariffs exceed presidential authority and lack a legal basis. If the Treasury is forced to stop collecting or even refund certain tariffs, the government could lose a key revenue stream at a critical time.
Such a development could move the X-date up by weeks, giving Congress significantly less time to act than current projections suggest.

Treasury Suggests End to 'Revenge Tax' Amid OECD Tax Progress
In a separate development, the Treasury is signaling that it may soon eliminate the controversial "revenge tax", as OECD-led global tax talks show real progress. Deputy Treasury Secretary Michael Faulkender stated that an international agreement may render the U.S. Section 899 provision—aimed at countries with digital service taxes—unnecessary.
Section 899, introduced under the Trump administration, is widely seen as a retaliatory measure. It would impose tax penalties on investors and firms in countries that the U.S. believes are discriminating against American tech giants like Google, Apple, and Amazon with digital taxes.
Countries such as France, Canada, and the United Kingdom have enacted such digital taxes. If a global agreement is reached, the U.S. may drop these retaliatory threats, potentially easing transatlantic tensions.

🔻 Summary
The U.S. Treasury is buying time—but market patience is limited. By extending emergency measures, it gives Congress breathing room, but pressure is mounting fast. If courts, tariffs, or political inaction converge, the U.S. could face a default crisis within weeks. Decisions made in the coming days could prove critical.

#USPolitics , #TRUMP , #Tariffs , #TradeWars , #tax

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Former U.S. Treasury Secretary Steven Mnuchin shared an optimistic outlook on monetary policy during his appearance on CNBC. He expects the Federal Reserve to cut interest rates by 75 to 100 basis points over the next 12 months, stating that markets have already priced in this scenario.

🔹 Fed Taking a Cautious But Clear Path
Mnuchin praised Fed Chair Jerome Powell’s cautious and patient approach. “Inflation, once considered transitory, has shown lasting effects. Powell recognizes this but also sees that conditions now allow for rate cuts,” Mnuchin explained. He believes the rate reductions will be gradual and are already reflected in asset prices.
If there are no major economic surprises, Mnuchin predicts interest rates could decline by a full percentage point.

🔹 Trump Preparing Trade Deals, Tariff Delays Possible
Mnuchin, who handled financial policy during the Trump administration, also revealed that the former president is preparing to announce new trade agreements. He mentioned ongoing negotiations with countries such as China, India, and Japan and suggested that July’s planned tariff hikes could be postponed if progress is made.
“So far, the imposed tariffs haven’t raised inflation. That supports market expectations for lower interest rates,” he added.

🔹 TikTok Deal Likely Without Full Sale
Mnuchin also addressed the ongoing TikTok situation, predicting a solution that doesn't involve a full sale of the platform. Instead, he foresees the involvement of new investors who would reshape the company’s ownership in cooperation with Chinese parent ByteDance. He mentioned that his own investment interests are currently inactive.

🔹 Bond Yields Unlikely to Fall Below 4%
Mnuchin said it's unlikely that yields on 10-year U.S. Treasury bonds will fall below 4%. A decline to the 4.0–4.25% range is possible, aligning with a scenario of gradual monetary easing without drastic policy shifts.
He also reassured that a significant economic slowdown is not expected, and that markets are already reacting to this outlook.

🔹 Tax Cuts and the Need for Growth
Mnuchin emphasized that a major tax package pending in the Senate will be critical for markets. He strongly supports extending the Trump-era tax cuts, calling them essential for economic health.
While acknowledging that long-term debt and deficits pose a serious challenge, Mnuchin believes that if GDP growth stays around 3%, the situation can be managed without drastic spending cuts. However, if growth slows, budget cuts will become inevitable, he warned.

#Fed , #economy , #usa , #USPolitics , #FederalReserve

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The United States is facing a serious fiscal challenge: in May 2025, the federal deficit soared to $316 billion, making it the third-largest monthly shortfall in U.S. history. Although April saw a brief surplus due to tax inflows, May's spending once again tipped the scales, placing renewed pressure on public finances.

