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    Private sector pledges $8 billion to battle U.S. hunger

    The pledges were announced as part of a White House summit on Hunger, Nutrition and Health, the first since 1969, with participation from Biden, Agriculture Secretary Tom Vilsack, and Health Secretary Xavier Becerra, as well as several lawmakers and New York City Mayor Eric Adams.”If a parent can’t feed their child, there’s nothing else that matters to that parent,” Biden said. “This is something we should be rallying the whole country to work on together.” Biden aims to end U.S. hunger and reduce diet-related diseases in a majority of Americans by 2030 and has turned to the private sector to underwrite some of the spending after Congress failed to further extend school lunch aid.Pandemic assistance helped quell hunger rates for U.S. families, but hunger again climbed following the expiration of child tax credit payments in January, while soaring food prices stretch family budgets. Congress extended only through September 2022 aid that helped schools feed millions of U.S. children over the last two years. Contributions announced on Wednesday included a pledge by nonprofit FoodCorps to invest $250 million for free, healthy school meals and to expand nutrition education in schools. The Food Industry Association also promised to get members to donate 2 billion meals to food banks and other organizations next year while making it easier to use food stamp benefits online.Wholesale food distributor Sysco (NYSE:SYY) will donate 200 million meals to national hunger-related charities and food banks, worth about $400 million, over the next five years.Senior administration officials briefing reporters declined to offer a timeline for the new aid but said details would be forthcoming.The private sector commitments follow revelations of hundreds of millions of stolen federal dollars that were supposed to be spent on food aid during the coronavirus pandemic. The officials said the administration would work closely with the donors to ensure compliance. More

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    Biden’s cryptocurrency framework is a step in the right direction

    The framework’s recommendations addressed six key areas to protect market participants, offer access to financial services, and promote innovation. While Biden’s administration has focused more on just the protection of consumers in the industry in the past, it is encouraging to see the framework focus on all three groups in the industry — consumers, investors and businesses. The framework cited a 2018 Wall Street Journal study that showed nearly a quarter of coin offerings had red flags such as plagiarized documents and promises for return on investment. To encourage protection, the framework encouraged regulators to “aggressively pursue” unlawful practices in the industry, redouble enforcement efforts, and increase public-awareness efforts to promote education in this area.Continue Reading on Coin Telegraph More

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    Some French unions call strike in test of Macron mettle on pension reform

    The one-day walkout is seen as a test of the unions’ ability to mobilise support and a barometer of potential social unrest as President Emmanuel Macron decides whether to push ahead with plans to reform the pension system.The more moderate CFDT union has shunned the strike call, but its boss Laurent Berger has promised street protests later this year if the government goes too far and too fast on pension reforms.Europe’s cost-of-living crisis is putting upward pressure on wage inflation as private and public companies across the continent face demands from workers to cushion the impact of rising prices.”Wages must be increased as there is a purchasing power problem in the country”, Philippe Martinez, whose CGT union is spearheading Thursday’s protests, told BFM television.The CGT, whose membership includes transport and energy sectors, backs raising the minimum wage to 2,000 euros ($1,947.80) per month, a 32-hour week and retirement at 60. Martinez called on other unions to support the strike action.”If we want to win, all the unions must be together,” he added.Striking CGT workers this week forced the shutdown of TotalEnergies Gonfreville refinery and disrupted deliveries at others.Nuclear power industry workers are expected to join Thursday’s industrial action, removing some capacity from the French power grid when France already faces a record number of nuclear reactor outages. In French primary schools, the SNUipp-FSU union expects one in every 10 primary schools to close in Paris. Disruption to commuter train services into the capital and metro operations should not be severe, according to strike participation forecasts. On average two out of three buses are expected to run in the capital.($1 = 1.0268 euros) More

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    NFT trading volume plunges 98% from January despite rise in adoption

    This represents a decrease of 98% from the $6.2 billion witnessed around the end of January. Weekly NFT trading volume rose to an all-time high of $146.3 billion in early April before falling off a sharp cliff in May with the start of an ongoing crypto bear market. Continue Reading on Coin Telegraph More

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    US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats

    According to a draft bill on amending the Cybersecurity Information Sharing Act of 2015, Blackburn and Lummis suggested U.S. lawmakers allow companies involved with distributed ledger technology or digital assets to report network damage, data breaches, ransomware attacks, and related cybersecurity threats to government officials for possible assistance. Should the bill be signed into law, agencies including the Financial Crimes Enforcement Network and the Cybersecurity and Infrastructure Security Agency would issue policies and procedures for crypto firms facing potential cybersecurity risks.Continue Reading on Coin Telegraph More

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    Genesis director to step down and move into advisory role

    Ballensweig will stay with the firm in the foreseeable future as an advisor and will “take some time to travel and enjoy the holidays with friends and family before delving into my own next chapter.” Previously, Genesis’ CEO Michael Moro stepped down in August as the company began a transition period. Continue Reading on Coin Telegraph More

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    CFTC Commissioner Kristin Johnson touts DCCPA bill in market risk advisory meeting

    This is the first MRAC meeting under Johnson’s leadership. She gave a summary of CFTC actions in the crypto space, including the controversial Ooki DAO case, the recent White House Comprehensive Framework for Responsible Development of Digital Assets and the CFTC roundtable on non-intermediationheld earlier this year. Continue Reading on Coin Telegraph More