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Trump ‘rattled’ by developments in the last ten days: report

Ten days since the 2025 elections and President Donald Trump and his allies are reeling, reports Newsweek columnist Jesus Mesa.“.[a] series of political blows [have] left his allies rattled, his base divided, and his once-durable administration suddenly strained,” said Mesa, explaining that the pain began with different Republican factions clawing one another after a bad off-year election.“We got our a– handed to us,” said Trump ally and failed Republican gubernatorial candidate Vivek Ramaswamy of the 2025 elections. Trump “moved quickly to deflect blame,” said Mesa, declaring on his Truth Social site that “TRUMP WASN’T ON THE BALLOT,” and he insisted on a Fox News interview the next morning that, “It’s no good if we do a great job and [Republicans] don’t talk about it.”But exit polls say voters were responding to broader concerns about the state of the country and especially the economy-which they firmly identify as Trump’s economy, Mesa said. Combined with the president’s faltering support among Latinos, voters routed Republicans by unexpected percentages that look bad for the upcoming mid-terms elections if the national mood doesn’t improve. Then, right after the elections, Mesa said Trump enflamed his MAGA base with an interview with Laura Ingraham, where he was pressed on whether the U. S. should continue issuing H-1B visas for foreign tech workers. Trump defended the program. “You do need to bring in talent,” he said, adding that the U. S. lacks certain skills for high-tech industries. When Ingraham pushed back, saying, “We have plenty of talented people here,” Trump responded flatly: “No, you don’t.”The “America First” MAGA influence-sphere exploded, accusing Trump of betrayal.“On-again, off-again allies like Ann Coulter and other far-right figures lashed out, calling the comment a slap in the face to American workers,” reported Mesa. “By the next day, aides insisted Trump was talking about the failures of the U. S. education system, not American talent itself.”And that was not the end, Mesa added. Just as Trump was declaring victory over the government a government shutdown, new revelations pulled convicted sex-trafficker Jeffrey Epstein back into the spotlight.“On November 12 for another day.”And it’s not over. “Next week, the House is scheduled to hold a floor vote requiring the Justice Department to release the full Epstein dossier, including thousands of unclassified documents, memos, and internal communications,” Mesa reported. “The vote was forced after Massie’s discharge petition secured the 218 signatures needed to bypass Speaker Mike Johnson.” “We might as well just do it,” Johnson told reporters.

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Bipartisan pair of US senators push proposal to shift crypto oversight to CFTC

The post Bipartisan pair of US senators push proposal to shift crypto oversight to CFTC appeared com. A bipartisan pair of US senators moves ahead with a proposal that might allow the primary oversight of the crypto market to the Commodity Futures Trading Commission (CFTC). However, this move is seen as a shift pushed by the industry and quietly backed by the Trump administration. The discussion draft is pitched by Sen. John Boozman (R-Ark.) and Sen. Cory Booker (D-N. J. This comes in when the digital assets market is already dealing with huge turbulence. The cumulative crypto market cap has dropped from the $4 trillion mark to hover around $3. 5 trillion over the past 30 days. Bitcoin price dropped by almost 6% in the same period. Senators push to curb the SEC’s power According to reports, the draft would classify most cryptos as digital commodities rather than securities. It suggests that exchanges and trading platforms will be answerable to the CFTC instead of the Securities and Exchange Commission (SEC). This will open up a new regime of registration requirements, disclosure rules, and fee structures for firms operating in the space. Sen Booker sees this as a first step, as the legislation is far from settled. Meanwhile, the real challenge could be the CFTC’s capacity to deal with new cases. As of now, the agency is severely understaffed, with only one active commissioner. Caroline Pham is the only one left on its five-member panel following a string of resignations. Trump’s nominee to run the agency, former CFTC lawyer Mike Selig, is still awaiting Senate confirmation. The staffing issue stands as the crux of the political fight. Democrats are worried that shifting the role to the CFTC without expanding the agency’s resources would leave crypto lightly supervised. The crypto market is in the expanding phase right now. On the other side, Republicans see the CFTC as a more predictable and.