FTX Asks for Its Political Donations to Be Returned
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
FTX Asks for Its Political Donations to Be Returned
FTX Asks for Its Political Donations , to Be Returned.
Insider reports that the bankrupt crypto exchange made the request on Feb.
5.
Any politicians or political action committees who received donations made by FTX founder Sam Bankman-Fried,
FTX executives or other related companies...
... are being asked to
return donations by Feb.
28.
If payments aren't returned by then,
donation recipients may be called to bankruptcy court with added interest.
According to 'The New York Times,' politicians received $90 million from FTX employees.
Bankman-Fried, former CEO of FTX Bahamas headquarters Ryan Salame and FTX's former director of engineering, Nishad Singh, .
Respectively donated $40 million, $23 million and $7.9 million to Democratic causes.
EU States Approve First-Ever , Global Comprehensive Crypto Rules.
The rules were approved at an EU finance minister meeting on May 16, CNBC reports.
Crypto regulation has been at the forefront of discussion since the collapse of FTX.
Recent events have confirmed the
urgent need for imposing rules which will better protect Europeans who have invested in these assets, and prevent the misuse of crypto industry for the purposes of money
laundering and financing of terrorism, Elisabeth Svantesson, finance minister for Sweden, via statement.
Now, any firm within the 27-country bloc
that wants "to issue, trade and safeguard" cryptocurrency must obtain a license, CNBC reports.
The new rules have undoubtedly put pressure on Britain, the U.S. and other countries to approve similar regulations, CNBC reports.
Britain has suggested a phased approach beginning with stablecoins and branching out to unbacked crypto assets, but the country hasn't established a timetable. .
The U.S. has been using existing securities rules and is still deciding if new rules are needed and who would enforce them.
Hester Peirce, a U.S. derivatives regulator commissioner, recently said that federal and state authorities remain uncertain about any oversight role they may offer in the crypto sector.
We are wandering
in the desert a bit, Hester Peirce, a U.S. derivatives
regulator commissioner, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
India-UK joint military exercise āAJEYA WARRIOR-2023ā has come to an end in Salisbury, England. Army personnel from both nations displayed their military skills during the biennial exercise. This year, exercise āAJEYA WARRIOR-23ā featured soldiers from the UKās 16 Air Assault Brigade Combat Teamā¦the 2nd Battalion of the Royal Gurkha Rifles and Indiaās 6th Battalion of the Bihar Regiment. This was the 7th edition of the joint army exercise between two nations. The Ajeya Warrior Exercise is a combined military drill, designed to provide company-level joint training focused on counter-terrorism operations in urban and semi-urban settings. The scope of this exercise involved a Command Post Exercise (CPX) at the Battalion level and Company level Field Training Exercise (FTX). During the exercise, participants engaged in a variety of missions testing their operational acumen in various simulated situations; showcasing and refining their tactical drills, and learning from each otherās operational experience.
#Ajeywarrior#Indiaukarmy#jointexercise
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Biden and McCarthy , Still Havenāt Made a Debt Limit Deal.
June 1 is the deadline for America's
debt limit to be raised before the country defaults for the first time ever.
The House speaker and U.S. president ended
their current round of talks regarding the
situation on the evening of May 22, CNN reports.
The House speaker and U.S. president ended
their current round of talks regarding the
situation on the evening of May 22, CNN reports.
While no deal was reached,
the two leaders are optimistic. .
I felt we had a productive discussion. We donāt have an agreement yet,
but I did feel the discussion was productive in areas that we have differences of opinion, Kevin McCarthy, House speaker, via statement.
We reiterated once again that
default is off the table and the only way to move forward is in good faith toward a bipartisan agreement, Joe Biden, U.S. president, via statement.
While there are areas of disagreement, the Speaker and I, and his lead negotiatorsā¦
and our staffs will continue to discuss the path forward, Joe Biden, U.S. president, via statement.
McCarthy also said that once an agreement is reached, he will uphold the House's three-day rule to make sure legislators have enough time to examine the deal before voting.
But not everyone is so optimistic
about the discussions thus far. .
Democrat Hakeem Jeffries said
things are moving in the "wrong direction.".
Theyāve rejected the fact that
President Biden is willing to consider freezing spending. It will reduce
the deficit by a trillion dollars. , Hakeem Jeffries, House Democratic leader, via statement.
This is what the extreme MAGA Republicans say that they want. They rejected. They rejected an unwillingness to not put the country through this again, Hakeem Jeffries, House Democratic leader, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
5 Takeaways From , Trump's Town Hall .
Following former President
Donald Trump's town hall, CNN reports
on some of the major takeaways. .
