Coinbase and Robinhood are among the stacked reporting docket this week, with their trading results likely to see an uptick thanks to a hot crypto market. How do expectations stack up?
No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by rules guarding against deceptive practices regarding consumers, the head of the Federal Reserve said on Tuesday as he was pressed by a senior Democratic senator to ensure the CFPB remains funded. The Trump administration has told the agency's staff to stay home and cease enforcement activities as part of Elon Musk's government efficiency drive. "If the CFPB is not there, examining these giant banks to make sure they are following laws on not deceiving consumers, who is doing that job?"
As of 10:23 a.m. ET, the price of Cardano (CRYPTO: ADA) had shot 12.5% higher from the late afternoon yesterday, Litecoin (CRYPTO: LTC) traded 5% higher, and the meme token Dogecoin (CRYPTO: DOGE) was up 1.5%. President Donald Trump's pro-crypto administration has significantly increased expectations for new possibilities in the crypto world, including the addition of more spot crypto ETFs. Recently, the well-known crypto investment firm Grayscale filed an application to list a Cardano ETF on the New York Stock Exchange, surprising some who didn't consider such an ETF a possibility.