US Trade Wars Will Hit Households Worldwide, BOE's Bailey Warns
In his annual Mansion House speech, Bailey called for greater cooperation between countries — particularly the US and China - to resolve 'unsustainable' trade and financial imbalances that are distorting economies and lie behind escalating political tensions.
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China mulls economy-boosting measures to counter 'severe situation'
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Asian Growth Companies Insiders Are Heavily Invested In
As global markets navigate the complexities of new tariffs and economic data, Asian stock markets are capturing attention with their resilience and potential for growth. In this environment, companies where insiders have substantial ownership can be particularly appealing, as such stakes often indicate confidence in the company's future prospects. 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Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include SEHK:354 SZSE:300007 and SZSE:300680. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Crypto's Wild West Era Is Over
For more than a decade, cryptocurrency lived in a regulatory gray zone. Loved by libertarians, feared by bankers, and mocked by lawmakers, it was treated like a side project of the internet, too weird to regulate and too volatile to embrace. That era just ended. The U.S. House of Representatives has officially passed the GENIUS Act, a landmark bill that sets federal rules for stablecoins—the digital currencies pegged to the U.S. dollar. The bill is expected to be signed into law by President Donald Trump, making it the first major piece of crypto legislation in American history. It is the moment crypto has been waiting for: real rules, real recognition, and real legitimacy. Stablecoins like USDC and USDT are already used to move billions of dollars every day. They're the quiet workhorses of crypto—used to send money across borders, trade on crypto exchanges, and settle payments instantly without touching a traditional bank. But until now, there were no federal laws clearly defining how they should work, what they must be backed by, or who should regulate them. That uncertainty scared away banks, blocked innovation, and left consumers vulnerable. The GENIUS Act changes that. It requires stablecoin issuers to hold one-to-one reserves in cash or U.S. Treasury bills. It enforces monthly disclosures. It gives consumers priority if an issuer goes bankrupt. It creates a path for both federal and state-level oversight. In short, it gives crypto the kind of legal foundation that big institutions—and average Americans—can finally trust. This law isn't just about taming crypto. It's about launching the next era of American finance. Stablecoins are already powering instant global payments. In the future, they could be integrated into everyday apps—used to pay rent, send money to family, or settle business transactions in seconds. With the GENIUS Act, the U.S. is staking a claim to lead that future. At a time when countries like China are racing to launch their own state-backed digital currencies, this law sends a clear message: America won't be left behind. It also opens the door for crypto to leave the speculative Wild West and move into the financial mainstream. Companies like PayPal, Visa, and BlackRock are already building on blockchain rails. Now, they can do it with a legal framework behind them. For years, crypto has been dismissed as a sideshow. Critics called it a scam, a bubble, or a toy for rich tech bros. There was some truth to the chaos. But behind the scenes, a new financial infrastructure was being built: faster, programmable, and radically transparent. With this new law, that infrastructure gets its first real seal of approval from Washington. It's not just about price anymore. It's about permanence. The GENIUS Act is just the beginning. More legislation is coming, covering digital asset securities, smart contract standards, and decentralized platforms. But this bill proves Congress can act. That alone is a major shift in the political landscape. In the next few years, you may not even realize you're using crypto. It will just be how money moves: instantly, digitally, securely. And legally. Crypto is no longer knocking on the door. It's walking in.
