EU Sets January 2027 Deadline for Crypto Firms to Remove Unapproved Stablecoins
EU regulators gave crypto exchanges until January 8, 2027, to stop offering unauthorized stablecoins like USDT, saying warnings aren't enough.
Trump made about 28,700 stock trades in 17 months, more than all Congress combined, while advocating a trading ban that excludes the presidency.
Over a 17-month stretch, Donald Trump executed close to 28,700 stock tradesâsurpassing the 22,200 made by all of Congress combinedâwhile championing a legislative ban on lawmaker trading that would not apply to his own holdings.
These statistics come from a Bloomberg examination of disclosures up to June, arriving as Republicans make stock trading a central campaign theme ahead of the midterm elections.
In July, House Republicans advanced a bill that would prohibit members of Congress, their spouses, and dependent children from trading individual stocks. The president is not mentioned in the legislation.
Trump has voiced support for the measure. During his State of the Union speech, he urged Congress to pass it âwithout delay.â
The White House maintains that his assets are overseen by external firms using index-tracking models, and that neither Trump nor his relatives direct any transactions.
Representative Anna Paulina Luna, a principal backer of the prohibition, described it as a transparency initiative during a Republican gathering in Dallas last week.
âThe American people deserve to know that those they elect to public office actually serve the American people and not their own wallets.â
Trump has resisted Republicans who aim to include him in the ban. He labeled Senator Josh Hawley a âpawnâ last year following Hawley's proposal to extend trading restrictions to the presidency.
He has also demanded scrutiny of Nancy Pelosi's trades. His own filings reflect a comparable trend.
He has celebrated stock gains shortly after acquiring shares, including a DoorDash position he maintained prior to organizing a White House delivery occasion.
When questioned about the potential conflict, Trump defended his actions.
âBecause the stock marketâs going up. Everybodyâs profiting.â
A May Economist/YouGov survey indicated that 75% of Americans favor prohibiting elected officials from trading stocks. Yet support for such a ban has not resulted in enforcement actions.
The STOCK Act of 2012 imposes penalties starting at just $200. Legal analysts note that the Department of Justice would face significant hurdles enforcing a ban on a sitting president.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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