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White House press secretary Karine Jean-Pierre said President Biden still has no plans to pardon his son, Hunter Biden, who pleaded guilty to federal tax charges in September.

Hunter’s plea spared him from a public trial over his failure to pay taxes while he spent lavishly on drugs, escorts, luxury hotel stays, clothing and other personal items.

The plea also came after he was convicted of three felony gun charges in June. The first son, prosecutors said, lied on a mandatory gun purchase form by saying he was not illegally using or addicted to drugs.

After Hunter was convicted of the crimes, President Biden indicated he did not plan to pardon his son.

On Thursday, Jean-Pierre was asked again if President Biden had any intentions of pardoning Hunter, who is scheduled to be sentenced on the gun charges on Dec. 12 and the tax fraud charges on Dec. 16.

‘We’ve been asked that question multiple times. Our answer stands, which is no,’ the press secretary said.

Fox News senior White House correspondent Jacqui Heinrich followed up on the question, asking if a commutation, or a lesser sentence, was off the table for Hunter.

Heinrich reminded Jean-Pierre that she had previously said Biden would not consider a commutation of Hunter’s sentence.

‘Yes, that stands,’ Jean-Pierre said.

‘You’re saying that still stands?’ Heinrich asked for clarification.

‘Yeah,’ Jean-Pierre responded.

The president’s son was indicted on three felonies and six misdemeanor counts alleging he evaded paying at least $1.4 million in taxes while simultaneously spending money on ‘drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing, and other items of a personal nature, in short, everything but his taxes,’ according to the December 2023 indictment.

Prosecutors also allege the tax returns Hunter ultimately did file falsely claimed that things like prostitutes, strip club visits, porn website subscriptions and other personal expenses were actually deductible business expenses.

The aim, according to the indictment, was to ‘evade assessment of taxes to reduce the substantial tax liabilities’ that Hunter faced.

Fox News’ Alec Schemmel contributed to this report.


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Hot on the heels of Donald Trump’s victory in the US presidential election was an important meeting of the US Federal Reserve’s Federal Open Markets Committee (FOMC) on November 6 and 7.

At the meeting, the committee decided to lower the benchmark rate by 25 basis points to 4.5 to 4.75 percent. This marks the second cut by the FOMC, which made an outsized 50 point cut at its last meeting in September.

The rate cuts have come as inflation has cooled towards the 2 percent target set by the Fed when it first began raising interest rates in February 2022. While the personal consumption expenditure index for September had fallen to an overall 2.1 percent increase year-over-year, the committee was still concerned about some stickiness, as the PCE less food and energy prices was up 2.7 percent.

A key factor influencing the Federal Reserve’s decision is the current state of the jobs market, which has stabilized significantly. Labor market conditions are now less constrained than they were before the pandemic in 2019, reducing its contribution to inflationary pressures. As a result, the central bank has been able to shift its focus within its dual mandate of promoting maximum employment and maintaining stable prices.

In his statement following the decision, Federal Reserve Chairman Jerome Powell suggested that while he thinks the economy and policy are in a very good position, there is still some uncertainty. He said the data would inform future rate decisions, and the FOMC would react appropriately.

“We know that reducing policy restraint too quickly could hinder progress on inflation. At the same time, reducing policy restraint too slowly could unduly weaken economic activity and employment,” Powell said. “We are not on any preset course. We will continue to make our decisions meeting by meeting.”

The election results bore little influence over the decision at the November meeting. When asked how election results may affect future rate decisions, Chairman Powell suggested there would be no influence in the short term.

“We don’t know what the timing and substance of any policy changes will be,” he said. “We therefore don’t know what the effects on the economy would be, specifically whether and to what extent those policies would matter for the achievement of our goal variables of maximum employment and stable prices.”

While commenting on the longer-term implications of a Trump presidency, Powell was neutral in his remarks, saying any government could implement policies that could have economic effects that would matter over time. Powell said the Fed would take those factors into account in future modelling.

When asked if he was concerned that Trump’s incoming administration would ask him to step down as Chairman of the Federal Reserve, Powell answered “no.” He also said he would not step down before his term ends in 2026. Even though the President is responsible for appointing the Chairman of the central bank, terms are fixed at four years and cannot be overridden.

Market reaction to the rate cut decision boosted gold, which climbed by 1.84 percent since markets opened to US$2,707.93 by 3:30 PM EST, while silver surged 3.12 percent to US$32.12.

