Sanctions Bill Against Russia Blocked Until Elections
The sanctions bill against Russia, passed by the U.S. Senate, is facing resistance in the House of Representatives and is likely to remain blocked until the elections on November 3. Lawmakers are concerned that it will expand President Donald Trump's powers and lead to rising oil prices. House Speaker Mike Johnson expressed doubt about voting on the bill, noting that lawmakers will only be working in Washington for a few days over the next two months. He emphasized the need for proper wording of the law. Chairman of the Foreign Affairs Committee Brian Mast noted that the bill could affect fuel prices, forcing India and other buyers to seek oil from other countries. Democrats are worried that Trump will use the law to impose sweeping tariffs. Congressman Gregory Meeks and Democrat Brad Schneider criticized the bill for giving the president additional powers. Earlier, Senator Richard Blumenthal had mentioned the possibility of the bill being passed in September. On August 7, the Senate supported the sanctions bill against Russia and Iran, with 86 senators voting in favor.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Trump Pushes Hyperliquid Compliance into the U.S., Possibly via Bitnomial

Trump Claims Growth Won't Lead to Inflation, Advocates for Lowest Global Interest Rates

US-Iran Tensions May Be Delayed Until After Midterm Elections

Ripple CEO Says U.S. Goal of Becoming Crypto Hub is Achievable

Trump Demands Money from Europe for Aid to Ukraine During Biden's Presidency

Reform UK received 75% of Q2 donations from BitMEX co-founder

French Hill Advocates Bipartisan Support for Clarity Act

Despite Trump's Tariffs, U.S. Trade Deficit Reaches $88.6 Billion

OpenAI Releases GPT-6 Astra: The Closest AI Model Yet to AGI

Trump's Digital Asset Policy Expected to Increase Demand for U.S. Treasury Bonds

Trump Conducts Over 1,000 Securities Transactions in June, Valued Up to $263 Million

Trump Hosts Cryptocurrency and Wall Street Executives at the White House

Iran Challenges the US with a Pressure Strategy over the Strait of Hormuz and Global Trade

Cryptocurrency Fills the 900 Million Annual Fee Pit for Robots

Pentagon Investigates Whether COVID Vaccines Contributed to Military Deaths

New method allows tracking genetic activity of living cells without destroying them

Texas Opens 100 MW Battery Center to Strengthen U.S. Electric Grid

Trump Supports Ranchers After Allowing More Meat Imports

States must report irregular immigrants or risk welfare funds, warns DOJ

U.S. Government Asks Supreme Court to Activate New Mail-in Voting Rules

21 States Sue Federal Government Over Denial of Medicaid Funds for Trans Youth Care

DHS Expands Birthright Citizenship Dispute to Foreign Government Employees

Solana v1 Transactions Prepare for Compatibility Check Ahead of 4096-byte Transition

Despite Limited Purchases by the BCRA, Reserves Increased by Nearly $1 Billion in the Week

Trump is Rebuilding the CFTC, But It Might Not Favor Crypto

Tokenization of Real Estate Credit Unites BB, Caixa, and Cooperatives

Bitwise 14% yield gap in XRP futures shows how institutions are quietly extracting cash from traders

Why 89% of tokenized RWAs remain idle despite a $34.6 billion market: Falcon exec explains

$52.5 Billion Net Exposure Differed from Official Net Assets








