Democrats asked for new authority to cut off money laundering through offshore exchanges like Binance. The Clarity Act gives Treasury that authority.
Democrats voted no on protecting Americans from offshore money laundering through exchanges like Binance.
BREAKING: 🇺🇸 The White House unveils details of its historic Venezuela oil agreement, covering 65 billion barrels of proven oil reserves.
North American Blue Energy Partners will receive 100-year rights to develop 17 major oil fields.
Key highlights of the deal:
1. $0 cost to US taxpayers, with the US receiving a 35% equity stake in North American Blue Energy Partners (NABEP), potentially worth hundreds of billions of dollars.
2. US gets guaranteed access to 20% of NABEP's oil production at production cost, helping refill the Strategic Petroleum Reserve and supply military needs.
3. US also gets first refusal on the remaining 80% of production in emergencies.
4. US government gets veto power over NABEP board appointments, while a majority of the board must be US citizens.
5. NABEP plans to invest up to $100 BILLION in new Venezuelan oil infrastructure.
6. Venezuela is expected to receive $200 BILLION in royalties and taxes over the first 25 years as production scales.
7. Millions of barrels of Venezuelan oil will be processed through US refineries, using American rigs and infrastructure, supporting billions in US investment and thousands of jobs.
8. The agreement is part of the Trump administration's broader plan for Venezuelan stabilization, reconstruction and democratic transition.
9. The White House says the deal will push out Russian and Chinese influence from Venezuela's oil sector and reassert the Monroe Doctrine.
The White House says the agreement will strengthen US energy dominance, secure long-term oil supplies and reshape Venezuela's oil industry.
I was delighted to welcome my longtime friend, Bank of Japan Governor Kazuo Ueda, to the beautiful Blue Ridge Mountains for the G20 Finance Ministers and Central Bank Governors Meetings.
We discussed the strength of the U.S.-Japan alliance, shared macroeconomic and financial priorities, Japan’s monetary policy normalization, and the importance of sound policy formulation and communication to anchor inflation expectations and avoid excess exchange rate volatility.
JUST IN: 🇺🇸 THE CRYPTO INDUSTRY JUST COMMITTED $200,000,000 TO PRO-#BITCOIN CANDIDATES FOR THE 2026 US MID-TERM ELECTIONS
32 CANDIDATES NOW OFFICIALLY ENDORSED
THE CLARITY ACT WILL PASS
MATTER OF TIME 🚀
AI agents on Base can trade stocks and deploy capital into liquidity pools to earn yield for you (shout-out @bankrbot). Already 90% of all agent payments on x402 run through Base.