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President Trump announced his agreement with Senator Elizabeth Warren on completely eliminating the debt ceiling to avoid the risk of a severe economic crisis He said the debt ceiling is a dangerous tool if placed in the hands of politicians who might exploit it as the consequences could impact not only the United States but the entire world Trump also supported Senator Warren’s second proposal for a 4 trillion USD spending package but emphasized that the plan should be rolled out gradually in the shortest time possible He called on both Republicans and Democrats to take action together “Let’s do this together”$BTC BRRR…. 🖨️💵💵💵
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California moves closer to accepting crypto payments The state of California has taken a major step toward embracing financial technology as Assembly Bill AB 1180 was passed unanimously in the State Assembly with a 68 0 vote The bill allows state agencies in California to collect fees and process transactions using crypto under the Digital Financial Assets Law DFAL The agency responsible for implementation is the Department of Financial Protection and Innovation DFPI which oversees financial activities protects consumers and promotes responsible innovation Individuals and businesses involved in crypto in California will be required to register and obtain a license from this agency If approved by the Senate and signed into law by Governor Gavin Newsom the bill will take effect on July 1 2026 with a pilot program running through January 1 2031 If implemented California will become one of the pioneering states along with Florida Colorado and Louisiana to accept crypto as an official payment method for public services$BTC
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Elon Musk calls for action Call your Senator Call your Representative Bankrupting America is unacceptable Stop this bill now He believes a new spending bill should be drafted that does not worsen the deficit and does not raise the debt ceiling by another 5 trillion USD Elon Musk also supports a proposal to ban all sitting members of Congress from seeking re election if the budget deficit exceeds 3 percent of US GDP Currently Elon Musk is publicly opposing and trying to take down the budget bill supported by President Trump#MyCOSTrade
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President Trump said he spoke with President Putin for over an hour about Ukraine’s attack on parked Russian aircraft Putin warned of a strong retaliation Trump said that although the conversation was constructive it did not lead to peace. $BTC
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SEC Commissioner Hester Pierce spoke out about the controversial decision made by the SEC in February when the agency stated that meme tokens are generally not considered securities The announcement came at the same time as President Trump and his wife launched their own meme token raising public concerns about possible political connections Commissioner Pierce explained that since meme coins are attracting significant attention the SEC needed to make a clear statement She emphasized that investors should not expect protection from the SEC in this area because memecoins are not classified as securities$TRUMP $m
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