Latest news with #Deaton
Yahoo
5 days ago
- Business
- Yahoo
Pro-XRP lawyer John Deaton warns against using home equity to buy Bitcoin
Pro-XRP lawyer John Deaton warns against using home equity to buy Bitcoin originally appeared on TheStreet. Pro-XRP lawyer John Deaton has sounded the alarm over the latest investment trends emerging in the Bitcoin community. There are multiple ways to trade Bitcoin in the U.S. One can directly trade in BTC over centralized or decentralized crypto exchanges, invest in stocks of Bitcoin-focused companies such as Strategy (Nasdaq: MSTR), or invest in exchange-traded funds (ETFs) tied to Bitcoin. There are even more innovative ways of Bitcoin investing that are gaining the attention of the trading community. One such way is using home equity to invest in Bitcoin. Recently, a technology company Horizon launched a program that lets a homeowner access a portion of their home's equity — without monthly payments — and invest some of that equity in Bitcoin. Deaton cautioned against such trends in Bitcoin investing even as he reminded everyone that he is himself a Bitcoin bull. He reminded his followers on X that he disclosed holding 80% of his net worth in Bitcoin to the Federal Election Committee (August 2024 Senatorial financial disclosures). He added that he even took on Democrat Elizabeth Warren in Massachusetts during the 2024 election, who he says sought a ban against self-custody of Bitcoin in the country. Nonetheless, Deaton said Bitcoin investing trends such as mortgaging homes or acquiring preferred stocks offered by Strategy for the purpose could lead to "bad outcomes" for such investors due to risks involved. Bitcoin has had a terrific year so far and has grown nearly 50% over the last 12 months. As per Kraken, it was trading at $105,370.29 at press time. Pro-XRP lawyer John Deaton warns against using home equity to buy Bitcoin first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 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
Yahoo
15-05-2025
- Politics
- Yahoo
Mo. lawmakers end session early over abortion, labor bills
JEFFERSON CITY, Mo. – The legislative session came to an abrupt end Thursday after both chambers adjourned earlier than scheduled. The Senate took the lead, adjourning shortly after using a procedural move called the 'Previous Question' to advance two controversial ballot proposals that deal with abortion and workers' rights. 'It was just a complete disrespect to the institution,' said State Sen. Steven Roberts, D-St. Louis City. '(Democrats in the Senate) wanted to remove the ballot candy, this anti-trans language that they were putting in there that was really designed to mislead voters.' Close Thanks for signing up! Watch for us in your inbox. Subscribe Now In an interview Thursday, Roberts told Nexstar Missouri that the 'PQ' maneuver the Republicans used will have consequences come January. 'Oh, they're going to have a very difficult time passing anything next session,' said Roberts. 'And we are going to be making that as painful as possible for them because of the respect that we have for this institution.' Roberts continued to unload on how things ended this week and the price the GOP is going to pay for it. 'Every state legislature is structured differently and in the way ours is structured…it is designed to find compromise,' he said. 'And when you abuse a measure like (the PQ), there are consequences.' 'So they will not be getting their priorities accomplished as they did this year.' Over in the House, lawmakers passed a handful of bills Thursday that will be sent to the governor. Extreme hail, winds, more possible Thursday and Friday However, they too adjourned before the calendar end of session Friday evening. House Budget Chairman Dirk Deaton, a Republican from McDonald County, defended his actions regarding House Bill 19, a capital spending project that passed out of the Senate but was never taken up on the House floor for a vote before last Friday's budgetary deadline. 'I felt like for the good of the state and for the fiscal health of the state, protecting our triple-A credit rating and the sustainability of our state budget, we just couldn't pick up that half-billion-dollar spending bill and pass it … sight unseen the last few hours of the session,' Deaton told Nexstar in an interview outside of his Capitol office. Deaton brushed aside talk of conflict between the legislative bodies because of House Bill 19. 'I think the House and the Senate and the governor's office, we've gotten along tremendously well,' said Deaton. 'As good as I've seen in my time in the General Assembly.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-05-2025
- Yahoo
London man accused of tossing meth while driving recklessly through parking lot
LONDON, Ky. (FOX 56) — A London man was arrested on Tuesday night for allegedly driving recklessly through the parking lot of a London business at speeds of close to 70 miles per hour while throwing drugs out of his car. According to the Laurel County Sheriff's Office, just before 9 p.m. on Tuesday, deputies found 26-year-old Cody Eugene Deaton of London behind Lowe's on Keavy Road and tried to pull him over as part of an investigation with the Drug Enforcement Administration. Lexington man accused of attempted murder, kidnapping in Sarasota When deputies turned on their emergency lights, Deaton allegedly drove away through the parking lot during business hours 'at speeds up to 70 mph driving extremely reckless,' per the sheriff's office. Court documents show that during the chase, Deaton allegedly threw two clear bags of methamphetamine out of the window of the Chevrolet Camaro he was driving. The bags were recovered by deputies. Laurel County law enforcement reportedly ended the chase by boxing Deaton in, and he was arrested after a short struggle, according to an arrest citation. Missing man 'in distress' last seen near Kentucky Horse Park London man accused of tossing meth while driving recklessly through parking lot Police identify suspect accused of taking, using credit card from Lexington mailbox Deaton was charged with: Speeding 26 miles or more over the speed limit Reckless driving First-degree fleeing or evading police First-degree wanton endangerment First-degree trafficking in 2 grams or more of methamphetamine Resisting arrest He was lodged in the Laurel County Correctional Center. The drug investigation remains ongoing. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
08-05-2025
- Business
- Yahoo
Lawmakers negotiating Missouri budget add $300M to public schools spending
A screenshot from the livestream of the House-Senate budget conference committee meeting Wednesday night. Members began work about 8:30 p.m. and settled their differences on eight spending bills at 11:30 p.m. (Screenshot from livestream video via Missouri House Communications) Missouri's public schools would be fully funded and a policy some blame for undermining a child care subsidy program would be fixed, legislative budget negotiators decided Wednesday night as they worked through eight of the 13 spending bills for state operations in the coming year. Over about three hours, the conference committees of five lawmakers from both the House and Senate resolved differences between the spending bills, more often than not by selecting the option that spent more money. Tracking by The Independent shows the eight bills completed Wednesday would spend $450 million more general revenue than Gov. Mike Kehoe's January budget proposal, $636 million more than the House version approved in April and $118 million more than the version approved in the Senate last week. The committees will reconvene Thursday to finalize spending decisions on five more bills, with the full House and Senate scheduled to vote Friday in advance of the constitutional deadline. The differences that must be resolved are between the $49.4 billion plan for day-to-day operations approved in the Senate and the $47.9 billion plan approved in the House. The education budget that will go to the chambers for final approval includes $4 billion for the public school foundation formula, including a $297 million increase that Kehoe opposed. The Department of Elementary and Secondary Education budget will also include $107 million Kehoe recommended to revamp how child care providers are paid, basing it on enrollment instead of attendance. House Budget Committee Chairman Dirk Deaton, a Republican from Noel, tried to defend the decision to back Kehoe's view that the money shouldn't be spent. But he was outnumbered, with Democratic House members joining unanimous backing from senators for Senate Appropriations Chairman Lincoln Hough's position that state law required the money to be appropriated. 'This is the most important thing we're going to do today, and this is a statutory minimum that we have in a commitment that we've made to our kids back home,' state Rep. Betsy Fogle, a Springfield Democrat, said as she advocated for the foundation formula increase. As he agreed to the increase, Deaton looked forward to the commission Kehoe created to consider changes to the formula. 'I do hope, when you look at the formula, if we have an opportunity to rewrite it, that we won't let unelected bureaucrats make a $300 million call or something similar to future general assemblies,' Deaton said. Along with the two big items in the education department, the conference committees: Adopted Kehoe's pay plan proposal for state employee raises, which will reward longevity. State workers will get a 1% raise for every two years of state employment, capped at 10% for 20 years. Agreed to increase the base budgets for all state colleges and universities by 3%, which was the amount approved in the Senate. The House had adopted Kehoe's recommendation for a 1.5% boost and added $27.1 million for campus maintenance needs, which was cut by the negotiators. Removed language directing the Missouri Lottery to begin a three-year pilot program for lottery courier services. The budget negotiators began working about 8:30 p.m., about 12 hours later than the scheduled start. The day began with tensions between Deaton and Hough. As Hough was wrapping up a meeting of the Senate Appropriations Committee two rooms away, Deaton was announcing that because Hough was absent, the conference meetings would begin at 10 p.m. Deaton said he was kept waiting six hours Monday before Hough met with him. They worked for about seven hours to resolve issues that they could present to the conference committees, then for 15 minutes on Tuesday. He said he was not informed of Hough's intent to be ready to work in the afternoon after a recess of the committee for short floor sessions. 