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Bloomberg reveals Tether's lobbying role in shaping the GENIUS Act stablecoin law.

Market News
24 Jul 2026
AMBCrypto
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Neutral
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Bloomberg published an investigation showing that Tether actively lobbied U.S. lawmakers to influence the GENIUS Act, the first federal law regulating payment stablecoins. Tether focused on provisions affecting overseas issuers, compliance rules, and reserve requirements. The investigation highlights Tether's engagement with key officials during the Trump administration and how the final law differed from earlier proposals due to these negotiations. Tether CEO Paolo Ardoino has not publicly responded but previously praised the law after attending its signing at the White House.

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Crédit Agricole Normandie-Seine posts record H1 2026 results despite geopolitical and economic challenges

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Crédit Agricole Normandie-Seine reported strong first-half 2026 results with record credit and deposit volumes, a 15.2 million euro increase in net banking income, and a 13.9% rise in net profit to 65.1 million euros. The bank's credit portfolio reac...

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Precious Metals & Critical Minerals Virtual Investor Conference presentations now available on-demand.

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Virtual Investor Conferences announced that presentations from the July 22-23 Precious Metals & Critical Minerals Virtual Investor Conference are now available for on-demand viewing for 90 days. Investors can access company materials and schedule one...

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EquipmentShare sued for securities fraud over undisclosed related-party deals post-IPO, stock drops 34.5%.

EquipmentShare sued for securities fraud over undisclosed related-party deals post-IPO, stock drops 34.5%.

EquipmentShare.com Inc. and some executives face a securities fraud lawsuit alleging they misled investors by not disclosing ongoing related-party transactions after their January 2026 IPO. The complaint claims founder-related entities continued undi...

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BiomX's Zorronet expands in Europe with AI collaborations in agriculture and transport security

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BiomX's subsidiary Zorronet has partnered with Czech company Samura s.r.o. to expand its AI-powered monitoring technology across Central and Eastern Europe. The collaborations focus on smart pest management in agriculture and protecting critical tran...

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Philip Morris reports strong Q2 2026 with 7.6% revenue growth but faces U.S. market challenges.

Philip Morris reports strong Q2 2026 with 7.6% revenue growth but faces U.S. market challenges.

Philip Morris posted solid Q2 2026 results, achieving 7.6% organic net revenue growth and strong momentum in its smoke-free product segment. Despite this, concerns remain as revenue from combustible products also rose, indicating a slower shift away ...

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