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US House passes crypto industry-backed market structure bill

US House passes crypto industry-backed market structure bill

Reuters17-07-2025
July 17 (Reuters) - The U.S. House of Representatives passed a bill on Thursday that would develop a regulatory framework for cryptocurrencies and expand the Commodity Futures Trading Commission's oversight of the industry.
The move is a major win for the digital asset industry, which has pushed for federal legislation for years and spent heavily in last year's elections to promote pro-crypto candidates.
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CNN host laughs at Republican senator as he fact-checks him on Epstein ‘sweetheart' deal
CNN host laughs at Republican senator as he fact-checks him on Epstein ‘sweetheart' deal

The Independent

time24 minutes ago

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CNN host laughs at Republican senator as he fact-checks him on Epstein ‘sweetheart' deal

CNN's Jake Tapper repeatedly fact-checked a Republican senator on air Sunday as the lawmaker insisted that Democrats and Barack Obama's administration were at fault for a 'sweetheart' deal that allowed Jeffrey Epstein to escape his 2008 conviction on child sex charges virtually unscathed. Sen. Markwayne Mullin appeared on CNN's State of the Union and repeatedly claimed that a plea agreement to keep Epstein from being charged federally for child sex crimes was signed in 2009, under the Obama administration. But Epstein's plea agreement was drafted in 2007 and signed in 2008, when he pleaded guilty to soliciting a minor for sex, before Obama was even president. 'It was 2008,' Tapper corrected him, chuckling. Tapper noted that the U.S. attorney who oversaw the non-prosecution agreement was Alex Acosta, who went on become Donald Trump's secretary of labor during his first administration. 'It all took place in 2008,' Tapper said. Mullin then shot back, asking 'who was in office at the time?' — seemingly making the error of assuming that Obama was the president. Obama won the presidential election that year but was inaugurated in January 2009. 'In 2008, George W. Bush was the president,' Tapper said, as he was cut off by Mullin repeating his question. 'George W. Bush.' Mullin went on to insist that because the case was 'sealed in 2009' that Democrats were somehow involved. A clearly exasperated Tapper responded that 'the point is, the 'sweetheart deal', which was completed in 2008, was under the Bush administration.' The plea agreement inked between Acosta and Epstein's attorney, Alan Dershowitz, was staggering in its leniency. Epstein was allowed to leave the prison facility for hours at a time for 'work release' to the headquarters of a nebulous enterprise called the 'Florida Science Foundation' he founded shortly before beginning his sentence and shut down when it concluded. Inside the prison, Epstein was allowed to maintain his own office, just as he'd done at Harvard University for years, while watching television and was watched by guards who wore suits and were partially on his payroll. Mullin and other Republicans closely aligned with the president are treading a careful line on the issue of the Epstein investigation. The Trump administration ignited a firestorm early in July when the Department of Justice and FBI announced that the agencies would not release any more documents related to the Epstein investigation despite having promised to do so. The agencies cited a refusal to release identifying information about victims and graphic sexual imagery involving children. Most glaringly, the agencies also declared in that early July announcement that a so-called 'client list' of Epstein's alleged co-conspirators had not been found. Having latched on to the issue long before Trump was elected to a second term, his MAGA base descended into chaos. Many of the president's 2024 supporters called the reversal a betrayal by the administration, while some questioned whether Trump himself was involved in a cover-up to protect himself or other powerful men named as Epstein's accomplices in the files. Some Democrats latched on to the issue at the same time, joining calls for transparency. Then, a pair of articles in The Wall Street Journal purported to outline Trump's own connections to the investigation. The newspaper reported the contents of a message allegedly penned by Trump to Epstein as part of a 50th birthday celebration in 2003, including allusions to a 'secret.' Trump firmly denied authoring the note, and sued the newspaper and its reporters in response. A second article from the WSJ days later reported that Attorney General Pam Bondi informed Trump in May that he was mentioned in the Epstein investigation multiple times, thought it was not clear in what context The White House called that story 'fake' and has repeatedly insinuated that Democrats including Joe Biden tampered with the Epstein files in response. Being mentioned in the files does not mean wrongdoing, and hundreds of names are reportedly included. Republicans on Capitol Hill are caught in the middle. Some are joining on to a bipartisan effort led by Thomas Massie — a Republican who clashed with the president over the GOP budget reconciliation package earlier this year — and Democratic Rep. Ro Khanna to force the Justice Department to release the entirety of its document trove, with redactions for child sexual assault material and the names or identifying information of victims. Others more aligned with leadership, including House Speaker Mike Johnson. But Johnson and others have been careful not to label the Epstein story a distraction, to the White House's annoyance. Johnson called the August recess early this past week, sending lawmakers home for the month to avoid a vote legislation from Massie and Khanna.

Prime Minister to meet Donald Trump to discuss ceasefire in Gaza
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Prime Minister to meet Donald Trump to discuss ceasefire in Gaza

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What do locals in Scotland think of Donald Trump?
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ITV News

timean hour ago

  • ITV News

What do locals in Scotland think of Donald Trump?

