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Here’s a quick recap of the crypto landscape for Friday (December 19) as of 9:00 pm UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$88,004.97, up by 3.6 percent over 24 hours.

Bitcoin price performance, December 19, 2025.

Bitcoin price performance, December 19, 2025.

Chart via TradingView

Ether (ETH) was priced at US$2,991.30, up by 7.2 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.91, up by 5.7 percent over 24 hours.
  • Solana (SOL) was trading at US$126.85, up by 7.6 percent over 24 hours.

Today’s crypto news to know

MetaPlanet’s US expansion and OTC trading debut

American Depositary Receipts (ADRs) of BTC treasury company Metaplanet (TSE:3350,OTCQX:MPJPY) began trading today on the US OTC market under the ticker symbol MPJPY, replacing the previously unsponsored MTPLF ticker, according to an announcement from the company.

This step builds on earlier US expansions. The company, which is based in Tokyo, established a wholly-owned subsidiary called Metaplanet Treasury in Miami, Florida, in May 2025 to handle BTC accumulation and treasury operations with up to US$250 million in capital.

The launch is intended to enhance US investor participation in MetaPlanet’s BTC strategy.

Poland’s parliament approves MiCO-aligned crypto bill over veto

Poland’s lower house of parliament, called the Sejm, approved a crypto-asset market bill today, overriding President Karol Nawrocki’s prior veto. It now heads to the Senate for review, where it potentially faces another veto.

President Nawrocki vetoed the bill earlier in December, citing threats to civil liberties like easy website blocks. Prime Minister Donald Tusk’s government resubmitted the bill, unchanged. It passed with 241 votes.

The bill aligns Poland with the EU’s MiCA regulation by designating the Financial Supervision Authority (KNF) to oversee crypto exchanges, impose sanctions, and introduce criminal liability for offenses.

US Senate confirms Mike Selig as CFTC Chair

The US Senate has confirmed Mike Selig as the next chair of the Commodity Futures Trading Commission (CFTC), bringing permanent leadership back to an agency that has operated for months in near-limbo.

Selig’s confirmation passed 53–43 as part of a broader package of federal appointments. The CFTC had been functioning with a single commissioner, Acting Chair Caroline Pham, after multiple resignations hollowed out the five-member panel.

While Pham kept the agency operational, the lack of a Senate-confirmed chair constrained long-term planning, staffing, and coordination with other regulators.

That gap was especially acute as lawmakers debated expanding the CFTC’s role in overseeing spot crypto markets.

CLARITY Act heads for Senate markup in January

The Digital Asset Market Clarity Act is set to enter Senate markup in January, according to White House crypto and AI adviser David Sacks, putting the bill on a formal path toward passage.

‘We had a great call today with Chairmen @SenatorTimScott and @JohnBoozman who confirmed that a markup for Clarity is coming in January. Thanks to their leadership, as well as @RepFrenchHill and @CongressmanGT in the House, we are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for,’ Sacks posted on X. ‘We look forward to finishing the job in January!’

Senate Banking Chair Tim Scott and Agriculture Chair John Boozman have agreed on the timeline. The bill, which cleared the House earlier this year, aims to settle long-running jurisdiction disputes by spelling out when a token is a security versus a commodity.

Lawmakers are expected to focus amendments on asset classification tests, investor protection standards, and how quickly platforms must register under the new regime.

Another key issue will be how the SEC and CFTC coordinate oversight during the transition period.

If the schedule holds, Congress could finalize a reconciled version later during the year.

Bybit re-enters UK Market via FCA-approved promotion route

Crypto exchange Bybit has resumed operations in the UK after a two-year absence triggered by tighter rules on crypto marketing and promotions.

The platform has restarted spot trading with 100 pairs, using a compliance structure designed to meet the Financial Conduct Authority’s (FCA) financial promotion standards.

Rather than holding its own UK authorization, Bybit is operating under an arrangement with London-based exchange Archax, which is licensed to approve crypto promotions for unauthorised firms.

This route has previously been used by other major exchanges seeking access to British users.

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

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

This post appeared first on investingnews.com

The palladium price surged upward in 2025 after three years of trending down and sideways.

More than 80 percent of palladium demand comes from the auto sector, where it is used in the production of catalytic converters. Platinum and palladium are mostly interchangeable for this end use, and typically swapped for each other as their prices fluctuate.

Strong growth in demand for electric and hybrid vehicles in recent years has placed downward pressure on palladium prices. On the supply side, Russia is one of the world’s top suppliers of palladium and other platinum-group metals.

In 2025, palladium prices soared by more than 83 percent as of mid-December on supportive demand signals from slowing electric vehicle (EV) adoption trends and concerns about Russian supply reliability.

The price of the metal reached a year-to-date high of US$1,675.50 per ounce on December 17.

What’s the outlook for palladium in 2026? Let’s see what the experts have to say.

