Senate passes landmark cryptocurrency bill with Democratic help
The Senate passed a first-of-its-kind cryptocurrency bill Tuesday as a bloc of industry-friendly Democrats bucked their party to overcome weeks of legislative gridlock.
The GENIUS Act, which creates a regulatory framework for stablecoins, a digital asset pegged to the dollar, earned the support of 18 Democrats and nearly all Republicans in a 68-30 vote that brings cryptocurrency one step closer to the financial system’s mainstream.
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Read MoreSenate passes first-of-its-kind cryptocurrency legislation
CNN
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The Senate passed first-of-its-kind bipartisan cryptocurrency legislation, called the GENIUS Act, after months of negotiations and weeks of back-and-forth between Democratic and Republican backers. The final tally was 68-30, with 18 Democrats voting yes, and two Republicans voting no.
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Read MoreFed to hold rates steady again as officials wait for more clarity on economy
[HOUSTON] US Federal Reserve officials are widely expected to leave interest rates unchanged for a fourth straight meeting on Wednesday (Jun 18), reiterating they want more clarity on the economic impact of a wide array of government policy changes before adjusting borrowing costs.
Policymakers have warned US President Donald Trump’s tariffs could boost inflation and unemployment,
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Read MoreJim Cramer's guide to investing: Wall Street moves before the Fed does
- CNBC’s Jim Cramer said market action is all about anticipation, especially when it comes to the Federal Reserve.
- Wall Street doesn’t wait for the Fed to actually raise or lower interest rates, he said. Instead, he continued, investors act as soon as the Fed indicates action might be coming.
- “The key here is that nobody’s waiting around patiently to see how everything pans out,”
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Read MoreUS stocks poised to shake off Iran strike as oil rises, crypto surges
US stocks shrugged off geopolitical jitters following the US strike on Iranian nuclear sites.
Oil prices were slightly higher after a weekend jump, while cryptocurrencies rose.
The Dow was recenty up 102 points, or 0.24%, to 42,309.57 as of 9:57 a.m. EDT, while the S&P 500 was up 0.3% at 5,985.98.
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Read MoreThe Burst
3 Must-See Entertainment Stocks for Your Portfolio
[1] Disney
The Walt Disney Company is known for its ability to create high-quality, imaginative content that appeals to people of all ages. From classic films to modern franchises, Disney has a reputation for producing stories and characters that are beloved by many.
However, the company’s appeal extends beyond its enchanting brand.
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Read MoreThe Ivy
Market Commentary: 1 Laser Pioneer Has Huge Upside
IPG Photonics has carved out a niche in the laser technology industry and today stands head and shoulders above its peers, not least because of its extensive patent portfolio, featuring over 1,700 patents. Combined, these create an intellectual property fortress that not only protects the firm’s innovations but also presents a barrier to entry for competitors.
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