The News Roundup
View More NewsSouth Korea’s financial regulator folded token securities infrastructure into a broader overhaul of the country’s capital markets, alongside plans for faster settlement, longer trading hours and greater use of artificial intelligence.On Tuesday, the Financial Services Commission (FSC) said it had launched a capital market infrastructure review meeting to coordinate reforms across government agencies and market operators. According to the FSC, plans for token securities will be further discussed separately through a public-private council before being linked to the wider initiative. The initiative includes a roadmap for shortening the securities settlement cycle, expected by October, and a Korea Securities Depository (KSD) system…
Social Security doesn’t have enough money to pay everything that has been promised, and Sen. Elizabeth Warren (D–Mass.) has a plan to fix that: Making workers pay more in taxes without asking older Americans to give up any of their benefits. Warren has been pushing this idea for a few months now, under the guise of defending Social Security against the Trump administration, which she claims is “threatening the benefits that millions of Americans have paid into their entire working lives.” In reality, the threat to Social Security is the program’s own math. When it reaches insolvency in 2032, the…
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Yesterday, in Make the Road New York v. Mullin, a divided panel of the U.S. Court of Appeals for the D.C. Circuit vacated a district court’s stay blocking the Department of Homeland Security from applying “expedited removal” processes more broadly. Judge…
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The latest and most fearsome round of fighting in the long shadow war with the Islamic Republic of Iran is not ending well for the United States and Israel. The ceasefire agreement signed by President Trump in Versailles on 17 June is not a full peace treaty, but Iran’s leaders have nonetheless greeted it as an unalloyed triumph. They had, they boasted, “through the imposition of their divine and iron will upon the humiliated American and Zionist enemies, demonstrated with strength that the enemy has no path other than accepting defeat and surrender.”Though salient details of the “memorandum of understanding”…
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The Committee to Protect Journalists joined more than 230 journalists and press freedom organizations from 18 countries, in a statement calling on the Peruvian…
If congressional Republicans pivot toward further work on the elections-focused legislation, that may squeeze their bandwidth for other legislation. GOP lawmakers were already pushing…
Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who is serving a 7.5-year prison sentence after reaching a plea agreement…
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to…
Bitcoin could be absent from the world’s top five assets by market cap until 2036, despite an estimate seeing the BTC bear market being…
In brief Bitcoin traded near $64,100 Thursday morning, down about 1% on the day but up roughly 2% over the past week, after the…
This is part of 1776 All-Stars, a series about Reason’s favorite American Founders. Read more here. Joanna Andreasson I do not know my favorite Founder’s…
Bitcoin BTC$64,252.15 has recently been flirting with a level that has historically proved a near-perfect entry point for bulls, generating handsome returns, crypto exchange…
Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event.Key points:Bitcoin approaches the next Fed interest-rate decision…
Today’s guest is Matt Welch, editor at large at Reason and co-host of The Fifth Column podcast. Welch joins Nick Gillespie for a look…
The slide also lands on a sensitive instrument. STRC’s dividends prompted Strategy to sell bitcoin for the first time since it began accumulating bitcoin…
Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of…
