After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one.
Category: Regulation and Deregulation of Industry
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U.S. Proposes Steep Tariffs on Critical E.V. Battery Material
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
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F.D.A. Approves Juul Vapes After Yearslong Delay
The company was accused of marketing its products to teenagers, causing a surge in use.
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Here’s How Congress Is Wading Into Crypto Regulation
The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures is about to clear Congress and become law.
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Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
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Wall St. Firms Are Buying Utilities to Tap Into the A.I. Boom
Consumer groups say proposals by BlackRock and Blackstone to buy energy companies in Minnesota, New Mexico and Texas could hurt residents.
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Congress Was Supposed to Vote on 3 Crypto Bills This Week
The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
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Trump Has Penned Letter To Fire Fed Chair Jerome Powell
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
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Nvidia C.E.O. Treads Carefully in Beijing
Jensen Huang, the chipmaker’s chief executive, is trying to balance his company’s interests as the United States and China compete for supremacy in artificial intelligence.
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China Is Spending Billions to Become an A.I. Superpower
Beijing is taking an industrial policy approach to help its A.I. companies close the gap with those in the United States.
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Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight
The C.E.O. of JPMorgan Chase, who has rarely taken on President Trump during his second term, wades into the argument over the Federal Reserve chair.
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Trump Administration Will Limit Medicare Spending on Pricey Bandages
In an about-face, the administration is cracking down on so-called skin substitutes, overused treatments that cost Medicare more than $10 billion last year.