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- 19:17"Federal Reserve Mouthpiece": It is a rare arrangement for Federal Reserve Board nominee Milan to consider retaining a White House position during his term.Jinse Finance reported that "Federal Reserve mouthpiece" Nick Timiraos wrote that Milan, the Federal Reserve Board nominee appointed by U.S. President Trump, stated that after completing his short-term tenure at the Federal Reserve, he is considering returning to his original position at the White House next year—an arrangement that has been unprecedented for decades since Congress sought to separate the executive branch from the Federal Reserve. At the Senate confirmation hearing on Thursday, Milan said that his lawyers advised him that he could take an unpaid leave of absence from his current position as Chairman of the White House Council of Economic Advisers, so that he could return to his post next year without going through another round of Senate confirmation. Milan has been nominated to fill the term left vacant by Kugler's unexpected resignation last month, which will last until January 31, 2026. Democratic lawmakers questioned whether such an arrangement might affect his ability to exercise the independent judgment he promised. Mike Rounds, a Republican senator from South Dakota, later told reporters that he was surprised by the proposal, but no Republican lawmakers indicated that they would oppose Milan's confirmation because of it.
- 18:15Justin Sun responds to address being blacklisted: the involved address was only used for small-scale testing, with no buying or selling involvedJinse Finance reported that Justin Sun responded on social media to the incident where "World Liberty blacklisted Justin Sun's address, locking 540 million unlocked tokens and 2.4 billion locked tokens," stating, "Our address only conducted a few generic exchange deposit tests with very small amounts, and then performed an address distribution. There was no buying or selling involved, so it could not have had any impact on the market."
- 18:02Trump Administration Submits New Arguments Seeking Court Support to Remove Federal Reserve Governor CookJinse Finance reported that the U.S. Department of Justice has presented new arguments regarding why President Trump should be allowed to remove Federal Reserve Governor Lisa Cook, stating that her claims about a "rate cut pretext" are unfounded. Cook is accused of mortgage fraud and is currently challenging the decision to remove her from office. On Thursday, U.S. government lawyers again urged the judge to dismiss Cook's request to prohibit her removal during the lawsuit, reinforcing arguments made at last week's hearing. Just hours before the legal documents were filed, reports emerged that the Department of Justice had launched a criminal investigation into Cook. The U.S. government asserts that the fraud allegations, first raised by Federal Housing Finance Agency Director Sandra Thompson, already constitute sufficient "cause" under U.S. law for Trump to dismiss her. In Thursday's filing, the Department of Justice emphasized that the judge must not "second-guess" Trump's judgment regarding the existence of grounds for dismissal, and once again refuted the claim that the dismissal was merely a pretext to control the Federal Reserve and cut rates. "Her only 'evidence' is that the President has criticized the Federal Reserve's policies," the document stated, "but mere policy disagreements do not mean the President dismissed Cook for that reason."