Equity markets saw slight gains as of that time, with the S&P 500 (INDEXSP:INX) gaining 0.84 percent to 5,978.81, the Nasdaq 100 (INDEXNASDAQ:NDX) adding 1.66 percent to 21,123.64 and the Dow Jones Industrial Average (INDEXDJX:.DJI) increasing 0.15 percent to reach 43,793.06.

How Trump’s policy promises could affect inflation

While Powell did not address Trump’s proposed policies in his statement, if president elect Donald Trump does enact some of the policies he promised frequently in his campaign, it may increase deficit spending and cause further inflation, which could influence future interest rate decisions.

For example, his proposed changes would see tariffs applied broadly to goods entering the United States, which will make everyday goods more costly for Americans. This is because tariffs are paid by importers in the US when they purchase goods from overseas, and the cost increases are passed along to the consumers.

Likewise, sweeping border reform with the promise to deport 20 million undocumented migrants would cost US$88 billion a year to enforce. The impact would be felt by business owners who are already struggling to fill job openings, especially in the agricultural sector. This will likely lead to higher costs at the grocery store or reduced availability of produce.

Additionally, the loss of undocumented workers would see US$100 billion per year in lost tax revenue, requiring the government to increase deficits to pay for government programs.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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Lithium Universe Limited (referred to as ‘Lithium Universe’ or the ‘Company,’ ASX: ‘LU7”) is pleased to announce that further to its announcement dated 31 October 2024 (ASX:LU7 LU7 Completes Share Placement and Launches Entitlement Offer) (Announcement), it has now settled the first tranche of its share placement to sophisticated and professional investors (Tranche 1).

Highlights

  • Successful settlement of Tranche 1 of the share placement to sophisticated and professional investors, raising $1.94 million
  • Entitlement Offer to open to shareholders on 11 November 2024
  • Tranche 2 of the Placement (subject to shareholder approval) is anticipated to be completed on or around 9 December 2024, raising $0.20 million

Tranche 1 under the Company’s Placement comprised of 161,791,667 fully paid ordinary shares (Shares), which have been issued today under the Company’s existing capacities under Listing Rules 7.1 (15% capacity) and 7.1A (10% capacity). The Shares were issued at a price of A$0.012 per share, raising A$1,941,500. In addition, subject to shareholder approval, the Tranche 1 investors will be entitled to one new option for every share subscribed to, with an expiry date of 12 January 2026 and an exercise price of $0.03 (Options).

As detailed within the Announcement, the Company advised that it would be conducting an additional placement to sophisticated and professional investors, which will be subject to shareholder approval (Tranche 2), as well as a pro-rata 1 for 10 non-renounceable entitlement offer (Entitlement Offer). Investors under the Tranche 2 placement and Entitlement Offer will also receive options on the same term as the Tranche 1 investors.

Tranche 2 Placement

The Tranche 2 placement comprises of 16,666,667 shares, with the issue of such shares being subject to shareholder approval. The Company will seek shareholder approval at an upcoming general meeting, which is scheduled to be held on or around Monday, 9 December 2024.

Entitlement Offer

The Entitlement Offer will open on Monday, 11 November 2024 and has been made under a transaction-specific prospectus that was lodged with ASIC and ASX on 1 November 2024.

Click here for the full ASX Release

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President-elect Trump won a majority Hispanic county in Texas for the first time in over 100 years on Tuesday night in a massive swing since losing that same county eight years ago.

Trump defeated Vice President Kamala Harris in Starr County on Tuesday night by a margin of 57.7% to 41.8%, becoming the first Republican to carry the county, which sits along the U.S.-Mexico border, since 1898, Fox 4 Dallas reported.

In 2016, former Secretary of State Hillary Clinton defeated Trump there by 60 points, a 76-point swing. 

Census data from 2020 shows that over 90% of residents in Starr County identify as Hispanic or Latino. 

Trump’s historic performance in Starr County comes in an election where he continued to make inroads with Hispanic voters nationwide.

Trump gained 6 points of support from Hispanics over 2020, leaving Democrats single-digit favorites among the bloc, according to data compiled by the Financial Times and other outlets.

Trump flipped Miami-Dade County in Florida, one of the largest Latino communities in the nation, winning it by about 2% more than President Biden did in 2020.