💸 Annual Deficit Already Surpasses $1.36 Trillion
For the first eight months of the 2025 fiscal year, the cumulative deficit has reached $1.36 trillion, up 14% year-over-year. The U.S. Treasury Department also reported that in May alone, the government paid $92 billion in interest – more than any category except Medicare and Social Security.
With the total U.S. debt now at $36.2 trillion, interest payments have already hit $776 billion this fiscal year and are on track to exceed $1.2 trillion by year-end.

📈 Tariff Revenue Helps – But Not Enough
While tax revenues rose by 15% in May, government spending increased even faster – up 2% month-over-month and 8% compared to last year. Tariffs gave a temporary boost: following President Donald Trump’s "Liberation Day" initiative in April, the government collected $23 billion from tariffs in May, up from just $6 billion a year earlier. For the year, tariffs have brought in $86 billion, a 59% increase.
Trump’s new trade policy has helped revenues, but not enough to offset soaring costs.

⚠️ Wall Street Raises the Alarm
Despite revenue growth, the fiscal outlook remains concerning. 10-year Treasury yields are hovering around 4.4%, roughly unchanged from last year but still painfully high for a government borrowing trillions.
Top Wall Street figures – Jamie Dimon (JPMorgan), Larry Fink (BlackRock), and Ray Dalio (Bridgewater) – have all voiced serious concerns about the growing debt burden. The U.S. deficit now accounts for over 6% of GDP, a level rarely seen outside of wartime or global crises.

#usa , #USPolitics , #FederalReserve , #TRUMP , #Tariffs

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🔹 Donald Trump is back in the White House – and with him come growing fears among European politicians that the U.S. president now holds real power to paralyze the continent’s digital lifelines.

🔹 Most of Europe’s digital infrastructure runs on American cloud services – and Washington could shut them down at any time.

🔹 Microsoft, Amazon, and Google are trying to reassure the public, but even they admit that if a direct order comes from the White House, resisting it will be nearly impossible.

Europe Under American Digital Control
European servers, government emails, banking systems, crypto exchange data – all of this flows through cloud services run by American companies like Amazon, Microsoft, and Google. Together, these three giants control over two-thirds of the European cloud market. And whoever controls them, controls Europe's digital heartbeat.
Right now, that person is Donald Trump – a president who has never hidden his willingness to use power assertively. For many in Europe, this is a wake-up call.

Could Washington Really Pull the Plug?
Since Trump returned to office, European lawmakers have raised the alarm. They say it’s no longer unthinkable that the U.S. government could issue a direct order to suspend cloud services or block access to data – and that American companies would have no choice but to comply.
German MEP Matthias Ecke warns that Europe can no longer rely blindly on its American partners. He points to Trump’s well-known impulsiveness as a serious risk that could lead to sudden and damaging decisions.

It’s Already Happening
This isn’t just a theoretical threat – it’s already begun. In May, the chief prosecutor of the International Criminal Court, Karim Khan, lost access to his Microsoft-hosted email after the U.S. sanctioned him for issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu. Although Microsoft claims it never suspended services to the ICC, trust has clearly been shaken.
Former Meta lobbyist and current MEP Aura Salla commented: “U.S. companies naturally have to obey U.S. law. That means Europeans can’t rely on the stability and security of American-run systems.”

Europe Held Hostage?
Benjamin Revcolevschi, CEO of French cloud firm OVHcloud, likened the situation to a faucet: “Cloud is like a tap. What happens when someone decides to shut it off?” And right now, that tap is controlled from Washington.
Austrian tech leader Alexander Windbichler adds, “I never thought the U.S. would threaten to take Greenland. This is even crazier than shutting down the cloud.”

Is Europe’s Response Too Little, Too Late?
The European Commission is now scrambling for solutions. One idea is a trust label for cloud services that guarantees immunity from foreign government interference. But the plan is stalled – France supports it, while countries like the Netherlands are still hesitant to detach from American providers.
It’s becoming harder to ignore the risk. Documents revealed that the U.S. State Department began pressuring the European Commission as early as September 2023. The Commission’s tech department refused to publish their exchanges, saying it would "undermine relations" between the U.S. and EU. The lobbying continues.

