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☆ Exclusive-Biden Officials Kept Immigration Jails Despite Internal Cost Concerns
▼ + stars: | 2023-09-27 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +6 min

But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in the August 2022 memo were operated by private companies. U.S. President Joe Biden promised during the 2020 campaign to reform immigration detention and cut out for-profit companies. The lawsuit cites ICE contracting reports that said Torrance staffing shortages impacted safety, security and care. The Biden administration has held more migrants in ICE detention in recent months following the mid-May implementation of stricter asylum rules.

Persons: Ted Hesson, Alejandro Mayorkas, Joe Biden, Biden, There's, Torrance, Jenny Burke, CoreCivic, Brian Todd, Rebecca Sheff, Christopher Ferreira, Kristina Cooke, Mica Rosenberg, Suzanne Goldenberg Organizations: Biden, Immigration, Customs Enforcement, Reuters, ICE, Homeland, U.S, Residential Center, American Civil Liberties Union, ACLU, ICE Processing, GEO Group, Immigration Centers of America, GEO, ICA Locations: Torrance, New Mexico, U.S, Mexico, Albuquerque, Berks, Pennsylvania, Yuba County Jail, California, Yuba, Farmville, Virginia, COVID, Adelanto, San Francisco, New York City

[1/7] A general view of the Torrance County Detention Facility, where migrants are housed, in Estancia, New Mexico, U.S., September 21, 2023. But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in the August 2022 memo were operated by private companies. The lawsuit cites ICE contracting reports that said Torrance staffing shortages impacted safety, security and care. The Biden administration has held more migrants in ICE detention in recent months following the mid-May implementation of stricter asylum rules.

Persons: Adria Malcolm, Alejandro Mayorkas, Joe Biden, Biden, There's, Torrance, Jenny Burke, CoreCivic, Brian Todd, Rebecca Sheff, Christopher Ferreira, Ted Hesson, Kristina Cooke, Mica Rosenberg, Suzanne Goldenberg Organizations: REUTERS, Adria, Biden, Immigration, Customs Enforcement, Reuters, ICE, Reuters Graphics Reuters, Homeland, U.S, Residential Center, American Civil Liberties Union, ACLU, ICE Processing, GEO Group, Immigration Centers of America, GEO, ICA, Thomson Locations: Torrance, Estancia , New Mexico, U.S, New Mexico, Mexico, Albuquerque, Berks, Pennsylvania, Yuba County Jail, California, Yuba, Farmville, Virginia, COVID, Adelanto, San Francisco, New York City

The number of migrants caught crossing illegally or presenting themselves at legal border crossings has steadily risen after dropping in mid-May when the U.S. rolled out stricter new asylum rules. The increase has strained U.S. cities at the border and further north. Republicans blame Biden for reversing hardline immigration policies of Republican former President Donald Trump, the frontrunner for his party's nomination. To reduce illegal crossings, the Biden administration rolled out a new regulation in May that requires migrants to schedule an appointment to enter at a legal border crossing or face a higher standard for asylum. The administration also has opened other legal ways for migrants to enter the U.S. from abroad.

Persons: Douglas, David, Leon, Luis, Adrees Latif, Andres Manuel Lopez Obrador, Joe Biden, Biden, Donald Trump, Daina Solomon, Ted Hesson, Mica Rosenberg, Aurora Ellis, Daniel Wallis Organizations: REUTERS, U.S . Customs, Border Protection, Democrat, Republican, Wednesday, Democratic, Thomson Locations: Venezuela, Rio Grande, United States, Mexico, Eagle Pass , Texas, U.S, MEXICO, Washington, Mexico City

The U.S. Department of Justice declined to comment and the office of Texas Republican Governor Greg Abbott did not immediately respond to a request for comment. Biden, who is seeking re-election in 2024, has made it a priority to defend DACA, which was created in 2012 under former President Barack Obama when Biden was vice president. Circuit Court of Appeals affirmed Hanen's ruling against DACA, but sent the case back to him for reconsideration in light of Biden's regulation formalizing the program. Some 81% of DACA enrollees are from Mexico, followed by those from El Salvador, Guatemala and Honduras, according to U.S. About 164,000 live in California, which supports the legal efforts to defend the DACA program, while Texas is home to 95,000.

