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China has 'genius' stablecoin plan to challenge U.S.
On July 18, President Donald Trump signed the GENIUS Act into law. The first major crypto legislation to become a law, it regulates stablecoins pegged to the U.S. dollar. For those unfamiliar, a stablecoin is a type of cryptocurrency that strives to keep its value stable, in comparison to usually volatile cryptocurrencies like Bitcoin, by being pegged to a fiat currency or a commodity. Trump believes his latest move would encourage the global adoption of the USD-pegged stablecoins and hence cement the dominance of the American national currency in international trade. The president's enthusiasm is understandable, ... (full story)
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From @financialjuice|Aug 7, 2025|12 commentsTrump on India tariff: No talk until we get things resolved.
From cnbc.com|Aug 7, 2025|12 commentsPresident Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, ...
From @realDonaldTrump|Aug 7, 2025|18 comments
It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026. In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!
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