Platinum demand depends on auto sector

As for China, data from the China Passenger Car Association shows retail auto sales fell by 8.1 percent in November and dropped by 1.1 percent month over month; however, exports rose 52 percent to a record high of 601,000 units.

“New-energy vehicle sales grew only 4.2 percent year over year, undershooting expectations and reinforcing the theme that the domestic EV momentum is cooling faster than previously assumed,” said Hasan.’The export boom, however, keeps Chinese production elevated and sustains global palladium demand through foreign-market supply chains.”

The global slowdown in EV sales is also beneficial to palladium’s demand prospects. Reuters reported that global EV sales rose by just 6 percent in November on flat sales out of China and a 42 percent drop in North America after the Trump Administration ended the EV tax credit scheme. That’s the slowest growth rate since February of 2024.

“Slower electrification limits the speed of substitution away from palladium-heavy combustionengines, extending the life cycle of auto catalyst demand at a time when supply growth remainsan open question,” Hasn stated.

Looking into 2026, S&P Global sees the outlook for light-vehicle production being dependent on changing US trade policies and emissions standards. Consumer demand could be weighed down by the extra costs brought about by tariffs.

“The broader pattern suggests flattish global production trends for 2026, a scenario that keeps palladium demand growth steady but not spectacular,” Hasn explained.

Another factor that may impact palladium demand in the coming year is the premium reversal and the potential for auto makers to swap platinum for palladium in autocatalysts. Historically, for the most part palladium has traded at a premium to platinum; however, this trend reversed in late 2025 as the platinum market is facing a large supply deficit for the year.

In its September 2025 market update, the World Platinum Investment Council (WPIC) reported at that time that platinum prices over the preceding twelve months were trading at an average premium of US$59 per ounce to palladium prices. The WPIC said it “expects reverse substitution (i.e. palladium for platinum) to reach 250 koz by 2029f. With palladium now benefitting from reverse substitution, palladium will also relatively benefit (versus platinum) from China 7 emission legislation which we have added into our forecasts from 2028f.”

As of December 17, platinum is trading at a premium of more than US$250 compared to palladium.

Palladium supply facing challenges

Palladium’s price peaks in 2025 are not all related to demand. Production and logistics challenges are also driving prices for the metal. The two geographic regions to watch for supply side trends are Russia and South Africa, by far the two biggest palladium producing countries. Together, they account for more than three-quarters of global palladium production. In Russia, palladium is mainly a by-product of nickel and copper mining, whereas in South Africa the metal is mined as a by-product or co-product of platinum.

In South Africa, platinum and palladium mining operations have been plagued by heavy rain and flooding in 2025. The nation’s mining industry has already been suffering under an energy crisis marked by frequent power outages. To further compound the supply problem, maturing deposits are becoming more expensive to mine and a lack of significant capital investment has led to a dearth of new projects.

In Russia, palladium output is traditionally dependent upon the economic and operational viability of its nickel mines. Since the country’s invasion of Ukraine, logistical challenges have erupted all along the palladium supply chain from mining to export as sanctions and trade restrictions have tightened. This includes the removal of Russian refiners from the London Platinum and Palladium Market ‘Good Delivery Lists’.

Another supply side challenge came in mid-2025 when American palladium producer Sibanye-Stillwater (NYSE:SBSW) headed up a petition requesting that the US International Trade Commission (ITC) investigate anti-dumping and countervailing duties on Russian unwrought palladium. Russian palladium represents about 40 percent of US imports of the metal.

The ITC found that dumped and subsidized Russian palladium imports do pose a threat to the US palladium industry. The Department of Commerce is now conducting a full investigation into the dumping margins and subsidies of Russian unwrought palladium. A determination is expected in January 2026, followed by the final phase of the ITC investigation to be completed in May 2026.

Sterck said the outcome could have an impact on the substitution of platinum for palladium in catalytic converters. “I think going into next year, we should get greater clarity on these investigations, and it’s certainly something that we’ll be watching in terms of trying to inform our estimates for 2026 as a whole,” he added.

In its September 20205 market update, the WPIC projected that the palladium market will likely post supply deficits for 2025 and 2026 before moving into a surplus. That’s with palladium mine supply forecast to decline by 1.1 percent CAGR between 2024 and 2029.

“Notably, the forecast of palladium going into surplus is entirely contingent on recycling supply growth. If this does not materialise then palladium could remain in a deficit for the foreseeable future, which could materially alter palladium value expectations,” stated the report.

Palladium price forecast for 2026

The palladium market is notoriously volatile and highly sensitive to economic swings and supply disruptions. All of this makes forecasting palladium prices challenging.

Precious metals industry service provider Heraeus Precious Metals’ 2026 palladium price forecast is representative of the uncertainty prevalent in this segment of the market. The firm is projecting that prices for the metal will trade in a range of US$950 to US$1,500 next year.

Palladium may face a widening surplus as battery electric vehicles gain market share,” said Henrik Marx, Head of Trading at Heraeus Precious Metals. This would likely place downward pressure on palladium price. However, the firm’s report points out that the metal’s price may receive a boost from a rally in platinum prices.