Persons: Dreamer, Joe Biden's, Andrew Hanen, Hanen, Greg Abbott, Thomas Saenz, Biden, Barack Obama, Hanen's, Donald Trump, Ted Hesson, Leslie Adler, Mica Rosenberg, David Gregorio, Daniel Wallis Organizations: Capitol, Republican, Democratic, U.S . Department of Homeland Security, U.S . Department of Justice, Texas Republican, Mexican American Legal Defense, Educational Fund, DACA, Circuit, U.S, Supreme, . Citizenship, Immigration Services, Thomson Locations: Texas, U.S, Washington, United States, Washington , U.S, WASHINGTON, Mexico, El Salvador, Guatemala, Honduras, California

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

Workers assemble a string of buoys, to deter migrants from crossing the Rio Grande river, at the international border with Mexico in Eagle Pass, Texas, U.S. July 27, 2023. REUTERS/Adrees Latif Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - A U.S. Appeals Court on Thursday granted a temporary stay allowing Texas to keep in place floating buoys installed in the middle of the Rio Grande to block migrants from illegally crossing the U.S.-Mexico border as court proceedings move forward, a court filing showed. A U.S. judge had ordered Texas on Wednesday to move the floating buoys in what was seen as a tentative win for President Joe Biden, whose administration sued the state. Although that order was not meant to take effect until Sept. 15, Thursday's ruling could prevent Texas from having to take immediate steps to start moving the barriers to the embankment. Reporting by Ted Hesson and Kanishka Singh; editing by Mica Rosenberg and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Adrees Latif, Joe Biden, Thursday's, Greg Abbott, Ted Hesson, Kanishka Singh, Mica Rosenberg, Leslie Adler Organizations: Workers, REUTERS, Rights, U.S, Appeals, Texas, Thomson Locations: Rio, Mexico, Eagle Pass , Texas, U.S, Texas

Record numbers of migrants have crossed the U.S.-Mexico border illegally since President Joe Biden, a Democrat, took office in 2021, including many from distant nations. Of the nearly 2 million migrants encountered at the U.S.-Mexico border between October 2022 and July 2023, 216 were on U.S. watchlists for potential links to terrorism, according to U.S. government statistics. U.S. authorities have no indication that migrants aided by the smuggling network were tied to extremist groups or plotting terrorist attacks, Watson said. Watson did not confirm links to the Islamic State specifically or that the smuggler was based in Turkey. U.S. Customs and Border Protection encountered some 3,200 Uzbeks at U.S borders in fiscal year 2022, up from fewer than 700 a year earlier.

Persons: Joe Biden, Biden, Donald Trump, Adrienne Watson, Watson, Ted Hesson, Humeyra Pamuk, Mica Rosenberg, Lizbeth Diaz, Mary Milliken, Andy Sullivan Organizations: Texas Army National Guard, U.S, CNN, Democrat, Republicans, Republican, White, National Security, Migrants, FBI, . Customs, Protection, Thomson Locations: Rio, Eagle Pass , Texas, U.S, Mexico, WASHINGTON, Turkey, State, United States, Washington, New York, Mexico City

REUTERS/Quinn GlabickiA White House spokesperson said Biden "continues to support moving away from the use of private detention facilities in the immigration detention system." One facility evaluated as part of the Biden administration review was Stewart Detention Center, a Georgia lockup operated by the private prison company CoreCivic (CXW.N). The administration has scaled back immigration detention in some ways. ICE often pays to maintain a fixed number of beds at detention centers regardless of whether they are actually used. But just six months later, the company signed a contract to reopen the same complex as a 1,900-bed immigration detention center.