Donald Trump is on a trip to Scotland, but what do people make of his visit? ITV News' Ben Chapman reports from Turnberry The US President Donald Trump is now halfway through his private visit to Scotland. He is here primarily to play golf and to open his newest course, but he is fitting in meetings with the prime minister, first minister and president of the European Commission. He is famously proud of his Scottish heritage, but what do people here make of this unusual presidential visit? Locals in Girvan, the closest town to Trump's luxury golf resort, had mixed views ahead of his arrival on Friday. One man said: 'There's enough trouble going on in the world at the moment without Donald Trump coming to Scotland to play golf. He's flying thousands of miles for a game of golf. I think his focus should be elsewhere. If anything good comes of it, then great, but I have my doubts.' While a woman said: 'I think it's great that he visits Scotland because his mother is from Scotland and he has invested a lot in Scotland. "He employs a lot of people in the region, and he looks after the places where he is running his business, which is great for this local economy.' "He's just such a controversial figure, and I just don't understand what he's up to. He's just causing chaos and confusion around the whole world," another man said. 'The US government won't be paying for it because it's a private trip, so I think the bill will land at the doorstep of the Scottish people. He should take some of his profits and pay for the expenses.' This mother and daughter had different views on whether Trump's visit was welcome or not. The mother said: 'I don't think it's worth it. Not for a private visit. There will be local disruption, and there is a cost implication as well. I mean, the Americans will obviously pick up some of the security, but there will also be an obligation on Police Scotland. I mean not just to police the visit but also the protests that are going to obviously result over the weekend.' Meanwhile, her daughter said Trump "brings a lot of good things to the community here". "I don't agree with everything that he does politics wise, but I think he's done a lot for the area, and I think, well, good luck to him," she added. On Friday night at Prestwick airport, more than 1,000 people camped out with deck chairs and picnic blankets to catch a glimpse of Air Force One touching down on Scottish soil. Many waited for hours to claim their spot. Surprisingly, there were no obvious protesters. Instead, the crowd was made up of dedicated plane spotters and locals who were excited to have the President of the United States and his plane land in their town. Some wore Make America Great Again caps and carried pro-Trump flags to welcome him. Samuel Ackroyd and James Swan were among those who waited more than eight hours to catch a glimpse of Air Force One. They told ITV News: 'I like Trump, but it's mainly about seeing Air Force One. 'This is a big bucket list item for aviation enthusiasts. Many of us want to see the Boeing 747-200. 'It's a great privilege to see the President of the United States land here.' A mother and her son, who came down from Fife, said: 'We've come down from Fife today to see President coming for the first time. We've never plane spotted in Ayr before but we wanted to be here today for this.' On Saturday morning, Trump was out on the golf course bright and early, but unlike his last visit as president, there were no protesters on the beach next to the Turnberry course. There was just the odd Trump supporter hanging around to try and see him in person. This couple travelled to Ayrshire from Liverpool to show their support. The man said: 'We support MAGA (Make America Great Again) and Trump and what he's doing. We've just made our way down to the golf course to try and catch a glimpse of him. Mainly because it might be the only chance we ever get to see him here. I know he's doing a state visit in London, but that will be all private escorts and everything, so we thought we'd try to see him while we can.' In the afternoon, planned anti-Trump protests took place in Aberdeen and Edinburgh, far from the president's eyes. Many there said they were frustrated and angry that he is being welcomed by our prime minister and first minister, and that he is coming on a private golfing trip that is costing taxpayers here. 'Trump's not welcome in Scotland. He has done too much damage globally. He's a global leader, but he doesn't like one or think like one. And we didn't vote for him here, yet he's here in Scotland today, and we're not happy about it. "He claims Scottish heritage, but he is not from Scotland. He doesn't share our values. We care about people. We care about diversity. Scotland has people in every single country in the world. He's just focusing on making America great. What does that even mean? It doesn't mean anything.' 'He wants to come and see his businesses, then let him pay for the security. Let him pay for the police. He's always bragging about how rich is, even though he didn't release his tax returns. So let him use some of all that money that he's had from all that winning and all those fantastic trade deals. 'He keeps telling everyone he's really wealthy and he's got all this money. Let him pay for it. I see, absolutely no reason why we should pay one penny for that orange walloper.' 'I am an American living here now, and he is just an embarrassment. I don't even want to go back to America right now. This is just a little part I can do because I'm not there. I can still vote, but I can't go to any protest there, so I just want to come out here and support everyone. I feel good that there are other people sharing my sentiment. 'He's like an evil genius. I don't know what it is, but he's Teflon Don. That's his nickname. These people are just kissing the ring because they feel they need to. "And I think once he is gone, whether it's a cheeseburger too many or whatever, I think it'll all go away because I don't think anybody has his level of depravity.' On Monday, Trump is set to meet the Prime Minister, Sir Keir Starmer. On Tuesday, he will open his new golf course in Aberdeenshire, which is named after his Scottish mother, Mary Anne MacLeod. He is due to leave Scotland on Tuesday afternoon.

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