The GENIUS Act’s Hidden Ripples: Unintended Consequences for Banks and U.S. Capital Flows
On July 18, 2025, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, or the GENIUS Act, into law. This important new law creates the first complete set of federal rules for payment stablecoins1. The GENIUS Act aims to encourage new ideas, better protect consumers, and keep the U.S. […]
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Copper Tariffs: Rationale and Potential Consequences
Understanding the Copper Tariff This week Donald Trump announced a proposed 50% tariff on copper imports, with an effective date of August 1, 2025. This new duty applies to refined copper and copper alloys entering the United States. The move comes as part of a broader strategy by the administration to reassess and reconfigure global […]
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Stablecoins: A Primer
Hemispheres Investment Management provided this article for educational purposes only and is not making an investment recommendation. Please consult with your financial advisor before making investment decisions. Introduction A stablecoin is a form of cryptocurrency designed to solve a fundamental problem in the crypto space: the inherent price volatility of major cryptocurrencies like Bitcoin and […]
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