McCarthy projected confidence ahead of tonight's House vote on the debt limit bill but said he would talk to House Majority Whip Tom Emmer for the latest count. Several U.S. House and senate members from both parties have expressed the desire to vote "NO" on the current bill. If the bill doesn't pass we may experience extreme volatility across the stock market and crypto markets.
PBN Research
Armstrong: US Crypto Policy will benefit China
https://ambcrypto.com/coinbase-ceo-says-u-s-crypto-policy-will-end-up-benefiting-china/
Armstrong emphasized that crypto’s purpose extended beyond its utility in digital payments.
That shift will compromise America’s legacy of pioneering technological advancements, and weaken our national security posture.”
Hong Kong collab with UAE
https://cointelegraph.com/news/hong-kong-uae-central-banks-collab-crypto-rules
On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the Central Bank of the United Arab Emirates (CBUAE), with the two agreeing to “strengthen cooperation” on “virtual asset regulations and developments.”
The two central banks also pledged to facilitate discussions on “joint fintech development initiatives and knowledge-sharing efforts” with each region’s respective innovation hubs.
Recession Imminent
https://twitter.com/GameofTrades_/status/1663628845596168194