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Prime Minister Narendra Modi’s attendance at the upcoming BRICS summit in Rio de Janeiro next month is causing significant concern in Washington right now. The Trump administration views this development with alarm, particularly as BRICS currency discussions and de-dollarization efforts threaten US financial dominance. India-US tensions are escalating over New Delhi’s participation, and officials are warning that such moves could reshape BRICS trade relationships and also challenge G-7 authority in global economic affairs. Also Read: Morgan Stanley Predicts US Dollar Drop to Pandemic Lows India’s BRICS Push Sparks US Alarm Over De-Dollarization, Ties Source: BSMedia Trump Administration Views Modi’s BRICS Participation as Direct Challenge US Commerce Secretary Howard Lutnick made clear American displeasure at the USISPF industry forum on Tuesday, and he revealed that Modi’s BRICS summit participation has created friction between the allies. At the time of w...

In what could be a major development for the ongoing geopolitical tension between the nations, the US and China are currently holding trade talks in Switzerland. Indeed, the Swiss President, Karin Keller-Sutter, confirmed the meeting that has been expected to take place for much of the week. The two sides are embroiled in a standoff that could quickly escalate into a trade war. Following the initial implementation of the United States ‘Liberation Day’ tariff plan, continued reciprocal import duty increases had been a constant. Yet, the US and UK had come to terms on a notable trade deal this week, leaving many optimistic. JUST IN: Swiss President says US & China are holding trade talks in Switzerland. — Watcher.Guru (@WatcherGuru) May 9, 2025 Also Read: Trump’s UK Trade Deal Unlocks $5B in US Exports, Slams China US and China Convene at Negotiating Table in Key Switzerland Meeting For much of the last month, a brewing trade war between the US and China has captured the worr...

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President Donald Trump’s crypto czar David Sacks says his team is “evaluating” the creation of a Bitcoin reserve. Speaking at a press conference on Capitol Hill, Sacks said “Bitcoin reserve will be one of the first things we are going to look at,” referencing his administration. “We’re still at the very early stages of this, but that’s one of the first things we’re going to look at, is the feasibility of it.” JUST IN: President Trump's Crypto Czar David Sacks says they are evaluating a Bitcoin Reserve. pic.twitter.com/rDvgIs7dly — Watcher.Guru (@WatcherGuru) February 4, 2025 Sacks added that this task was one of multiple designated to David Sacks and the working crypto group in his administration. The idea of a Bitcoin reserve in the US has been pitched and discussed plenty over the past year. However, since Trump’s US election win, Bitcoin and crypto have an even brighter spotlight. Trump’s executive order on cryp...

The state of Wyoming is introducing new legislation to allow permanent funds to diversify into Bitcoin, paving the way toward a Bitcoin Reserve. According to WY senator Cynthia Lummis, the proposal will “benefit our state as we lead the nation in financial innovation!” JUST IN: Wyoming introduces legislation to allow permanent funds to diversify into Bitcoin, Senator Cynthia Lummis says. — Watcher.Guru (@WatcherGuru) January 17, 2025 Recently, Senator Lummis and Donald Trump’s incoming Treasury Secretary Scott Bessent met to discuss the United States’ potential strategic Bitcoin reserve. Senator Lummis has been a strong advocate for establishing a Bitcoin reserve in the United States. She and other US senators introduced the bill to the senate last year, saying that Bitcoin as a reserve asset could rescue the US economy. Lummis’ draft for the Bitcoin Act of 2024 proposes the country create a reserve of the leading crypto. Its presence would strengthen the US dollar an...

During Monday’s Republican National Convention, Donald Trump announced his vice president running mate, JD Vance. After ‘lengthy deliberation and thought,’ the Republican senator and bitcoin investor beat a large number of contenders including Greg Abbott, Tim Scott, Doug Burgum, Tom Cotton, Marco Rubio, Elise Stefanik, and Vivek Ramaswamy. Vance won his 2022 Ohio state primary on a pro-crypto platform and has maintained a pro-crypto stance for years.  He has also owned and supported Bitcoin while opposing heightened surveillance and tax reporting requirements from crypto companies. Specifically, he disclosed owning between $100,001-250,000 worth of bitcoin on Coinbase during the 2022 calendar year. Moreover, Politico recently reported that he was working on a crypto legislative overhaul similar to the House of Representatives’ FIT21 bill . While Vance has been supportive of Bitcoin , he’s been equally critical of the Gary Gensler-led US Securities and Exchange C...

The US Attorney’s Office has filed a civil forfeit ure action to recover crypto proceeds of a b US iness email compromise (BEC) fraud scheme that targeted a company in Massach US etts, according to a press release on Tuesday evening. The government is looking to forfeit crypto seized from seven accounts held at crypto exchange Binance, which contain bitcoin, tether, shiba inu, Binance coin, and more. The BEC fraud in question came to the attention of investigators in March 2022, when a fraudulent email tricked the Massachusetts company into wiring almost $900,000 to a bank account in California. That money went through another bank account and was then converted to bitcoin on a crypto exchange — then, transferred through a series of other crypto addresses “in a manner consistent with tactics employed in money laundering transactions,” the release said. Eventually, a portion of the funds ended up on Binance. They were seized by authorities in August and September 2022. Read mor...