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Biden’s Proposed Crypto Mining Tax Blocked in Debt Ceiling Agreement

The Biden administration justified the proposed 30% tax on crypto mining companies earlier. The document is still subject to rigorous investigation and discussions in Congress. It became clear on Sunday that the Digital Asset Mining Energy (DAME) excise tax proposed by the Biden administration was blocked as part of the agreement between President Joe Biden … Read more

Asia FX recoups some weekly losses, dollar steady amid debt ceiling impasse

Investing.com– Most Asian currencies rose on Friday, recovering from steep losses this week, while the dollar steadied below two-month highs as markets awaited more cues on progress towards raising the debt ceiling. The Japanese yen rose 0.2%, but was among the worst-performing Asian currencies this week, down nearly 2% as expectations of a wider gulf … Read more

Asia FX weakens amid debt ceiling woes, dollar at two-month high

Investing.com — Most Asian currencies slid on Thursday, while the dollar hit a two-month high as uncertainty over raising the U.S. debt limit and averting a default saw investors avoid risk-driven assets. Worsening sentiment towards China also weighed on regional currencies, amid reports that the country faces a resurgence in COVID-19 cases, which could peak … Read more

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