‘Hispanics are people of faith, family, hard work, searching for the American dream, and I think those are the values of the Republican Party’ Rep. Carlos Gimenez, a Republican who represents the southern half of Miami plus the Keys, told Fox News Digital.

‘The Democrat Party has gone way left to the extreme left, almost to the point of socialism. And many of us fled our countries fleeing socialism. And so that doesn’t attract us,’ said Gimenez, who is the only Cuban-born congressman.

A Fox News Voter Analysis showed Trump’s crossover appeal to Democratic constituencies was foundational to his success. He improved on his 2020 numbers among Hispanics (41%, +6 points), Black voters (15%, +7 points) and young voters (46%, +10 points).

These rightward shifts were particularly notable among Hispanic men (+8 points), Black men (+12 points) and men under 30 (+14 points) from 2020.

Fox News Digital’s Charles Creitz and Chris Pandolfo contributed to this report.


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White House press secretary Karine Jean-Pierre said President Biden believed he made the right decision to drop out of the presidential race in July, acknowledging there are many election experts analyzing the failed efforts by the Democratic Party with their own opinions on the race dominated by Republican President-elect Trump.

Jean-Pierre spoke to reporters during a press briefing Thursday afternoon, saying Biden had called Trump to congratulate him on his victory, assuring Trump he would direct his administration to work with Trump’s team to ensure a peaceful and orderly transition of power.

Additionally, Jean-Pierre said Biden had spoken with Vice President Kamala Harris to congratulate her on a ‘history-inspiring campaign.’

‘For some people, this election is a time of victory, and for others, it’s a time of loss,’ she said. ‘To state the obvious, Tuesday night’s results were not our team’s desired outcome. There’s going to be a lot of postmortem analysis of what happened in the coming days, in the coming weeks, even in the coming months.’

One reporter asked Jean-Pierre to address the criticism directed at Biden for the loss.

‘What I can say, and this is something the president says all the time: ‘You get knocked down, you get back up,’’ Jean-Pierre said, noting the president made that exact statement moments earlier. ‘The president believes he made the right decision on behalf of the American people, on behalf of this country, to step aside.’

After the 2022 midterms, Biden decided to seek re-election despite polls in 2023 showing that about 80% of the American public believed the octogenarian was too old to serve another term.

‘What he believed is that 14 million voters decided in the primary to make him and the vice president, obviously she was on the ticket, the nominee,’ Jean-Pierre said when asked again if Biden made the right decision to run for president. ‘Fourteen million Americans decided that. So, they made their decision on who they wanted.

‘Now, as we know, in July the president made a decision to step aside and he immediately … endorsed the vice president,’ she added.

Jean-Pierre was also pressed on whether it was wrong for the president’s team in 2023 to firmly encourage rising stars in the Democratic Party and others who participated in the 2020 cycle to rally behind Biden and not consider running for president.

She refused to get into a specific conversation but said it was not unusual for party members to rally behind their leader, which, in this case, was Biden.

‘What I can say is what the president decided to do, what the president believed and what the president is going to continue to do, [which] is put the American people first,’ Jean-Pierre said.

She was also pressed about whether Biden still stands by his description of Trump being an existential threat to democracy.

Jean-Pierre said Biden believes what he said at the time and believes he had an obligation to be honest with Americans.

She backed her statement up by pointing to comments made by former chief of staff John Kelly, who referred to Trump as a ‘fascist.’

During a series of interviews conducted with the media and published in October, Kelly recounted multiple occasions when the former president allegedly praised Adolf Hitler. Kelly also insisted Trump met the ‘general definition of a fascist’ and would govern like a dictator if allowed.

Jean-Pierre said Kelly was clear in his statements, while also pointing to statements made by Trump about the enemy within, going after people who disagree with him.

‘Look, we’re being very clear here,’ Jean-Pierre said. ‘The outcome was not what we wanted, and the Americans have made a decision that we want to respect. We want to respect the decision that the American people have made, and we are going to make sure that the American people get what they deserve, which is a peaceful transfer of power.’


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Susie Wiles, a longtime GOP operative, will serve as President-elect Donald Trump’s White House chief of staff. 

Largely avoiding the spotlight, Wiles has been widely credited for running what was Trump’s most disciplined and well-executed campaign. 

