Crypto: Trump Moves On The Fed, Italy Warns ‘fin-fluencers’: Global Express

US President Donald Trump is bringing criminal charges against the head of the Fed in what many see as a political move motivated by a desire for lower interest rates.

The US Department of Justice, at the direction of President Donald Trump, has opened a criminal investigation into Federal Reserve Chairman Jerome Powell.

The DOJ alleges that the chair has misallocated funds in the course of renovations of Federal Reserve office buildings, a claim that Powell has denied.

The Fed chair said that the charges were politically motivated and “a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”

Trump had previously toured the office buildings that were under renovation, alleging that the Fed, at Powell’s direction, was supposedly over budget.

Trump has long sought to exert more control over the Federal Reserve and has expressed frustration over what he sees as insufficiently low interest rates.

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX pic.twitter.com/O4ecNaYaGH

Major US crypto exchange Coinbase has halted fiat operations in Argentina just one year after entering the country’s market.

The exchange reportedly halted Argentine peso-based services following a review of its operations. It said that the “deliberate pause” will give it time to assess the sustainability of its product offerings in the region.

Argentine users won’t be able to buy or sell USDC (USDC) with pesos or withdraw funds to local bank accounts by the end of January.

Source: CoinTelegraph