MNI POLITICAL RISK - US Lawmakers Back Frozen RUS Asset Plan

Executive Summary:

• Congressional proponents of the REPO Act, the bill which passed Congress last month authorising the US to seize frozen Russia assets, have backed Treasury Secretary Janet Yellen’s plan to securitize the interest of assets rather than pursuing the wholesale seizure of assets.
• The House of Representatives will vote today on a bill which would make the CFTC, rather than the SEC, the primary regulator of cryptocurrency.
• US Secretary of State Antony Blinken told Congress he would consider working with Republicans on bipartisan legislation against the International Criminal Court over its application for arrest warrants for Israeli government officials.
• Ukrainian President Volodymyr Zelenskyy urged NATO to assist in shooting down Russian missiles, and Washington to permit Kyiv to use US-supplied weapons to strike targets in Russia.
• The United States Trade Representative released additional details on new US tariffs on USD$18 billion of Chinese imports.
• Former President Donald Trump’s defence rested in his Manhattan ‘hush money’ trial, ending speculation that Trump could take the stand as a defence witness.
• The Biden administration intends to release around 1 million barrels of gasoline from reserves to bring down pump prices in the Northeast of the US.
• Poll of the Day: New polling analysis appears to show that there are more ‘never Biden’ voters than ‘never Trump’ voters, hinting that one of the main variables of the 2024 presidential election – the voting intention of the so-called ‘double haters’ – could break from Trump in November.

Please find the new article attached below:

MNIPOLRISKUSDaily220524.pdf