New York-based precious metals dealer Bullion Exchanges has a base case of US$1,300 to US$1,600 per ounce for palladium in 2026. If EV adoption grows faster than expected, its bearish case for the metal comes in at US$1,100 per ounce. If the supply deficit deepens and Russian palladium faces further sanctions, the firm sees a more bullish case for palladium to soar above US$1,800 per ounce.

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

This post appeared first on investingnews.com

On Friday, I debated cannabis legalization at AmericaFest 2025, the annual convention for Turning Point USA, the group led by Charlie Kirk until his assassination in September. Here’s my opening argument:

My opponent this afternoon is Katherine Mangu-Ward, the editor-in-chief of Reason magazine and a staunch libertarian. Katherine’s pinned post on X calls for the legalization of heroin, so at least she is consistent.

I too am consistent. I believe the liberal and libertarian effort to destigmatize, normalize, legalize, and even promote the use of ‘drugs of abuse‘ has been a catastrophe for the United States. 

We are a global outlier on this issue. We have reaped nothing but pain for a generation of ideologically driven decisions to make drugs more accessible to both young people and adults.

By ‘drugs of abuse,’ I mean drugs that produce a subjective high that makes people want to keep using them and to use more over time. The precise biochemical mechanism and whether the high is stimulating, sedating, or intoxicating matters less than the fact of its temporary pleasure. Of course those drugs include cannabis. Yes, alcohol is a drug of abuse too. So are medically prescribed drugs, from Oxycontin to Adderall to Valium.

Unfortunately, Thursday’s decision by President Trump to ‘reschedule’ cannabis and make it more accessible will only worsen this self-imposed crisis and lead to more drug-driven misery and death.

Let’s be clear about cannabis. Cannabis — particularly cannabis today, which is very high in THC, the chemical that intoxicates users — is very much a drug of abuse.

When they have been tested in rigorously controlled trials — and they have been tested over and over — cannabis and THC have shown almost no medical benefits. But they have many side effects, to both brain and body.

Normalizing drug use normalizes drug use. Pretending drugs of abuse are medicine normalizes it even faster.

Cannabis can cause psychotic episodes where users lose touch with reality and become paranoid that friends or family members want to hurt them. It can sometimes cause those users to become violent in response. It can cause episodes of prolonged vomiting that send users to emergency rooms. It is associated with traffic accidents and deaths. It raises the risk of heart attacks in users dramatically. And, yes, it is a gateway drug.

Overall, cannabis is probably at least as dangerous as alcohol. It is less obviously physically harmful, for despite its cardiovascular risks, it does not cause direct overdose. But it is more psychiatrically harmful.

Trump executive order reclassifying marijuana sends ‘mixed messages’: Former RNC communications director

Now we come to the simple, facile libertarian argument: but alcohol is legal! Cannabis should be legal too. In fact, all drugs should be legal — and again, I do appreciate the fact Katherine was honest enough to say that out loud.

My drug, my body, my choice.

Sounds good. Except that to use drugs is inevitably to risk consequences both to yourself and to other people that cannot be foreseen. Drugs follow their own logic.

Study reveals marijuana linked to 42% of deadly car crashes in Ohio

Some drugs — especially opioids — frequently kill their users from overdose. Many drugs cause users to behave in antisocial ways — to become violent, or simply to stop caring about the possible consequences of their actions. And all drugs of abuse have addictive potential.

The libertarian solution to this problem is to ignore it, to say that users are responsible for their own behavior. If they become addicted, too bad for them.

This theory sounds nice. But it ignores reality.

The children and families around users and addicts inevitably bear the brunt of their antisocial behavior, and the rest of us cannot ignore its public harms. Even when it does not lead to full-bore addiction, drug use that is more than casual almost inevitably worsens the problems users have turned to it to solve. It is the most selfish of acts. It divorces users from the lives of people around them — and their own lives.

A religious person might call that behavior immoral. But one doesn’t have to be religious to recognize it has what economists call externalities. The user feels the subjective pleasure, while everyone else faces the potential consequences.

As a society, we seem to have become desensitized to the potentially horrific consequences of drug use.

We should not be. We must not be.

We — as individuals, and as a nation — must do everything possible to remind people of them. We must discourage it at every turn. That means stigmatizing drugs of abuse, not legitimizing them, not building industries that profit from heavy use and addiction.

It means driving up the price — in dollars and potential legal consequences — of drug use to discourage people who have not used from doing so, rather than making drugs cheap, openly advertised, and easily accessible.

It means understanding that every drug is a gateway drug, not just biochemically but societally. Normalizing drug use normalizes drug use. Pretending drugs of abuse are medicine normalizes it even faster.

Gen Z swaps alcohol for cannabis in rising ‘California Sober’ trend

Legalization is a red herring. Alcohol is legal, but we arrest people for alcohol consumption all the time — for underage use, for public drinking or intoxication, for drinking and driving. We will continue to arrest people for using cannabis too, even if the drug is fully legalized at the state and federal level.

