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California's Newsom Signs Memecoin Ban And Calls It 'The Opposite Of Trump'
California's Newsom Signs Memecoin Ban And Calls It 'The Opposite Of Trump'
Authored by Omkar Godbole via CoinDesk,
President Donald Trump has made millions from memecoins, but politicians in California don't have that chance anymore.
On Sunday, California's Governor Gavin Newsom signed a law that bans the state's public officials from issuing memecoins, or cryptocurrencies representing a famous personality, internet joke or viral trend rather than a specific use case.
The measure, AB 2409, was signed along with 10 other bills on corruption and consumer protection. Others set rules for paying back crypto...
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Europe Dodges A Rhine Crisis For The Worst Possible Reason
Europe Dodges A Rhine Crisis For The Worst Possible Reason
Authored by Natalia Katona via OilPrice.com,
Rhine freight from ARA to Karlsruhe has surged from €45/t to €215/t as Kaub remains below the 77-cm threshold needed for normal commercial traffic.
The squeeze is disrupting 3.1 million t/y of ethylene capacity and product movements from the 320,000-b/d Miro refinery.
Europe is avoiding a deeper crisis only because crackers are running at around 70% and fuel demand is weak.
The Rhine has slightly risen from its mid-August record low (when Kaub's water level gauge - at...
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