South Korea appears to be softening its stance on cryptocurrency trading. According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government “will support [cryptocurrency trading] if normal transactions are made.” At a meeting with representatives from cryptocurrency exchanges, Choe also said the government will “encourage” banks to work with cryptocurrency exchanges, the report states. While …

House Republicans were forced into a humiliating climbdown on Tuesday after Donald Trump tweeted criticism of their move to gut an independent congressional ethics watchdog. Members ditched their plan to severely weaken the independent Office of Congressional Ethics (OCE) at an emergency meeting just before the start of a new legislative session on Capitol Hill in Washington. The original rule …