Trump Moves on Fed, NFT Paris Cancelled: Global Express
The DOJ investigated Fed Chair Powell under Trump's direction, Coinbase paused Argentine fiat services, and NFT Paris was cancelled due to market conditions.Summary
The US Department of Justice, directed by President Trump, initiated a criminal investigation into Federal Reserve Chairman Jerome Powell over alleged fund misallocation during office renovations, which Powell claims is politically motivated due to interest rate decisions. In other global news, major crypto exchange Coinbase paused its fiat services in Argentina, citing operational complexity in the volatile market. Furthermore, organizers cancelled NFT Paris, scheduled for February, citing the severe market collapse impacting viability, though ticket refunds are promised. Separately, Wyoming launched its state-backed stablecoin, the Frontier Stable Token (FRNT), on the Solana blockchain. Italian regulators (CONSOB) warned financial influencers that promoting volatile assets like crypto carries legal responsibility, even with disclaimers. Finally, Moldova announced plans to align its crypto regulations with the EU's MiCA framework, though it will not recognize crypto as a means of payment.
(Source：Cointelegraph)