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Tariffs complicate Fed's interpretation of economic data, making any forecasts difficult "The Fed is in a rather complicated situation," said Janasiewicz, chief portfolio strategist at Natixis, in a note. "Interpreting economic data will be challenging because the impact of tariffs, immigration and government layoffs will distort underlying trends. Making any type of forecast could be wrong because differences in these factors can have huge consequences. Some have advocated preemptive rate cuts, and waiting for data to be released could mean the Fed is already behind the curve. But the Fed is not expected to cut rates at its policy decision on Wednesday, but the likelihood of a rate cut at a subsequent meeting is increasing." (Jinshi)

The intersection of cryptocurrency and politics is heating up, and recent actions by US Senators are putting a spotlight on potential ethical concerns. Specifically, two prominent senators are pushing for new rules regarding digital asset ownership for federal officials, while also launching a pointed inquiry into a particular asset: the TRUMP meme coin. This move underscores growing concerns about conflicts of interest and transparency in the digital age, particularly as high-profile political figures become linked, directly or indirectly, to volatile digital assets. Senators Chris Murphy (D-CT) and Richard Blumenthal (D-CT) have stepped forward with a significant legislative proposal. Their bill aims to prohibit federal officials from profiting from the trading or holding of digital assets. This isn’t the first time lawmakers have considered restrictions on financial holdings for public servants, but it marks a direct focus on the burgeoning world of cryptocurrencies. The rationale behind such a crypto regulation bill is rooted in the principle of public trust. Federal officials are privy to information and make decisions that can significantly impact various markets, including the rapidly evolving digital asset space. Owning or trading assets that could be affected by their actions or knowledge creates a potential for conflicts of interest crypto, where personal financial gain could improperly influence official duties. Think about it: If an official owns a substantial amount of a particular cryptocurrency, and they are involved in drafting legislation or regulations that could boost or tank its value, there’s an inherent conflict. This bill seeks to remove that temptation and ensure that officials are acting solely in the public interest, not their own portfolios. Key aspects of the proposed bill likely include: This legislative push by the US Senators crypto community is watching closely is part of a broader trend of governments worldwide grappling with how to regulate digital assets and ensure ethical conduct among public servants in the face of new financial technologies. Alongside their legislative efforts, Senators Murphy and Blumenthal have launched a specific inquiry into the Trump meme coin , also known by its ticker symbol TRUMP or MAGA. This investigation elevates concerns from the general concept of officials owning crypto to a specific instance involving a former President and potential future candidate. Meme coins are a unique, often highly volatile, class of cryptocurrencies typically based on internet memes, cultural trends, or, in this case, political figures. Their value is often driven more by speculation, community hype, and sentiment rather than underlying technology or utility. According to a report by Fox61, the senators’ concerns regarding the TRUMP meme coin are multi-faceted: The senators are likely seeking information on who benefits from the coin, how it was distributed, its ties to political campaigns or entities, and the extent of any involvement or profit by individuals associated with federal office. The core issue highlighted by both the proposed bill and the TRUMP coin investigation is the unique challenge digital assets pose regarding conflicts of interest for federal officials crypto is becoming intertwined with. Unlike traditional assets like stocks in large, established companies where officials might recuse themselves from specific decisions directly impacting those companies, the crypto market presents new complexities: These factors make the case for clear rules regarding federal officials crypto holdings more urgent in the eyes of many lawmakers and ethics watchdogs. The actions by Senators Murphy and Blumenthal are not happening in a vacuum. They are part of a broader, ongoing debate in the United States about how to regulate the cryptocurrency industry. Numerous bills have been proposed in Congress, addressing everything from market structure and consumer protection to taxation and environmental impact. This specific focus on federal officials’ holdings and politically themed tokens could add momentum to the overall regulatory push. It frames the issue not just as a financial or technological one, but as an ethical and governance challenge directly impacting the integrity of public service. While a bill banning officials from profiting from digital assets might seem narrow, it sets a precedent and reflects a growing sentiment among lawmakers that the status quo regarding crypto and public office is insufficient. Success in passing this type of legislation could pave the way for further regulatory clarity or action in other areas of the crypto market. Conversely, the political nature of the TRUMP coin inquiry could also inject partisan dynamics into the regulatory debate, potentially complicating efforts to pass comprehensive crypto legislation that requires