But whatever the legal status of cannabis, we are not going to put every — or even many — cannabis users in jail. We don’t now, and we didn’t a generation ago. 

The question is whether we want encourage use: of cannabis, of Adderall, of alcohol, of OxyCONTIN, of fentanyl, of cocaine, of every legal and illegal drug. Legalizing cannabis is another step on that path to ruination.

I hope we do not take it.

Editor’s note: This column first appeared on the author’s Substack, ‘Unreported Truths.’


This post appeared first on FOX NEWS

The platinum price surged more than 90 percent from Q2 on in 2025, passing US$1,900 per ounce in December.

After silver, platinum was easily the second best-performing metal in terms of price for the year.

Some of its gains were due to strong industrial demand from the automotive sector and emerging clean energy technologies. And as a precious metal, interest rate cuts by the US Federal Reserve have boosted investment demand.

However, the biggest factor moving platinum’s price is the projected supply shortfall of more than 692,000 ounces for the year. Will these trends carry on in to 2026? Read on to learn more about what analysts believe is in the cards.

Automotive sector still leads for platinum demand

The automotive industry is easily the largest demand sector for platinum.

Both platinum and palladium can be used in catalytic converters, which help eliminate toxic emissions from vehicle tailpipe gases. As their prices fluctuate, platinum and palladium tend to be swapped.

Even so, in its latest platinum quarterly, released on November 19 and prepared by Metals Focus, the World Platinum Investment Council (WPIC) is reporting that demand for platinum from the auto sector will drop 3 percent in 2025 to 3.02 million ounces, followed by another 3 percent decline to 2.915 million ounces of the metal in 2026.

This is due in large part to the transition from internal combustion engines to electric vehicles (EVs).

That said, the clean energy transition is happening so slowly that its impact on the platinum market is fairly subdued.

Hydrogen tech a long-term demand growth driver

Platinum is also a necessary material in the production of hydrogen electrolysis and fuel-cell technologies.

“Hybrid vehicles and hydrogen-powered vehicles still require platinum for exhaust treatment systems or fuel cells. WPIC forecasts that by 2029, fuel-cell EVs will account for only about 3 percent of automotive platinum demand; however, this is still considered a positive contribution,” Tran explained via email.

Platinum is a primary catalyst used in proton exchange membrane (PEM) fuel cells and PEM electrolyzers. Both are electrochemical devices that are used for clean energy conversion, but fuel cells use hydrogen to generate electricity, while electrolyzers use electricity to produce hydrogen.

Both PEM fuel cells and electrolyzers “are key technologies in the clean-energy strategies of the United States, Europe, and China. According to estimates from WPIC and the (International Energy Agency), if hydrogen projects progress on schedule, global electrolyser capacity could expand significantly in the second half of this decade, driving platinum demand related to hydrogen higher than current levels,” wrote Tran.

Platinum shines like gold for investors

Even as total demand for platinum is projected to fall by 5 percent to 7.82 million ounces in 2025, according to the WPIC, investment demand for platinum is expected to be up by 6 percent to 742,000 ounces.

Platinum is benefiting from the general trend toward safe-haven investment in precious metals as the Fed reverses its course monetary policy and moves toward lower interest rates.

With the gold price at record highs, investors are seeking out cheaper alternatives translating into rising inflows into platinum exchange-traded funds, and increased purchasing of physical bars and coins.

‘In terms of physical bar and coin demand, this year has been very much characterized by significant strength and demand out of China. So the Chinese market has just been growing basically from more or less zero back in 2019 to becoming the biggest market in the world for platinum investments products,’ said Sterck. ‘I think that momentum is likely to continue, but maybe not at quite the same sort of pace going into 2026.’

However, for 2026, the WPIC sees investment demand falling by 52 percent to 358,000 ounces, dampened by potential profit taking on the part of platinum exchange-traded fund (ETF) holders. Meanwhile, platinum bar and coin demand is expected to remain elevated, posting gains of 37 percent to 462,000 ounces.

Overall, the WPIC is forecasting total platinum demand to drop another 6 percent to 7.385 million ounces in 2026. This is still just slightly below the ten-year average, demonstrating the robust nature of demand for the metal.

Platinum miners still facing obstacles

More than 70 percent of the world’s total platinum mine supply comes from South Africa. The top platinum-mining countries are Zimbabwe (11 percent) and Russia (10 percent). Canada and the US round out the top five, but even together these two North American countries represent a mere 4 percent of global platinum production.

“This concentration makes the platinum market more vulnerable to mining disruptions or geopolitical risks in these countries,” stated Tran. “Throughout most of 2025, the supply and demand landscape for platinum has shifted significantly. Years of low prices placed considerable pressure on the mining sector, forcing companies to cut output, delay investments, or shut down operations with low profit margins. This led to a tightening of supply just as inventories declined after nearly three consecutive years of being drawn down by automakers to cover shortages.”

