SEC Closes Gemini Probe, Trump Announces 25% Tariffs, om EU
SEC closes Gemini probe after 699 Days, Trump announces 25% tariffs on EU imports, Blackrock under the microscope, and more in this Week in Review.
SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review
Week in Review
The SEC closed its nearly two-year-long probe into Gemini. President Donald Trump announced 25% tariffs on EU auto and pharmaceutical imports. Institutional moves also caught attention as Blackrock transferred significant amounts of Bitcoin and Ethereum, raising fears of potential sell-offs. Robert Kiyosaki warned that missing gold reserves in Fort Knox could destabilize the U.S. economy. XRP hovered around $2.58, struggling alongside broader market declines as traders braced for heightened volatility.
SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement
SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review
The Securities and Exchange Commission (SEC) has closed its investigation into Gemini, a cryptocurrency exchange… read more.
Editor’s comment: This was one of many stories this week of the SEC stepping back from enforcement actions pursued by the Biden administration.
Trump Announces 25% Tariffs on EU Imports, Bitcoin Slides Under $84K
SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review
President Donald Trump announced 25% tariffs on European Union auto imports, pharmaceuticals… read more.
Editor’s comment: Markets, both crypto and traditional, did not receive news of Trump’s new tariffs well.
Blackrock Under the Microscope
SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review
Blackrock has transferred about 18,168 ether and 1,800 bitcoin, worth around $44 million and $160 million… read more.
Editor’s comment: It’s too early to tell if this will result in selling, but the market is in such a fearful state that it is anticipating Blackrock’s actions to be negative.
Robert Kiyosaki: Missing Fort Knox Gold Would Unleash World Chaos
SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review
Robert Kiyosaki warned that if Fort Knox gold is missing, the U.S. economy could collapse, the dollar would crash… read more.
Editor’s comment: If Trump goes to Ft. Knox and the gold that’s supposed to be there isn’t fully accounted for, the amount missing could have mild to severe repercussions. I don’t think it would be bad for the U.S. dollar unless nearly all of the gold is missing, though.
Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels
SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review
XRP presently hovers at $2.58 per token, boasting a $149 billion market valuation and $4.66 billion in daily… read more.
Editor’s comment: Along with the rest of the market, XRP has suffered sustained declines.
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