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US
Fairfax County Pension Fund Invests $70M in Crypto Yield Farming Funds: Report
The Virginia pension fund has a series of crypto investments dating back to 2019.

Coinbase Asks US Supreme Court to Halt Lawsuits Connected to Scams and Dogecoin: Report
The exchange seeks to send the cases to arbitration after federal trial judges earlier rejected such requests.

What Is the Definition of ‘Recession?’ And Does Bitcoin Care?
The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.

Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’
The Treasury Secretary stressed job growth during a press conference after the release of 2Q GDP data.

Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point
The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.

US Senators Push Bill to Make Small Crypto Transactions Tax-Free
The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.

Rate Hike at Fed's July Meeting Provides a Credibility Test, With Cuts Already on Horizon
The U.S. central bank is expected to raise interest rates by 75 basis points, which many economists say is too dovish. But traders are thinking about possible rate cuts as soon as next year.

Binance CEO Sues Bloomberg’s Hong Kong Partner for Defamation
It's not the first time Zhao and Binance have sued the media.

US Stablecoin Bill Delayed, but Draft Language May Soon Emerge
As negotiations slow the release of a bipartisan bill until possibly September, lawmakers may put out some initial language soon to spur discussion.