Refined production is expected to contract by 5 percent this year, at 5.51 million ounces compared to 5.77 million ounces in 2024. Platinum recycling will result in 1.619 million ounces of new supply in 2025, up 7 percent.

As such, platinum supply is forecast to decrease by 2 percent in 2025. According to the WPIC, it will come in at 7.404 million ounces. The organization notes that the resulting demand/supply imbalance is predicted to reach 692,000 ounces in 2025, representing a supply deficit for the third straight year.

“Demand for the metals constantly surpasses the supply. The situation becomes worse due to the tariffs, sanctions and supply disruptions,” said Murillo. While US President Donald Trump’s tariffs present a new wild card for many commodities markets, platinum included, South Africa’s power outages, heavy rain, increased mining costs and declining platinum grades also dragged down production of the metal in 2025.

Platinum market surplus expected in 2026

For 2026, total platinum supply is set to reverse course and grow by 4 percent to 7.4 million ounces.

Although the WPIC has predicted a surplus of 20,000 ounces in 2026, that’s still way below the 1,083 surplus set in 2022 during COVID. Calling the surplus “tiny”, Sterck emphasized that this forecast is highly predicated on a number of factors, namely assumed profit-taking in ETFs, CME inventories and entrenched structural supply challenges.

“If you look at our numbers, we’re expecting 170,000 ounces of profit taking from ETFs in 2026, which is obviously going to be contingent in itself on a high platinum price. I would say that there is probably a bit of a risk associated with that outlook,” he said. “The second area where the surplus of 20,000 ounces is contingent on is on 150,000 ounces flowing out of CME exchange stock inventories and being made available to the market.”

Sterck explained that if these two assumed events do not materialize in 2026, then the platinum market will remain in “a quite substantial deficit of approaching 400,000 ounces.’

He also pointed out that higher platinum prices will not necessarily solve the issues that led to a shortage of above ground platinum stocks and a deep deficit for the past three years.

“The main thing we’re dealing with here is that these are deep level, underground mines for the most part, and they’re not mines that you can flex output from rapidly,” said Sterck.

“Realistically, mine supply is likely to be at or around current levels for the foreseeable future.”

Platinum price forecast for 2026

Moving into 2026, some of the most consequential trends that could shape platinum prices include a shifting landscape for investment demand, continued mine supply constraints, and an economic slowdown.

“Altogether, high demand and supply deficit with international logistics problems make these metal prices go up. Both platinum and palladium were peaking throughout this year, reaching around US$1,700 per ounce. It’s important to understand that the supply deficit problem will not be solved overnight,” said B2Broker’s Murillo.

“So in 2026, the same situation might persist, and the prices will remain elevated at US$1,550 to US$1,670. If more supply shocks happen, they could even move up to US$2,340, but less likely.’

If safe-haven investment demand for alternatives to gold continues alongside persistent supply challenges in platinum, XS.com’s Tran sees platinum maintaining the US$1,800 per ounce range for 2026 with room to grow.

“In the medium term, the scenario of extending the rally toward around US$2,000 per ounce remains feasible, especially if the Fed maintains a dovish trajectory, capital flows continue rotating into metals beyond gold, and supply from South Africa does not recover more strongly than expected,” said Tran.

The expert cautioned that with platinum trading at multi-year highs and the market’s vulnerability to global economic fluctuations there is just as much potential for technical pullbacks.

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

This post appeared first on investingnews.com

John Feneck, portfolio manager and consultant at Feneck Consulting, shares his thoughts on silver’s price breakout, as well as potential triggers for gold’s next move up.

He also discusses stocks he’s watching in sectors like gold, silver and ‘special situations.’

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

This post appeared first on investingnews.com

The Wisconsin Institute for Law and Liberty (WILL), a conservative legal group, is requesting the Trump administration remove race from the Centers for Disease Control and Prevention’s (CDC) ‘Social Vulnerability Index,’ which the groups claim is being used by liberal localities to steer funds to communities based on race.

WILL refers to what has been taking place as ‘DEI redlining’ in its letter to Trump administration officials at the CDC and the Health and Human Services Department (HHS). It says the tool helps localities prioritize Black and Hispanic neighborhoods over White neighborhoods due to racial composition, independent of any other factors, like poverty.  

‘In the name of ‘racial equity,’ local officials prioritize certain geographic areas for public safety, parks improvements, public swimming pool closures, broadband access, safe drinking water, and disaster assistance,’ the letter to HHS Secretary Robert F. Kennedy Jr. and CDC Acting Director Jim O’Neill stated. ‘And these governments point to CDC’s SVI as the reason for their race-based spending.’

Among various examples the group highlights is Milwaukee, Wisconsin’s county parks department, which states on their website that the Milwaukee Parks Foundation ‘works to reduce or eliminate racial disparities through investments and activation of park spaces that rank high on the Milwaukee County Park’s Equity Index.’ 

