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Tag: administration
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.
Supreme Court expected to say whether full SNAP food payments can resume
It’s up to the U. S. Supreme Court and Congress to decide when full payments will resume under the SNAP food aid program that helps 1 in 8 Americans buy groceries as the financial pressures mount on families in some states.
Shaheen says ‘we are going to continue to fight’ after supporting shutdown deal
The U. S. Senate has taken the first step towards a deal that would end the federal government shutdown. New Hampshire Sen. Jeanne Shaheen has been negotiating with Republicans and was one of seven Democrats to vote in favor of the agreement on Sunday.
‘Last Week Tonight’ Bids Adieu To “Deeply Weird” Eric Adams In Audit Of Scandal-Ridden Mayoralty
Last Week Tonight honored its native New York City as John Oliver conducted an audit of Eric Adams’s scandal-ridden mayoralty and welcomed recently minted mayor-elect Zohran Mamdani, an introduction that led to resounding cheers from the live audience. As Oliver discussed Mamdani’s triumphant speech which he characterized as an “entirely earned victory lap” [.].
Government Shutdown May Be Nearing End As Senators Reach Deal On Advancing Funding Legislation
The longest government shutdown in U. S. history may be nearing its end, as a group of senators said that a deal had been reached to move forward funding legislation. The Associated Press reported that Sen. Jeanne Shaheen (D-NH), Sen. Maggie Hassan (D-NH) and Sen. Angus King (I-ME) has reached a deal to extend government funding [.].
Trump Brags About Canceling Flights and SNAP Benefits on ‘SNL’: ‘How Will I Afford My Thanksgiving Turkey? Your Family’s Not Coming Because All the Planes Are Gone’
“Saturday Night Live” got straight to President Trump in its cold open for this week’s episode, with James Austin Johnson’s commander-in-chief bragging from the Oval Office about the ongoing government shutdown, which has dragged on since Oct. 1. “The Supreme Court said we could stop feeding poor people. You can clap for that. SNAP!” Trump [.].
SNAP Grew 40% in a Few Years Under the Biden Administration
The Supreme Court (Ketanje Brown Jackson) has temporarily blocked Judge McConnell’s order to create money out of air to fund SNAP, a corrupt program that exploded under the four years of Joe Biden. SNAP UPDATE: The Supreme Court has issued a temporary stay. The Federal Government can’t just create money for food stamps when Democrats [.] The post SNAP Grew 40% in a Few Years Under the Biden Administration appeared first on www. independentsentinel. com.
A New and Inspirational Business Relationship with Central Asia
The Trump administration has established a strong business relationship with Central Asia, countries rich in natural resources who need help developing them. They want to be independent and free of China and Russia. This is a mutual opportunity as the US turns to Asia, a neglected and rich area of the world. The C5+1 Welcome [.] The post A New and Inspirational Business Relationship with Central Asia appeared first on www. independentsentinel. com.
A Tribute from Iraq to Dick Cheney
“Rest in peace,” Iraqi government spokesperson Bassem al-Awadi said in a eulogy for the former U. S. vice president shared with Newsweek. “Without delving into the intentions behind actions, the change that took place in Iraq under your leadership and that of President Bush in 2003 was profound. Despite all the events that followed, the transformations Iraq witnessed after the fall of Saddam’s regime were vast and astonishing, though many have tried to distort them to serve their own interests,” Awadi said. “The numbers are remarkable, Mr. Dick Cheney, and too many to list here.” Iraqis are even more divided on.