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False Framing of the GENIUS Act: Democrats Love Regulation, But Not When It Comes From President Trump

In July 2025, President Trump signed the GENIUS Act, the first federal law in U.S. history to regulate stablecoins, which passed with strong bipartisan support: 68–30 in the Senate and 308–122 in the House.

Democrats oppose the GENIUS Act because they claim its lighter regulatory framework could benefit large, well-funded stablecoin issuers, including companies they allege may have ties to President Trump or his associates. Critics argue the bill gives non-bank issuers a potential regulatory advantage and raises concerns about political favoritism and conflicts of interest.

However, the GENIUS Act is necessary because stablecoins have already grown into a massive, systemically important financial market operating largely outside the federal regulatory framework. Without clear U.S. rules, the industry would continue developing under foreign regulations, creating consumer and national-security risks while allowing strategic competitors to shape the future of dollar-backed digital finance.

A stablecoin is a privately issued digital currency pegged to $1.00. Unlike Bitcoin, it doesn’t fluctuate. You can send it anywhere in the world instantly. The biggest issuers are Tether and USD Coin (USDC). Private companies run them, not governments. The business model is simple: a user deposits $1,000, gets 1,000 digital tokens, and the company invests that $1,000 in U.S. Treasury bonds and keeps the interest, say 4–5%, while the user collects nothing. At scale, this is enormously profitable.

Tether alone holds over $100 billion in reserves and earned roughly $6.2 billion in 2023. Before the GENIUS Act, none of this was federally regulated. Companies were not legally required to verify that they held the dollars they claimed to hold, faced no mandatory audits, had no anti-money laundering obligations, had no consumer protections, and had no mechanism for law enforcement to freeze or seize funds.

Tether had for years resisted full independent audits, raising legitimate questions about whether it actually held the dollars backing its tokens. The law changed that, requiring issuers to hold $1 in cash or short-term Treasury bills for each token issued, to publish monthly disclosures of reserve composition, to follow anti-money laundering rules under the Bank Secrecy Act, and to comply with court orders to freeze or destroy tokens.

The necessity of the law is factually grounded. Stablecoin transaction volumes had grown to exceed those of Visa and Mastercard combined by 2024, up 28% year over year. This represented a systemically significant payment infrastructure operating entirely outside the federal regulatory framework governing every other payment system of comparable scale. Dollar-denominated stablecoins also extend the reach of the U.S. dollar globally, including into economies where people distrust their local currency.

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We Voted for Trump. We Got a Kamala Harris DOJ. The Michael Castillero Case Exposes That Little Has Changed at the SDNY — and Todd Blanche Either Doesn’t Know or Doesn’t Care

The Trump DOJ is suppressing free speech.

Michael Castillero ran a pre-IPO investment fund. He was charged with allegedly charging extra fees that he did not disclose to his investors. The evidence showed and the judge acknowledged that the investors made money and “sustained no out-of-pocket losses.” But he’s going to prison because they would have made even more money had Castillero disclosed the fees.

This is the case that the Biden-era Southern District of New York (SDNY) chose to bring criminal charges over. Not a civil suit. A federal criminal prosecution — with guns drawn, assets seized, and a man’s family left in financial ruin. For a fee dispute, Michael Castillero will go to prison.

But it gets even worse. The DOJ is asking the judge for additional prison time because Castille suggested that he is a victim of politically motivated weaponization.

The Prosecution That Trump’s DOJ Inherited and Chose to Continue

Castillero was indicted in 2023 under the Biden administration. He is a Trump donor. He posted memes about the stolen election. He dined at Mar-a-Lago. He frequented Trump properties and was at the announcement when Trump said he was running again. He believed — as tens of millions of Americans believed — that the 2020 election was stolen from Donald Trump. The prosecution continued past President Trump’s inauguration. Castillero was convicted by a New York jury – like President Trump – and is now awaiting sentencing.

After his conviction but before his sentencing, Castillero went on podcasts and tried to tell his side of the story. He suggested that his prosecution was motivated by political weaponization. The SDNY says that is a lie. But they don’t simply deny it in a press release. SDNY went to the judge and demanded that he be punished for even suggesting that the SDNY engages in weaponization.

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The Virginia Democrat Behind the Illegal Theft of Republican Seats Launches Fundraiser for Legal Defense

L. Louise Lucas, the prominent Virginia Democrat who was subject to a recent FBI raid on her home in business as part of a federal corruption and drug probe that began during the Biden administration, has launched a crowd sourced fundraiser to gain cash to pay for her legal defense.

“I have spent my entire life looking for good trouble,” Lucas said in her post on social media advertising the fundraiser. The fundraiser seeks to raise $100,000 for her defense. She has managed to just raise 6 percent of her goal in over a day of begging for help.

