🇺🇸🇮🇷BREAKING: Trump has rejected Iran's 7-day ceasefire proposal and expects to resume bombing after the midterms, per WSJ.
He has privately told aides he sees a renewed bombing campaign as likely, according to US officials.
Iran had offered to reopen the Strait of Hormuz and start nuclear talks if the US lifted its blockade, unfroze some assets and lifted oil sanctions.
The US has told mediators Trump has no intention of lifting the blockade, betting economic pressure will force a deal.
Officials say his view could still change, and talks through mediators are continuing.
JUST IN: New U.S. House bill proposes crypto guidance for small businesses
The bill would help merchants understand crypto payments, including how to integrate them, handle taxes and improve security while potentially reducing payment fees.
THE BLOCK: The U.S. Court of Appeals for the Sixth Circuit ruled against Kalshi in its fight with Ohio and Tennessee over sports-event contracts.
The court found that Kalshi failed to show the contracts qualify as "swaps" under the Commodity Exchange Act and, even if they did, the CEA does not preempt state gambling laws.
🚨ALERT: A MAJOR U.S. banking overhaul could land in December.
The Fed and other regulators are reportedly preparing to finalize the long-awaited Basel capital package in mid- to late December, per POLITICO.
The rules would change how much capital America’s biggest banks must hold against lending, trading and other risks.
Stricter requirements could raise lending costs and curb bank risk-taking.
A softer package could ease pressure on financial conditions.
A FINAL VOTE is reportedly expected after the Fed’s December 9 rate decision.
🚨JUST IN: SEC Commisioner calls to END mass KYC data collection.
Hester Peirce warns existing KYC/AML frameworks create huge databases of sensitive user data, making them prime targets for hacks, phishing and even physical attacks.
She is pushing zero-knowledge proofs as an alternative, allowing users to prove compliance without exposing their personal data.