Trump dismisses Carroll trial, One day before the town hall, Trump was
found liable for sexual abuse and defamation
against writer Jean E. Carroll in a civil trial. .
Trump dismisses Carroll trial, One day before the town hall, Trump was
found liable for sexual abuse and defamation
against writer Jean E. Carroll in a civil trial. .
When asked, Trump said that he
doubted the outcome of the trial would
harm his standing with female voters. .
View of looming U.S. debt default, Trump predicted that Democrats would compromise,
while insisting that a potentially catastrophic default
is still preferable to continuing unchecked spending. .
View of looming U.S. debt default, Trump predicted that Democrats would compromise,
while insisting that a potentially catastrophic default
is still preferable to continuing unchecked spending. .
Vague stance on abortion, CNN reports that Trump dodged questions
about a potential federal abortion ban,
which has already split the Republican party. .
We now have a great negotiating
ability, and I think weāre going to
be able to get something done, Donald Trump, former President of the United States, via CNN.
Ending the war in Ukraine, CNN reports that Trump refused to pick
sides in the conflict, while emphasizing the
importance of bringing the violence to an end.
I donāt think in terms of winning
and losing. I think in terms of
getting it settled so we
stop killing all these people, Donald Trump, former President of the United States, via CNN.
Repeated claims of election fraud, Trump continued to refute the results of the
2020 presidential election, despite having already
lost dozens of legal cases to overturn the results. .
I think itās a shame what
happened. I think itās a very
sad thing for our country, Donald Trump, former President of the United States, via CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
Bipartisan Senate Bill , Aims to Keep Kids , Under 13 Off Social Media.
This week, senators from both sides of the political divide
announced legislation aimed at protecting children from
aspects of social media found to impact mental health.
NPR reports that a bipartisan group of senators
claim that social media is contributing to
a mental health crisis among young Americans.
NPR reports that a bipartisan group of senators
claim that social media is contributing to
a mental health crisis among young Americans.
The proposed Protecting Kids on Social Media Act , would ban children under the age of 13 , from accessing social media.
Teens from 13 to 18 years old would need
a parent to provide a valid form of ID in order
for them to become users on a platform.
NPR reports that the proposed bill is sponsored by Republican Senators Tom Cotton and Katie Britt, and Democratic Senators Brian Schatz and Chris Murphy.
NPR reports that the proposed bill is sponsored by Republican Senators Tom Cotton and Katie Britt, and Democratic Senators Brian Schatz and Chris Murphy.
NPR reports that the proposed bill is sponsored by Republican Senators Tom Cotton and Katie Britt, and Democratic Senators Brian Schatz and Chris Murphy.
The business model of these apps is
simple, the duration of time the user
spends on the app and the extent to
which they engage with content
is directly correlated with ad revenue, Brian Schatz, Democratic Senator for Hawaii, via NPR.
Hawaii's Sen. Brian Schatz argues that the result of social
media platforms driving users to spend long amounts
of time on their platforms could be "catastrophic.".
Social media [companies] have
stumbled onto a stubborn, devastating
fact: The way to get kids to linger
on the platforms and to maximize
platforms is to upset them, Brian Schatz, Democratic Senator for Hawaii, via NPR.
According to a Pew Research study,
most teens say they go on social media platforms
like YouTube and TikTok at least once every day.
According to a Pew Research study,
most teens say they go on social media platforms
like YouTube and TikTok at least once every day.
The growing evidence is clear:
social media is making kids more
depressed and wreaking havoc
on their mental health, while kids
are suffering, social media companies
are profiting. This needs to stop, Brian Schatz, Democratic Senator for Hawaii, via NPR.
The growing evidence is clear:
social media is making kids more
depressed and wreaking havoc
on their mental health, while kids
are suffering, social media companies
are profiting. This needs to stop, Brian Schatz, Democratic Senator for Hawaii, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
US House Passes , Debt Limit Bill , As Default Looms.
On April 26, House Speaker Kevin McCarthy passed
his debt ceiling bill by a narrow margin of 217 to 215. .
NBC reports that the passage of the bill
throws into question whether the United States
will be able to avoid a looming default.
Both the Democratic-controlled
Senate and the Biden administration have
said that they would not approve the bill. .
Both the Democratic-controlled
Senate and the Biden administration have
said that they would not approve the bill. .
However, Republicans believe that
the passage of the bill in the House opens
the door for further negotiation. .
Now he should sit down and negotiate.