 “Lucas faces legal challenges while continuing to stand firm in her commitment to public service and democracy,” the description of the campaign read. “The L. Louise Lucas Legal Defense Fund has been established to help provide the resources necessary to support her legal defense and protect her ability to continue serving the community she has fought for her entire life.”

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HUGE: Acting AG Todd Blanche Drops NUCLEAR Truth Bomb – “There’s a Ton of Evidence That the 2020 Election Was RIGGED” – CONFIRMS Multiple Criminal Investigations Underway

Finally, after years of gaslighting, lawfare, and corrupt media cover-ups, a top Trump DOJ official has stepped up and dropped the hammer on the biggest political crime in American history.

Acting Attorney General Todd Blanche joined Maria Bartiromo on Sunday Morning Futures and delivered a NUCLEAR truth bomb that Democrats, the fake news media, and the deep state have been desperately trying to bury for six long years.

When Bartiromo pressed him on President Trump’s repeated claims that the 2020 election was rigged, Blanche didn’t mince words.

Blanche confirmed that the DOJ is now running multiple criminal investigations into the stolen 2020 election.

Maria Bartiromo:
“She just said that we’re going to find out that President Trump actually did win certain states in the 2020 election. Now, the president says all the time that the election was rigged. What have you done about that? Do you have any evidence that the election was rigged? What can you tell us?”

Acting AG Todd Blanche:
“Well, there’s a ton of evidence that the election was rigged. That’s not something the DOJ needs to tell you about. There’s been evidence about that for many, many years. What I can tell you is that we have multiple investigations going on in Arizona, in Georgia, in Fulton County, Georgia. And that’s exactly what we’re looking at.

By the way, this is very difficult because they’re very good. They’re very good at hiding misconduct and hiding what they’re doing. That’s why we’re very focused on finding out whether the right people voted, whether people who were supposed to vote actually voted, and whether there was one vote cast per voter.

And that’s what we’re doing in multiple states. I expect—and again, people will say to me, ‘How long is it taking? Why is it taking so long?’ The reality, the answer to that, is because it takes a lot of work to uncover what happened in 2020. It takes a lot of good old-fashioned law enforcement police work, which is what we’re doing.

We have great prosecutors working on it as well, and I assure the American people that as soon as we have something to say—whether it’s charges, whether it’s a report, or whether it’s the results of an investigation—the American people will learn about what we uncovered.”

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‘Now 60%’: Netanyahu admits Israel taking more territory in Gaza, despite ceasefire

Israel has been expanding the territory it controls in the Gaza Strip during the ceasefire, Prime Minister Benjamin Netanyahu acknowledged Sunday, pushing past the lines that were agreed upon in the US-brokered ceasefire that took effect last October.

At the start of the truce, the Israel Defense Forces controlled around 53 percent of the war-torn Palestinian enclave, with Hamas controlling the other 47%, in which nearly all of the Strip’s two million residents live. The army established the “Yellow Line,” demarcating the part of Gaza occupied by Israeli troops, and has been regularly firing at those who approach the line and are deemed a threat.

“In Gaza now, we already control not 50%, but 60%,” Netanyahu said at the weekly cabinet meeting in Jerusalem, confirming reports that Israel has taken more territory despite the ceasefire still being in effect.

Maps issued quietly by Israel in March showed a new restricted area beyond the 53%. The area, marked on the maps with an orange line, makes up an estimated 11% of Gaza’s territory beyond the Yellow Line. The areas cordon off nearly two-thirds of Gaza’s territory in total.

The military sent the maps to aid groups in Gaza in mid-March, saying the area between the orange line and the yellow line is a restricted zone to enable aid delivery, and that aid groups must coordinate their movements with the military. It says civilians are not affected.

The expanded zone has stirred fears from displaced Palestinians living there that they could be deemed targets by Israel. It has also stoked concerns that Israel may plan to hold the area permanently.

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Iranian Hostilities Flare Up Again as Drone Strike Sparks Fire Near Abu Dhabi Nuclear Plant

A drone strike sparked a fire near the Barakah Nuclear Power Plant in the United Arab Emirates on Sunday, in the latest sign of continued regional hostilities linked to the Iran conflict.

Authorities in Abu Dhabi said the drone struck an electrical generator outside the nuclear facility’s inner perimeter in the Al Dhafra region.

According to UAE officials, no injuries were reported, radiation levels remained normal, and the plant’s core systems were unaffected.

The UAE Defense Ministry said three drones were launched from the country’s western border.

Two were intercepted, but a third struck the site, causing the fire.

The Federal Authority for Nuclear Regulation said the plant continued operating normally, while the International Atomic Energy Agency confirmed that Emirati authorities had informed it that radiation levels remained stable.