EuroStack – A Path to European Digital Sovereignty
One long-term plan is called EuroStack – a €300 billion project to build a fully European digital infrastructure, from physical servers to software. The goal: complete independence from American cloud control.
The initiative is built on three pillars: “Buy European,” “Sell European,” and “Fund European.” It includes proposals for massive investment, government quotas for local tech firms, and a sovereign tech investment fund.
But Jörg Kukies, former German finance minister, warned that while the urgency is real, alternatives to U.S. services are still far too limited: “There just aren’t enough viable options yet.”

In Summary
Europe may be waking up too late to the reality of its digital dependence on the U.S. With Trump back in power, the threat of digital blackmail is no longer science fiction. And while lawmakers scramble to find a solution, full sovereignty remains a distant goal.

#TRUMP , #DonaldTrump , #USPolitics , #Geopolitics , #CyberSecurity

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У травні 2025 року сенатор-демократ Адам Шифф вніс законопроєкт, який забороняє державним службовцям США випускати, підтримувати чи інвестувати в криптовалютні активи. Ініціатива, названа «Законом про припинення криптокорупції — 2025», спрямована на запобігання конфлікту інтересів серед високопосадовців, зокрема президента, віцепрезидента, членів Конгресу та їхніх сімей. Законопроєкт також стосується співробітників виконавчої влади, включно з Ілоном Маском, який очолює Департамент державної ефективності.
За словами Шиффа, криптовалюти, як-от мемкойн $TRUMP , можуть використовуватися для незаконного збагачення посадовців. Законопроєкт викликав дискусії: республіканці, зокрема сенаторка Синтія Ламміс, пропонують співпрацю для створення збалансованого регулювання. Критики вважають, що заборона може обмежити інновації в криптоіндустрії.
Попри регуляторний тиск, ринок криптовалют відновлюється: $BTC наближається до $105 000, а капіталізація $XRP становить $125,53 млрд. Для захисту активів користувачам рекомендують апаратні гаманці. Слідкуйте за новинами крипторинку, підписавшись на #MiningUpdates
!#CryptoRegulation #USPolitics #bitcoin #blockchain #AntiCorruption

📉 The Federal Reserve has taken an unexpected step toward embracing the crypto sector. It has officially removed the concept of “reputational risk” from its bank evaluation framework, meaning financial institutions will no longer be penalized for working with controversial industries — such as crypto — as long as the activity is legal.

Fed Gives Banks the Green Light to Work with Crypto Without Image Concerns
The term “reputational risk” has long been criticized by banks for being vague and subjective. Many claimed regulators abused it to justify interfering with legal business partnerships — especially in crypto.
Now, the Fed has reversed course. In a new statement, it announced that all references to reputational risk will be deleted from internal guidance and supervisory manuals. Inspectors will instead focus on clear financial risks like liquidity, credit exposure, and operational systems.
In effect, banks will no longer be judged based on how something might look to the public if it is lawful and profitable. This aligns the Fed with agencies like the FDIC and OCC, which already removed similar rules.

Trump Pressures Fed: Cut Rates or Face the Blame
This change comes as the central bank faces intense political pressure. President Donald Trump, now back in the White House, has ramped up public attacks on Fed Chair Jerome Powell, calling him a "total and complete idiot" on social media last week.
Behind the insults lies a clear demand: slash interest rates from 4.3% to 1–2% to ease the burden of servicing national debt. Trump warned that if Powell refuses, he’ll blame him for any economic downturn.

Internal Division at the Fed, Congress Demands Answers
Jerome Powell responded:
“From our perspective, it’s simple — we want a stable U.S. economy.”

On Tuesday, Powell is set to testify before Congress, where lawmakers are expected to grill him about crypto-related rule changes and the political pressure from Trump.
Meanwhile, signs of a rift are emerging within the Fed. So far, only two officials — both appointed by Trump — have expressed support for cutting rates in July. One of them, Michelle Bowman, stated on Monday that rising unemployment worries her more than inflation — a notable shift from the usual focus on price stability.

