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Bitcoin climbs as crypto regulation bills stumble in Congress: CNBC Crypto World

Bitcoin climbs as crypto regulation bills stumble in Congress: CNBC Crypto World

CNBC16-07-2025
On today's episode of CNBC Crypto World, bitcoin climbed after the House approved a procedural vote to consider three key crypto regulation bills after GOP lawmakers halted their passage the day before. Plus, Zack Shapiro, head of policy at the Bitcoin Policy Institute, breaks down the three crypto-related bills currently sitting in the U.S. House of Representatives.
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Disgraced ex-Rep. Anthony Weiner makes blunt prediction about Zohran Mamdani, top Dems in NYC mayoral race: ‘It's inevitable'
Disgraced ex-Rep. Anthony Weiner makes blunt prediction about Zohran Mamdani, top Dems in NYC mayoral race: ‘It's inevitable'

New York Post

timean hour ago

  • New York Post

Disgraced ex-Rep. Anthony Weiner makes blunt prediction about Zohran Mamdani, top Dems in NYC mayoral race: ‘It's inevitable'

Top New York Democrats will swallow hard and eventually endorse lefty socialist Democratic nominee Zohran Mamdani for mayor, ex-Rep. Anthony Weiner predicts. Weiner, the convicted perv whose own career crashed amid sexting scandals, said it was 'inevitable' that the nation's leading Democrats in Congress — Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries — would eventually back Mamdani. 'At the end of the day, people like Chuck Schumer and Hakeem Jeffries, they are going to have to endorse the nominee of their party [Mamdani],' Weiner said Sunday on 'The Cats Roundtable' radio program on WABC 770 AM. 6 Ex-Rep. Anthony Weiner predicts New York Democrats will eventually endorse Zohran Mamdani for mayor. AP 6 'At the end of the day, people like Chuck Schumer and Hakeem Jeffries, they are going to have to endorse the nominee of their party [Mamdani],' Weiner said on 'The Cats Roundtable' radio program. Getty Images 'I think it's inevitable,' he told host John Catsimatidis of the two lawmakers from Brooklyn. Some moderate Democrats who detest Mamdani's views will not endorse him — but Schumer and Jeffries as party leaders can't avoid the spotlight, he said. 'Some people can stay on the sidelines, and I think you're going to see a lot of people do that. but the leaders of the party, which Chuck and Hakeem are, are caught between the devil and the deep blue sea,' he said. 6 'They don't want to harm their moderate candidates all around the country, which are the ones they need to take back the House and Senate,' Weiner said about why Schumer and Jeffries have not endorsed the democratic socialist yet. REUTERS 'They've got the Democratic Party, who's now chosen their nominee,' Weiner said. Top Dems like Schumer and Jeffries have been dragging their feet on endorsing Mamdani to avoid harming moderate members of their party in the 2026 midterms, Weiner opined. 'The reason Chuck and Hakeem have been so slow to endorse Zohran is because they don't want to harm their moderate candidates all around the country, which are the ones they need to take back the House and Senate,' he said. 'That's a political question for them.' 6 According to Weiner, 'unfortunately, or fortunately … I think we're going to have Zohran Mamdani as the mayor in New York City.' James Keivom Republicans are already trying to link their Democratic rivals to Mamdani in this year's municipal elections across the Empire state. Weiner also predicted that Mamdani, as the Democratic nominee, will win the mayoralty. 'Unfortunately, or fortunately … I think we're going to have Zohran Mamdani as the mayor in New York City,' he said. Start your day with all you need to know Morning Report delivers the latest news, videos, photos and more. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Catsimatidis noted that two other Democrats are running as independent candidates in the November election — incumbent Mayor Eric Adams, who didn't run in the June Democratic primary, and ex-Gov. Andrew Cuomo, who lost badly to Mamdani in that race. But Weiner dismissed their chances at winning while running on independent ballot lines in the general contest. Weiner attempted his second comeback, running for a City Council seat in District 2 on Manhattan's East Side in June, but lost badly to Assemblyman Harvey Epstein. 6 Weiner, whose career crashed amid sexting scandals, attempted his second comeback by running for a City Council seat in District 2 on Manhattan's East Side in June, but lost. Paul Martinka Weiner's downfall began in 2011, when he resigned from Congress after admitting he'd sent salacious selfies to at least six women. He then saw his comeback campaign for mayor in 2013 go down in flames when it was revealed he resumed the pervy activity using the pseudonym 'Carlos Danger.' Weiner later developed a months-long online relationship with a 15-year-old girl, whom he asked to dress up in school uniforms and be part of 'rape fantasies,' prosecutors charged. He pleaded guilty to sexting with a minor and did some prison time. His scandal-scarred baggage and criminal conviction may make him unelectable — but Weiner suggested his more moderate brand of politics played a role. 6 Weiner had previously resigned from Congress after admitting he'd sent salacious selfies to women. Angelina Katsanis/AP 'Right now, the Democratic Party in a lot of parts of New York … is very, very left to the point of falling off the edge of the cliff,' he told Catsimatidis. Many mainstream or moderate Democratic lawmakers are 'looking over their shoulders wondering if the next AOC [Rep. Alexandria Ocasio-Cortez] or Zohran Mamdani is going to be coming out of the woodwork to win in a primary,' Weiner said. While leftist or Democratic socialist candidates have won some races, they haven't shown yet that they can govern effectively, he said. 'The one thing that the left hasn't shown that they can do – if you look at Chicago and San Francisco – they haven't shown that they can govern yet,' Weiner said. 'The bigger problem is what outcomes are we going to get as citizens and taxpayers if these candidates are successful? Unfortunately, it looks like we're going to find out in New York City.'

