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View More NewsToday the Supreme Court issued its long awaited decisions in Trump v. Slaughter and Trump v. Cook, two cases concerning the ability of the President to remove agency officials. The Chief Justice wrote for the Court in both cases, and the results in each case were what was generally expected. In Slaughter the Court overruled Humphrey’s Executor, and held that the heads of agencies exercising significant executive power must be removable at-will by the President. This means the President can remove members of the Federal Trade Commission and other multi-member agencies previously considered to be “independent agencies.” The vote was 6-3 along ideological…
Bitcoin (BTC) trades at an important inflection point as retail investors are selling, big institutions are in a hold despite the discounted valuation and the market is paused at $60,300—awaiting the next significant move. The situation reveals two very different investor groups making opposite bets.Retail investors sell, TradFi watchesThe general mood is fearful, with the Crypto Fear & Greed Index sitting at 36 out of 100, indicating fear but not total panic. This number masks a sharp divide. In June alone, investors pulled $4.4 billion from US spot Bitcoin ETFs—the worst month this year. At the same time, Strategy continues…
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On 6 June, a play that has been decried as too “toxic” and “problematic” for the age of #MeToo ended an acclaimed, sold-out run at London’s National Theatre. A filmed version of the production also began screening in cinemas across the United Kingdom, the United States, Australia, and other countries from 25 June. The play is Christopher Hampton’s Les Liaisons Dangereuses, the (now-updated) 1985 adaptation of Pierre-Ambroise Choderlos de Laclos’s eponymous 1782 novel.The book has also been denounced plenty of times since it first appeared—back then, it was described with words like “execrable” or “infamous.” Its authorship reportedly got Laclos,…
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The Illinois legislature recently passed House Bill 5511, which imposes a sweeping, device-level age-gating framework across nearly all internet-enabled hardware, operating systems, and online…
from the why-limit-yourself-to-$1.8-billion dept It just wasn’t enough to pardon hundreds of people who raided the Capitol building to overturn Trump’s 2020 election loss…
Journalist Michael Balter had been covering the Croton-Harmon Union Free School District for several months when school officials went silent in the spring of…
The growth case rests on a simple dynamic: as bitcoin ownership broadens and prices rise, holders increasingly want to borrow against appreciated collateral for…
The Federal Communications Commission (FCC) wants to stop pesky robocallers, but its proposed fix might make it extremely difficult for Americans to have burner…
State regulators got sidelined in the U.S. Department of the Treasury’s effort to implement the new U.S. stablecoin law, according to several senators from…
Bitcoin’s (BTC) risk-adjusted return profile is approaching levels historically aligned with long-term accumulation zones. The Sharpe ratio, a metric that measures return relative to…
In brief A report from Reuters cites sources saying that the firm’s MiCA application will be denied in the European Union. Binance said Tuesday…
An immigrant saved the now-champion New York Knicks in Game 4 of the NBA Finals and demonstrated why U.S. companies seek the best talent…
The company is simultaneously broadening its derivatives business. New products include perpetual futures tied to thematic baskets such as artificial intelligence, defense and Chinese…
Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading and toward…
In brief Coinbase announced new products and features on Tuesday as it seeks to become a one-stop shop for finance. New trading capabilities, like…