Trump Eyes Powell’s Successor, but Faces Legal Barriers
Powell’s term ends in less than a year. Trump would like to replace him sooner, but the Supreme Court recently blocked the president’s ability to remove federal commissioners at will, effectively shielding Powell — for now.
Instead, Trump is considering a different move: announcing Powell’s successor early. This would create a “shadow chair” who could begin to undermine Powell’s authority in real time. But this plan carries risks. A candidate seen as too loyal to Trump may lose credibility with markets and Fed officials.

Conclusion: Fed Caught Between Crypto Reforms and Political Fire
While the Fed’s move marks a major step toward regulatory relief for banks working with crypto, it finds itself caught between two powerful forces — institutional stability and a president unafraid to wage public battles with the central bank.

#Fed ,#TRUMP , #DigitalAssets , #USPolitics , #JeromePowell

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Trump tiene el interruptor de Internet de Europa – Y podría activarlo en cualquier momento
🔹 Donald Trump está de vuelta en la Casa Blanca – y con él llegan temores crecientes entre los políticos europeos de que el presidente de EE. UU. ahora tiene el poder real para paralizar las vías digitales del continente.
🔹 La mayor parte de la infraestructura digital de Europa funciona con servicios en la nube estadounidenses – y Washington podría cerrarlos en cualquier momento.
🔹 Microsoft, Amazon y Google están tratando de tranquilizar al público, pero incluso ellos admiten que si llega una orden directa de la Casa Blanca, resistirla será casi imposible.
Europa bajo control digital estadounidense
Servidores europeos, correos electrónicos gubernamentales, sistemas bancarios, datos de intercambios de criptomonedas – todo esto fluye a través de servicios en la nube administrados por empresas estadounidenses como Amazon, Microsoft y Google. Juntos, estos tres gigantes controlan más de dos tercios del mercado de la nube europea. Y quien los controla, controla el latido digital de Europa.
En este momento, esa persona es Donald Trump – un presidente que nunca ha ocultado su disposición a usar el poder de manera asertiva. Para muchos en Europa, esta es una llamada de atención.
¿Podría Washington realmente desconectar?
Desde que Trump volvió al poder, los legisladores europeos han sonado la alarma. Dicen que ya no es impensable que el gobierno de EE. UU. pueda emitir una orden directa para suspender servicios en la nube o bloquear el acceso a datos – y que las empresas estadounidenses no tendrían más opción que cumplir.
El eurodiputado alemán Matthias Ecke advierte que Europa ya no puede confiar ciegamente en sus socios estadounidenses. Señala la conocida impulsividad de Trump como un riesgo serio que podría llevar a decisiones súbitas y dañinas.
Ya está sucediendo
Esta no es solo una amenaza teórica – ya ha comenzado. En mayo, el fiscal jefe de la Corte Penal Internacional, Karim Khan, perdió el acceso a su correo electrónico alojado en Microsoft después de que EE. UU. lo sancionara por emitir órdenes de arresto para el primer ministro israelí Benjamin Netanyahu. Aunque Microsoft afirma que nunca suspendió los servicios a la CPI, la confianza claramente ha sido sacudida.
La exlobbista de Meta y actual eurodiputada Aura Salla comentó: “Las empresas estadounidenses naturalmente tienen que obedecer la ley de EE. UU. Eso significa que los europeos no pueden confiar en la estabilidad y seguridad de los sistemas administrados por estadounidenses.”
¿Europa secuestrada?
Benjamin Revcolevschi, CEO de la empresa francesa de nube OVHcloud, comparó la situación con un grifo: “La nube es como un grifo. ¿Qué pasa cuando alguien decide cerrarlo?” Y en este momento, ese grifo está controlado desde Washington.
El líder tecnológico austriaco Alexander Windbichler añade, “Nunca pensé que EE. UU. amenazaría con tomar Groenlandia. Esto es incluso más loco que cerrar la nube.”
¿Es la respuesta de Europa demasiado poco y demasiado tarde?
La Comisión Europea ahora está buscando soluciones. Una idea es una etiqueta de confianza para los servicios en la nube que garantice inmunidad de la interferencia del gobierno extranjero. Pero el plan está estancado – Francia lo apoya, mientras que países como los Países Bajos aún son reacios a desvincularse de los proveedores estadounidenses.
Se está volviendo más difícil ignorar el riesgo. Documentos revelaron que el Departamento de Estado de EE. UU. comenzó a presionar a la Comisión Europea ya en septiembre de 2023. El departamento tecnológico de la Comisión se negó a publicar sus intercambios, diciendo que esto "socavaría las relaciones" entre EE. UU. y la UE. El cabildeo continúa.
EuroStack – Un camino hacia la soberanía digital europea
Un plan a largo plazo se llama EuroStack – un proyecto de 300 mil millones de euros para construir una infraestructura digital completamente europea, desde servidores físicos hasta software. El objetivo: completa independencia del control de la nube estadounidense.
La iniciativa se basa en tres pilares: “Comprar europeo”, “Vender europeo” y “Financiar europeo.” Incluye propuestas para inversiones masivas, cuotas gubernamentales para empresas tecnológicas locales y un fondo de inversión tecnológica soberano.
Pero Jörg Kukies, exministro de Finanzas de Alemania, advirtió que aunque la urgencia es real, las alternativas a los servicios de EE. UU. todavía son demasiado limitadas: “Simplemente no hay suficientes opciones viables todavía.”
En resumen
Europa puede estar despertando demasiado tarde a la realidad de su dependencia digital de EE. UU. Con Trump de vuelta en el poder, la amenaza del chantaje digital ya no es ciencia ficción. Y mientras los legisladores se apresuran a encontrar una solución, la soberanía total sigue siendo un objetivo distante.
#TRUMP , #DonaldTrump , #USPolitics , #Geopolitics , #CyberSecurity
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Aviso:
,,La información y las opiniones presentadas en este artículo son únicamente para fines educativos y no deben tomarse como asesoramiento de inversión en ninguna situación. El contenido de estas páginas no debe considerarse como asesoramiento financiero, de inversión o de cualquier otra forma. Advertimos que invertir en criptomonedas puede ser arriesgado y puede llevar a pérdidas financieras.“