Meanwhile, an inter-office communication from 2024 obtained by WILL, updating officials on the ‘Parks Equity Index,’ the Milwaukee Parks Foundation points out that ‘the CDC’s Social Vulnerability Index’ is part of its ‘weighted composite data analysis’ meant to help streamline decision-making within the department.         

‘In other words, parks in white neighborhoods are de-prioritized, while parks in non-white neighborhoods are prioritized,’ WILL argues in its letter to HHS and the CDC.

To show the real life consequences of this, the conservative law group pointed to a community pool that has been closed for the past few years in a local town that is 90% White.  According to local media reports, the pool needs about $600,000 in repairs, but WILL said those will likely never come to fruition, since the community ranks low on the parks department’s ‘Racial equity Index.’ 

Milwaukee County Parks Department came out with a study indicating it was considering shutting down the pool or transferring it to be run through a public-private partnership similar to other pools in the area, according to local outlet Urban Milwaukee.

‘According to Milwaukee County, Hales Corners ranks 128 out of 153 parks in Milwaukee County, with a 3 out of 10 score and a 0.33 SVI score. So the kids and families in Hales Corners will lose their swimming pool, which has been a community fixture since 1968, because the residents are too white,’ WILL argued in their letter. ‘Race-based SVI encourages the use of race for its own sake, or at best, as a proxy for other elements already accounted for within the SVI.’

Fox News Digital reached out to the Milwaukee Parks Department for comment but did not receive a response in time for publication.

WILL pointed to numerous examples of case law determining such activities are unconstitutional, including the recent Students for Fair Admission case that resulted in an overhaul of affirmative action rules in higher education. 

Besides Milwaukee, WILL highlighted examples from California’s Community Development Block Program, run by the state’s Department of Housing and Community Development, which the conservative law group alleges is using the CDC’s SVI index to help prepare for, and respond to, natural disasters. Connecticut’s ‘Drinking Water State Revolving Fund,’ which helps maintain public water systems and assigns a ‘Social Vulnerability Index score’ to each project, was listed as well.

Cook County, in Chicago, was also among those listed. Their ‘Comprehensive Broadband Planning Initiative’ says explicitly on its website that it ‘prioritizes communities with the highest Social Vulnerability Index (SVI) in Illinois.’


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The Trump administration has cut more than 600 rules and regulations in the past year, while only introducing five new ones in an effort to advance Trump’s deregulation priorities, Fox News Digital has learned.

Trump did not hesitate to take action to cut red tape as soon as he took office — after former President Joe Biden’s administration introduced hundreds of new rules every year during his term in the White House. As a result, Trump signed an executive order in January instructing federal agencies to eradicate 10 regulations for every new one implemented. 

As a result, agencies submitted more than 1,300 proposals to OMB’s Office of Information and Regulatory Affairs (OIRA) in 2025 — resulting in a total of 646 deregulatory actions this fiscal year, according to the Office of Management and Budget (OMB). 

Altogether, the deregulatory actions have amounted to $211.8 billion in net cost savings in fiscal year 2025, translating to more than $600 per American, according to OMB.

‘The Trump Administration’s deregulatory agenda is the most ambitious in American history,’ OMB Director Russ Vought said in a statement to Fox News Digital. ‘We have blown far past the target 10 to 1 deregulatory ratio in President Trump’s Executive Order, saving hundreds of billions for the American people.’

‘In less than one year we have already achieved more savings than in all four years of the prior Trump Administration, and we’re just getting started,’ Vought said. 

Deregulatory actions that the Trump administration has taken this year include eliminating the requirement to remove shoes during Transportation Safety Administration (TSA) airport screenings — saving every passenger roughly two minutes going through TSA. Additionally, the Financial Crimes Enforcement Network (FinCEN) at the Department of the Treasury eliminated a rule for U.S. companies and individuals to report to the government personal informationrelated to business ownership. 

The bulk of deregulatory actions taken occurred at the Department of the Treasury, the Department of Veterans Affairs, the Department of Transportation, the Department of Agriculture and the Department of Homeland Security.

Meanwhile, the Biden administration added between roughly 400 and nearly 800 rules each year — which were often coupled with additional regulations, according to a senior administration official. 

Total regulatory costs imposed under the Biden administration snowballed and accumulated to $1.8 trillion during his term in the White House, according to the American Action Forum, a center-right policy institute. 

Biden did not immediately respond to a request for comment from Fox News Digital. 

Meanwhile, the Trump administration has come under scrutiny from Democrats and some Republicans for its deregulatory push. 

Democrats opposed a proposal from Trump’s Labor Department to slash more than 60 workplace regulations that encompassed a host of issues, including minimum wage requirements to harmful substance exposure guidelines. 

‘Donald Trump is betraying America’s workers by forcing people to choose between a paycheck and their safety,’ Democratic National Committee Chair Ken Martin said in a statement in July. ‘Slashing basic protections like standards to ensure roofs don’t collapse, minimum wage for home health care workers, and proper lighting in a construction site won’t make workers safer or small businesses stronger — it will just make greedy corporations richer.’ 