During his victory celebration in West Palm Beach, Florida, Trump gave a special thanks to Wiles for her prominent role in the campaign. 

‘Let me also express my tremendous appreciation for Susie [Wiles] and Chris [LaCivita], on the job you did. Susie, come, Susie,’ Trump said. ‘Susie likes to stay sort of in the back, let me tell you. The ice baby. We call her the ice baby. Susie likes to stay in the background. She’s not in the background.’ 

Trump described Wiles as ‘tough, smart, innovative’ and said she is ‘universally admired and respected.’ 

He noted her place as the first female chief of staff in U.S. history, saying: ‘I have no doubt that she will make our country proud.’

A longtime Florida-based Republican strategist who ran Trump’s campaign in the state in 2016 and 2020, Wiles’ decades-long political career stretches back to working as former President Reagan’s campaign scheduler for his 1980 presidential bid. 

Wiles also ran Rick Scott’s 2010 campaign for Florida governor and briefly served as the manager of former Utah Gov. Jon Huntsman’s 2012 presidential campaign. 

Wiles currently serves as a senior adviser to Trump and is campaign co-chair alongside Chris LaCivita.

Former House Speaker Kevin McCarthy was previously floated as a possible contender for chief of staff, but recently told ‘The Guy Benson Show’ that he would not take the position if it was offered. 

‘People always ask if I’m going to be chief of staff — no, I’m not going to be… that’s a no,’ he said. 

Fox News Digital’s Aubrie Spady and The Associated Press contributed to this report. 


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In the wake of Donald Trump’s victory in the 2024 US presidential election, the cryptocurrency industry now faces the challenge of navigating a new political landscape with potentially significant implications for its future.

Trump’s upcoming presidency is expected to impact regulation, taxation and the integration of cryptocurrencies into the mainstream economy, raising questions about the direction this transformative technology will take under his leadership.

Throughout the election cycle, crypto-friendly voters advocated for a favorable regulatory framework, and the choices made at the ballot box will undoubtedly shape the industry’s trajectory.

With Trump’s electoral victory secure, the coming months will be crucial for the crypto industry as it adapts to new policies and initiatives.

In this article

    How did the crypto sector influence the US election?

    The industry was influential at both the federal and state levels leading up to election day.

    In December 2023, in order to gain a toehold in the political sphere, a group of three affiliated super political action committees (PACs) backed by prominent figures in the crypto sphere revealed plans to invest a substantial US$78 million with the aim of supporting crypto-friendly candidates in their political campaigns.

    Fairshake, one of the group’s three affiliated super PACs, has now raised upwards of US$200 million through donations from major stakeholders, including significant contributions from the Winklevoss twins and companies such as Kraken, Coinbase (NASDAQ:COIN) and Electric Capital Partners. The group reportedly spent around US$10 million on attack ads to sway voters against Representative Katie Porter (D) in California’s Senate race in March, which she ultimately lost. The Cedar Innovation Foundation, another super PAC group with unknown backers, reportedly engaged in similar lobbying efforts in January to unseat crypto cynic Senate Banking Chairman Sherrod Brown (D-OH).

    Before President Biden withdrew as the Democratic candidate, Republicans were the primary beneficiaries of super PAC support. However, the situation changed almost immediately when Vice President Kamala Harris entered the race, although she remained tight-lipped on the issue for weeks following her nomination.

    A new advocacy group, Crypto4Harris — which included billionaire and crypto advocate Mark Cuban and SkyBridge Capital founder Anthony Scaramucci — was quick to throw its support behind Harris, who was perceived as more receptive towards the industry.

    At the Democratic National Convention on August 21, an aide to Harris’ team said she would “support policies to expand the industry.” Harris confirmed her position on the issue at a Wall Street fundraiser a month later while emphasizing that consumer protection is an equally paramount part of her “Opportunity Economy” pledge.

    Later, at a rally in Erie, Pennsylvania, on October 14, Harris reaffirmed her commitment to supporting the crypto industry, stating that her administration would establish rules for digital assets.

    Following this announcement, Chris Larsen, the co-founder of Ripple Labs, donated US$1 million worth of his company’s native tokens XRP to Future Forward, a significant super PAC that’s backing Harris’ run. Ripple Labs has been engaged in a years-long battle with the SEC over sales of XRP. Judge Analisa Torres ruled in Ripple’s favor in August, but the SEC reopened the case by filing a motion to appeal on October 2.

