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The Senate will vote on a bill to protect same-sex marriage on Tuesday night. Twelve Republican senators so far have voted to advance the bill. Senators have tweaked the bill, which passed the Democratic-controlled House in July, to get GOP support. So far, 12 Republicans have cast votes in support of advancing the bill, and more could emerge when the final version comes up. A Gallup poll from June 2021 found that 70% of Americans — including 55% of Republicans — support same-sex marriage.
As questions swirl about how much cryptocurrencies will be worth in the wake of the spectacular collapse of the crypto exchange FTX and other major platforms, a key question has emerged: Who will keep your crypto safe? Prior to its collapse, FTX was the world's fifth-largest cryptocurrency exchange, according to data from the crypto group CoinGecko cited by Reuters, processing $627 billion in trading volume year-to-date. But as cryptocurrencies broadly became more mainstream, companies and exchanges sprang up that allowed people to buy crypto without those steps. Today, platforms seemingly untouched by the FTX collapse, like Coinbase, have sought to reassure their users that their assets remain safe and, in some cases, are not subject to lending. Instead, there are growing calls for increased regulation that would force crypto exchanges to keep customers' money firewalled so that it cannot be repurposed for other uses.
Bahamas-based crypto exchange FTX filed for bankruptcy in the U.S. on Nov. 11, 2022, seeking court protection as it looks for a way to return money to users. "I think the collapse of FTX will end up being good for traditional finance companies like Fidelity who are entering the crypto space, because they come with a certain level of trust," Lum said. Earlier this month, Fidelity Investments announced plans to launch a commission-free crypto product, allowing investors to buy and sell bitcoin and ether. The FTX collapse has also renewed interest in cold storage, or taking digital currency offline, making it less susceptible to hacks. The [FTX] collapse should be a lesson that any individual company — be it a crypto exchange or more traditional business — can go bankrupt in times of distress.
Two of his revenge picks to knock off House Republicans who voted to impeach him lost critical general election races in Michigan and Washington. To Mr. Trump, none of that had any bearing on his desire to return to power. “A perfect call.” Absconding with classified documents from the White House? “I think the question is who is the current leader of the Republican Party. In light of what unfolded at Mar-a-Lago, that felt more like the wishful thinking of a born optimist than the judgment of a seasoned student of Mr. Trump.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's time Washington addresses crypto regulation, says Sen. Cynthia LummisSen. Cynthia Lummis (R-Wyo. ), who serves on the Senate Committee on Banking, Housing and Urban Affairs, joins CNBC's 'Squawk Box' to weigh in on potential crypto regulation following the collapse of FTX.
Politico reporter Burgess Everett asked Sen. Cynthia Lummis if she'd endorse a 2024 Trump campaign. Lummis said he was asking the wrong question, calling DeSantis the "leader of the Republican party." She voted against certifying PA's 2020 election results and to acquit Trump in his second impeachment. "I don't think that's the right question," the Republican Senator told Politico reporter Burgess Everett when asked if she'd endorse a 2024 Trump campaign. "I think the question is: Who is the current leader of the Republican Party?"
Sen. Lindsey Graham said he doesn't think Trump should announce a 2024 bid on Tuesday evening. "I don't think Trump should announce tonight," the South Carolina Republican told reporters at the Capitol on Tuesday, adding that he believes a majority of Republican senators think the former president should hold off. His speech comes as many Republicans nationwide have balked at the prospects of a Trump 2024 run, blaming him for the party's underwhelming performance in the midterm elections. Assuming Trump does announce a presidential bid on Tuesday evening, he may not have many immediate endorsements from within his party. "It's Georgia, Georgia, Georgia," Sen. Cynthia Lummis of Wyoming said Tuesday.
Trump has teased November 15 as the date to announce a presidential run. When asked by Politico on Monday if he would endorse a Trump 2024 presidential bid, Sen. Lindsey Graham of South Carolina declined. Sources told CBS News that despite concerns, Trump would be going ahead with Tuesday's announcement. Oh, I know who it is: Ron DeSantis," Sen. Cynthia Lummis, a Wyoming Republican told Politico. "Ron DeSantis is the leader of the Republican Party, whether he wants to be or not."
Tom Brady just signaled the end of an era for crypto with a quiet change of his Twitter profile photo. Brady switched his profile photo from the "laser eyes" meme, which symbolized bullishness in Bitcoin. Social media profiles with "laser eyes" grew in popularity among cryptocurrency believers last year as a way for them to symbolically show bullishness in crypto, particularly in Bitcoin. Bitcoin is currently trading at $16,000, its lowest level in two years, and most original laser eye photos have now disappeared from Twitter. Brady was one of the final holdouts with a "laser eyes" photo; many noteworthy people quietly switched away from the meme as cryptocurrency prices crashed this year.
WASHINGTON — Senate Minority Leader Mitch McConnell is facing a brewing challenge to his position as the top Republican in the Senate. Going into the midterm elections Tuesday, McConnell appeared to have a firm grasp on the leader's job and Republicans appeared poised to take control of the Senate. Asked in January what his agenda would be if Republicans took control of the Senate, McConnell deflected. Don’t disenfranchise @HerschelWalker.”A Rubio adviser said the senator is concerned McConnell has not laid out a vision for the future. “The Senate Republican Conference must change the way it operates — regardless of the outcome of the still-pending elections," the letter states.
The midterm elections are next week, and some investors are closely watching the outcome for an idea of how the next Congress's lawmakers will approach cryptocurrency over the following two years. Lawmakers and regulatory agencies have scrambled to sharpen their understanding of the fledgling sector, while the industry itself has beefed up its lobbying. There's a good chance the midterm elections will hardly dent the price action in the days that follow. They say the midterm elections and the new shape of Congress could affect how the legislative process unfolds. While the bear market has dominated headlines this year, the drumbeat for crypto regulation has gotten much louder, providing some comfort to members of the crypto industry.
WASHINGTON — The Senate on Thursday approved a sweeping expansion of health care and disability benefits for Iraq and Afghanistan veterans in response to concerns about their exposure to toxic burn pits. The House in March approved similar legislation that would have cost more than $320 billion over 10 years. And, it would extend Agent Orange presumptions to veterans who served in Thailand, Cambodia, Laos, Guam and American Samoa. But lawmakers said that stories from constituents tell a different and more definitive tale, and they are reluctant to wait for an irrefutable link between veterans’ maladies and their exposure to toxic burn pits. The Senate version trimmed some of the costs early on by phasing in certain benefit enhancements.
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