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The Treasury Department announced new sanctions Friday that target seven family members and associates tied to Nicolás Maduro’s regime, which the Trump administration continues to put in its crosshairs.

The action, carried out by the Office of Foreign Assets Control (OFAC), seeks to address corruption and deceptive practices involving the Venezuelan state.

‘Today, Treasury sanctioned individuals who are propping up Nicolás Maduro’s rogue narco-state. We will not allow Venezuela to continue flooding our nation with deadly drugs,’ Secretary of the Treasury Scott Bessent said. 

‘Maduro and his criminal accomplices threaten our hemisphere’s peace and stability. The Trump Administration will continue targeting the networks that prop up his illegitimate dictatorship.’

This builds on sanctions issued earlier this month, with the Treasury now targeting family networks, not just individuals. The Treasury release names the familial networks of Carlos Erik Malpica Flores (Malpica Flores) and Ramon Carretero Napolitano (Ramon Carretero).

The named and sanctioned individuals in the Treasury release include Eloisa Flores de Malpica, Malpica Flores’ mother and the sister of Cilia Flores; Carlos Evelio Malpica Torrealba, his father; Iriamni Malpica Flores, his sister; Damaris del Carmen Hurtado Perez, his wife; and Erica Patricia Malpica Hurtado, his adult daughter.

According to the Treasury Department, sanctions are not meant to punish indefinitely, and OFAC provides a formal process for petitioning removal.


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The Justice Department posted thousands of pages related to Jeffrey Epstein’s and Ghislaine Maxwell’s sex-trafficking cases on a public website Friday and said additional documents were forthcoming.

The trove of documents was released under the Epstein Files Transparency Act, a law passed last month that imposed a 30-day deadline on the DOJ to publish all unclassified material related to the cases.

The files came from the DOJ, the FBI, the Southern District of New York and other entities, and they were expected to include public and nonpublic information about Epstein, a registered sex offender who faced charges of trafficking underage women before dying in prison in 2019 in what authorities said was a suicide.

The bill also required the DOJ to release flight logs, the DOJ’s internal communications about the cases, information on Epstein’s death and any material about people, government entities or companies with ties to Epstein’s ‘trafficking or financial networks.’

The documents included redactions and reasons for blocking out the information. The transparency bill gave the DOJ wide latitude to withhold information that could identify victims, child pornography and material that could jeopardize open investigations or litigation. The government could also leave out information ‘in the interest of national defense or foreign policy,’ the bill said.

Because President Donald Trump signed the bill into law on Nov. 19, the statutory deadline for release is Dec. 19.

The DOJ is already facing scrutiny for missing the cutoff date after Deputy Attorney General Todd Blanche said Friday’s documents were incomplete during an interview with Fox News.

Blanche said he expected the government to upload ‘several hundred thousand more’ pages in the coming couple of weeks. Senate Minority Leader Chuck Schumer, D-N.Y., warned that Democrats are ‘working closely with attorneys for the victims of Jeffrey Epstein and with outside legal experts’ to address the anticipated late files.

This is a breaking story. Check back for updates.


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More than a dozen politically exposed people and government officials’ names appear in the hundreds of thousands of pages of Jeffrey Epstein files made public Friday, sources said.

And Deputy Attorney General Todd Blanche said the DOJ discovered more than 1,200 victims and their families during the exhaustive review, explaining the process behind determining which files could be released in a letter to Congress exclusively obtained by Fox News Digital.

Sources told Fox News Digital that new photos of Epstein with former President Bill Clinton are part of the release. 

The Justice Department redacted the names and identifiers of victims. Fox News Digital has learned that the same redaction standards were applied to politically exposed individuals and government officials. 

Fox News Digital exclusively obtained a letter written by Blanche to members of the House of Representatives regarding Friday’s anticipated release of the files under the Epstein Files Transparency Act.

‘We write to notify you that today the Department of Justice is producing hundreds of thousands of pages of responsive materials in compliance with the Epstein Files Transparency Act,’ Blanche wrote. 

‘Under the leadership of President Donald J. Trump and Attorney General Pam Bondi, this unprecedented disclosure highlights our commitment to following the law, being transparent, and protecting victims,’ Blanche continued, noting that the production of documents comes within the 30 days required under the law signed by the president.

‘This letter will summarize the Department’s historic efforts and disclose specific details regarding the review and production process,’ Blanche continued.

‘Never in American history has a President or the Department of Justice been this transparent with the American people about such a sensitive law enforcement matter,’ he added. ‘Democrat administrations in the past have refused to provide full details of the Jeffrey Epstein saga. But President Trump, Attorney General Pam Bondi, and FBI Director Patel are committed to providing full transparency consistent with the law.’ 

In November, the Epstein Files Transparency Act passed, requiring the government to release within 30 days all unclassified material in its possession related to Epstein’s and associate Ghislaine Maxwell’s sex trafficking cases

President Donald Trump signed the bill into law in November. 

