Tether CEO Paolo Ardoino on the passage of GENIUS Act, future of stablecoins
Tether CEO Paolo Ardoino joins 'Squawk Box' to discuss the passage of the landmark GENIUS Act in the Senate earlier this week, details of the bill, impact on the future of stablecoins, and more.
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Wall Street Journal
22 minutes ago
- Wall Street Journal
‘Charles Sumner' Review: Fighting Slavery on the Senate Floor
Among the leaders of the Civil War era, figures such as Abraham Lincoln, Frederick Douglass and Harriet Tubman stand tall. Charles Sumner, the abolitionist and senator, was their contemporary—yet many Americans today associate his name with a single historical moment: when Preston Brooks, the representative from South Carolina, viciously beat him with a cane on the floor of the Senate Chamber in 1856. Sumner deserves to be remembered for much more than being the victim of Brooks's assault, argues Zaakir Tameez in his engrossing biography 'Charles Sumner: The Conscience of a Nation.' Mr. Tameez, a scholar of antitrust and constitutional law, has written an excellent book about the courageous Massachusetts senator, whom the author calls 'the most famous civil rights leader of the nineteenth century.' A physically and intellectually imposing figure whose heart 'bled for abolition, racial justice, and constitutional democracy,' Sumner pushed U.S. presidents and Senate colleagues alike to end slavery before the Civil War and to secure black rights during Reconstruction. Mr. Tameez's monograph joins Stephen Puleo's 'The Great Abolitionist' (2024) as the only two biographies of Sumner to have been published since David Herbert Donald's 'Charles Sumner and the Rights of Man' (1970). The excision of some repetitious material could have reduced the protracted length of Mr. Tameez's book, but 'Charles Sumner' is nonetheless an engaging account. Drawing from hundreds of letters, articles and speeches, Mr. Tameez has created a remarkable portrait of a complex man who faced many personal challenges. Depression stalked Sumner throughout his life, but his desire for racial justice gave him a sense of purpose and a will to live. As a young man, he struggled with his sexuality, partaking in 'romantic friendships' with married men—including Samuel Gridley Howe, the abolitionist and physician, and Henry Wadsworth Longfellow, the poet—and failing to find happiness with Alice Hooper, who abandoned him after mere months of matrimony. Heart disease afflicted Sumner in his older age, causing painful episodes of angina that sapped his strength and impeded his ability to work. Sumner's unwavering commitment to uplifting African-Americans was informed by his childhood on the North Slope of Boston's Beacon Hill, where he was born, in 1811, in a predominantly black community. Mr. Tameez describes Sumner's birthplace as 'featuring gaslit lamps, steep cobblestone roads, and redbrick sidewalks'; these distinctive elements didn't emerge until years later, but Beacon Hill at the turn of the 19th century was exceptional in other ways. Approximately 1,000 free African-Americans lived there and helped produce a 'bubbling movement of Black abolitionism,' Mr. Tameez tells us, making the neighborhood 'a beacon of hope' at a time when slavery was still legal in many states.
The Hill
30 minutes ago
- The Hill
Democrat calls for renaming of Russell Senate Office Building
Rep. Al Green (D-Texas) is urging senators to rename the Russell Senate Office Building on Capitol Hill because of former Sen. Richard Russell's history of opposing civil rights and avowing white supremacy. 'Throughout his career, Senator Russell engaged in constant lobbying on behalf ofopponents to Civil Rights,' Green wrote in a letter to senators Thursday about the Georgia Democrat who died in 1971. 'Perhaps most telling of his beliefs, during a lengthy filibuster against anti-lynching legislation, Senator Russell professed a willingness to uphold 'white supremacy in the social, economic, and political life of our state.'' 'His public assertions, including ones that declared America 'a white man's country' and his outspoken opposition to 'political and social equality with the Negro,' further underscored his divisive ideology,' Green added. Russell, who was Georgia's governor for two years in the 1930s, held his Senate seat for nearly four decades until his death. Green asked senators to revert to using the name 'Old Senate Office Building' for the structure built in the early 1900s that 33 senators and five committees currently occupy. It was named in honor of Russell the year after he died. 'It has long past time to remove this insult to people of goodwill from a building paid for and maintained with public funds,' Green wrote. 'The notion that the Senate cannot agree on a new permanent name does not prevent the Senate from reverting to the previous name, which was 'The Old Senate Office Building,' until a new permanent name is approved.' Green sponsored a House resolution in 2020 urging senators to change the name, but the effort was opposed by the then-Republican senators from Georgia. 'Renaming the Russell Senate Office Building is a powerful step in rejecting Russell's legacy rooted in racial division and oppression,' Green said in a statement on his renewed push. Georgia Democratic Sens. Jon Ossoff and Raphael Warnock both took office in 2021. Warnock is the state's first Black senator, and Ossoff is the first Jewish senator from Georgia. Ossoff and Warnock's offices didn't immediately respond to The Hill's request for comment on whether they support the change.
Bloomberg
35 minutes ago
- Bloomberg
Stock Movers: Carmax, Darden Restaurants, Circle
On this episode of Stock Movers: - CarMax (KMX) shares rise after comparable sales and earnings per share for the first quarter that beat consensus estimates. - Darden (DRI) share rise after the company reported comparable sales growth for the fourth quarter that topped the average analyst estimate. - Circle (CRCL) shares rise after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar.
