XRP is on the verge of reaching a $200 billion market cap: price approaches record high
Key takeout: XRP is nearing a market cap of $200 billion for the first time. In July, XRP’s price surged by 35% compared to Bitcoin. If the current trend continues, XRP’s market cap could exceed $250 billion. XRP (XRP), for the first time, is on track to surpass a $200 billion market capitalization as Bitcoin […]
Why did Social Security set an earnings cap for retirees who continue to work?
Social Security Earnings Limit Inquiry Dear Liz, I’ve fully retired, started receiving Social Security, and picked up some part-time work. I recently got a letter from Social Security. It stated that I had reached a $22,320 earning limit, which means I need to repay part of my Social Security benefits. I was aware of these […]
Grayscale criticizes the SEC for postponing the listing of the Digital Large Cap Fund ETF.
A lawyer representing Grayscale, a digital asset management firm, has expressed concerns about a delay from the U.S. Securities and Exchange Commission (SEC) regarding the approval of the Digital Large Cap Exchange Transaction Fund (ETF). In a letter sent on Tuesday, the attorney pointed out that while the ETF proposal had received initial approval from […]
Stalemate over SALT cap worsens as House moderates remain resolute
Negotiations over the state and local tax (SALT) deduction cap are becoming increasingly complicated. Senate Republicans and moderate House Democrats are struggling to find common ground, which could jeopardize their goal of passing a significant legislation package by July 4th. Sen. Marco Wayne Marin (R-Okla.)—a former House representative and key link between the two chambers—met […]
If XRP Attains a $1 Trillion Market Cap, Here’s the Value of Your 5K or 10K XRP
XRP’s Potential $1 Trillion Milestone If XRP reaches a market capitalization of $1 trillion, investors holding either 5,000 or 10,000 tokens could see significant returns. The overall crypto market seems … well, complicated, you know? There’s some tension in the Middle East, and while that might make things shaky, perhaps there’s a more constructive approach […]
House Republicans Indicate Backing for Greater SALT Cap Than Senate Suggestion
Senate Republicans Propose Extension on SALT Cap On Monday, Senate Republicans unveiled part of President Trump’s “Big Beautiful Building,” advocating for a permanent extension of the $10,000 cap on state and local tax (SALT) deductions. This proposal is set to clash with a House version that suggests increasing the cap for households earning up to […]
Senate Finance Committee addresses Medicaid reductions and SALT cap in Trump’s plan
Senate Finance Committee Announces Key Provisions for Trump’s Legislation A Senate committee, tasked with handling some controversial elements of President Donald Trump’s significant infrastructure plan, unveiled several components of the legislation on Monday. The Senate Finance Committee, which oversees tax policy and Medicaid among other topics, issued the text amid a rush to finalize the […]
New York representatives caution that the Senate’s version of the significant bill will be rejected if the SALT cap is reduced to $10,000.
There’s some concern brewing about tax credits. A Blue Republican official has voiced opposition to a rumored plan that would reduce the state and local tax credits, known as SALT. The proposal suggests a drop back to the original $10,000 threshold, down from $40,000, which was discussed during House negotiations. Punchbowl News reported that the […]
Senate Republicans aim to reduce SALT cap, sparking a conflict with the House
On Wednesday, Senate Republicans indicated they might reduce the tax credits proposed in Trump’s much-discussed bill, which has garnered support from some House moderates. This potential shift could spark internal disagreements within the GOP. The anticipated conflict centers around the caps on state and local tax (SALT) credits. Senators believe that the limits in the […]
Pope Leo XIV sports a White Sox cap at the Vatican in recent images
Pope Leo XIV brought a touch of White Sox enthusiasm to the Vatican during a general audience in St. Peter’s Square on Wednesday. While meeting with visitors, members of the Chicago clergy were spotted wearing White Sox hats, even greeting a newlywed couple who seemed to share their allegiance to the team. His devotion to […]