Crypto bills backed by Trump fail vote in Congress

Several cryptocurrency regulation bills backed by President Donald Trump on Tuesday failed to clear a key procedural hurdle in the House of Representatives, dealing a major blow to the crypto industry. The final vote on the rule was 196-223, with 13 Republicans voting with Democrats to block the procedural motion. The measure cannot move forward…

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Strait of Hormuz reopening may take weeks

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel…

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