The post Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat appeared on BitcoinEthereumNews.com.
GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows. The Pound Sterling came under heavy pressure on Thursday as the political crisis around Prime Minister Keir Starmer deepened. After Labour’s heavy losses in the 7 May local elections, four cabinet ministers resigned this week, including Safeguarding Minister Jess Phillips, and close to 100 Labour MPs publicly called on Starmer to resign or set a departure timeline. Health Secretary Wes Streeting was reported to be weighing a leadership challenge, although Starmer remained defiant after 111 MPs signed a statement of support. Stronger UK data failed to lift the currency: Q1
The Bank of England is walking back key parts of its stablecoin rulebook after the digital assets industry pushed back hard against proposals officials now admit may have gone too far. Bank of England Revisits Stablecoin Limits That Industry Called ‘Cumbersome’ Deputy Governor Sarah Breeden, who oversees financial stability at the UK central bank, told […]
The post Rep. Frederica Wilson Has Been Absent For Weeks Without Explanation appeared on BitcoinEthereumNews.com.
Topline Two House members have been absent for weeks, missing dozens of votes as both face tough re-election contests, including one that could jeopardize Republicans’ slim majority in the House. U.S. Rep. Frederica Wilson speaks on behalf of keeping Temporary Protected Status in place for Haitians at an American Business Immigration Coalition press conference on Tuesday, Jan. 27, 2026. (Carl Juste/Miami Herald/Tribune News Service via Getty Images) TNS Key Facts Rep. Frederica Wilson, D-Fla., has not voted in the House since April 17, missing 43 consecutive votes as of Wednesday, according to reporter Jamie Dupree. She has remained active on social media and shared images on Tuesday of a service academy event she attended—and already posted—in October. Wilson has not publicly explained her absence, and neither her office nor House Minority Leader Hakeem Jeffries’ office re
The post Nigel Farage: £5M Christopher Harborne gift was ‘reward’ for Brexit appeared on BitcoinEthereumNews.com.
Nigel Farage now claims that the £5 million ($6.7 million) “gift” he received from billionaire crypto entrepreneur Christopher Harborne was a “reward” for 27 years of Brexit campaigning. The Reform UK leader made the claim in an interview with the Sun’s Editor-At-Large, Harry Cole, just days after it was revealed that he was to be subject to an official government inquiry. Farage claims that the money was given on an “unconditional basis,” and that it was “a reward for campaigning for Brexit for 27 years.” However, he previously claimed that Harborne gave him the millions to cover his security expenses. He also stated in the interview that he “cannot be bought,” and argued that he refused a “load of money” from Elon Musk to say certain things publicly. He wouldn’t disclose what those things were. Read more: Nigel Farage faces official inquiry over £5M Christopher Harbo
After months of negotiations involving the crypto industry, the banking sector, and lawmakers who had been publicly calling for changes, the long-awaited CLARITY Act has cleared a major step toward becoming law. The measure advanced with support across party lines in the Senate Banking Committee, winning the last pre–full Senate vote hurdle ahead of the […]
Dimon's critique highlights the risk of capital flight from Europe and the UK, potentially shifting financial power towards more decisive markets.
The post JPMorgan’s Jamie Dimon urges Europe and UK to clarify financial regulations or risk losing capital appeared first on Crypto Briefing.
The bipartisan crypto bill could reshape financial systems but raises ethical concerns about lawmakers' potential conflicts of interest.
The post Senators convene for bipartisan crypto meeting ahead of Thursday vote appeared first on Crypto Briefing.
