US Chamber of Commerce Considers Filing Lawsuit to Stop New Tariffs
The Chamber of Commerce, the largest business lobby in the US, is considering taking legal action against the global tariffs planned by the Trump administration. According to sources speaking to Fortune, a lawsuit is on the agenda with the support of some major companies to block the tariffs that will take effect on Wednesday. The Chamber of Commerce argues that these tariffs could have a negative impact on US business.
US Justice Department Dismantles Cryptocurrency Department, Trump Loosens Regulations
The US Department of Justice has dissolved the National Cryptocurrency Enforcement Unit (NCET), which led investigations into digital assets. The decision was made in line with Trump’s executive order issued in January. Deputy Attorney General Todd Blanche emphasized that the department should not take on a regulatory role, stating that from now on, the focus will only shift to crimes that harm investors.
Ripple Acquires Crypto-Friendly Master Broker Hidden Road for $1.25 Billion
Crypto payments giant Ripple acquired Hidden Road to expand its institutional investor services. The majority of the acquisition was made in cash, XRP and stock. Hidden Road founder Marc Asch will continue in his new role at Ripple as head of prime broker.
Bank of Canada Assesses Risks of Flash Loans
The Bank of Canada published an internal research report analysing the impact of flash loans on the financial system. The report emphasized that these loans, which are taken without collateral and repaid in a single transaction, may carry potential systemic risk. The bank noted the need for greater vigilance in supervising emerging crypto financial instruments.
Ethereum Foundation Transfers 1,000 ETH to Multi-Signature Wallet
The Ethereum Foundation has transferred 1,000 ETH worth approximately $1.58 million to the multi-signature address it uses to distribute funds. This was the foundation’s first major ETH movement in three months. A total of 12,150 ETH has been sent from this address since May 2021.
by Darkex Research – 1 min read
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