Varisha

@varisha

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The U.S. Department of Justice has dissolved its National Cryptocurrency Enforcement Team (NCET), signaling a significant policy shift under President Donald Trump's administration. The DOJ will now focus on prosecuting individuals using digital assets for serious crimes, such as terrorism and organized crime, rather than pursuing regulatory enforcement actions against crypto firms

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New York Attorney General Letitia James has urged Congress to establish comprehensive federal regulations for cryptocurrencies. She advocates for mandatory registration of crypto companies and minimum standards for token listings to protect investors from fraud.

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I just won 3176.14 $CREATE from Warpslot. Spin for free today!

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India has successfully boosted its smartphone production, particularly for iPhones, due to the global shift in low-cost manufacturing away from China. However, this favorable position may not last, as other nations like Brazil, Saudi Arabia, and Singapore have become more competitive due to their favorable trade terms. Industry experts stress the urgent need for India to negotiate trade agreements, particularly with the U.S., to maintain its competitive edge.

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Tens of thousands protested across the U.S. and Europe in reaction to President Donald Trump's tariff policies, which have triggered a global economic downturn and fears of an impending trade war. The stock market has seen significant losses, with analysts estimating $8 trillion wiped from global indices

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PayPal has broadened its crypto services to include Chainlink and Solana tokens, allowing users on PayPal and Venmo platforms to buy, sell, and hold these cryptocurrencies.

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Coinbase Re-enters Indian Market: Coinbase, a major U.S.-based cryptocurrency exchange, has registered with India's Financial Intelligence Unit (FIU), allowing it to offer crypto trading services in the country. This move reflects a shift in India's regulatory stance towards digital currencies, influenced by global trends and policy changes in the United States.

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Bitcoin's price fell below $82,000 following President Donald Trump's announcement of new tariffs, leading to a broader sell-off in riskier assets. Crypto-related stocks, including those of exchanges and mining companies, also experienced declines.

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Bitcoin Policy Institute Proposes 'BitBonds' to Address U.S. Debt Crisis: The Bitcoin Policy Institute has unveiled an innovative proposal to tackle the United States' fiscal challenges through the issuance of 'BitBonds.' This approach aims to leverage blockchain technology to create new financial instruments for debt management.

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FDIC Rescinds Crypto Banking Guidance: The Federal Deposit Insurance Corporation (FDIC) announced that banks no longer need prior approval to engage in cryptocurrency-related activities, such as holding digital assets or partnering with crypto companies. This marks a significant policy reversal from the cautionary stance adopted two years ago.

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Fidelity Investments is preparing to launch its own stablecoin as part of its expansion into digital assets. The token is intended for use in cryptocurrency markets and will be managed by Fidelity's digital assets division. This initiative coincides with the U.S. government's efforts to establish a comprehensive regulatory framework for cryptocurrencies.

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SEC Commissioner Hester Peirce has advocated for a more precise and practical approach to cryptocurrency regulation, criticizing the historical reliance on enforcement over clear policy. Peirce emphasizes the need for tailored regulations that address the unique challenges of digital assets.

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Stablecoin Supply Reaches New Heights The supply of stablecoins on the Ethereum network has reached an all-time high of $132.4 billion. This surge indicates increased liquidity and could signal bullish sentiment for ETH, as more traders and investors utilize these stablecoins for transactions and trading activities.

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