SAEDNEWS: Bloomberg News announced that Donald Trump, the elected President of the United States, plans to make the development of virtual currencies and related policies a national priority through an executive order upon his return to the White House.
According to SaedNews, Bloomberg News announced that Donald Trump, the elected President of the United States, plans to make the development of virtual currencies and related policies a national priority through an executive order upon his return to the White House.
As part of this plan, Trump intends to establish an advisory council to formulate the U.S. government's policies on virtual currencies. Informed sources also indicate that discussions are ongoing to issue a directive to all U.S. government agencies to review their policies on virtual currencies.
It is reported that existing legal proceedings in the U.S., including actions against Binance, might be suspended in the future. The future U.S. government is also considering the possibility of creating a virtual currency reserve account for the country.
The Federal Statistical Office of Germany reported that, for the first time in over two decades, the country's economy shrank for the second consecutive year in 2024. The GDP of Germany decreased by 0.2% last year, following a 0.3% decline in 2023.
Trump's tariff plans for electric vehicles are adding more uncertainty to the automotive industry. The U.S. automotive sector is still trying to find its footing after the pandemic boom, and the potential future Trump administration may contribute to this uncertainty.
The head of Turkey's Central Bank stated that they aim to reduce the country's inflation to 21% by the end of 2025. Fatih Karahan mentioned that with the measures taken, they initially prevented inflation from rising to higher levels.
New data shows that about 500,000 tons of Russian oil products are stranded at sea in tankers that were targeted by U.S. sanctions a week ago. The new sanctions against Russia affected over 183 tankers and insurance companies.
The OPEC+ group is set to begin lifting some of its supply restrictions in 2025, but it will face numerous uncertainties and must be prepared to respond to unpredictable events, from concerns about weak demand to supply uncertainties. OPEC+ has a challenging year ahead.
The Russian Prime Minister announced that the country has adapted to life under sanctions by increasing domestic production. Mikhail Mishustin stated that the country has managed to adapt to foreign sanctions by increasing domestic production and replacing imported goods with domestic products.
The U.S. Department of Energy predicted that oil prices will decrease in 2025 compared to 2024, and this trend will continue in 2026. Brent oil prices are expected to decrease by 8% in 2025 compared to last year, averaging $74 per barrel.