Persons: Quinn Glabicki PHILIPSBURG, Joe Biden, watchdogs, Alejandro Mayorkas, Biden, Donald Trump, Mayorkas, lockups, Quinn Glabicki, Stewart, Ryan Gustin, Winn, Quinn Glabicki Ruben Dario, didn't, Ryan Horvath, Richwood, BIDEN, Trump, Biden's, Jose Gordo, Angela Kelley, Kelley, Boy Sonkarlay, Erika Guadalupe Nunez, Ted Hesson, Mica Rosenberg, Kristina Cooke, Aurora Ellis Organizations: Processing, GEO Group, U.S . Immigration, Customs, REUTERS, Democratic, Immigration, Customs Enforcement, Biden, American Civil Liberties Union, ACLU, Reuters, ICE, Companies, Republican, Trump, White, U.S . Department of Homeland Security, Stewart Detention, Winn Correctional Center, LaSalle Corrections, Richwood Correctional, LaSalle, Reuters Graphics Reuters, BI, ICE Processing Center, GEO, Visitors, Thomson Locations: Philipsburg , Pennsylvania, U.S, Pennsylvania, Mexico, Georgia, Louisiana, Mississippi, LaSalle, Argentine, Spanish, California, Liberian, Philadelphia, Philipsburg, Washington, New York

☆ Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
▼ + stars: | 2023-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."

Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, —, Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice

WASHINGTON, July 25 (Reuters) - A U.S. federal judge on Tuesday blocked President Joe Biden's new regulation restricting asylum access at the U.S.-Mexico border, upending a key tenet of his plan to deter migration after COVID-era Title 42 restrictions ended in May. California-based U.S. District Judge Jon Tigar stayed the order for 14 days, leaving the restrictions in place for now. The Biden administration within hours appealed to the U.S. 9th Circuit Court of Appeals. The number of migrants caught crossing the border illegally plummeted in recent months after the new regulation went into place. Whether the trend will continue if the new asylum restrictions are blocked remains unclear.

Persons: Joe Biden's, Jon Tigar, Biden, Donald Trump, Barack Obama, Tigar, prolongs, Katrina Eiland, Ted Hesson, Kristina Cooke, Mica Rosenberg, Chris Reese, Daniel Wallis Organizations: U.S, District, Appeals, Democrat, Republican, Trump, American Civil Liberties Union, ACLU, Reuters, U.S . Department of Homeland Security, White, Thomson Locations: U.S, Mexico, . California, Belize, Colombia, Washington, New York

NEW YORK, July 23 (Reuters) - It is Barbie’s world, and U.S. small businesses hope their social-media marketing can help them cash in on it. But as Mattel-licensed Barbie marketing and products flood big companies' stores, hotel suites and social media posts, small firms also seek to capitalize on the hype. “Small businesses may look at the Barbie promotions and dream of that kind of budget and mass brand awareness,” said Brianne Fleming, an adjunct marketing instructor at University of Florida. MoonFire, an arts boutique based in Dallas, Texas, hosted a Barbie-themed collaboration in person with ten small businesses selling hot-pink, Barbie-inspired products. So, for small businesses, the strategy is to be a quick follower,” he said.

Persons: Barbie, “ Barbie, Inditex’s Zara, ”, Brianne Fleming, there's, Iris, Wilglory Tanjong, Kimberly Wagner, Ken, Mica Garbarino, “ Barbie ”, Walker Smith, Smith, “, gatekeepers, Josie Kao, Nick Zieminski Organizations: YORK, Google, Mattel, University of Florida, Monday, Kailyn, Thomson Locations: Malibu, Friday’s, Airbnb, Instagram, New York City, New York, Blue Curacao, grenadine, Dallas , Texas, Soho, Kailyn Rhone

And, in that same earnings call earlier this year, Novogratz said Galaxy hired some traders based in Hong Kong. Just this week, Societe General 's crypto arm received approval by France's financial regulator to offer crypto services, including crypto assets. The next month, Hong Kong implemented a new licensing regime so crypto exchanges can serve retail customers. Hong Kong, in particular, has tried to position itself as an international hub for crypto. Galaxy Chief Investment Officer Chris Ferraro echoed that sentiment in a recent "Crypto World" interview.

