Washington, April 25 (IANS) A sharp partisan divide emerged in the US Congress over how to secure critical mineral supply chains, with lawmakers and industry witnesses warning that China’s dominance poses risks to national security while disagreeing on whether environmental laws are part of the problem.At a House Energy and Commerce subcommittee hearing, Chairman Gary Palmer said China “has aggressively sought to dominate the global market for critical minerals with dire consequences for our…
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Washington, Feb 6 (IANS) The US Treasury is betting that stablecoins backed by government securities can strengthen the global role of the dollar, with Treasury Secretary Scott Bessent defending new legislation on digital assets before Congress.Testifying before the Senate Banking Committee, Bessent praised the GENIUS Act, which requires stablecoins to be backed by high-quality liquid assets such as US Treasuries.“This framework has the potential to expand dollar dominance, increase global dem…