XRP ETF from $1.4 Trillion Firm Delayed by SEC, Major Spanish Bank Supports Bitcoin, Coinbase Introduces New Ethereum-Based Crypto Listings: Crypto News Summary
U.Today shares the latest three news stories from the past day. SEC Delays Decision on $1.4 Trillion XRP ETF Filing The SEC has decided to postpone its ruling on the Franklin Templeton Spot XRP ETF. Initially, it was anticipated that an announcement would be made on May 3rd. However, now the deadline has been extended […]
CBO: ‘Significant bill’ would increase deficit by $2.77 trillion over ten years
Home Depot Co-Founder Discusses U.S. Economy and Political Landscape In a recent interview on “Special Report,” Home Depot co-founder Ken Langone expressed his thoughts on the U.S. economy and the current political scenario. The Nonpartisan Congressional Budget Office (CBO) has unveiled a new dynamic analysis indicating that the Republican “Big Beautiful Bill” could raise budget […]
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 […]
Bitcoin has the capacity to take in the $30 trillion US Treasury market, according to Bitwise CEO.
Bitcoin’s Growing Market Potential Hunter Horsley, the CEO of Bitwise, a digital asset investment firm, highlighted that Bitcoin (BTC) has vast potential, tapping into a $16 trillion gold market and a $30 trillion U.S. Treasury. These are significant stores of value sought by both individual investors and institutions. “Bitcoin offers more than just a monetary […]
A trillion dollars each year for the military: Defense spending is excessive
There’s this annual budget cycle that’s quite significant. Congress has the potential to boost defense spending by up to $150 billion through adjustments. If this is added to the Department of Defense’s proposed budget for 2026, military spending would exceed $1 trillion annually. Two main factors make it almost impossible for defense spending to dip […]
Trump’s tariffs might balance a $4 trillion tax obligation, but experts are doubtful.
Republicans in both the White House and Congress have mentioned that the cleaning fee for President Donald Trump could assist in covering his substantial tax obligations. However, tax specialists caution that this ultimately hinges on the president’s consistency. Senate Republicans are looking to revise and reshape Trump’s ambitious tax proposal, aiming to create a more […]
Forecast: This Unstoppable Stock Is Set to Become the World’s First Company Valued at $5 Trillion. (Hint: It’s Not Apple.)
There’s some buzz surrounding Nvidia and its potential to hit a $5 trillion valuation, especially in comparison to other tech giants like Apple and Microsoft. It seems that, while there might be a race to reach this milestone, Nvidia is poised to take the lead thanks to surging demand in artificial intelligence (AI) and graphics […]
Economists caution that a $4 trillion tax increase is possible if the 2017 tax reductions end.
Economists Push for GOP Tax Package Amid Concerns On Thursday, over 300 economists wrote to President Donald Trump and Republican leaders, urging swift action on the GOP tax plan. They believe that passing it is crucial to prevent the 2017 tax cut from expiring, which amounts to around $4 trillion. Leading the effort, economist Stephen […]
Trump’s tax plan could increase the deficit by $2.4 trillion over ten years, according to the CBO.
According to a recent estimate by the Congressional Budget Office (CBO), President Trump’s “big, beautiful bill” would increase the nation’s deficit by $2.4 trillion over nearly a decade. The CBO reported that the proposed tax cuts, alongside additional measures, aim to eliminate expiration provisions in the Trump Signature 2017 tax law, but these cuts are […]
Tariffs are expected to cut deficits by $2.5 trillion in 10 years.
President Trump’s tariffs could significantly reduce the U.S. deficit, with an estimated decrease of $2.5 trillion over the next decade, according to a recent analysis by the Congressional Budget Office (CBO). However, this reduction is expected to also shrink the size of the U.S. economy. Interestingly, the projected deficit reduction is comparable to the anticipated […]