    How is crypto currently regulated in the US?

    The regulatory landscape for the crypto industry in the US is still evolving, and further developments are expected to occur in the coming years. As it stands, various government agenciesemploy diverse strategies to regulate different aspects of the industry, reflecting their unique mandates and objectives.

    The US Securities and Exchange Commission (SEC) is the primary regulator of securities in the US and, under Chairman Gary Gensler, who was appointed by President Joe Biden, it has taken the view that many cryptocurrencies constitute securities and are therefore subject to federal securities laws.

    The Commodity Futures Trading Commission (CFTC) is the primary regulator of futures and options contracts in the US. It is of the opinion that certain cryptocurrencies, such as Bitcoin and Ethereum, are commodities due to their decentralized nature and the fact that they are not backed by a government or other central authority.

    Both regulators have taken action against crypto exchanges for breaking laws. Most notably, the CFTC brought charges against Binance founder Changpeng Zhao for violating the Commodity Exchange Act in March 2023. Meanwhile, the SEC has been involved in litigation against numerous crypto companies for years.

    Majority party split on crypto regulation

    Democrats are divided on the best approach to crypto regulation. While some have cited concerns that overregulation could stifle innovation, other representatives, like Senator Elizabeth Warren (D-MA), have advocated for more stringent policies, citing threats to national security without proper money-laundering provisions in place.

    That division became evident when a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB-121) passed in the House in early May. The Republican-backed resolution requires firms that provide custody for crypto assets to record them as liabilities, arguing it would reduce regulatory burdens, enable crypto innovation and challenge the SEC’s evolving guidance on digital asset custody. Opponents said reversing the order would undermine the SEC’s authority, which put the measure in place to protect consumers and investors from fraud.

    Despite Biden’s opposition and veto promise, the Senate voted to repeal SAB-121 with bipartisan support. Notably, Senate Majority Leader Chuck Schumer crossed party lines, potentially motivated by Trump’s support of crypto-friendly policies. This move signaled a shift in the political landscape as Democrats reassessed their stance on crypto regulation and appeal to the growing crypto community.

    Biden did ultimately veto SAB-121, but the split among Democrats, as well as the SEC’s recent approval of spot Bitcoin and Ether exchange-traded funds, and the passing of three crypto-related bills, led some analysts to suggest that the party may be easing its approach to appease pro-crypto voters and gain the support of the crypto-backed super PACs.

    Key US crypto legislation to watch

    With cryptocurrencies becoming more mainstream, US lawmakers have been strongly encouraged to create a clear and comprehensive regulatory framework for this rapidly evolving industry.

    FIT21 Act

    The Financial Innovation and Technology for the 21st Century Act (FIT21) is the first federal bill specifically focused on cryptocurrencies to pass one chamber of Congress. It provides a comprehensive and clear regulatory framework, giving the CFTC greater regulatory authority for digital assets over the SEC.

    Ranking members of the Democratic Party said they would not whip Democrat votes against FIT21 despite the party’s belief that it creates uncertainty and undermines established legal precedents in its current form. FIT21 received “overwhelming bipartisan support” in the House on May 22, passing with a vote of 279 to 136.

    Former House Speaker Nancy Pelosi was one of the votes in favor of FIT21. When she was speaker, she accepted donations on behalf of the House Majority PAC from ex-crypto king Sam Bankman-Fried before his arrest in 2022. Sources for the American Prospect confirmed she was considering the motion days before the vote took place.

    In addition to FIT21, Congressman John Rose (R-TN) introduced the BRIDGE Digital Assets Act to Congress on September 12. This bill seeks to establish a joint advisory committee consisting of members of the SEC and CFTC. It was referred to the Committee on Financial Services and the Committee on Agriculture. The House’s next session is scheduled for November 12 to 21.

    Responsible Financial Innovation Act

    For opponents, the Responsible Financial Innovation Act offers an alternative approach. The bill was a bipartisan effort that was reintroduced by Senators Cynthia Lummis (R-WYO) and Kirsten Gillibrand (D-NY) in July 2023. It has since been referred to the Committee on Banking, Housing and Urban Affairs.

    The Act is similar to FIT21; however, there are also some differences between the two bills in terms of their specific provisions and approaches. For example, FIT21 places a greater emphasis on defining key terms and providing exemptions from duplicative regulations, while the Responsible Financial Innovation Act focuses more on consumer protection and combating illicit finance, goals that align with statements made by the White House.

