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Mexico Central Bank Governor Rodriguez: Helicoide Detention Center To Be Converted To Social, Sports Center
[Guterres: UN Faces Financial Collapse, Funds May Run Out By July] On January 30, Local Time, UN Secretary-General António Guterres Warned That The UN's Funds May Run Out By July Due To The Accumulating Unpaid Dues, And The Global Organization Is Facing An "imminent Financial Collapse." In A Letter To Permanent Representatives Of Member States To The UN, Guterres Wrote: "This Crisis Is Deepening, Threatening Project Implementation And Risking Financial Collapse. And The Situation Will Worsen Further In The Near Future." Guterres Pointed Out In The Letter That Either All Member States Must Fully And Timely Fulfill Their Dues Obligations, Or Member States Must Fundamentally Reform Their Financial Rules To Prevent The Imminent Financial Collapse
Hong Kong Port Operator Violated Panama's Constitution, Failed To Serve Public Interest, Panama Court Ruled
South Korea Signs Deal With Norway To Supply Multiple Launch Rocket System Valued At 1.3 Trillion Won -South Korea Presidential Chief Of Staff
[Arctic Cold Wave Hits: Florida Citrus Industry At Risk Of Frost] The Southeastern United States Is Bracing For A Powerful Storm, Potentially Bringing Devastating Frost To Florida's Citrus Belt And Heavy Snowfall To The Carolinas. The Wind Chill In Central Florida's Orange-growing Regions Could Drop To Single Digits (Fahrenheit); Much Of Polk County Is Expected To Experience Sub-zero Temperatures, Threatening The Statewide Citrus Harvest. The Storm Is Also Expected To Bring Strong Winds And Coastal Flooding To The East Coast. Approximately 1,000 Flights Have Already Been Canceled Across The U.S. This Weekend, With Half Of Them Concentrated At Hartsfield-Jackson Atlanta International Airport
[Former Goldman Sachs Executive: Warsh's Fed Chairship Could Reduce Risk Of Massive Sell-Off Of US Assets] Fulcrum Asset Management Stated That Nominating Kevin Warsh As The Next Federal Reserve Chairman Reduces The Risk Of A Massive Sell-off Of US Assets Because The New Leader Is Expected To Take Measures To Address Inflation. "The Market Will Breathe A Huge Sigh Of Relief, And So Will The Dollar Market," Said Gavyn Davies, Co-founder And Chairman Of The London-based Firm, In A Video Released On The Fulcrum Website. He Added That Choosing Warsh Reduces The Risk Of A "crisis-laden 'sell America' Trade."
MSCI Emerging Markets Benchmark Equity Index Fell 1.7%, Its Worst Single-day Performance Since November 2025, Narrowing Its January Gain To Approximately 9%, Still Its Best Monthly Performance Since 2012. The Emerging Markets Currency Index Fell About 0.3%, Narrowing Its January Gain To 0.6%. On Friday, The South African Rand Fell 2.6% Against The US Dollar, Its Worst Performance Since April
Pentagon - USA State Department Approves Sales Of Joint Light Tactical Vehicles To Israel For $1.98 Billion
Federal Reserve Governor Bowman: I Look Forward To Working With Kevin Warsh, President Trump's Nominee For Federal Reserve Chairman
On Friday (January 30), At The Close Of Trading In New York (05:59 Beijing Time On Saturday), The Offshore Yuan (CNH) Was Quoted At 6.9584 Against The US Dollar, Down 137 Points From The Close Of Trading In New York On Thursday, Trading Within A Range Of 6.9437-6.9612 During The Day. In January, The Offshore Yuan Generally Continued To Rise, Trading Within A Range Of 6.9959-6.9313
House Speaker Boris Johnson Told House Republicans That He Hopes To Vote On The Senate's Draft Bill On Government Funding Next Monday
Fed Governor Bowman: Absent A 'Clear And Sustained' Improvement In Job Market, We Should Be Ready To Adjust Policy To Bring It Closer To Neutral

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By Elias Schisgall
SoFi Technologies Chief Executive Anthony Noto is pushing hard for Congress to pass the Clarity Act, a bill to establish a framework for regulating the crypto industry.
Noto's Wednesday visit to Capitol Hill, his second in recent weeks, reflects the financial technology company's bet on integrating crypto into the financial system as it rolls out its own stablecoin product.
"We think we're uniquely positioned to benefit the most from cryptocurrency because we are uniquely both a bank and a technology company," Noto said in an interview.
The Clarity Act hit a snag after Coinbase Chief Executive Brain Armstrong pulled his support over a fight with banks on whether and how crypto firms can issue annual rewards to stablecoin holders. Noto favors letting stablecoin issuers give rewards, but called for compromise to support the bill's passage.
"The best legislation is one in which everyone makes a little bit of sacrifice," Noto said, adding that Congress may need to amend the Genius Act, a law passed this past summer regulating stablecoins, in order to get the Clarity Act past the finish line. "No one feels incredibly satisfied with the outcome, but everyone feels good about the outcome, and that's the process of legislation."
He said SoFi has been in dialogue with both crypto and bank leadership, as well as lawmakers.
"We're unique in that we sit on both sides of the aisle, so to speak, and I think have a good vision on what a compromise may be, and are trying to help the participants get to that compromise," Noto said.
SoFi is rolling out SoFiUSD, a dollar-backed stablecoin that is structured to pay interest to retail and enterprise holders. Noto said the coin will first be used for 24/7 settlements on the company's trading platform and with partner corporations, although he declined to say with which firms the company was in talks.
"For settlement, it basically increases the functionality and the availability of moving money," Noto said. He added that many of the stablecoin's applications "will be invisible to people, because at the end of the day, it's a payment rail."
Consumers will be able to buy the stablecoin by the end of the first quarter, Noto said. The company launched a crypto trading platform in November.
But the company sees most of the upside coming from enterprise transactions.
"There will definitely be consumer applications where they can buy SoFiUSD, and we'll make it attractive for them to buy," Noto said. "But I think the largest buy-ins that we anticipate over the next couple of years are going to be between businesses and among businesses."
Noto added that SoFi's position as a company bridging banking services and technology gives it an edge as stablecoin adoption accelerates.
"Because we're a bank and a consumer-facing financial service company, we have the broadest number of uses, which will actually create network effects that will create more liquidity for SoFiUSD and more volume," Noto said. "I think that will be a competitive advantage for us."
Write to Elias Schisgall at elias.schisgall@wsj.com
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