While such scenarios take months to play out, traders price in changes anticipating lower earnings, which leads to a drop in equity valuations. On Wednesday, for example, U.S. futures on S&P 500 dropped 0.4% while technology-heavy Nasdaq dropped 0.6%. European markets showed nominal movement as Germany’s DAX rose less than 0.1% while Stoxx 600 slid 0.1%.
Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering
Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency...