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CNBC
29 minutes ago
- CNBC
Justice Department asks court to unseal Epstein, Maxwell grand jury transcripts
The Department of Justice on Friday asked federal judges to unseal grand jury transcripts in the criminal cases of notorious sex offender Jeffrey Epstein and his convicted procurer of young girls, Ghislaine Maxwell. The formal requests came one day after President Donald Trump said he asked Attorney General Pam Bondi to "produce any and all pertinent Grand Jury testimony, subject to Court approval." Trump suggested he was taking that step in order to tamp down on the growing pressure from his own supporters to release the so-called Epstein files. "This SCAM, perpetuated by the Democrats, should end, right now!" he wrote in a Truth Social post at the time. Less than two weeks earlier, the Justice Department said in a memo that it would not disclose any more information related to Epstein's federal sex trafficking case after conducting an "exhaustive review." But since then, "there has been extensive public interest in the basis for the Memorandum's conclusions," Deputy Attorney General Todd Blanche wrote in separate court filings in the Epstein and Maxwell cases in Manhattan federal court. "While the Department of Justice and Federal Bureau of Investigation continue to adhere to the conclusions reached in the Memorandum, transparency to the American public is of the utmost importance to this Administration," Blanche wrote. "Given the public interest in the investigative work conducted by the Department of Justice and Federal Bureau of Investigation into Epstein, the Department of Justice moves the Court to unseal the underlying grand jury transcripts," subject to appropriate redactions, he wrote. Those redactions encompass "victim-related and other personal identifying information," Blanche wrote. A footnote in the identical documents says that a similar request will be filed in federal court in southern Florida. Epstein pleaded guilty in 2008 in Florida to soliciting an underage prostitute. Epstein was arrested in 2019 and killed himself in prison weeks later. Maxwell, his longtime confidant, was convicted in 2021 of acting as a recruiter of young girls who would later be abused by Epstein. She is currently serving a 20-year sentence in a federal prison in Florida. Earlier Friday afternoon, Trump filed a defamation lawsuit against media giant Rupert Murdoch and multiple Wall Street Journal journalists, hours after they reported that a collection of birthday letter to Epstein in 2003 included a "bawdy" message signed by Trump. The president has denied penning the message.
Wall Street Journal
29 minutes ago
- Wall Street Journal
Trump's Judicial Pick Emil Bove Advances to the Senate Floor
The Senate gets moving on Donald Trump's appeals-court nominees, including Emil Bove for the Third Circuit, despite a Democratic walkout of the Judiciary Committee meeting. What questions remain about Bove's record at the Justice Department, including his handling of the Eric Adams case? And could his appointment affect whether other judges choose to retire? Photo: Uncredited
Yahoo
41 minutes ago
- Yahoo
Trump signs GENIUS Act into law
Trump signs GENIUS Act into law originally appeared on TheStreet. President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law amid much fanfare on July 18. Passed by the Senate on June 17 and the House on July 17, it is the first major crypto-related legislation to become a law in the U.S. The landmark legislation aims to regulate stablecoins — a cryptocurrency segment that attempts to stabilize its value, unlike traditionally volatile cryptocurrencies such as Bitcoin, by being pegged to a traditional currency like the U.S. dollar or a commodity like gold. The GENIUS Act mandates strict stablecoin reserve, transparency, and oversight requirements within a federal framework. Trump thanked the bill's sponsor, Sen. Bill Hagerty (R-TN), for drafting it. "It's a very important act, the GENIUS Act. They named it after me," he quipped. Industry leaders and experts hail 'watershed moment' Jeremy Allaire, co-founder and CEO of the stablecoin issuer Circle Internet Group (NYSE: CRCL), called the legislation "enormously significant" and said it will unleash American technology innovation to build the new internet financial system. Brad Garlinghouse, CEO of the blockchain tech and stablecoin issuer Ripple, compared the historic moment to the passing of the Dodd-Frank Act in crypto exchange's global head of policy and government relations, Jonathan Jachym, told TheStreet Roundtable: "These milestones reflect years of collaboration among industry leaders, public servants, and American voters who see crypto policy as a path to empowering individuals, protecting consumers, and keeping the U.S. at the forefront of financial innovation." Ji Hun Kim, CEO of the Crypto Council for Innovation (CCI), said: "The passage of the GENIUS Act is a true watershed moment for the US. This comprehensive framework gives issuers, builders, and regulators the clear rules they have been asking for. It puts innovation and consumer protection first." Trump-backed stablecoin worth $2.2B market cap The stablecoin industry is worth $260 billion at the time of writing, with Tether's USDT and Circle's USDC themselves accounting for more than 85% of the total market share, as per DeFiLlama. USD1, the stablecoin launched by the Trump family-backed crypto company World Liberty Financial in March, has a market cap of only $2.2 the offering, along with other crypto ventures associated with the First Family, has been under public scrutiny as Democrat leaders such as Sen. Elizabeth Warren (D-MA) have criticized the president for alleged conflicts of interest. More 'clarity' to crypto industry Thomas Mattimore, co-creator of the decentralized finance (DeFi) investment platform Reserve, told TheStreet Roundtable in a written statement: 'The legislation that's moving through Congress will provide clarity – pun intended – to those of us who are driving decentralized finance forward." The "clarity" Mattimore mentioned alluded to the CLARITY Act that the House passed the previous day along with the Anti-CBDC Act. The Senate is yet to pass these two bills. The total crypto market cap stood at $3.85 trillion at the time of writing. Trump signs GENIUS Act into law first appeared on TheStreet on Jul 18, 2025 This story was originally reported by TheStreet on Jul 18, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
