TRUMP IS USING TARIFFS TO BRING SEMICONDUCTOR PRODUCTION BACK TO AMERICA US is considering to extend tariffs beyond chips that are imported to laptops, gaming consoles and data centre servers containing them. Foreign companies could receive tariff relief if they invest in American chip factories, turning exemptions into an incentive to move production to the US. America once controlled 37% of global chip-manufacturing capacity, but its share had fallen below 10% by 2024. US had already imposed a 25% tariff on a narrow group of imported advanced chips in January. TSMC has increased its US investment for chip production to $265 billion. While Washington aims to bring 40% of Taiwan’s chip supply chain and production to America. But factories take years to build. Until they are ready, broader tariffs could make electronics and AI infrastructure more expensive. The proposal remains under consideration and could still change before being formally announced. $BTR $MAGMA #MananBnb #BitcoinHoldsNear$79400 #tariff
🚨BREAKING : UK government formally orders the Bank of England to advance stablecoin and digital money innovation.
The Treasury will introduce a new legal “secondary objective” requiring the Bank of England to actively support innovation in payments and digital money, including stablecoins.
The change is expected to arrive through an amendment to the Financial Services and Markets Bill, due for debate in the House of Lords next month.
Financial stability remains the Bank’s primary objective. The new mandate is explicitly secondary to that. $USD1
The Bank of England will also be required to report to Parliament annually on its progress, adding real pressure to actually deliver.
This follows criticism that the Bank has been too cautious with stablecoins and digital assets so far. $BTC
City minister Lucy Rigby said the goal is to keep the UK a global leader in financial services as digital finance evolves. $BTR
BlackRock's $IBIT.ETF posts record weekly volume for a positive week, as Head of Digital Assets Robbie Mitchnick says fiscal debt concerns make the case for $BTC stronger than ever. $BTR