Persons: –, Mike Novogratz, Brian Armstrong, Novogratz, Cantor Fitzgerald's Elliot Han, Dean Sovolos, Lily King, Cobo, Owen Lau, Chris Ferraro, Kraken –, Binance, Han, we're Organizations: BlackRock, SEC, Washington, Galaxy, United, Gemini, Payment, Societe, European Union, Crypto, Assets Regulatory Authority, Financial, Oppenheimer, U.S, Coinbase, Huobi, BTC Locations: U.S, Europe, Hong Kong, Abu Dhabi, Dubai, Bermuda, United Arab Emirates, Asia, Gurgaon, India, Singapore, United States, East, VARA, B2C2, Silicon, London, Berlin, China

REUTERS/Daniel Becerril/File PhotoWASHINGTON/MEXICO CITY, July 2 (Reuters) - U.S. and Mexican officials are discussing a new U.S. refugee program for some non-Mexican asylum seekers waiting in Mexico, four sources said, part of President Joe Biden's attempts to create more legal avenues for migration. The program would likely be open to Cuban, Haitian, Nicaraguan and Venezuelan refugees in Mexico, the sources said. Under another Biden program, Cubans, Haitians, Nicaraguans and Venezuelans can request to enter the U.S. by air if they have U.S. sponsors. The initiative under discussion would be a "Priority Two" refugee program, the sources said, similar to one opened for Afghans in 2021. If the program encourages more migrants to enter Mexico, it could tax the country's already-strained resources for dealing with migrants, the official said.

Persons: Daniel Becerril, Joe Biden's, Biden, Alicia Barcena, Ted Hesson, Dave Graham, Daina Beth Solomon, Kristina Cooke, Mica Rosenberg, Mary Milliken, Grant McCool Organizations: REUTERS, MEXICO CITY, Haitian, Nicaraguan, U.S, Biden, BIDEN, United Nations, Thomson Locations: Venezuela, Nuevo Laredo, Mexico, WASHINGTON, MEXICO, U.S, Mexican, Cuban, Latin America, Caribbean, America, Washington, Mexico City, San Francisco

The Army Corps studied what would happen to six dams in California, and the results suggested that two of them would probably be overtopped. It seemed unlikely that a third of all the dams in the state would fail, but would none of them? Cox described the “weird ‘Chinatown’ vibe” he encountered whenever the conversation turned to dams. In the course of my reporting this article, sources would stutter and shut down whenever dams came up. “My boss approved, but it was nixed by higher-ups,” the public information officer at the dam wrote.

Persons: Cox, ”, “, they’re, Dale Cox, ruefully Organizations: Army Corps, Reclamation, California Governor’s, Emergency Services Locations: California, Northern California, Oroville, Swain, Sacramento

☆ Binance to exit the Netherlands after failing to obtain regulatory approval
▼ + stars: | 2023-06-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Cryptocurrency exchange Binance said it will leave the Netherlands after the company's application to register under the Dutch crypto authorization regime was rejected. Starting Friday, no new Binance users will be accepted onto the platform. Under the current regulatory regime, Binance can only get approval to operate in an EU country by registering under its money laundering prevention rules. This is set to change once the EU approves its Markets in Crypto Assets (MiCA) regulation. "While Binance is disappointed that this has become necessary, it will continue to engage productively and transparently with Dutch regulators."

