Latest news with #USD1
2 days ago
- Business
SEC drops lawsuit against world's largest crypto exchange
The dismissal by the Securities and Exchange Commission comes days after Binance began listing USD1, a cryptocurrency launched by a crypto firm started by President Donald Trump's family.
Hindustan Times
2 days ago
- Entertainment
- Hindustan Times
Brazil's life-like doll craze is the new talk of the nation
Videos featuring emotional moments with hyper-realistic baby dolls have sparked both online fascination and political debate in Brazil, with lawmakers even bringing the life-like dolls into legislatures. Influencers have staged situations such as birth simulations and strolls in shopping malls with the hand-crafted baby figures, known as 'reborn" dolls, creating videos that have gone viral. In Rio de Janeiro, the city council has passed a bill honouring those who make the life-like dolls, pending Mayor Eduardo Paes' signature. Meanwhile, legislators elsewhere across the country have debated fines for those seeking medical help for such dolls, following a video allegedly showing a woman taking one to a hospital. Lawmakers have brought the dolls into legislative chambers. On Tuesday, Joao Luiz, a state lawmaker from Amazonas, appeared with a doll at the State House to announce plans to ban reborn dolls from receiving care in the state's public health system. However, local media reported that health authorities never recorded any such cases. Last week, congresswoman Talíria Petrone criticised the attention her colleagues were giving to the issue. 'Can we focus on what really matters? If someone wants to have a doll, let them. I have two real children and they're more than enough work,' she said. Dozens of 'reborn mothers' gathered at Villa Lobos Park in Sao Paulo on Saturday for a 10th annual meet-up. Participants said criticism should be aimed at attention-seeking influencers, not the broader community. The hyper-realistic baby dolls are often used for grief therapy or parenting practice. Berenice Maria, a nursing assistant and longtime collector who owns eight dolls, said they offer emotional comfort. 'I love reborns, despite the hate we see out there. I want the right to go out with them… go to the mall, go to the park,' she said. Daniela Baccan, co-owner of a reborn doll shop in Campinas, Sao Paulo, said dolls sell from 700 reais (USD 124) to nearly 10,000 reais (nearly USD1,800). With the rising controversy, safety concerns are increasing. 'We're locking up the store more, adding cameras. But at the same time, online demand has increased, and the store is seeing a much higher flow of people,' Baccan said.
Yahoo
2 days ago
- Business
- Yahoo
Veteran investor warns about the business pursuits of ‘rulebreaker' Trump
Veteran investor warns about the business pursuits of 'rulebreaker' Trump originally appeared on TheStreet. Veteran angel investor, internet entrepreneur and co-host of the All-In podcast, Jason Calacanis, has some sage advice for President Donald Trump. Calacanis criticized the president's conflicts of interest for the First Family's involvement with multiple crypto businesses. The Trump family is engaged with or backs a number of crypto ventures, such as meme coins, crypto exchange-traded funds (ETFs), the World Liberty Financial project, and USD1 stablecoin. Trump is a 'rulebreaker' who bends the rules, but it bites him back in the form of lawsuits and impeachment, the angel investor said, and hoped that the president and his family won't engage with too many crypto business ventures. If the Trump family is involved with several crypto 'shenanigans,' as Calacanis called them, it will throw off the track all the 'positive aspects' of his presidency, among which he counted trade and 'sensible immigration.' Trump's crypto ventures are neither popular among the crypto industry nor in and around his own administration, Calacanis added. He hoped that those around the president could tell him and his family to 'pump the brakes' on their multiple crypto offerings. Calacanis, however, underlined that such conflicts of interest are not unique to the Trump family, as every U.S. president seems to have had such conflicts, often from family members. This is how a free market economy like the U.S. works, he continued. The angel investor also sounded the alarm on Bitcoin treasury companies like MicroStrategy (Nasdaq: MSTR). The moment Bitcoin declines to $60,000, "which it will inevitably," if crypto veterans are to be believed, it will cause a lot of problems for such companies, Calacanis warned. As per Kraken, BTC was trading at $106,876.93 at press time, up 12% a month. Veteran investor warns about the business pursuits of 'rulebreaker' Trump first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
2 days ago
- Business
- Yahoo
SEC Files to Dismiss Long-Running Lawsuit Against Binance
