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Warren Buffett – The Undefeated Investment Legend Amid the Tariff Storm According to Bloomberg’s billionaire rankings, after the U.S. stock market plummeted due to President Trump’s tariff policy on April 3, 2025, Warren Buffett emerged as a rare bright spot. Trump imposed a total tariff of 54% on Chinese goods (34% new plus 20% existing) and 20-25% on EU goods, sending shockwaves through global markets. U.S. stock indices dropped sharply, causing significant losses for top billionaires: Elon Musk lost $130 billion, Jeff Bezos lost $45.2 billion, and Mark Zuckerberg lost $28.1 billion. All 15 top billionaires saw their wealth decline, except for Buffett. Buffett, whose wealth increased by $12.7 billion to $155 billion, held the 6th spot. As chairman of Berkshire Hathaway, he navigated the crisis with a long-term value investing strategy, focusing on fundamentally strong companies like Coca-Cola, Apple, and American Express, rather than chasing short-term market fluctuations. While the tech sector—where many other billionaires had heavily invested—struggled under the tariffs, Buffett’s diversified portfolio in consumer goods, insurance, and energy sustained his growth. At 94, Buffett continues to demonstrate wisdom and composure, living up to his philosophy, “Be greedy when others are fearful.” He not only weathered the market storm but also reinforced his reputation as the “Oracle of Omaha.” Buffett truly deserves the title of an undefeated investment legend, proving that value investing can triumph over any challenge, no matter how severe the tariffs.

The U.S. Securities and Exchange Commission (SEC) has clarified its stance on certain stablecoins, stating that it does not have jurisdiction over these digital assets or their issuers. This announcement is part of a broader effort by the SEC, under the leadership appointed by U.S. President Donald Trump, to delineate areas of the crypto sector that fall outside its regulatory scope. The agency's Crypto Task Force has been instrumental in easing regulatory pressures on digital assets, previously identifying memecoins and proof-of-work crypto mining as outside its purview. The latest statement from the SEC's Division of Corporation Finance, issued on Friday, asserts that certain stablecoins do not constitute securities and therefore do not require registration under the Securities Act. The statement specifies that transactions involving the minting and redeeming of these stablecoins do not need to be registered with the SEC, as they are intended for use in commerce, payments, money transmission, and value storage, rather than as investment vehicles. However, the statement's criteria may exclude Tether's USDT, as it notes that acceptable reserves should not include precious metals or other crypto assets, which are part of Tether's reserves. Additionally, the requirement for tokens to be redeemable for dollars at any time may conflict with Tether's terms of service, which suggest potential restrictions. Congress is actively working on establishing new standards for stablecoin issuance, with the House Financial Services Committee advancing a bill towards a vote in the House of Representatives. The Senate is also considering a similar bill, both receiving bipartisan support. Despite their stable nature, stablecoins have become a contentious political issue, with the Trump-backed World Liberty Financial proposing its own stablecoin, and concerns from some congressional Democrats about Elon Musk's potential involvement in the sector. SEC Commissioner Hester Peirce, leading the agency's task force, emphasizes the importance of these preliminary, nonbinding actions to reduce crypto resistance at the SEC, suggesting that non-fungible tokens (NFTs) may also be considered for similar statements. The SEC is preparing for its second crypto summit next week, focusing on trading. The agency may soon see a leadership change if Trump's nominee for permanent chairman, Paul Atkins, is confirmed by the Senate. Interim Chairman Mark Uyeda has already initiated significant changes to the SEC's approach to crypto regulation, including dismissing several enforcement cases against digital asset businesses, although some cases remain active

Dogecoin's price is facing a significant threat, with a potential 60% crash to $0.06 looming on the horizon. Here are three key reasons contributing to this bearish outlook: A "death cross" pattern has appeared on Dogecoin's chart, signaling a likely steep drop in price. This pattern is considered a negative signal in technical analysis, indicating a potential reversal in the market. The liquidation heatmap shows a massive liquidation zone below Dogecoin's current price. If the price falls to this level, it could trigger long liquidations, leading to additional selling pressure and pushing the price even lower. Elon Musk, once a vocal supporter of Dogecoin, seems to have abandoned his "DOGE Father" role. This lack of support from a high-profile figure could contribute to a decline in investor confidence, further exacerbating the price drop. $DOGE

Today, the US Senate Banking Committee voted 13-11 along party lines to advance President Donald Trump’s nominee, Paul Atkins, for SEC Chair. The nomination now proceeds to the full Senate approval for a confirmation vote. In addition, Jonathan Gould has been picked as the US Comptroller of the Currency. Paul Atkins previously served as an SEC commissioner from 2002 to 2008, where he was known for advocating deregulatory policies. His nomination has been met with both support and criticism. Republican Senator Tim Scott praised Atkins for his experience and his stated intent to depoliticize financial regulation and provide clarity for digital assets. On the other hand, Democratic Senator Elizabeth Warren expressed concerns, citing Atkins’ past regulatory decisions and potential conflicts of interest due to his advisory roles in the financial sector. She also referenced the current administration’s efforts, with billionaire Elon Musk’s support, to “shut down entire government agencies” along with mass layoffs of government workers. Warren also said she would not vote to confirm these administration officials when Trump and Musk are actively destroying government agencies. The panel also approved nominations for Luke Pettit (Treasury assistant secretary) and Marcus Molinaro (federal transit administrator) today. With the committee’s approval, Atkins’ nomination proceeds to the Senate floor, and given the Republican majority, his confirmation is expected. Still, debates may continue regarding his regulatory philosophy and past affiliations. In the past, Atkins has indicated that digital assets would be a top priority under his leadership at the SEC. He has criticized previous regulatory approaches to cryptocurrencies and expressed his support for establishing a rational regulatory framework to foster innovation while ensuring investor protection. Naturally, these words were more than enough to be thoroughly welcomed by many in the crypto industry who anticipate clearer guidelines and increased institutional adoption. If his words prove to be true, Atkins’ potential confirmation as SEC Chair could shift the agency’s focus toward innovation-friendly policies, especially for cryptocurrency, amid ongoing SEC legal battles like the $150 million lawsuit against Elon Musk. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

JUST IN: 🇪🇺 European Union prepares to fine Elon Musk's X $1,000,000,000 for "disinformation."