As Republican senators deliberate on President Trump’s proposed tax and spending bill, the renewables industry has been caught off guard by developments that could severely slow the clean energy transition—just when it matters most.

The U.S. government has threatened to impose significantly higher tariffs on Japanese imports unless a trade deal is finalised by July 9. This warning comes as the temporary tariff reduction, initiated on April 2—dubbed “Liberation Day” by President Trump—approaches its expiration.

Figma, the leading design software company, has revealed a significant exposure to Bitcoin and crypto assets as it prepares to go public. According to a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, the company holds nearly $70 million in Bitcoin exchange-traded funds (ETFs) and has earmarked $30 million in stablecoins for future Bitcoin purchases.

Crypto exchanges Bybit and OKX have both launched fully regulated platforms in Europe this week, marking a significant move spurred by the European Union’s Markets in Crypto-Assets Regulation (MiCA), which recently came into full effect.

Grayscale Investments has received regulatory approval from the U.S. Securities and Exchange Commission (SEC) to convert its Digital Large-Cap Fund into a spot exchange-traded fund (ETF), the company announced Tuesday.