bipartisan support. While the goals of transparency and preventing conflicts of interest are widely supported, any legislation banning federal officials from owning digital assets is likely to face scrutiny and potential challenges: These are questions that will need to be addressed as the bill potentially moves through the legislative process. Similarly, the TRUMP coin investigation will need to navigate complex issues of proving intent, tracing transactions, and determining the extent of any improper influence or activity. The proposed bill will need to go through the standard legislative process, including committee review, potential amendments, and votes in both the Senate and the House of Representatives. Its passage is far from guaranteed and will depend on various factors, including political will, lobbying efforts, and public opinion. The investigation into the Trump meme coin is an inquiry, meaning the senators are gathering information. This could lead to various outcomes, such as a public report detailing their findings, recommendations for regulatory or legislative action, or potentially referrals to other oversight bodies if evidence of wrongdoing is found. For the broader crypto market and those interested in the intersection of digital assets and politics, these developments signal that lawmakers are increasingly paying attention. Politically themed tokens, in particular, are likely to remain under scrutiny. The actions taken by Senators Murphy and Blumenthal represent a significant moment in the ongoing conversation about cryptocurrency and ethics in government. By proposing a bill to restrict federal officials’ digital asset holdings and launching an investigation into the TRUMP meme coin, they are directly confronting the potential for conflicts of interest crypto assets introduce into the political sphere. While the path forward for both the proposed legislation and the investigation remains uncertain, they highlight crucial questions about transparency, influence, and the need for clear rules in a rapidly changing financial and technological landscape. As the world of digital assets continues to evolve, so too will the challenges and the need for careful consideration of their impact on public service and democratic integrity. Staying informed about these developments is essential for anyone involved in or observing the cryptocurrency market, particularly as regulatory frameworks continue to take shape in the United States and globally. To learn more about the latest crypto regulation trends, explore our article on key developments shaping digital asset policy action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Bitcoin Core developers have confirmed that the next software release will lift the long-standing 80-byte restriction on OP_RETURN transaction outputs. The decision was met with concern in the crypto space as users expressed dissatisfaction with the move. The information was relayed in a May 5 GitHub announcement by Bitcoin developer Gregory Sanders, which read: “Bitcoin Core’s next release will, by default, relay and mine transactions whose OP_RETURN outputs exceed 80 bytes and allow any number of these outputs.” Sanders explained that the 80-byte limit was originally a “gentle signal that block space should be used sparingly for non-payment proof of publication data,” but that it has now outlived its usefulness. OP_RETURN is a type of Bitcoin transaction output that allows small amounts of data to be stored on the blockchain. Unlike regular outputs, they are unspendable and therefore don’t contribute to unspent transaction outputs (UTXOs). Developers noted that many private mining accelerators already ignore the limit, and users often find workarounds. Instead of stopping misuse, they have started embedding data in more complex ways, such as crafting fake output public keys or using spendable scripts to hide data. This makes the network harder to manage and less efficient. Some proposed introducing blacklists to stop these tricks, but the developers rejected that idea. They argued that blacklists are unreliable, hard to maintain, and could even lead to innocent people losing funds. Sanders also clarified that removing the restriction doesn’t weaken Bitcoin’s security. Rules like the 4 million weight unit block limit and other safeguards remain in place. However, the change brings some improvements, such as a cleaner UTXO set and more consistent behavior across the network. He explained that developers considered three options before reaching a decision: keeping the cap, raising it, or removing it entirely. According to him, the third option received “broad, though not unanimous support.” The announcement has started a debate in the crypto community. Bitcoin Knots maintainer Luke Dashjr described the removal as “utter insanity.” Bitcoiner Samson Mow said on X on May 5 that users “can refuse to upgrade and stay on 29.0 or run another implementation,” referring to Knots. Critics also argued that the proposal was introduced without a proper decision-making process. “I think one thing is pretty clear: there is no consensus at the moment on this OP_RETURN issue,” said Ten31 Fund managing partner Marty Bent. Meanwhile, Sanders has defended the removal of the cap as aligned with Bitcoin’s ethos of “minimal and transparent rules.” Despite these assurances, the community still doesn’t agree. “This marks a fundamental shift in the direction of Bitcoin,” one commenter warned on GitHub. “This is the largest mistake Core can make at this juncture,” another added.

Similar to Binance creating BNB chain. Each type of government will keep particular niche close.