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Markets

Bipartisan Senate Push Seeks Enhanced Presidential Power Over Russian Energy Tariffs

A new bipartisan Senate bill is gaining traction, proposing to arm the President with extensive authority to levy tariffs against the world's primary purchasers of Russian energy. This legislative initiative aims to intensify economic pressure on Russia, targeting countries whose continued energy imports contribute significantly to Moscow's revenue, thereby reshaping international trade dynamics and foreign policy tools.

7/29/2026

Markets

Senate Grapples with Crypto Clarity Bill Amidst Presidential Trading Ban Controversy

The U.S. Senate is currently debating the Clarity Act, a pivotal piece of legislation intended to establish a comprehensive regulatory framework for digital assets. A highly contentious clause, proposing to prohibit the sitting President from holding or trading cryptocurrencies, has created a significant bipartisan rift. This ethical provision, meant to prevent conflicts of interest, now threatens to delay the bill's passage as it approaches a critical vote.

7/27/2026