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Crypto Markets Panic: Where Things Went Wrong

May 19, 2021 This morning saw mass chaos in the crypto markets, as Bitcoin fell 30%, leveling close to $30,000 at one point, and Ethereum losing more than 40% of its value, per the Financial Times. Traffic and sell-offs were so pronounced that Coinbase (COIN), Kraken, and Gemini, all main crypto exchanges, suffered outages or other technical difficulties. Major crypto exchange Binance had also announced that it was temporarily disabling ether withdrawals because of high traffic, and then later suspended trading for all leveraged tokens except those on Bitcoin, Ethereum, and BinanceCoin. Musk’s Tweet Moves Markets So what happened to spark the downward dive?

Biden s China-First Tax Plan—Americans Come Last in President s Jobs Plan

May 19th, 2021 2 min read COMMENTARY BY Distinguished Visiting Fellow, The Heritage Foundation Mike Pence joined The Heritage Foundation as a distinguished visiting fellow after serving four years as vice president of the U.S. U.S. President Joe Biden delivers remarks in the East Room at the White House in Washington, DC on May 17, 2021. NICHOLAS KAMM / AFP / Getty Images Key Takeaways Under the Trump-Pence administration, we proved that low taxes are the key to creating prosperity for Americans of every background and income group.   President Biden is threatening to bring back the anemic job growth, stagnant wages and rampant offshoring that defined his term as vice president.  

Sen Richard Shelby proposes 17% flat tax

Sen. Richard Shelby proposes 17% flat tax Updated May 19, 12:34 PM; Posted May 19, 12:34 PM Sen. Richard Shelby has re-introduced legislation that would establish a flat tax on all income.Sen. Richard Shelby Facebook Share The Simplified, Manageable and Responsible Tax – or SMART – Act, would set a 17% tax on all income. “Our nation’s current tax code is complex, unclear, and costly to hardworking Americans.  Every year on Tax Day, we are reminded of this unfortunate reality,” said Shelby, who has long advocated for the flat tax. “If my legislation, the SMART Act, was in place instead of current law, taxpayers would file a simple, self-explanatory return that’s the size of a postcard.  Should Congress pass my bill, every American would be taxed equally and at the same rate.”

Crypto, Tech Sell-Off Sends Stocks Lower — Cramer and Others on What to Watch

Crypto, Tech Sell-Off Sends Stocks Lower — Cramer and Others on What to Watch
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