Author: Daniel snow

LONDON — The U.K. is set to lift a ban on a key type of crypto debt security in a bid to catch up to the U.S. and other financial hubs as it looks to become a global hub for digital assets.On Friday, the Financial Conduct Authority, the U.K.’s main regulator for financial services, announced a proposal to reverse its ban on offering crypto exchange-traded notes to retail investors.Exchange-traded notes are a type of debt instrument that are linked to one or more specified assets — cryptocurrencies, in this case. In essence, they allow investors to gain exposure to digital…

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President Donald Trump gestures toward the press as he greets German Chancellor Friedrich Merz upon arrival at the West Wing of the White House in Washington, DC, on June 5, 2025.Saul Loeb | Afp | Getty ImagesGerman Chancellor Friedrich Merz’s meeting with U.S. President Donald Trump was dramatically overshadowed by the U.S. leader’s spat with Elon Musk. But it was still seen as a win for Merz.”Being sidelined is not necessarily always a bad thing,” Carsten Brzeski, global head of macro at ING, told CNBC on Friday. “In fact, it might have even helped Merz as the Musk distraction was…

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Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump is “not interested” in having a call with Tesla CEO Elon Musk to resolve their feud, a senior White House official told NBC News on Friday morning.Trump’s chief of staff, Susie Wiles, separately told NBC that “there are no plans for that today,” when asked about a report by Politico that White House aides “scheduled a call Friday with the billionaire CEO of Tesla to broker…

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