The U.S. Securities and Exchange Commission moved to drop its long-running lawsuit against crypto exchange Binance on Thursday, without providing an explanation in a court filing. The SEC and Binance filed a joint motion, noting that the case had already been paused while the SEC's new crypto task force worked to "develop a regulatory framework for crypto assets." "In the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this Litigation is appropriate," the joint filing said. "... the Commission's decision to seek dismissal of this Litigation does not necessarily reflect the Commission's position in any other litigation or proceeding." The SEC has not published a framework yet, though lawmakers in the U.S. House of Representatives introduced their formal bill to define how the SEC and its sister agency, the Commodity Futures Trading Commission, would each oversee digital assets earlier on Thursday. The parties want the case dismissed with prejudice, meaning the SEC would not be able to bring this lawsuit against Binance again in the future. The filing also includes provisions to block Binance or its affiliated entities and executives from filing a suit or complaint against the SEC tied to the lawsuit, which was brought in June 2023 against Binance, and Binance founder Changpeng CZ Zhao. Judge Amy Berman Jackson, who's overseeing the case, previously ruled that the SEC had brought plausible charges against the exchange and allowed most the lawsuit to proceed last year. In a statement, an external spokesperson for said they were "pleased that the SEC fully dismissed its charges against confirming what we have always known — that the company did not violate U.S. securities laws." "Today's news is a major milestone for our company, as putting this matter to rest allows us to focus entirely on growing our business and work on restoring our relationships that were impacted by the SEC," the statement said. "We are excited about the future of and crypto in the U.S. and look forward to continuing to offer access to crypto in the U.S., while maintaining our commitment to compliance and our customers." Thursday's filing just marks the latest withdrawal for the SEC, which already moved to drop over a dozen other investigations and lawsuits. Prior to 2025, the SEC was investigating non-fungible token marketplaces and suing crypto exchanges. Binance was just one exchange the SEC alleged was illegally operating as an unregistered broker, clearinghouse and exchange. Others included Coinbase and Kraken. The SEC's about-turn came after Donald Trump retook office as the U.S. President, appointing Commissioner Mark Uyeda as acting chair and nominating Paul Atkins to be the agency's full chair. Atkins was confirmed and sworn into office last month. Last week, Binance announced it would list USD1, a stablecoin issued by World Liberty Financial, a crypto company tied to Trump, some of Trump's children and some of his affiliates. Earlier Thursday, SEC Commissioner Hester Peirce said during an appearance at Bitcoin 2025 in Las Vegas that some crypto investors should not expect a bailout or government protection if they invest in speculative digital assets. UPDATE (May 29, 2025, 22:08 UTC): Adds additional detail. UPDATE (May 29, 22:45): Adds statement. UPDATE (May 29, 23:05): Adds USD1 note.
Yahoo
3 days ago
- Business
- Yahoo
Trump's sons send a strong message from Las Vegas
Trump's sons send a strong message from Las Vegas originally appeared on TheStreet. The Trump family is well-known for its involvement with several crypto businesses. President Donald Trump himself has pursued an aggressive pro-crypto policy during his second term, the most crucial step being his order to create a strategic Bitcoin reserve and digital assets stockpile. Now that Bitcoin 2025, arguably the largest crypto gathering in the world, takes place in Las Vegas, the Trump family just had to be there. Trump's two eldest sons, Donald Jr. and Eric, took the stage at the conference on May 28 and didn't hold back on any questions. When asked what minimum price Bitcoin could hit by 2026, Eric responded, "The Moon!" Eric clarified that he expected Bitcoin to hit at least $170,000 by 2026. Trump Jr. expected the king coin to hit the price target of $150,000-$175,000 by 2026. 'We are bringing Bitcoin to America, and America is going to win the crypto revolution,' Eric added. He also made mention of the Trump Media and Technology Group's (Nasdaq: DJT) recent announcement to raise $2.5 billion to create a corporate Bitcoin treasury. There is a lot of demand for Bitcoin among companies but the supply is limited, Eric pointed out. Crypto makes everything cheaper, faster, safer, and more transparent, he continued. "It makes the whole system more functional." Vice President J.D. Vance also made it to the event in America's party capital a day earlier, where he talked about the Trump administration's pro-crypto approach. He also confessed to owning "a fair amount of Bitcoin." The Trump family is engaged with or backs multiple crypto ventures, such as the much-publicized meme coins, crypto exchange-traded funds (ETFs), the World Liberty Financial project, and USD1 stablecoin. The First Family's deep involvement with such ventures has raised questions about potential conflicts of interest. Trump's sons send a strong message from Las Vegas first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared. 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
