International
Trump vows to make US 'crypto capital of the planet'
Washington, July 28 (IANS) Donald Trump, the former US President and Republican nominee for the White House, has pledged to turn the US into the “crypto capital of the planet and the Bitcoin superpower of the world” if elected and unveiled a plan to unlock the potential of the fledgling industry.
The former President on Saturday also promised to appoint an advisory council to frame his administration’s cryptocurrency policy, fire Gary Gensler, the current head of the Securities and Exchange Commission (SEC), which oversees the industry; and free a jailed American who ran the Silk Route market, a dark-net platform, by commuting his life-term sentence to time served in jail.
A one-time sceptic who called cryptocurrency — digital money that is not backed by any central bank — a “sham”, Trump has embraced it in recent months and said in a speech to an annual conference of the industry in Nashville, Tennessee, that Bitcoin — a type of cryptocurrency — “stands for freedom, sovereignty and independence from government coercion”.
“This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” he said.
“We’ll get it done. If crypto is going to define the future, I want it to be mined and made in the USA. It’s not going to be made anywhere else. I want America to be the nation that leads the way. And that’s what’s going to happen, though, you’re going to be very happy with me,” the former President added.
Trump’s journey from aversion to cryptocurrency to conversion was marked by intense industry outreach to him and to his campaign and donations.
The first real sign of the shift in his thinking came in the Republican party’s platform release ahead of the convention in Milwaukee. “Republicans will end Democrats’ unlawful and un-American crypto crackdown and oppose the creation of a Central Bank Digital Currency,” said the platform. “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody their digital assets and transact free from government surveillance and control.”
The SEC has filed more than 80 cases against cryptocurrency industry figures under the Joe Biden administration. The charges range from defrauding customers, misrepresenting assets to making unregistered offerings of cryptocurrency.
“If you are considering a digital asset-related investment, take the time to understand how the investment works and to evaluate its risks,” the agency has warned in an investor alert.
An estimated 50 million Americans have invested in cryptocurrency, according to The Digital Chamber, an advocacy group for the industry. Black and Latino communities account for higher rates, the chamber wrote in a recent letter to Vice-President Kamala Harris urging her to include “pro-digital asset” language in her party platform.
Trump has beaten Harris to it and reinforced it with a policy plan received with loud cheering and applause from the attendees.
Trump promised the attendees that not only would his administration frame laws to encourage the cryptocurrency industry but also remove obstacles impeding the generation of electricity which is needed to power it.
“You need tremendous amounts of electricity. You need double the electricity of the entire electricity that we have right now in the United States to dominate. And we’ll get that done,” he said, adding, “We’ll be having power plants built at the sites. We’ll be releasing people from certain ridiculous requirements, and we’ll be using fossil fuel to make electricity because we’re going to have to. We’ll be using nuclear power.”
The former President left the attendees with a rousing promise, “My job will be to set you free and to let you do what Americans do best, and what you’re going to do better than anybody: Win, win, win. You’re going to win, win, win, with energy, passion and brilliance, like we have rarely seen before. Our country cannot fail. We’re in a failing nation right now, but we’re not going to be alone. Our country cannot fail. With your help, we will save our nation. We will restore our Republic. We will make America and Bitcoin, bigger, better, stronger, richer, freer and greater than ever before.”
–IANS
yrj/sha
International
Lee Hsien Yang seeks refuge in United Kingdom
Lee Hsien Yang, the youngest son of Singapore’s founding father, the late Lee Kuan Yew, announced on Tuesday that he is now a political refugee in the United Kingdom after seeking asylum from the British government “as a last resort.”
“I remain a Singapore citizen and hope that someday it will be safe to return home,” Lee stated in a Facebook post, as reported by Channel News Asia (CNA).
Citing what he described as the Singapore government’s “attacks” against him, Lee, who is the younger brother of former Prime Minister Lee Hsien Loong, revealed that he sought asylum protection in 2022.
Lee Hsien Yang and his late sister, Lee Wei Ling, who passed away earlier this month, have been in conflict with their brother Lee Hsien Loong over the fate of their father’s home following his death in 2015, resulting in a public dispute that has estranged the siblings.
In an interview with the UK-based newspaper The Guardian, Lee alleged that a “campaign of persecution” compelled him to seek asylum in Britain.
In response to his claims, the Singapore government stated that there is “no basis” for his allegations of “a campaign of persecution” or other assertions regarding political repression in the country.
“Singapore’s judiciary is impartial and makes decisions independently. This is why Singaporeans have a high level of trust in the judiciary,” a government spokesperson remarked.
The spokesperson added that there are no legal restrictions preventing Lee and his wife, lawyer Lee Suet Fern, from returning to Singapore. “They are and have always been free to return to Singapore,” the spokesperson said.
Lee and his wife have been outside of Singapore since 2022, having opted not to attend a scheduled police interview regarding potential offenses related to providing false evidence in judicial proceedings concerning their father’s will and the family home.
Lee and his late sister, who had been living at the property, alleged they felt threatened while trying to fulfill their father’s wish to demolish the house. They also accused their elder brother, former Prime Minister Lee Hsien Loong, of abusing his governmental influence to advance his personal agenda.
