Commerce Secretary Howard Lutnick indicated a decision on the newly imposed 25% tariffs on Canada and Mexico is expected soon, suggesting potential exemptions for some products. President Trump has not signaled plans to reverse these tariffs or the additional 10% tax on Chinese goods, which have already impacted financial markets. In a recent speech, Trump acknowledged the likelihood of higher consumer prices due to these tariffs, stating, “There will be little disturbance.”
about Trump Tariffs Impact Markets as Compromise Talks with Canada and Mexico BeginGrupo Televisa, S.A.B.
0 in Finance and 0 in Crypto last weekSEC Declares Memecoins as Collectibles Not Securities
The U.S. Securities and Exchange Commission (SEC) has declared that memecoins are more akin to collectibles than securities, as they lack significant use or functionality. This stance, echoed by Commissioner Hester Peirce, emphasizes that while investors should conduct their own due diligence, the SEC may still intervene if memecoins are used to circumvent securities laws. For more details, visit [SEC](https://www.sec.gov) and [Bloomberg](https://www.bloomberg.com).
about SEC Declares Memecoins as Collectibles Not SecuritiesRobinhood CEO Highlights Benefits of US Crypto Policies and Tokenization
Robinhood CEO Vlad Tenev highlighted the benefits of an “innovation-friendly” US crypto environment, which he believes will enhance the firm’s offerings and bolster both traditional and crypto businesses. He emphasized the advantages of stablecoins for 24/7 trading and liquidity, while expressing excitement about tokenization, particularly for private company stocks. Tenev argued that regulatory clarity could unlock a trillion-dollar market by connecting crypto with securities, allowing broader investment opportunities for retail investors.
about Robinhood CEO Highlights Benefits of US Crypto Policies and TokenizationAI Powered Crypto Film Universe Emergence Launches with David S Goyer
David S. Goyer, known for his work on the Dark Knight and Blade franchises, is spearheading a new sci-fi project called Emergence, which utilizes blockchain and AI to create a crowdsourced film universe. Launched on the Incention platform, the initiative allows creators to contribute to a shared intellectual property, with contributions tracked and compensated through cryptocurrency. The project aims to foster a collaborative environment for both professional and amateur creators, with an AI agent named Atlas managing contributions and ensuring consistency within the universe’s canon.
about AI Powered Crypto Film Universe Emergence Launches with David S GoyerZurich CEO Calls for Enhanced Risk Prevention and Urban Planning Measures
Zurich CEO Mario Greco emphasizes the need for enhanced risk prevention in response to recurring major fires in California, asserting that the insurer is well-prepared for such losses. He advocates for a reevaluation of urban planning and construction practices to mitigate future disasters, highlighting the role of technology and data in risk assessment. Greco also expresses concern over Europe’s economic stagnation, urging for timely investments and proactive measures.
about Zurich CEO Calls for Enhanced Risk Prevention and Urban Planning MeasuresSEC Chair Gensler Warns of Risks and Bad Actors in Crypto Market
Departing SEC Chair Gary Gensler has warned that the cryptocurrency market is “rife with bad actors,” highlighting ongoing compliance issues and the need for regulation. During his tenure, he oversaw 100 enforcement actions against fraud and non-compliance, asserting that most digital currencies qualify as securities. Gensler emphasized his commitment to investor protection and market integrity, countering claims of being anti-crypto by referencing his academic background in blockchain technology.
about SEC Chair Gensler Warns of Risks and Bad Actors in Crypto MarketGary Gensler Reflects on SEC’s Crypto Enforcement and Industry Challenges
Gary Gensler, departing SEC Chairman, criticized the cryptocurrency industry as “rife with bad actors” during a Bloomberg TV interview, reflecting on his tenure marked by approximately 100 enforcement actions against fraud. He emphasized that most of the 10,000 to 15,000 crypto projects are unlikely to survive, likening them to venture capital investments. As he prepares to step down, Gensler acknowledged the contentious relationship with the crypto industry, which views his strict regulatory approach as stifling innovation. In a separate development, Elixir is partnering with Securitize to provide institutional access to Hamilton Lane’s Senior Credit Opportunities Fund through decentralized finance, utilizing its stablecoin, deUSD, to enhance liquidity and composability for real-world assets.
about Gary Gensler Reflects on SEC's Crypto Enforcement and Industry ChallengesElon Musk’s X Money to Launch with Crypto Support in 2025
Elon Musk’s X Money, set to launch in 2025, is generating buzz with speculation about its support for cryptocurrencies like Bitcoin and Dogecoin. The platform will allow users to tip content creators, enhancing engagement and potentially transforming revenue models. A reliable crypto wallet, such as Best Wallet, will be crucial for users to manage their funds effectively, with features like multi-blockchain support and easy fiat conversion.
about Elon Musk's X Money to Launch with Crypto Support in 2025