    Digital Asset Anti-Money Laundering Act

    While the Responsible Financial Innovation Act seeks to provide a comprehensive framework for regulating digital assets, the Digital Asset Anti-Money Laundering Act aims to address concerns about money laundering and illicit finance in the digital asset space. The bill has 19 sponsors, including Republicans Lindsey Graham (R-SC) and Roger Marshall (R-KS), as well as Warren, a longtime political ally to the current president.

    What does Trump think about crypto?

    In response to the crypto industry’s growing influence in the political sphere, Trump shifted toward a supportive stance in the months before the election. After initial skepticism, his forays into the crypto world include the launch of his second collection of Trump Cards, a non-fungible token (NFT) collection on the Polygon blockchain; and his family’s crypto project World Liberty Financial.

    In May, Trump became the first presidential nominee to accept donations in digital currencies, and criticized Biden and Gensler at a dinner for buyers of his NFT cards, telling pro-crypto attendees that they “better vote for Trump” if they want crypto in “any form.” In June, he advocated on Truth Social for all future Bitcoin mining to be done in the US.

    While he hasn’t explicitly said how he plans to tax digital assets, Trump is a prominent proponent of lower taxes. His administration signed the Tax Cuts and Jobs Act into law in 2017, the largest tax code change made in decades. Provisions within the act are set to expire in 2025, although Trump has said he will make them permanent. The Congressional Budget Office has estimated these tax cuts would deduct billions from the US revenue base annually beginning in 2027.

    At a rally in New Jersey in mid-May, Trump promised voters that he would impose further tax cuts, lowering the maximum capital gains tax rate from 20 percent to 15 percent. This would affect crypto assets, as the Internal Revenue Service (IRS) treats cryptocurrencies as property, making transactions subject to capital gains and other taxes.

    According to Section 1031 of the tax code, some capital gains taxes can be deferred for like-kind exchanges — in other words, investments that are of the same nature or character, even if they differ in size or value. The IRS concluded in 2021 that only “real property” can qualify for tax deference as like-kind exchanges, excluding swaps of cryptocurrency. However, some attorneys disagree with that classification.

    Trump spoke at the 2024 Bitcoin Conference in Nashville on July 27, promising friendly regulations and the creation of a strategic Bitcoin stockpile for the US. A draft of legislation to support a Bitcoin reserve was introduced by Senator Cynthia Lummis (R-Wy) at the event following Trump’s speech. The draft legislation for the reserve fund briefly mentions that it would contribute to reducing the US national debt, but it lacks specific details on how this would be achieved. Trump was notably tight-lipped on the issue during a recent interview with Elon Musk.

    It’s worth noting that a special-interest group called Project 2025 has developed a 900 page conservative policy agenda called the Mandate for Leadership that includes strategies to shift the power of the IRS and other agencies toward the executive branch. Additionally, the document recommends that the SEC and the CFTC collaborate to delineate the distinction between digital assets that are classified as securities and those that are considered commodities.

    The group was organized by the Heritage Foundation, a conservative think tank that has influenced Republican policies in the past, including during Trump’s presidency.

    Investor takeaway

    Trump’s statements in recent months suggest a permissive stance toward crypto if he is elected. Most crypto experts advocate for a regulated approach, arguing that increased regulatory efforts have served as an incentive for more serious investors.

    Ultimately, the outcome of the election will have important implications for the future of crypto regulation and the broader crypto industry.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    The top three House Republican leaders are all running for their roles in the new Congress, a show of confidence that the GOP will prevail in winning full control of the federal government.

    Speaker Mike Johnson, R-La., and House Majority Leader Steve Scalise, R-La., sent letters to fellow House GOP lawmakers on Wednesday night asking for support to remain in those positions.

    House Majority Whip Tom Emmer, R-Minn., made a similar entreaty on Thursday morning.

    The current House leadership lineup is not expected to face significant challenges if Republicans prove successful in keeping the chamber.

    Each promised to work in support of conservative policies alongside President-elect Trump in separate letters obtained by Fox News Digital.

    ‘We can secure our borders, prioritize the needs of Americans above foreigners, promote investment and opportunity through the tax code, return to American energy dominance, dramatically reduce regulations, expand school choice, end the woke agenda, and restore fiscal sanity to Washington – among other pressing items,’ Johnson wrote in his letter.

    ‘I’m ready to take the field with all of you, and I am humbly asking for your support to continue leading this Conference as your Speaker.’

    Scalise’s letter was a four-page memo detailing how congressional Republicans would pass significant conservative reforms using a legislative process called ‘reconciliation.’

    Reconciliation is a way to fast-track legislation on issues like taxes, the debt limit, and federal spending by bypassing the Senate’s 60-vote threshold for passage, instead lowering it to a simple 51-vote majority.

    But Scalise signaled Republicans would test those boundaries next year.

    ‘Though there are Senate rules limiting what we can fit in budget reconciliation, I want us to be bold and creative so we can include as many reforms in this package as possible,’ he said.

    ‘Democrats expanded what is traditionally allowed in reconciliation, and we intend to do the same. Now is the time to go big to advance conservative policies that will make our country prosperous and secure again.’

    Emmer in his letter emphasized his role as whip in convincing Republicans to come together on legislation, even conceding that it was a difficult mission at times during the exceptionally disorderly 118th Congress.

    ‘We will always have disagreements over policy and strategy. That’s a good thing. Governing is messy and imperfect. But I have always believed that there is more that unites us than divides us,’ he wrote. ‘I’ve witnessed this as your Whip, bringing together members from across our conference to hash out these disagreements and find a path to 218 votes.’

    ‘I will always be direct, honest, and transparent. I will never make false promises or try to buy your votes.’

    Meanwhile, Rep. Kevin Hern, R-Okla., who is term-limited as chair of the Republican Study Committee, the House GOP’s de facto conservative think tank, has announced a bid for House Republican Policy Committee chair.

    The role, currently held by Rep. Gary Palmer, R-Ala., is the No. 5 position in the House GOP leadership lineup.

    In his appeal to Republicans, Hern emphasized his good relationship with Vice President-elect JD Vance from his brief time in the U.S. Senate.

    The No. 4 House Republican leader, House GOP Conference Chair Elise Stefanik, R-N.Y., is also running for her current position again, though Fox News Digital is also told that she is angling for a Trump administration role as ambassador to the United Nations. Her spokesperson did not immediately return a request for comment.

    House Republicans are slated to hold their leadership elections on Wednesday next week, their first full day back in Washington since September.

    The balance of power in the House has not yet been decided – something House Minority Leader Hakeem Jeffries, D-N.Y., has pointed out in multiple public statements – but the speedy consolidation of power is a sign Republicans are feeling good about their chances.

    The Fox News Decision Desk put odds slightly in favor of the GOP in a Wednesday afternoon update. 


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    It wasn’t supposed to be like this.  

    Pollsters and pundits promised that the 2024 presidential election between Vice President Kamala Harris and, now, President-elect Donald Trump would be a nail-biter. But in the end, it was a blowout, and it opens the door for Republicans to grasp generational power. 

    Since 1994, when Americans signed up for the GOP’s Contract with America and ended four decades of Democratic control of the House of Representatives, our country has not had a truly dominant political party.  

    It has been a 50/50 society since then politically, with neither side able to maintain long enough simultaneous control of Congress, the presidency and the courts to enact the kind of sweeping change that Franklin D. Roosevelt achieved in the 1930s and which Lyndon B. Johnson did in the 1960s. 

    FDR’s alphabet soup of federal agencies and LBJ’s welfare state are still with us; they have this permanence precisely because they were enshrined during prolonged periods of Democratic Party power. Today, it could finally be time for Republicans to return the favor. 

    The biggest takeaway from Trump’s – pollster humiliating – win is not how much he won by, but who he won with.  

    Exit polls tell us that Trump won an astounding 46% of the Hispanic vote, an eye-popping 35% of Black men in Texas, and won first-time voters, who he lost badly to President Joe Biden in 2020, owing to growing support among Gen Z men in their 20s. 

    As Biden is so fond of saying, ‘this is not your grandfather’s Republican Party.’ 

    Why the 2024 presidential race is a

    Even suburban White women, supposedly his Achilles heel, broke for Trump, which is nice because now they won’t have to lie to their husbands about their vote, as Democrats implied cowed women across America would. 

    Since the beginning of his political rise, four issues have animated Trump’s populist GOP: a strong border, energy independence, anti-globalism and fighting the culture war.  