International
Indo-Russian ties are stronger than ever before at BRICS
Kazan, Russia: Prime Minister Narendra Modi held a bilateral meeting with Russian President Vladimir Putin on the sidelines of the 16th BRICS Summit.
During the meeting, President Putin remarked, “I recall our meeting in July, where we had productive discussions on various issues. We’ve also spoken over the phone several times. I am very grateful you accepted the invitation to come to Kazan. Today, we will attend the BRICS Summit’s opening ceremony, followed by dinner.”
PM Modi responded by expressing his appreciation, saying, “I sincerely thank you for your friendship, warm welcome, and hospitality. It’s a great pleasure to visit such a beautiful city as Kazan for the BRICS Summit. India shares deep historical ties with this city, and the opening of our new embassy here will further strengthen these connections.”
International
Laos seeks to enhance nutrition amid climate change concerns
Vientiane (Laos), Aug 22 (IANS) Representatives from the Lao government and development partners have attended a conference here titled “Climate Change and Nutrition in Laos: Intersections and Interventions” to discuss the impact of climate change on nutrition in the Southeast Asia country and potential solutions.
Speaking at the conference, deputy director general of the Department of Hygiene and Health Promotion under the Lao Ministry of Health Viengkhan Phixay, said, “We gather to address a critical and interwoven issue: the impact of climate change on nutrition and how we can work together to tackle these challenges,” Xinhua news agency reported.
The Lao government is actively engaged in this endeavor, with numerous policies and initiatives aimed at addressing both climate change and nutrition, Lao National Television reported on Thursday.
“By leveraging the Scaling Up Nutrition network in Laos, which is led by the government, and supported by civil society, donors, and the United Nations, we have a robust platform to tackle the negative impacts of climate change while improving nutrition and overall health for everyone in Laos,” Viengkham said at the conference held on Monday.
The conference featured a series of presentations that not only detailed evidence-based research but also introduced innovative tools for measuring and enhancing nutrition under the impact of climate change.
The conference stressed the critical need for integrated approaches to tackle the intertwined challenges of climate change and nutrition, and setting the stage for impactful future collaborations.
–IANS
int/psd
International
One killed, seven injured in shootout in Iraq
Baghdad, Aug 22 (IANS) A civilian was killed while seven others were injured on Thursday in a tribal shootout in Iraq’s holy Shiite province of Najaf, according to a local security source.
The shootout erupted in the early hours between armed men from the local tribe in the al-Zarga area in northern Najaf, some 160 km south of Baghdad, a local police officer told Xinhua on condition of anonymity.
The clash resulted in the killing of an Iraqi civilian and the injury of seven others, including three Iranian Shiite pilgrims, the source added.
A joint force from the Interior Ministry’s emergency response division and Najaf provincial police arrested 53 gunmen from both sides of the shootout and seized weapons and ammunition, the Interior Ministry said in a statement.
It added that search operations are ongoing to locate additional gunmen and weapons, with more details to be released later.
The incident took place as numerous pilgrims traveled to the city of Karbala to observe Arbaeen, which marks the end of a 40-day mourning period for the killing of Imam Hussein, the grandson of Prophet Muhammad, in the Battle of Karbala in 680 A.D.
Typically, these pilgrims also visit Najaf as part of their journey to Karbala.
–IANS
int/jk/arm
International
Bangladesh seeks $1 billion budget support from World Bank
Dhaka, Aug 22 (IANS) Bangladesh’s interim government has sought $1 billion from the World Bank as budgetary support.
The call came from the country’s Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan’s meeting with Abdoulaye Seck, the World Bank’s Country Director for Bangladesh and Bhutan, in Dhaka on Wednesday.
He made the plea as the ministry owes more than 2 billion dollars to suppliers in import costs of power and energy, Xinhua news agency reported.
Khan mentioned that the interim government, which was formed with many pressing mandates, is due to settle a $2 billion debt left by the previous government in the power sector.
He said they have already suspended activities under the much-criticized Quick Enhancement of Electricity and Energy Supply Act 2010 and abolished the government’s power to set energy prices without any public hearing.
On August 5, the former Prime Minister of Bangladesh, Sheikh Hasina, was ousted from her country and power, ending her rule since January 2009.
This event was seen as a massive escalation, with what initially started as student’s protests and resulted in a major crisis in Bangladesh.
Earlier on August 8, Nobel laureate Muhammad Yunus took oath as the head of Bangladesh’s interim government.
–IANS
int/jk/as
-
Video2 years ago
PM Modi Attacks Congress in Karnataka with “Kerala Story”
-
Politics2 years ago
Siddaramaiah & DK Shivakumar sworn in as Chief Minister & Deputy CM respectively
-
Cricket2 years ago
CSK players rejoice 5th IPL title with their families (Pics)
-
Entertainment2 years ago
Karan Deol weds his longtime Girlfriend Drisha Acharya (Pics)
-
Entertainment2 years ago
Urvashi Rautela dazzles on Cannes 2023 red carpet (Pics)
-
Sports7 years ago
History Of Official FIFA WORLD CUP Match balls
-
Entertainment2 years ago
Sunny Leone gets ready for Kennedy premiere in Cannes (Pics)
-
India2 years ago
Ashwini Vaishnaw: Railway Board recommends CBI probe in the Odisha railway disaster