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Stablecoin Yields Won't Harm Banks, White House Economists Say
Stablecoin Yields Won't Harm Banks, White House Economists Say
Authored by Amin Haqshanas via CoinTelegraph.com,
A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides.
According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of...
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Jun 15, 2026 / Tyler Durden
Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening
Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening
The U.S. and Iran reached an interim agreement to reopen the Strait of Hormuz on Sunday evening, just 30 minutes before New York futures opened, with officials from both countries set to meet in Switzerland on Friday to formally sign the peace deal.
According to Iranian outlet Fars, the U.S.-Iran deal reportedly includes a 60-day toll-free window for vessels. After that period, if a more permanent deal is agreed upon, Tehran may seek to monetize the Hormuz chokepoint by...
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Aug 9, 2026 / Tyler Durden
Drug Kingpin Gets Life After 3-Year-Old Found With Backpack Full Of Drugs
Drug Kingpin Gets Life After 3-Year-Old Found With Backpack Full Of Drugs
A decade-long drug empire that prosecutors say pumped cocaine and fentanyl through Mobile has ended with its alleged mastermind headed to federal prison for the rest of his life, according to WSFA.
McGee, 42, received life sentences after being convicted of running a large-scale narcotics operation involving drugs, firearms and minors. U.S. District Judge Terry Moorer also imposed another life term stemming from fraud against the IRS and Small Business Administration, along with a $10 million fine.
The government portrayed...
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Aug 27, 2026 / Tyler Durden
Federal Court Dismisses Musk's X Lawsuit Against New York Law Forcing Platforms To Define Speech
Federal Court Dismisses Musk's X Lawsuit Against New York Law Forcing Platforms To Define Speech
A Trump-appointed judge just dismissed a lawsuit by Elon Musk’s X seeking to void a New York state law requiring social media companies to disclose how they define and monitor hate speech, extremism, harassment, foreign political interference and disinformation.
U.S. District Judge John Cronan in Manhattan rejected X’s argument that the Stop Hiding Hate Act violated the U.S. Constitution's First Amendment by exposing it to lawsuits and big fines unless it disclosed "highly sensitive and controversial...
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