We are the only party to take fiscal
action... that would lift the debt limit
so we wouldnāt have economic damage, Kevin McCarthy, Republican House Speaker, via NBC.
NBC reports that the White House has
said it will not compromise on raising
the debt limit with policy strings attached.
According to the Treasury Department, economic
calamity from the U.S. defaulting on its debts could
happen as early as June 5 if Congress fails to act in time.
According to the Treasury Department, economic
calamity from the U.S. defaulting on its debts could
happen as early as June 5 if Congress fails to act in time.
Our plan has always been the same:
to avoid default, to pass a clean
debt ceiling ā no brinksmanship,
no hostage-taking. , Chuck Schumer, Democratic Senate Majority Leader, via NBC.
However, Senate Minority Leader Mitch McConnell
suggests that a compromise between both
parties is the only way forward.
The agreement needs to be
reached between the speaker
and the president. Until he and
the speaker of the House reach
an agreement, weāll be at a standoff, Mitch McConnell, Republican Senate Minority Leader, via NBC
Credit: Wibbitz Top Stories Duration: 01:30Published
North Dakota , Becomes Latest State , to Pass Strict Abortion Ban.
On April 24, North Dakota adopted one of the United States'
strictest abortion laws, banning the procedure
with few exceptions up to six weeks of gestation.
This bill clarifies and refines
existing state lawā¦ and reaffirms
North Dakota as a pro-life state, Doug Burgum, Republican governor of North Dakota, via 'The Guardian'.
'The Guardian' reports that the new law
allows abortions up to six weeks only in
the case of rape, incest or medical emergency.
North Dakota has always
been pro-life and believed in
valuing the moms and children
both. Weāre pretty happy and
grateful that the governor
stands with that value, Janne Myrdal, Republican senator, via 'The Guardian'.
Since the U.S. Supreme Court overturned
Roe v. Wade last year, numerous states
have moved to ban or restrict the procedure.
Currently, 13 states have already
put bans in place on abortion
at all stages of pregnancy.
Meanwhile, at least 20 Democratic
states have launched a network
to strengthen access to abortions.
'The Guardian' reports that North Dakota
no longer has any abortion clinics, after
the state's last facility in Fargo was shut down.
The owner of that facility, the Red River Women's
Clinic, continues to pursue a lawsuit challenging the
constitutionality of North Dakota's abortion bans.
I donāt think women in North Dakota
are going to accept this and there will be
action in the future to get our rights back.
Our legislature is overwhelmingly
pro-pregnancy, but I think women in the
state would like to make their own decisions, Liz Conmy, Democratic representative for North Dakota, via 'The Guardian'
Credit: Wibbitz Top Stories Duration: 01:31Published
A Capitol Hill rioter who was photographed with his feet on Democrat Nancy Pelosi's desk has been sentenced to four-and-a-half years in prison. Sky News
China Escalates Military Exercises , Against Taiwan After McCarthy-Tsai Meeting.
Taiwan President Tsai Ing-wen met with Speaker Kevin McCarthy last week as part of her multi-day trip through Central and North America.
Taiwan President Tsai Ing-wen met with Speaker Kevin McCarthy last week as part of her multi-day trip through Central and North America.
At the time, China said that if Tsai followed through with meeting McCarthy, it would view the act as "another provocation that seriously violates the one-China principle, harms China's sovereignty and territorial integrity.".
At the time, China said that if Tsai followed through with meeting McCarthy, it would view the act as "another provocation that seriously violates the one-China principle, harms China's sovereignty and territorial integrity.".
On April 10, China said it has successfully completed three days of drills and is "ready to fight.".
'The Hill' reports that according
to Chinese state television, , āmultiple types of units carried out simulated joint
precision strikes on key targets on Taiwan island and
the surrounding sea areas, and continue to maintain
an offensive posture around the island.ā.
The drills simulated sealing off
the self-governed island. .
The theaterās troops are ready
to fight at all times and can fight
at any time to resolutely smash
any form of āTaiwan independenceā
and foreign interference attempts, China's military, via Associated Press.
'The Hill' reports that on April 8,
Rep. Mike Gallagher warned that the U.S. should take China's threats seriously.
We need to be moving heaven and earth to enhance our deterrence and denial posture, so that [Chinese President] Xi Jinping concludes that he just canāt do it, Rep. Mike Gallagher, via 'The Hill'.
China also conducted military drills
last year following former Speaker
Nancy Pelosi's visit to Taiwan.
Credit: Wibbitz Top Stories Duration: 01:30Published
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