• Feb 15, 2025

Trump Administration Approves Texas Deepwater Oil Export Project

(Bloomberg) -- The Trump administration has approved a Texas port capable of shipping 1 million barrels of oil a day proposed by Sentinel Midstream LLC.Most Read from BloombergProgressive Portland Plots a ComebackWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe project, first proposed in 2019 and known as the Texas GulfLink Deepwater Port, had be

  • Feb 15, 2025

Big U.S. banks mull moves into crypto services, The Information reports

Some of the largest U.S. banks are evaluating moves into crypto services for big funds, investors and traders in order to take advantage of loosening regulations under the Trump administration, The Information’s Yueqi Yang reports, citing people familiar with the matter. State Street (STT) expects to unveil digital asset custody next year, while BNY (BK) already has a small custody operation for bitcoin (BTC) and ether (ETH) with plans to expand to more tokens. Additionally, Citi (C) has also be

  • Feb 15, 2025

Is This 1 new Move by the SEC a new Tailwind for Cryptocurrency or a Headwind?

It's often difficult to make sense of regulatory actions and changes to the structure and size of regulatory units. According to a report by The New York Times published on Feb. 4, the Securities and Exchange Commission (SEC) will be reducing its 50-person cryptocurrency law-enforcement group in keeping with the preferred policies of the new presidential administration. For now, what's certain is that the SEC's exercise of oversight of the cryptocurrency sector is set to get even weaker than it was before.