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U.S. stock-index futures declined Sunday, as investors grappled with the implications of Friday's Supreme Court ruling that overturned most of President Donald Trump's tariffs.
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F.B.I. Director Celebrates Olympic Hockey Victory on Day of Mar-a-Lago Shooting The New York TimesPatel responds to Olympics backlash, says he was invited to locker room after hockey game The HillFBI Director Kash Patel takes agency jet to Italy, plans to attend Olympic hockey games, sources say CBS NewsFBI Director Kash Patel Defends Celebrations With U.S. Ice Hockey Team Time Magazine
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Trump's talk of sending a hospital ship to Greenland puzzles leaders The Washington PostDenmark Rejects Trump's Plan to Send Hospital Boat to Greenland The New York TimesTrump Says He Is Sending Hospital Ship to Greenland The Wall Street JournalDanish military evacuates U.S. submariner who needed urgent medical care off Greenland NPRTrump Announces Greenland Hospital Ship Mission
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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