Persons: Binance, Changpeng Zhao Organizations: EU, Crypto, CNBC, U.S . Securities, Exchange Commission Locations: San Anselmo , California, Netherlands, Dutch, EU, France, Italy, Spain, Poland, Sweden, Lithuania, FTX

☆ 16 young people are suing the state of Montana over the climate crisis — one resident says the wildfire smoke makes him want to lie in bed and cry
▼ + stars: | 2023-06-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

In Montana, 16 young residents are suing the state over its support of the fossil-fuel industry. They argue Montana is violating their right to a clean environment as laid out in its constitution. The suit is the first constitutional case on climate change to go to trial in the US. The Montana suit, Held v. Montana, is remarkable for being the first constitutional case on climate change to reach trial in the US. It's highlighting the effect that climate change has on young people."

Persons: Busse, Michael Gerrard, William Campbell, Gerrard, Columbia's Sabin, Mica Kantor Organizations: Service, Columbia Law School, Climate Change Locations: Montana, Helena, . Montana, Missoula

WASHINGTON, June 13 (Reuters) - The United States will extend deportation relief and work permits through 2025 for more than 300,000 immigrants from El Salvador, Honduras, Nicaragua and Nepal but will not expand the program to cover additional people, the U.S. Department of Homeland Security (DHS) said on Tuesday. Biden's Democratic administration is rescinding Trump's earlier decisions as part of the process of extending the relief for immigrants from El Salvador, Honduras, Nicaragua and Nepal. The latest decision by the Biden administration will allow TPS renewals for 239,000 Salvadorans who have resided in the U.S. since 2001. Hundreds of thousands of immigrants from El Salvador, Honduras and Nicaragua living in the U.S. illegally will not be covered by the TPS extension since they arrived after the cutoff dates. Reporting by Ted Hesson in Washington; Editing by Mica Rosenberg, Aurora Ellis, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden's, Donald Trump, rescinding, Alejandro Mayorkas, Biden, Eric Adams, Ted Hesson, Mica Rosenberg, Aurora Ellis, Alexandra Hudson Organizations: U.S . Department of Homeland Security, TPS, Democratic, New York City, Alexandra Hudson Our, Thomson Locations: United States, El Salvador, Honduras, Nicaragua, Nepal, U.S, Mexico, Washington

☆ Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint
▼ + stars: | 2023-06-08 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 8 (Reuters) - Meta Platforms' (META.O) Instagram, Alphabet's (GOOGL.O) YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase COIN.O and Binance, along with last year's collapse of FTX, have sparked concerns over consumer protection related to crypto assets such as bitcoin and ether. It urged the Consumer Protection Cooperation Network to require the online platforms to adopt stricter advertising policies on crypto and take measures to prevent influencers from misleading consumers. The group called on European consumer authorities to cooperate with European Supervisory Authorities for financial services to ensure the platforms adapt their advertising policies to prevent the misleading promotion of crypto. "This is why we are turning to the authorities in charge of protecting consumers to ensure Instagram, YouTube, TikTok and Twitter fulfil their duty to protect consumers against crypto scams and false promises," she said.

Persons: BEUC, Monique Goyens, Foo Yun Chee, Lisa Shumaker Organizations: YouTube, Twitter, European Commission, European Union, Consumer Protection Cooperation Network, Commission, European, Authorities, Crypto, Consumer, Thomson Locations: BRUSSELS, Denmark, France, Greece, Italy, Lithuania, Portugal, Slovakia, Spain

[1/2] Former U.S. President Donald Trump visits an unfinished section of the wall along the U.S.-Mexico border in Pharr, Texas, June 30, 2021. While president in 2018, Trump said he planned to issue an executive order to limit birthright citizenship, but never followed through. Many legal scholars at the time were skeptical that Trump could use executive authority to roll back the right. Trump noted that many countries restrict birthright citizenship for non-citizens. As president, Trump pursued hardline policies toward immigration and took steps toward building a wall along the U.S.-Mexico border that he had promised as a candidate in 2016.