MAGA eager for D.C. patrols to spread to other cities
MAGA eager for D.C. patrols to spread to other cities

Axios

time2 hours ago

  • Axios

MAGA eager for D.C. patrols to spread to other cities

President Trump 's MAGA movement sees his D.C. crackdown as being about more than just crime — it's an opportunity to deal another setback to liberals by expanding the movement in urban areas. Why it matters: Despite the protests over Trump's stunning show of force on D.C.'s streets, MAGA's most vocal voices believe that if the anti-crime push is successful — and Trump is certain to declare it so — it could win converts in cities and help expand the movement's rural base. "We have an opportunity to show city folks that life doesn't have to be this way," one senior MAGA media figure told Axios. "There are things you can do to control crime. This definitely could spread to other cities, simply by demand." Reality check: Trump's D.C. crime claims don't match the data. Violent crime is falling in the city, not rising, Axios D.C.'s Anna Spiegel reports. Plus, D.C.'s status as a federal city gives the president unique powers with the National Guard and federal law enforcement there. Any attempt by Trump to impose similar federal patrols in other Democrat-run cities likely would be met with the type of protests that Trump's immigration crackdown sparked in Los Angeles. Such a move against local control — which historically has been a top cause for Republicans — also could fuel a political backlash against Trump and MAGA at a time when the president is desperate to maintain GOP control of Congress in the 2026 midterms. And even in D.C., Trump's efforts are facing legal hurdles. A federal judge on Friday got the administration to back off replacing the head of city's police department with the head of the Drug Enforcement Administration. Driving the news: For now, MAGA is celebrating. Videos of homeless people's encampments being razed in D.C. and federal officers on patrol in the city are spreading like wildfire across right-wing social media accounts. MAGA-friendly podcasters are gleefully speculating about what other blue cities could get the same treatment. Cities Trump has slapped with the "high-crime" stereotype — Baltimore, Chicago, San Francisco and more — are being cited as logical next steps for federal intervention. D.C. Mayor Muriel Bowser's office didn't immediately respond to a request for comment on how effective the crackdown has been so far, but Trump administration officials are releasing their own stats as part of a PR blitz. The big picture: Trump's movement is dominant across rural America. Now MAGA thought leaders want to activate "citycons," as podcaster Jack Posobiec said on his show Thursday — urban Americans supposedly pushed to the right by crime concerns, widespread homelessness, locked-up CVS shelves and local governments' struggles to stop crimes affecting the quality of life. "The Trump administration is showing that every part of urban decay that the public hates is a choice," MAGA activist Charlie Kirk posted on X. "If D.C. is clearly better, cleaner, safer, and more pleasant a month from now, what excuse will the left have for every other city in the country?" Between the lines: With or without the federal crackdown, crime rates are likely to be lower a month from now in D.C. and other cities. Zoom out: In the meantime, MAGA media is enjoying scenes from the D.C. crackdown.

Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service
Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service