The law allows the DOJ to omit or redact any references to victims and files that could jeopardize pending investigations or litigation, such as a probe Bondi recently opened in New York into Epstein’s ties to Democrats. Information could also be left out ‘in the interest of national defense or foreign policy,’ the law says.

Meanwhile, in the letter obtained by Fox News Digital, Blanche revealed that the Justice Department, through its sprawling internal process, learned of more than 1,200 victims.

‘This process resulted in over 1,200 names being identified as victims or their relatives,’ Blanche wrote. ‘We have redacted reference to such names. In addition to redacting the names of these victims, we have also redacted and are not producing any materials that could result in their identification.’

Blanche explained that ‘all unclassified records, documents, communications, and investigative materials that relate to: Jeffrey Epstein including all investigations, prosecutions, or custodial matters’ are being released.

Also being released are any records relating to ‘Ghislaine Maxwell; flight logs or travel records..for any aircraft, vessel, or vehicle owned, operated or used by Jeffrey Epstein or any related entity.’

The DOJ is releasing any records or documents with ‘individuals, including government officials, named or referenced in connection with Epstein’s criminal activities, civil settlements, immunity or plea agreements, or investigatory proceedings;’ as well as any ‘entities..with known or alleged ties to Epstein’s trafficking or financial networks.’

The documents will also reference ‘any immunity deals, non-prosecution agreements, plea bargains, or sealed settlements involving Epstein or his associates.’

The DOJ also is making public any ‘internal DOJ communications, including emails, memos, meeting notes, concerning decisions to charge, not charge, investigate, or decline to investigate Epstein or his associates,’ Blanche said.

The documents will also include ‘all communications, memorandum, directives, logs or metadata concerning the destruction, deletion, alteration, misplacement, or concealment of documents, recordings or electronic data related to Epstein, his associates, his detention and death, or any investigative files.’

Blanche also said that any ‘documentation of Epstein’s detention or death, including incident reports, witness interviews, medical examiner files, autopsy reports, and written records detailing the circumstances and cause of death’ will also be released.

Blanche said the DOJ is continuing to review additional documents and other items for ‘potential responsiveness.’ 

‘Just this week, one of the Department’s components provided additional victim information requiring updated review of materials, and in the last few weeks multiple courts have granted the Department’s unsealing motions, requiring detailed review of thousands of pages of investigative and grand jury material.’

Blanche pointed to a ruling in the Southern District of New York requiring ‘additional layers of review to minimize the risk of inadvertent production of protected victim information.’

‘We anticipate this ongoing review being completed over the next several weeks.’

Blanche explained that prior to the passage of the new Epstein law, the DOJ conducted ‘a thorough review, including digital searches of databases, hard drives, and network drives as well as searches of real and personal properties.’ 

‘This review did not reveal credible evidence that Epstein blackmailed prominent individuals, nor did it undercover evidence that could predicate an investigation against uncharged third parties,’ Blanche explained. He added that judges in the Southern District of Florida and the Southern District of New York have authorized the DOJ to produce materials ‘previously prohibited from production by protective orders and grand jury secrecy laws.’

Blanche explained that the review protocol instructed attorneys to redact or withhold material that contained personally identifiable information of victims; depicted or contained child sexual abuse materials…; would jeopardize an active investigation or prosecution; depicted images of death, physical abuse, or injury; and property classified national defense or foreign policy information.’

‘Protecting victims is of the highest priority for President Trump, the Attorney General, the Federal Bureau of Investigation, and the Department of Justice,’ Blanche wrote. ‘As part of the review and production, the Department solicited counsel for any victims of Jeffrey Epstein and invited counsel to provide us with names of victims, whether previously identified or not.

‘This process resulted in over 1,200 names being identified as victims or their relatives,’ Blanche wrote. ‘We have redacted reference to such names. In addition to redacting the names of these victims, we have also redacted and are not producing any materials that could result in their identification.’ 

Blanche said the Justice Department’s review team consisted of more than 200 DOJ attorneys working to determine whether materials were responsive under the Act and, if so, whether redactions or withholding was required.

The review had multiple layers, according to Blanche, including 187 attorneys from the DOJ’s National Security Division conducting a review of all items for responsiveness. Next, a quality control team of 25 attorneys conducted a second-level review to ensure that victims’ personal identifying information was properly redacted and that materials that should not be redacted were not marked for redaction.

Then, assistant U.S. attorneys from the Southern District of New York reviewed the responsive materials to confirm appropriate redactions.

‘The Department will continue to follow the Review Protocol and add to the public website materials that are responsive under the Act, and the Department will inform Congress when that review and production are complete by the end of this year,’ Blanche said.

‘The Department’s commitment to transparency, following the law, and protecting all victims under the leadership of President Trump, Attorney General Pam Bondi, and FBI Director Patel will never waver.’

Fox News’ Ashley Oliver contributed to this report. 


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