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09:09
Protections for DeFi developers in the U.S. Senate cryptocurrency market structure bill face joint opposition from law enforcement groups
Foresight News reports that, according to POLITICO, several law enforcement organizations, including the National Sheriffs’ Association and the Association of Prosecuting Attorneys, have recently sent letters to members of Congress opposing a provision in the Senate cryptocurrency market structure bill that would protect DeFi software developers from being classified as money transmitters. They argue that this provision would undermine law enforcement’s ability to combat financial crime.Senate Banking Committee Chair Tim Scott and Senator Cynthia Lummis insist that the provision cannot be removed, and the crypto industry has also made it clear that it will not accept changes to the substantive text. However, Democratic Senator and Judiciary Committee Chair Chuck Grassley and others have called for the language to be revised. Whether the bill will gain bipartisan support to advance to committee review after Congress recesses remains to be seen.
09:07
Indian Minister of Petroleum departs for Qatar to seek swift access to liquefied natural gas supplies
Golden Ten Data, April 9 — India’s Oil Minister Puri will begin a two-day visit to Qatar on Thursday, using the opportunity provided by the preliminary ceasefire between the US and Iran to urge Qatar to prioritize the supply of natural gas to India and accelerate the delivery of civilian fuels. Half of India’s natural gas demand and two-thirds of its liquefied petroleum gas (commonly used for cooking) rely on imports, most of which come from the Middle East. The six-week-long Gulf War has left India facing a chain reaction of industrial supply shortages and rising prices. Qatar is India’s largest supplier of liquefied natural gas and liquefied petroleum gas, accounting for 45% and 20% of India’s imports, respectively. According to informed sources, Puri is expected to request Qatar to accelerate supply and give priority to India in terms of liquefied natural gas. India’s Ministry of Petroleum announced the unscheduled visit on social media, but did not provide further details.
09:07
U.S. Stocks Move: BlackBerry rises nearly 3% in pre-market trading ahead of earnings release
Golden Finance April 9|BlackBerry (BB.US) rose 2.83% before market, trading at $3.63. According to reports, BlackBerry will release its financial report before the U.S. stock market opens on April 9 (today) Eastern Time.
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