Columbus, OH

Plaintiffs accuse Tether and Bitfinex of using USDT to manipulate crypto prices. Despite fluctuations, USDT traded at $1.00 with bullish RSI at 58. In a surprising development, plaintiffs in a long-standing class-action lawsuit have accused Tether and Bitfinex of engaging in a misleading scheme to manipulate cryptocurrency prices. What’s the...

Tether, Bitfinex accused of market manipulation – What’s going on?

Spot Ethereum ETFs will potentially begin trading next Tuesday. The SEC is in the process of gathering final drafts from prospective spot Ethereum ETF issuers. Ethereum [ETH] rose past $3400 earlier today, posting an intraday high of $3,498 on CoinMarketCap before the momentum waned. The leading altcoin was trading at $3,445 at the time of writing – up 3.64% in the last 24 hours.

Ethereum ETF launch date confirmed? As ETH clears $3400, what happens next

New York State

Salon

In wake of the Supreme Court's ruling that presidents are granted total immunity for "official acts," a path has opened for Donald Trump to avoid sentencing for his conviction on falsifying business records to hide an affair with adult film actress Stormy Daniels. According to The New Republic, Juan Merchan, the judge who presided over the hush-money trial that landed Trump with 34 felony convictions, is no longer certain that sentencing, which was delayed to September, will ever happen.

Judge suggests Trump felony sentencing may no longer be "necessary" after SCOTUS immunity ruling

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The Shy Green

It's a somber time for those who have fond memories of shopping at Bob's Stores. After nearly seven decades as a staple in the Northeast, the regional chain is bidding farewell, closing all its locations following a Chapter 11 bankruptcy filing on June 18.

Retailer closes all stores after Chapter 11 bankruptcy

“Bottom line: Absent Congressional action, the move to Schedule III just isn’t going to happen anytime soon.”. The regulatory state has been in full force since, ironically, 1984, with the institution of the Chevron doctrine. Chevron has required courts to defer to the expertise of administrative agencies when the legislative intent of an underlying law is ambiguous, which made it a cornerstone of how regulators and businesses interact.

The Supreme Court Nuked Cannabis Rescheduling With Its Chevron Ruling (Op-Ed)

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

Virginia State

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Margaret Minnicks

According to WRIC 8 News, a new speed limit will become effective on July 1, 2024 in Virginia. Speed limits in a business or residential district will be aslow as 15 miles per hour on Virginia highways.

A new speed limit law on highways becomes effective in Virginia on July 1, 2024

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The CFPB soon plans to issue a final rule that would require certain supervised nonbank entities to register with it and provide information about their use of certain terms and conditions in standard-form contracts for consumer financial products or services that seek to waive or limit consumer rights or legal protections (“Covered Terms”).

CFPB Issues Semi-Annual Regulatory Agenda; Registry of Supervised Non-Banks to Be Finalized This Month

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Kiplinger

A landmark decision from SCOTUS fundamentally alters the administrative law landscape and impacts federal agencies, including the IRS.

Supreme Court Strikes Down Chevron: What It Means for the IRS

Florida State

Jacksonville Today

You may be forgiven if you did not see Gov.Ron DeSantis’ veto of Girl Matters, an innovative community-based intervention program from the Delores Barr Weaver Policy Center that successfully keeps vulnerable girls out of Florida’s kid prisons and detention centers.

OPINION | Gubernatorial myopia: DeSantis pencils out girls

TheDailyBeast

The reversal of the Chevron case by the young Turks, angry old men, and Chief Justice John Roberts who make up the Supreme Court’s conservative majority checked off an important box in the Federalist Society’s checklist for reshaping America.All revolutions must start with sowing chaos, and chaos is what will ensue from the reversal of Chevron U.S.A. versus Natural Resources Defense Council, the case that established the 40-year-old precedent of giving deference to the expertise of federal agencies.Known as “Chevron Deference,” the decades-old doctrine simply means that courts assume that federal agencies know what they’re doing when it comes to...

Opinion: SCOTUS Justices Are Mad With Power After Chevron Reversal

Oklahoma State

The Center Square

(The Center Square) - Oklahoma Attorney General Gentner Drummond filed an appeal of an injunction halting Oklahoma's immigration law.
                U.S. District Judge Bernard M. Jones said in an order issued in June that Oklahoma “may have understandable frustrations with the problems caused by illegal immigration ... but the State may not pursue policies that undermine federal law," a referral to a 2012 Arizona case.
                Oklahoma lawmakers passed the law during...

Drummond appeals injunction halting Oklahoma's immigration law

The Supreme Court announced Friday morning that it had ruled 6-3 (you know who voted how) to overturn Chevron v. Natural Resources Defense Council, a case from 1984 that established a very important doctrine in federal regulation. Federal law is by necessity broad, applying as it does across so many...

Forget the debate, the Supreme Court just declared open season on regulators

North Dakota State

Watford City, ND

The Associated Press

WASHINGTON (AP) — The Supreme Court opened the door Monday to new, broad challenges to regulations long after they take effect, the third blow in a week to federal agencies. The justices ruled 6-3 in favor of a truck stop in North Dakota that wants to sue over a regulation on debit card swipe fees that the federal appeals court in Washington upheld 10 years ago.

The Supreme Court rules for a North Dakota truck stop in a new blow to federal regulators

NewsByJoshua

Redbox, the iconic movie rental company with over 34,000 locations nationwide, has announced the closure of its operations following its parent company's filing for Chapter 11 bankruptcy. This decision has left many of its loyal users saddened, marking the end of an era for physical media enthusiasts.

A rental company with 34,000 locations has closed its doors

Georgia State

Dublin, GA

Officials from the U.S. Department of Justice have announced that a 42-year-old man from Dublin, Georgia, has been sentenced to nearly 20 years in federal prison after pleading guilty to distributing fentanyl.

Georgia Man Sentenced to Nearly 20 Years for Fentanyl Distribution

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

On Thursday, the Court handed down a 6-3 decision, on a party-line vote, that could render a simply astonishing array of federal laws unenforceable. As Justice Sonia Sotomayor writes in dissent, “the constitutionality of hundreds of statutes may now be in peril, and dozens of agencies could be stripped of their power to enforce laws enacted by Congress.”

The Supreme Court just lit a match and tossed it into dozens of federal agencies

NewsBreak

FTX and CFTC reach a $12.7B settlement: What happens now?

FTX and CFTC have reached a $12.7 billion settlement. FTX filled for bankruptcy in 2022, and regulators filled civil lawsuits against the firm. After two years...

FTX and CFTC reach a $12.7B settlement: What happens now?

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