The White House is proposing a daily fine of $500,000 for revenue evasion

White House draft rules suggest the daily fines could pile up quickly, indicating regulators don’t want loopholes in stablecoin reward designs. The White House is promoting strict regulatory measures that prohibit offering returns or interest on payment stablecoins. Proposed enforcement provisions include civil penalties of $500,000 per violation, intended to prevent companies from structuring products […]

Northern Dynasty shares a dip as DOJ supports EPA veto of Alaska’s Pebble Mine

Shares of Northern Dynasty Minerals (TSX:NDM,NYSEAMERICAN:NAK) plunged on Wednesday (Feb. 18) after the U.S. Department of Justice (DOJ) filed an injunction supporting the Environmental Protection Agency’s (EPA) January 2023 veto of the company’s long-controversial Pebble project in Alaska. The order supports the EPA’s previous decision to restrict development of the proposed copper, gold and molybdenum […]

SEC Chairman Paul Atkins says regulators shouldn’t panic about falling crypto prices

Instead of reacting to market declines, Paul Atkins indicated that regulators are prioritizing crypto frameworks over price stabilization efforts. US Securities and Exchange Commission (SEC) Chairman Paul Atkins has said regulators should not panic over falling crypto prices and resist calls for emergency intervention as Bitcoin (BTC) fell to $66,000. The comments signal the SEC’s […]

Silver and gold brace for another nervous week based on US inflation data: analysts

Precious metals prices are expected to undergo further consolidation in the coming week, with volatility likely to persist as investors monitor key U.S. economic data including inflation figures, GDP figures and policy signals from the Federal Reserve, analysts said. Traders will also keep a close eye on U.S. labor data, along with minutes of Federal […]

The Indian market is showing strong volume growth for Unilever, says CEO Fernandez

The British multinational consumer goods maker said the “fundamental” aspects of its business in India, its second-largest market after the US, are improving. In the fourth quarter, Unilever, in the home care segment, reported underlying sales growth of 4.7 percent, along with volume growth of 4 percent, which the company said was supported by “continued […]

Letter: Local control is common sense

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