Federal Reserve Holds Steady for Fifth Time, Waller Reiterates 2% Inflation Target Unchanged

The Federal Reserve has held steady for the fifth time, with Waller emphasizing that the 2% inflation target remains unchanged and that rate hikes will be implemented without hesitation if necessary. Coinbase CEO stated that it is time to advance CLARITY. 134 U.S. banking executives jointly sent a letter to the Senate, demanding tighter regulations on the Clarity Act's stablecoin incentive provisions. Russia has issued an international arrest warrant for Telegram founder Pavel Durov, accusing him of aiding terrorist activities. The founder of crypto fund Translunar has been sentenced to 37 months in prison for tax evasion, involving the concealment of $7 million in income. Robinhood reported a 44% year-over-year increase in trading revenue for the second quarter, forecasting market revenue of $156 million, surpassing crypto trading.

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