“The IAEA is following the situation closely and is in constant contact with the UAE authorities, ready to provide assistance if needed,” the UN nuclear watchdog said.

Footage of such incidents is notoriously scarce because of the UAE’s aggressive crackdown on posting photos or videos that could damage the country’s image as a “safe haven.”

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Around 10 ‘new’ victims come forward in France’s Epstein probe, prosecutor says

Around 10 “new” suspected victims have come forward in a French probe into the network of late US sex offender Jeffrey Epstein, a prosecutor said on May 17.

France opened a human trafficking investigation after the US Justice Department in January released the latest cache of files from the investigation into the disgraced financier, who died in prison in 2019 while facing charges of trafficking underage girls for sex.

French magistrates are seeking to investigate possible offences committed in France or involving French perpetrators who facilitated his crimes.

Top Paris prosecutor Laure Beccuau said around 20 suspected victims had made themselves known after she in February urged potential victims to speak up.

Some were already known to investigators, she told the RTL broadcaster.

“But we also had new victims come forward, ones we didn’t know at all. There are around 10 of them,” she added.

“The choice we’ve made for the time being is to listen to these victims,” she said.

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Venezuela Extradites Maduro’s ‘Bagman’ Alex Saab to the US – Shady Businessman Was Previously Pardoned by Biden, and May Now Testify Against Maduro

The cooperation between the US and the new Venezuela continues to bear fruit.

54-year-old Colombian businessman Alex Saab, a close ally of former Venezuelan Dictator Nicolás Maduro, has been reportedly extradited to the US.

He had been arrested in February, in a joint US-Venezuelan operation, and was extradited to the US yesterday (16), less than three years after being pardoned by feeble Joe Biden.

Saab’s deportation was announced in a press release from Venezuela’s Ministry of Justice, which was shared on Instagram.

The New York Post reported:

“Alex Saab, 54, a Colombian-Venezuelan businessman described by US officials as a close ally to Maduro was arrested in Caracas during a joint US-Venezuelan operation in February, according to a US law enforcement official.

‘The deportation was ordered considering that the aforementioned Colombian citizen is involved in the commission of various crimes in the United States of America, as is public knowledge and widely reported’, the statement continued.”

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IDF warns of severe personnel shortages, last window to solve crisis with legislation

The Israel Defense Forces on Sunday warned of a steadily worsening shortage of combat soldiers in the standing military, high burnout among troops, and fears that the reserve army could “collapse” if necessary legislation is not advanced by the government.

According to the IDF, a bill being advanced by the government that would ostensibly increase military conscription in the Haredi community, but ultimately enshrine blanket exemptions from military service, will not provide an adequate solution to the military’s personnel needs in the short term.

The coalition’s draft exemption bill is widely seen as legally iffy and loophole-laden and has generated intense resistance even among members of Prime Minister Benjamin Netanyahu’s coalition. The government has been working on advancing it despite repeated warnings from the IDF that it needs more troops.

If the bill is passed, and even if all its recruitment targets are met, only several hundred additional Haredi combat soldiers are expected to enlist per year, which the military has said would not answer its current needs.

The military has repeatedly warned that it is currently short some 12,000 standing army soldiers, a gap that it said would only expand due to the shortening of mandatory service at the start of 2027, unless the government passes legislation addressing the personnel shortages.

IDF Chief of Staff Lt. Gen. Eyal Zamir has several times urged the government to again extend mandatory military service for men to 36 months, after it was shortened to 30 months in August 2024. The government has so far refused to approve this move.

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Comey Tells Legion of Deep State Prosecutors to “Hang On” and Wait For President Trump to Leave Office

Embattled former FBI Director James Comey on Sunday called on the legion of Deep State prosecutors to “hang on” until Trump leaves office.

Comey appeared on NBC’s “Meet the Press” on Sunday to trash the Trump Administration as he awaits his trial.

This is Comey’s third media appearance since a grand jury from the Eastern District of North Carolina indicted him on two felony counts:

COUNT ONE: Knowingly and willfully make a threat to take the life of, and to inflict bodily harm upon, the President of the United States;

COUNT TWO: knowingly and willfully did transmit in interstate and foreign commerce a communication that contained a threat to kill the President, Donald J. Trump

Read the indictment here.

James Comey has insisted that he is innocent.

On Sunday, Comey told the legion of Deep State prosecutors to “hang on” for 2 and a half more years so they can rebuild the Justice Department.

“If you’re bragging about forcing out career prosecutors and agents because the president doesn’t like a lawful investigation they conducted, something is seriously broken at the top,” Comey said.

“I’m urging them, hang on two and a half years, and then we can rebuild these institutions,” Comey added.

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