The Venezuelan bolivar has sharply declined against the U.S. Dollar, recently surpassing 100 VES per USD, driven by secondary tariffs from the Trump administration. This situation, along with reduced oil production, is expected to exacerbate inflation and recession, significantly impacting Venezuelans’ livelihoods.
China and Spain have condemned the U.S. Tariffs, fearing disruptions in their crude imports. U.S. Senator Ted Cruz praised the Senate’s bipartisan vote against the IRS’s crypto regulations, suggesting a shift towards supporting decentralized finance amidst tightening economic measures.
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