The Hill

time3 hours ago

  • The Hill

Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service

WASHINGTON (AP) — A year after being lauded for its plan to replace thousands of aging, gas-powered mail trucks with a mostly electric fleet, the U.S. Postal Service is facing congressional attempts to strip billions in federal EV funding. In June, the Senate parliamentarian blocked a Republican proposal in a major tax-and-spending bill to sell off the agency's new electric vehicles and infrastructure and revoke remaining federal money. But efforts to halt the fleet's shift to clean energy continue in the name of cost savings. Donald Maston, president of the National Rural Letter Carriers' Association, said canceling the program now would have the opposite effect, squandering millions of dollars. 'I think it would be shortsighted for Congress to now suddenly decide they're going to try to go backwards and take the money away for the EVs or stop that process because that's just going to be a bunch of money on infrastructure that's been wasted,' he said. Beyond that, many in the scientific community fear the government could pass on an opportunity to reduce carbon emissions that contribute to global warming when urgent action is needed. Electrified vehicles reduce emissions A 2022 University of Michigan study found the new electric postal vehicles could cut total greenhouse gas emissions by up to 20 million tons over the predicted, cumulative 20-year lifetime of the trucks. That's a fraction of the more than 6,000 million metric tons emitted annually in the United States, said professor Gregory A. Keoleian, co-director of the university's Center for Sustainable Systems. But he said the push toward electric vehicles is critical and needs to accelerate, given the intensifying impacts of climate change. 'We're already falling short of goals for reducing emissions,' Keoleian said. 'We've been making progress, but the actions being taken or proposed will really reverse decarbonization progress that has been made to date.' Many GOP lawmakers share President Donald Trump's criticism of the Biden-era green energy push and say the Postal Service should stick to delivering mail. Sen. Joni Ernst, R-Iowa, said 'it didn't make sense for the Postal Service to invest so heavily in an all-electric force.' She said she will pursue legislation to rescind what is left of the $3 billion from the Inflation Reduction Act allocated to help cover the $10 billion cost of new postal vehicles. Ernst has called the EV initiative a 'boondoggle' and 'a textbook example of waste,' citing delays, high costs and concerns over cold-weather performance. 'You always evaluate the programs, see if they are working. But the rate at which the company that's providing those vehicles is able to produce them, they are so far behind schedule, they will never be able to fulfill that contract,' Ernst said during a recent appearance at the Iowa State Fair, referring to Wisconsin-based Oshkosh Defense. 'For now,' she added, 'gas-powered vehicles — use some ethanol in them — I think is wonderful.' Corn-based ethanol is a boon to Iowa's farmers, but the effort to reverse course has other Republican support. Rep. Michael Cloud, R-Texas, a co-sponsor of the rollback effort, has said the EV order should be canceled because the project 'has delivered nothing but delays, defective trucks, and skyrocketing costs.' The Postal Service maintains that the production delay of the Next Generation Delivery Vehicles, or NGDVs, was 'very modest' and not unexpected. 'The production quantity ramp-up was planned for and intended to be very gradual in the early months to allow time for potential modest production or supplier issues to be successfully resolved,' spokesperson Kim Frum said. EVs help in modernization effort The independent, self-funded federal agency, which is paid for mostly by postage and product sales, is in the middle of a $40 billion, 10-year modernization and financial stabilization plan. The EV effort had the full backing of Democratic President Joe Biden, who pledged to move toward an all-electric federal fleet of car and trucks. The 'Deliver for America' plan calls for modernizing the ground fleet, notably the Grumman Long Life Vehicle, which dates back to 1987 and is fuel-inefficient at 9 mpg. The vehicles are well past their projected 24-year lifespan and are prone to breakdowns and even fires. 'Our mechanics are miracle workers,' said Mark Dimondstein, president of the American Postal Workers Union. 'The parts are not available. They fabricate them. They do the best they can.' The Postal Service announced in 2022 it would deploy at least 66,000 electric vehicles by 2028, including commercial off-the-shelf models, after years of deliberation and criticism it was moving too slowly to reduce emissions. By 2024, the agency was awarded a Presidential Sustainability Award for its efforts to electrify the largest fleet in the federal government. Building new postal trucks In 2021, Oshkosh Defense was awarded a contract for up to 165,000 battery electric and internal combustion engine Next Generation vehicles over 10 years. The first of the odd-looking trucks, with hoods resembling a duck's bill, began service in Georgia last year. Designed for greater package capacity, the trucks are equipped with airbags, blind-spot monitoring, collision sensors, 360-degree cameras and antilock brakes. There's also a new creature comfort: air conditioning. Douglas Lape, special assistant to the president of the National Association of Letter Carriers and a former carrier, is among numerous postal employees who have had a say in the new design. He marvels at how Oshkosh designed and built a new vehicle, transforming an old North Carolina warehouse into a factory along the way. 'I was in that building when it was nothing but shelving,' he said. 'And now, being a completely functioning plant where everything is built in-house — they press the bodies in there, they do all of the assembly — it's really amazing in my opinion.' Where things stand now The agency has so far ordered 51,500 NGDVs, including 35,000 battery-powered vehicles. To date, it has received 300 battery vehicles and 1,000 gas-powered ones. Former Postmaster General Louis DeJoy said in 2022 the agency expected to purchase chiefly zero-emissions delivery vehicles by 2026. It still needs some internal combustion engine vehicles that travel longer distances. Frum, the Postal Service spokesperson, said the planned NGDV purchases were 'carefully considered from a business perspective' and are being deployed to routes and facilities where they will save money. The agency has also received more than 8,200 of 9,250 Ford E-Transit electric vehicles it has ordered, she said. Ernst said it's fine for the Postal Service to use EVs already purchased. 'But you know what? We need to be smart about the way we are providing services through the federal government,' she said. 'And that was not a smart move.' Maxwell Woody, lead author of the University of Michigan study, made the opposite case. Postal vehicles, he said, have low average speeds and a high number of stops and starts that enable regenerative braking. Routes average under 30 miles and are known in advance, making planning easier. 'It's the perfect application for an electric vehicle,' he said, 'and it's a particularly inefficient application for an internal combustion engine vehicle.'

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