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Bitcoin leaps above $US120,000 ahead of ‘huge' crypto week

Bitcoin leaps above $US120,000 ahead of ‘huge' crypto week

Washington | Congress is set to debate new US laws this week that could push cryptocurrency assets further into the mainstream, potentially adding to price momentum that drove bitcoin to a record and reigniting concerns that the regulatory fixes will unfairly bolster Trump family ventures.
Republican legislators have dubbed this week 'crypto week'. They will push forwards three bills in the House of Representatives to clear up ambiguity in cryptocurrency regulation, promote the use of stablecoins, which are digital currencies pegged to another asset, such as one US dollar, and prevent the establishment of central bank digital coins on privacy grounds.
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‘The experiment is on us': Los Angeles keeps trying to defy Trump, with mixed results
‘The experiment is on us': Los Angeles keeps trying to defy Trump, with mixed results

Sydney Morning Herald

timean hour ago

  • Sydney Morning Herald

‘The experiment is on us': Los Angeles keeps trying to defy Trump, with mixed results

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‘The experiment is on us': Los Angeles keeps trying to defy Trump, with mixed results
‘The experiment is on us': Los Angeles keeps trying to defy Trump, with mixed results

The Age

timean hour ago

  • The Age

‘The experiment is on us': Los Angeles keeps trying to defy Trump, with mixed results

In a series of interviews, Trump's border tsar, Tom Homan, a hardline former Border Patrol officer, outlined the latitude Immigration and Customs Enforcement (ICE) had to approach, detain and question someone on the street about their immigration status. Officers were not required to show 'probable cause', he said, but 'reasonable suspicion' that a person was in the US illegally. Such suspicion could be aroused by several factors, he said, including the way someone looked. 'It's the totality of the circumstances … based on the location, the occupation, their physical appearance, their actions,' Homan told Fox News. He later clarified that physical appearance could not be the sole factor that led an agent to detain someone. The dynamic playing out in LA, where a city and state are in open defiance of the federal government, is unlike anything Australians would witness at home. As a so-called sanctuary city, LA authorities do not actively assist in immigration enforcement, although they follow the law, Bass says. Since 1979, Special Order 40 has prevented LA police from questioning people for the sole purpose of determining their immigration status. Bass and California Governor Gavin Newsom, both Democrats, are pushing back hard against what they frame as the Trump administration's deliberate, politically motivated targeting of liberal California. The federal government, led by the White House deputy chief of staff Stephen Miller, views this as treason. 'Los Angeles is waging insurrection against the federal government,' he said on Friday as Bass signed an executive order to help local officials resist ICE raids at public locations such as libraries, and inform them of their rights. LA is also helping to co-ordinate cash cards for families affected by the raids, which will reportedly have about $US200 ($305) on them. The cash will not come from public coffers but from philanthropic partners. The latest raids have changed LA, where about half of the 3.8 million inhabitants are Latino. Streets in the usually bustling garment district went quiet after ICE swept through an apparel store in June. In a city where the car is king, people are having trouble getting their vehicles washed because migrant workers are scared to go to work. 'It's hard for me to believe cartels are hanging out in car washes,' Bass told MSNBC. She said masked agents without uniforms had been jumping out of unmarked cars to snatch people off the streets. 'People have been terrorised and terrified. People don't leave home.' But the Department of Homeland Security (DHS) paints an entirely different picture. It said 361 illegal aliens were arrested at the two marijuana farms alone, including criminals with convictions for rape, kidnapping, child molestation, serial burglary and hit-and-run. The raids also bring to the fore questions about the tenuous state of migrant labour, on which California and much of the US economy rely. These workplaces are typically out of sight and out of mind: farms, restaurant kitchens, textile houses in the fashion district. Where there are illegal migrants, there is often exploitation. DHS spokeswoman Tricia McLaughlin said agents found 14 minors at the marijuana farms, including 10 who were unaccompanied. 'They were likely being exploited: potential slave or forced labour, potential child and human trafficking,' she told Fox News. Alanis, the man who died following one of the cannabis farm raids, was incorrectly reported dead days ago by the United Farm Workers union. At the time, he was hospitalised with severe injuries. But an update to the family's GoFundMe page confirmed he later died. It said Alanis had suffered a broken neck, fractured skull and severed artery, and described the raid as 'reckless'. McLaughlin said Alanis was not being pursued by law enforcement officers but 'climbed up to the roof of a greenhouse and fell 30 feet'. Meanwhile, the California judge's order to limit the circumstances in which ICE agents can ask for papers has reignited the White House's war against the judiciary, which had softened following a major Supreme Court victory in late June. The American Civil Liberties Union of Southern California, which brought the challenge, said the temporary ruling showed it was unconstitutional to stop individuals based on their skin colour, apparent race or accent. Miller said of the decision: 'A communist judge in LA has ordered ICE to report directly to her and radical left NGOs, not the president. This is another act of insurrection against the United States and its sovereign people.'

Rand Paul targets Anthony Fauci and promises he will be ‘held accountable'
Rand Paul targets Anthony Fauci and promises he will be ‘held accountable'

Sky News AU

time2 hours ago

  • Sky News AU

Rand Paul targets Anthony Fauci and promises he will be ‘held accountable'

US Senator Rand Paul has announced he wishes to revive his criminal referral of Dr Anthony Fauci following the Joe Biden autopen saga. The senator posted to his personal and official X accounts, indicating his initial referral that he made to the Department of Justice about Fauci. 'Today I will reissue my criminal referral of Anthony Fauci to Trump DOJ,' Paul wrote. Paul's first criminal referral to Fauci came in 2021, when the senator accused the doctor of allegedly lying to Congress about research related to the COVID-19 virus. In a separate post to X, Senator Paul asserted 'perjury is a crime' and that Dr Fauci 'must be held accountable.'

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