Things are heating up in the U.S. Congress once again. The debate over regulating artificial intelligence is dividing lawmakers, and the entire budget proposal may be at risk. Last week, Republican Marsha Blackburn reaffirmed her stance: "We don’t need a moratorium that stops states from protecting their own citizens."

🔹 Conservatives Threaten to Sink Budget Over AI Clause

Tensions flared on Capitol Hill as conservative Republicans, led by Rep. Marjorie Taylor Greene and members of the Freedom Caucus, made it clear they would oppose the bill if it includes a ten-year ban on new state-level AI legislation. Greene warned she would lead a public campaign against it if that language is not removed.

🔹 Tech Industry Cheers – Delay Plays in Their Favor

This controversial provision benefits major tech companies that are seeking to delay over twenty proposed state laws aimed at AI safety across the country. A moratorium would buy them time and reduce the patchwork of state regulations they would otherwise face.

🔹 Republicans Leverage Senate Budget Rules

Thanks to budget reconciliation rules, Republicans can push through a tax and spending plan without Democratic support – bypassing the threat of a filibuster.
The current Senate version of the bill would withhold federal broadband funding from states that attempt to enforce their own AI rules. This has drawn sharp criticism from some Democrats.

🔹 AI Moratorium Could Still Be Removed by Simple Majority

The moratorium on state AI regulation can still be challenged and removed in the Senate with a simple majority vote, avoiding more complex legislative procedures.
Democrats cite a ruling from Senate Parliamentarian Elizabeth MacDonough, who reportedly rejected other proposals as incompatible with budget rules – such as requiring states to match food stamp funding or forcing citizens suing the federal government to post large cash bonds.

🔹 Crucial Week Ahead Before July 4th

With Independence Day approaching, Senate leaders plan to hold a vote on the spending package this week. Behind closed doors, bipartisan staffers continue to negotiate the final language. Senate Budget Committee Democrats occasionally release brief public updates, but most of the key details remain under wraps.

Summary:

While tech companies breathe a sigh of relief over delayed AI regulations, Congress is on the brink of a budget clash. Conservative Republicans are gearing up for a confrontation, and the outcome could reshape not only AI legislation but also infrastructure funding nationwide.

#TRUMP , #AI , #USPolitics , #Regulation ,#ArtificialInteligence

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“