Summary of Last Night's and This Morning's News

🟢 India applies a 0% tax rate on pharmaceuticals, steel, and auto parts from the United States.

🟢 President Trump announces a 100% tax on all films produced outside the United States.

🟢 U.S. Treasury Secretary Scott Bessent stated that President Donald Trump's tariff policies, tax cuts, and regulatory rollbacks are coordinated strategies to promote long-term investment in the U.S. economy.

🟢 Secretary Bessent further stated that the U.S. must lead in AI and quantum technology as China is rapidly closing the gap.

🟢 The SEC has just announced the agenda and list of speakers for the panel discussion on tokenization on May 12, featuring key financial leaders in the industry, while the panel discussion on DeFi has been rescheduled to June 9.

🟢 U.S. SEC Commissioner Hester Peirce stated that tokenization is a technology that could significantly transform financial markets.

🟢 Ripple commits $25 million in $RLUSD to support U.S. classrooms and teachers.

🟢 CZ has proposed that Kyrgyzstan adopt $BTC & $BNB as assets for the national cryptocurrency reserve after participating in the country’s national cryptocurrency committee.

🟢 A gold-backed stablecoin pegged to the Kyrgyzstani dollar $USDKG will launch in Q3, supported by $500 million worth of gold with plans to expand reserves up to $2 billion.