'I've not heard anything since yesterday at 1 o'clock,' Deaton said. Hough said he worked with Senate leadership to plan time for the conference meeting. He thought it was communicated to the House. 'It was stated by me on multiple occasions that my intention was to get together this afternoon after a few hours of floor time,' Hough said. Hough tried to get the conference committees together about 3 p.m., after both chambers had adjourned for the day, but Deaton was not willing and did not appear. The budget negotiations, when they finally began, went relatively quickly and without rancor. Deaton and Hough took turns reading through the budget lines and stating the intent to take the House or Senate position, or a compromise number in between. Members interrupted often, usually to challenge a decision about an item among the 166 new earmarked items for programs or projects added to the eight bills. Only 12 added at some point didn't make the final cut. State Sen. Barbara Washington, a Kansas City Democrat, spoke up in favor of one threatened with a cut, $50,000 for Global One Urban Farming in Kansas City. 'This really helps the children in that community with growing food,' Washington said. 'It is only $50,000. It's so little. I know I ask for a lot, but I don't ask for a lot of money.' Instead of being cut, the organization will receive $25,000. Hough and Deaton both got the earmarks most identified with them in the budget. Deaton cut $8 million to restore a historic footbridge in Springfield and Hough cut $19 million to buy land for a state park in McDonald County. Unsurprisingly, both made it into the budget. State Sen. Brian Williams, a University City Democrat, questioned Deaton on the decision to cut $500,000 slated for an urgent care program for veterans in Kansas City. It was one of three earmarked items for veterans alongside $1 million for temporary housing for veterans in St. Louis and $1 million for a veterans housing program in Columbia. Williams said one consideration for earmarked appropriations of general revenue should be where the money is generated in taxes. Kansas City and St. Louis need to be treated fairly as the richest areas of the state, he said. 'Jackson County makes up a significant amount of the economy in our state, we need to ensure that our budget reflects that,' Williams said. Deaton said one factor in the decision was the amount being dedicated to veterans programs and the limited nature of state funds. 'There's the give and the take, there's money in, money out,' Deaton said. 'We can't do everything, unfortunately and be all things for all people at all times. We're doing a lot for veterans in this budget.' The final budget will have $500,000 for the Kansas City urgent care program and $500,000 for the St. Louis temporary housing program. No one challenged Hough or Deaton when they said they were approving earmarked spending that was in or near their districts. Fogle, however, challenged Hough when he cut $4 million from an economic development organization called Innovate SOMO. 'I know you feel like you gotta give a little bit, but I would rather not give with our community,' Fogle said. 'I think,' Hough replied, 'our community is fairly well served in this legislature.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
21-04-2025
- Business
- Yahoo
Pro-crypto lawyer is surprised Ripple isn't following Coinbase's example
Several leading crypto companies, including Circle, Coinbase, BitGo, and Paxos, are reportedly planning to apply for banking charters or licenses in the U.S., the Washington Post reported on Apr. 21. Pro-crypto lawyer John Deaton expressed his surprise at the payments firm Ripple not applying for the banking license. He wrote on X (formerly Twitter) 'that it was a matter of time.' The Washington Post added that the crypto firms are trying to ride the pro-crypto sentiment in the new administration to push their long-term plans. While some firms are trying to obtain banking charters in order to operate like traditional banking institutions, other firms are trying to obtain necessary licenses to offer select services such as stablecoin issuance. John Deaton, founder of CryptoLaw, is well known for his pro-crypto stance. He also took on Senator Elizabeth Warren (D-MA) as a Republican Party candidate in the 2024 election, in which he repeatedly challenged the Democratic leader's positions on crypto assets. However, Deaton lost the election to Warren. Though Deaton is surprised at Ripple not going after a banking license, the payment firm is set to acquire the prime broker Hidden Road for $1.25 billion, as reported earlier. Hidden Road announced on Apr. 17 that its wholly-owned subsidiary, Hidden Road Partners CIV US LLC, has secured approval from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer. Ripple is also nearing the settlement with the Securities and Exchange Commission (SEC) of its years-long lawsuit over alleged securities violations. As per Kraken's price feed, XRP was trading at $2.13 at press time, up 3.3% over a day.
