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Trump Says GOP Crypto Dispute Resolved After Meeting
House Republican leaders’ plan to pass three industry-backed crypto regulatory measures appeared to be back on course Tuesday night after President Donald Trump said he had convinced holdout conservatives to move forward with the legislation. A faction of Republican hardliners had demanded changes to a Senate-passed stablecoin regulation bill and joined with Democrats to defeat a procedural step needed to begin consideration of the crypto bills. The loss disrupted a planned legislative press Trump had promoted as “Crypto Week.” As talks with the dissidents dragged on, House leaders informed lawmakers no further ... (full story)
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From @DBNewswire|Jul 16, 2025|360 comments*LAWMAKERS SAY TRUMP INDICATED HE WILL FIRE FED CHAIR POWELL: CBS *TRUMP ASKED GOP LAWMAKERS ABOUT FIRING FED CHAIR POWELL: CBS
Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell, sources say President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval, according to multiple sources with direct knowledge. Several said Mr. Trump indicated he will do it. Mr. Trump made the comments to the Republican House members in the Oval Office on Tuesday night, after they blocked a procedural vote that would have advanced cryptocurrency legislation in the House favored by Mr. Trump. The idea of a president removing a Fed chair is legally untested – federal law says the chair can only be fired "for cause." The action could have serious negative effects on financial markets. Sources inside the administration told CBS News the president has been socializing the possibility of a for-cause firing in public and private remarks, but the White House has not yet formally built a legal predicate. The Trump administration has tried to increase the pressure on Powell, with some administration officials publicly accusing the Fed of mismanaging a multibillion-dollar project to renovate its Washington headquarters — an allegation Powell has pushed back on.
From @LiveSquawk|Jul 16, 2025|154 commentsWH Official: Trump Likely To Fire Fed Chair Powell Soon, No Exact Timeline For Decision - Trump Spoke To Lawmakers On Tuesday About Decision
Trump Likely to Fire Powell Soon, White House Official Says President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night. While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation. The president has repeatedly expressed frustration over the central bank’s decision to hold interest rates steady, and administration officials have confirmed in recent days that the process to select a successor to Powell — whose term as chair isn’t set to expire until May 2026 — is underway.
From @LiveSquawk|Jul 16, 2025|225 commentsTrump Has Drafted Letter To Fire Fed Chair And Asked Republicans If He Should - @nytimes https://t.co/BAEqJc32kR
