The Sy Hersh effect: killing the messenger, ignoring the message

US Senate Votes To Include CBDC Ban In Bipartisan Housing Bill Authored by Vince Quill via CoinTelegraph.com, The United States Senate voted on Thursday to include an amendment in the 21st Century Road to Housing Act that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC prohibition will remain in effect until Dec. 31, 2030, according to the amendment in the bill. The legislation, which passed 89-10, stated: “The Board of Governors of the Federal Reserve System or a Federal Reserve Bank may not issue or create a central...

US Ambassador to Israel Mike Huckabee has sparked a diplomatic firestorm, drawing a rebuke from 14 countries after expressing support for the idea of Israel taking over land stretching from Egypt to Iraq during an interview with Tucker Carlson. Huckabee made the comments when pressed on his Christian Zionist view that the modern state of […]

Circle Plunges Most Ever On Stablecoin Legislation, As Tether Prepares Full Audit Circle Internet Group, the issuer of the USDC stablecoin, plunged the most on record as investors reacted to potential stablecoin regulation changes that could make the firm’s cryptocurrency less attractive to large holders, as it would be stripped of interest payments. Concerns that a competitor is readying a move into the US market also hurt Circle’s share price. The stock declined as much as 22%, its steepest intraday drop ever, and leading losses across crypto-linked equities. Coinbase fell as...