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Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat
Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat
Authored by Micah Zimmerman via BitcoinMagazine.com,
The American Bankers Association is warning that the White House’s latest stablecoin study is asking the wrong question and underestimating the threat to community banks.
On April 8, the Council of Economic Advisers released a 21‑page paper modeling what happens if payment stablecoin issuers are barred from paying yield. The analysis, tied to the 2025 GENIUS Act’s prohibition on interest for payment stablecoins, finds that banning yield would raise bank lending by only about 2.1 billion...
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Jun 15, 2026 / Tyler Durden
'Manufactured Story': Hegseth Goes Off In CBS Interview On Crisis Of US Arms Stockpiles
'Manufactured Story': Hegseth Goes Off In CBS Interview On Crisis Of US Arms Stockpiles
Pentagon chief Pete Hegseth joined CBS's Margaret Brennan on Sunday for an interview which quickly degenerated into a tense, finger-pointing segment over billions poured into the military-industrial complex, as well as foreign coffers, amid multiple global hotspots and a couple major war fronts - most notably Ukraine and the Middle East.
Brennan pressed Hegseth on the hollowed-out state of American arms stockpiles, invoking a recent plea from Ukraine for localized weapon production. "Let me ask you before...
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Jun 17, 2026 / Tyler Durden
Cushing Stocks Crash To 'Tank Bottoms', Seasonally Lowest Since 2005; SPR Sees Another Huge Drain
Cushing Stocks Crash To 'Tank Bottoms', Seasonally Lowest Since 2005; SPR Sees Another Huge Drain
Oil prices have tumbled in recent days as optimism grew there would be a lasting Middle East peace agreement, which would mean supplies would be back on track - but investors are taking a breather today with prices marginally higher this morning, rising off three month lows (and the 200DMA) after Trump threatened to 'start bombing again' if he doesn't like the deal (or how Iran is behaving). Solid US macro data also helped lift oil...
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Jun 15, 2026 / Tyler Durden
America's Largest Wind Farm To Begin Operations This Month
America's Largest Wind Farm To Begin Operations This Month
Authored by Naveen Athrappully via The Epoch Times,
The SunZia Wind Project, the largest wind farm in the United States, is scheduled to kick off operations this month, roughly three years after construction activities began on the project, the Energy Information Administration (EIA) said in a June 12 statement.
“The wind farm, located in New Mexico, has a total net summer generating capacity of 3,650 megawatts (MW) and is composed of 916 wind turbines,” the EIA said.
“SunZia’s capacity is more than three times...
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