Coinbase has submitted a new letter to the United States Securities and Exchange Commission (SEC) regarding the agency’s proposed revisions to the definitions of a national securities exchange. This marks Coinbase’s third comment letter, focusing on the SEC’s cost-benefit analysis of the proposed changes. The SEC lacks...

Coinbase finds flawed analysis in SEC's proposed exchange definition

A Wells Fargo executive has been ordered to leave the banking industry after draining tens of thousands of dollars from customer deposit accounts. The Office of the Comptroller of the Currency (OCC) is issuing a consent order against ex-Wells Fargo operations associate manager Cindy M. Flores for violating laws and engaging in unsafe and unsound practices.

$47,646 Drained From Customers’ Accounts at Wells Fargo As Rogue Executive Mounts Year-Long Campaign To Steal Cash: US Bank Regulator

The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments. “We're going to see a number of more single asset products, and then also certainly some index based and...

Crypto ETFs will expand to new asset types, indexes — Grayscale executive

Alabama State

NewsOne

Biden's administration issued $2 billion to black and minority farmers who experienced mistreatment by the USDA, as announced on Wednesday.
The post Black Farmers Granted $2 Billon From USDA To Address Historical Discrimination appeared first on NewsOne.

Black Farmers Granted $2 Billon From USDA To Address Historical Discrimination

NBC News

WASHINGTON — Democratic senators plan to introduce legislation Tuesday that would effectively overturn a Supreme Court ruling last month that imposed new limits on federal agencies when they issue regulations about a wide variety of issues, including the environment and consumer protection. Sen. Elizabeth Warren, D-Mass., will introduce a...

Democratic senators seek to reverse Supreme Court ruling that restricts federal agency power

Kansas State

Virginia State

New Hampshire, OH

Latin Times

SEATTLE - 15 states all across the nation filed federal lawsuits against a Biden administration rule that is expected to allow 100,000 immigrants brought to the U.S. illegally as children to enroll in the federal Affordable Care Act's health insurance, also known as 'Obamacare,' next year. The lawsuit argues that...

15 states sue to block Biden from allowing 100,000 'Dreamers' to enroll in 'Obamacare'

This was a momentous term for the U.S. Supreme Court, not the least by upholding the principle of presidential immunity, stirring up great controversy. Another decision that gained a fair amount of media attention was the court’s overturning of the Chevron doctrine, which previously had held that courts should show deference to the expertise of federal agencies when adjudicating the legality of the regulations they produce.

Supreme Court’s Decision Seen Changing Rulemaking

CINCINNATI (CN) — The Treasury Department could violate crypto traders' free speech and Fourth Amendment rights when it requires them to disclose sensitive personal information during transactions, the Sixth Circuit ruled Friday. The decision by a three-judge appellate panel determined several claims brought by a group of traders are...

Appeals court reinstates crypto traders’ claims against feds

In Corner Post v. Board of Governors, the Court renders agency rules more vulnerable to challenge. The U.S. Supreme Court in Corner Post v. Board of Governors of the Federal Reserve System was faced with what seemed like a fairness problem. Corner Post objected to a rule issued by the Board of Governors of the Federal Reserve System in 2011. That rule set the fees that companies, such as Visa, could charge merchants, such as Corner Post, when the merchants’ customers chose to pay with credit cards instead of cash. When Corner Post sued, asking the court to overturn the 2011 rule as unlawfully generous to the credit card companies, the Federal Reserve responded that the six-year statute of limitations had passed—even though Corner Post had not been founded and open for business until 2018, after the statute of limitations had expired.

Supreme Court Needlessly Expands U.S. Statute of Limitations

The Hill

A federal judge ruled Friday that the U.S. Centers for Disease Control and Prevention (CDC) has likely been breaking federal law by deleting former employees’ emails soon after they leave the agency. The ruling was issued by District Judge Rudolph Contreras on a lawsuit filed by Trump-aligned conservative group...

Judge says CDC email policy likely violates federal law

Kentucky State

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Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

TIME

Consequences mattered to the Founders—and that meant early American judges upheld major gun restrictions.

The Supreme Court's 2nd Amendment Mistake

New York City, NY

Jacksonville, FL

Jacksonville Today

The Wells Fargo name is gone from the Downtown skyline. The name atop the former Wells Fargo Center was removed Sunday . A helicopter flew away each of the 20 letters and deposited them at a lot across from the Maxwell House Coffee plant on East Bay Street.

Wells Fargo name removed from Downtown tower

Savannah, GA

Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

A coalition of 15 state attorneys general are suing the Biden administration over its plan to expand Affordable Care Act (ACA) health coverage to immigrants brought to the U.S. illegally as children. The states, led by Kansas Attorney General Kris Kobach (R), want to stop the administration’s plan from taking...

15 state AGs sue Biden administration over ObamaCare coverage for ‘Dreamers’

New Jersey State

New Brunswick, NJ

Morristown Minute

NEWARK, N.J. -A Middlesex County man, Kenneth Strickland, 57Kenneth Strickland, 57, from New Brunswick, has been convicted of his involvement in a large-scale conspiracy to distribute fentanyl and heroin. U.S. Attorney Philip R. Sellinger announced that Strickland was found guilty on July 29, 2024, of all six counts in a superseding indictment.

NJ Man Convicted in Large-Scale Fentanyl & Heroin Trafficking

Federal Judge Nina Morrison, of the Eastern District of New York, has ruled the Fourth Amendment applies at the border, ending warrantless searches of phones and devices. The US government and Customs and Border Patrol (CBP) has long maintained that the Fourth Amendment doesn’t apply at the border. As a result, agents will detain individuals without probable cause or a warrant, demanding they hand over their electronic devices and passwords, often copying the entire contents of the devices before returning them.

Federal Judge Rules Fourth Amendment Applies At The Border

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Newark, NJ

NEW JERSEY - Alain Rodrigues, a 49-year-old Middlesex County resident and owner of a construction business in Old Bridge and Newark, New Jersey, has admitted to charges of tax evasion and failure to collect and pay over taxes. U.S. Attorney Philip R. Sellinger announced that Rodrigues entered his guilty plea on August 1, 2024, before U.S. District Judge Esther Salas in Newark federal court.

Construction Business Owner Admits Tax Evasion, Owes $1.35M

Georgia State

Appling County, GA

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

NewsBreak

Gemini urges CFTC to withdraw proposed rule on event contracts

Cryptocurrency exchange Gemini has urged United States regulators to withdraw a proposed regulation that, if passed, would ban all event contracts on decentralized prediction markets. “We...

Gemini urges CFTC to withdraw proposed rule on event contracts

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