SEC Closes Gemini Probe, Trump Announces 25% Tariffs, and More — Week in Review

The SEC closed its nearly two-year-long probe into Gemini. President Donald Trump announced 25% tariffs on EU auto and pharmaceutical imports. Institutional moves also caught attention as Blackrock transferred significant amounts of Bitcoin and Ethereum, raising fears of potential sell-offs. Robert Kiyosaki warned that missing gold reserves in Fort Knox could destabilize the U.S. economy. XRP hovered around $2.58, struggling alongside broader market declines as traders braced for heightened volatility.

SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement

The Securities and Exchange Commission (SEC) has closed its investigation into Gemini, a cryptocurrency exchange… read more.

Editor’s comment: This was one of many stories this week of the SEC stepping back from enforcement actions pursued by the Biden administration.

Trump Announces 25% Tariffs on EU Imports, Bitcoin Slides Under $84K

President Donald Trump announced 25% tariffs on European Union auto imports, pharmaceuticals… read more.

Editor’s comment: Markets, both crypto and traditional, did not receive news of Trump’s new tariffs well.

Blackrock Under the Microscope

Blackrock has transferred about 18,168 ether and 1,800 bitcoin, worth around $44 million and $160 million… read more.

Editor’s comment: It’s too early to tell if this will result in selling, but the market is in such a fearful state that it is anticipating Blackrock’s actions to be negative.

Robert Kiyosaki: Missing Fort Knox Gold Would Unleash World Chaos

Robert Kiyosaki warned that if Fort Knox gold is missing, the U.S. economy could collapse, the dollar would crash… read more.

Editor’s comment: If Trump goes to Ft. Knox and the gold that’s supposed to be there isn’t fully accounted for, the amount missing could have mild to severe repercussions. I don’t think it would be bad for the U.S. dollar unless nearly all of the gold is missing, though.

Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

XRP presently hovers at $2.58 per token, boasting a $149 billion market valuation and $4.66 billion in daily… read more.

Editor’s comment: Along with the rest of the market, XRP has suffered sustained declines.

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