    All four are issues with majority support in the country, and if Trump, working with a GOP Congress, prioritizes the core four new right principles, there is reason to think voters will continue to reward them with a growing and increasingly diverse coalition. 

    When you add to this a conservative 6-3 majority in the Supreme Court, one that Trump could solidify should either Justices Clarence Thomas or Samuel Alito retire, you have all the tools needed to deconstruct our broken deep state bureaucracy. 

    Obviously, the major obstacle to generational GOP power is the Democrats, but in the wake of Harris’ humiliating defeat, the party is in shambles, and worse, has an increasingly fractured coalition.  

    Make no mistake, Harris lost this election, in large part, because she refused to take clear positions on major issues, but how could she when Democrats themselves are divided on so many of them, like Israel vs Hamas, fracking vs environmentalism, men playing in women’s sports vs basic sanity? 

    The problem was not so much that Democrats didn’t tell us who Harris is, it was that they never actually decided who they wanted her to be. 

    Now, I am old enough to remember, after President Barack Obama was elected in 2008, the oceans of ink spilled in endless thinkpieces about how Republicans would never win again, essentially, the liberal version of this very column you’re reading. 

    Trump to begin his term with Republican Senate control

    In Obama’s case, specifically in his second term, he and his party lurched so far left that he alienated the very core Democratic voters, such as the White working class, who would then elect Trump, and that is a warning for Republicans. 

    Trump and the GOP must avoid the kinds of bait and switch we saw with Obama, who, for example, went from lying about opposing gay marriage based on his deep Christian beliefs to ‘evolving’ on his position. 

    If the Republican Party can stick to the four key platform items that broadened their coalition, if they can start to secure the border, bring jobs home, lower gas prices, as well as stand up for biological reality and a colorblind society, this new GOP can hold together. 

    Since the beginning of his political rise, four issues have animated Trump’s populist GOP: a strong border, energy independence, anti-globalism and fighting the culture war.  

    Donald Trump will never run for president again, but in four years some Republican will, and whether it is Vice President-elect JD Vance, Gov. Ron DeSantis, or anyone else, Trump has the chance to hand them the keys to a party with the power to fundamentally change America for the better. 

    This is a golden chance for the Republican Party, the kind that doesn’t come around very often. We will soon find out if they can keep it. 


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    Speculation is surging that Susie Wiles, a veteran political operative who worked closely with President-elect Trump during his campaign, could take a top position in his new administration.

    Sources within Trump’s transition team and others close to the former president’s campaign confirmed to Fox News that Wiles is reportedly the frontrunner for White House chief of staff – the person who oversees the Executive Office of the President.

    Trump, during his victory celebration in West Palm Beach late Tuesday night, gave special thanks to Wiles for her prominent role throughout the campaign. 

    ‘Let me also express my tremendous appreciation for Susie [Wiles] and Chris [LaCivita], the job you did. Susie, come, Susie,’ Trump said, inviting her up to the microphone, but Wiles refrained from making comments.

    ‘Susie likes to stay sort of in the back, let me tell you. The ice baby. We call her the ice baby. Susie likes to stay in the background. She’s not in the background,’ Trump added. ‘Thank you, Susie.’

    NBC News also reported that Wiles is seen as the frontrunner to become Trump’s chief of staff. Two sources in Trump’s political orbit didn’t wave Fox News off the reporting.

    Wiles’ decades-long political career stretches back to working as former President Ronald Reagan’s campaign scheduler for his 1980 presidential bid.

    Wiles managed several campaigns throughout her political career, including former Utah Gov. Jon Huntsman Jr.’s presidential campaign and Florida Sen. Rick Scott’s Senate bid.

    The Florida-based consultant successfully managed the operations for Trump’s 2016 and 2020 campaigns in the Sunshine State, contributing to his victories in Florida during both elections. In between presidential cycles, Wiles helped Ron DeSantis with his 2018 bid for governor.

    Wiles currently serves as a senior adviser to Trump and is campaign co-chair alongside Chris LaCivita.

    Former House Speaker Kevin McCarthy was previously floated as a possible contender for chief of staff, but recently told ‘The Guy Benson Show’ that he would not take the position if it was offered. 

    ‘People always ask if I’m going to be chief of staff, no I’m not going to be… that’s a no,’ he said. 


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