Persons: Donald Trump, Callaghan O'Hare, Trump, Joe Biden, Ted Hesson, Will Dunham, Mica Rosenberg Organizations: U.S, REUTERS, Callaghan O'Hare WASHINGTON, Republican, Twitter, Trump, Democrat, Thomson Locations: U.S, Mexico, Pharr , Texas, United States, Southern, American, Washington

[1/4] Migrants, without a place to stay upon arrival in the city, seek safe shelter at the District 12 station of the Chicago Police Department in Chicago, Illinois, U.S. May 17, 2023. Some migrants seeking a safe place to sleep have turned to police stations. Earlier this month, Texas Governor Greg Abbott, a Republican, resumed a campaign of busing migrants to Democratic strongholds further north, including Chicago and New York City. The busing aims to alleviate pressure on border cities and call attention to what Abbott says were overly lenient policies by Biden's Democratic administration. New York City Mayor Eric Adams, a Democrat, has called on the Biden administration to provide more funding to cities receiving recently arrived migrants.

☆ EU Council adopts first legal framework to regulate crypto sector
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: 1 min

BRUSSELS, May 16 (Reuters) - The European Council on Tuesday said it had adopted the world's first comprehensive set of rules for cryptoassets regulation (MiCa). MiCA, which was already approved by EU member states and the European parliament, requires crypto firms to be authorised by the EU to serve customers in the bloc, and to comply with safeguards against money laundering and terrorism financing. Reporting by Bart Meijer; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

The number of migrants caught crossing the border illegally since Title 42 ended on Friday dropped sharply from highs last week, U.S. Department of Homeland Security (DHS) official Blas Nunez-Neto said on a call with reporters. Nunez-Neto said migrants crossing illegally "now face tougher consequences at the border, including a minimum five-year bar on reentry and the potential to be criminally prosecuted if they try again." Title 42 allowed U.S. authorities to expel migrants to Mexico or other countries without the chance to request U.S. asylum. The Biden administration has also expanded legal pathways that allow more people to enter the U.S. without crossing illegally, including the CBP One appointments and applications available abroad for humanitarian parole and refugee status. The number of migrants caught crossing the U.S.-Mexico border illegally dropped to an average of 5,000 per day since Title 42 ended, down from daily highs of over 10,000 last week, Nunez-Neto said, cautioning that the situation "is very fluid."

Major players are hoping that the SEC and Washington takes, what crypto watchers see as bluffs, seriously and soften the hard line that regulators have taken on the industry. Coinbase CEO Brian Armstrong said last week that the SEC was on a "lone crusade" with its tough actions against certain crypto companies. "The SEC is a bit of an outlier here," Armstrong told CNBC's Dan Murphy in an interview in Dubai. But he's created some lawsuits, and I think it's quite unhelpful for the industry in the U.S. writ large." "The biggest fear of crypto companies is that regulation will cause panic among crypto investors and prices will go down.

Homeland Security Secretary Alejandro Mayorkas defended the Biden regulation, saying it aims to encourage migrants to enter using legal pathways. U.S. asylum officers hurried to figure out the logistics of applying the new asylum regulation. COVID EMERGENCY ENDS, ASYLUM BAN BEGINSTrump first implemented Title 42 in March 2020 as COVID swept the globe. The order allowed American authorities to quickly expel migrants to Mexico or other countries without a chance to request asylum. Migrants have been expelled more than 2.7 million times under Title 42, although the total includes repeat crossers.

On Friday, that changed when the administration of President Joe Biden ended Title 42, a COVID-inspired provision that allowed the U.S. government to turn away asylum-seekers for public health reasons. At the same time Title 42 expired, the Biden administration implemented a new regulation that presumes most migrants will be ineligible for asylum if they failed to use legal pathways for U.S. entry like CBP One. "This is mostly for my children," Lupita said. Tens of thousands of migrants rushed to the border last week trying to enter the country before the new asylum rules took effect. Reporting by Daniel Trotta in Tijuana and Lizbeth Diaz in Mexico City; Editing by Mica Rosenberg and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

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