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Time of India
37 minutes ago
- Politics
- Time of India
Judicial activism shouldn't turn into judicial terrorism or adventurism: CJI Gavai
1 2 3 Nagpur: Chief Justice of India (CJI) Bhushan Gavai on Thursday cautioned against judicial overreach, stressing that though judicial activism is bound to stay, but it should not be allowed to turn into judicial adventurism or judicial terrorism. Speaking at a grand felicitation by the District Bar Association (DBA) on the premises of the District and Sessions Court in Nagpur, Gavai emphasised the importance of maintaining constitutional boundaries between the three organs of democracy. "Every institution must function within the limits drawn by the Constitution. Parliament frames laws, the executive implements them, and the judiciary ensures they comply with constitutional principles. When the Parliament or assemblies enact laws that violate the Constitution of India, the judiciary can step in. But if the judiciary tries to interfere unnecessarily in the functioning of the other two pillars, that must be avoided," he said. The event was graced by Supreme Court justices Dipankar Datta, Prasanna Varale, and Atul Chandurkar, along with Bombay high court chief justice Alok Aradhe, senior administrative judge of Nagpur bench Nitin Sambre, senior judge Anil Kilor, and others. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Justice Gavai's mother Kamaltai and wife Tejaswini also shared the dais. Recalling several milestones of his career, Gavai recounted his early reluctance to practise law and how the teachings of Dr BR Ambedkar and his father RS Gavai, a stalwart in social and political spheres, shaped his life. "From my childhood, I was exposed to Dr Ambedkar's ideals. My father would often say that one day his son would be the CJI, but sadly, he isn't here to see it. I am grateful that my mother is alive to witness this moment," he said emotionally. Paying rich tributes to Dr Ambedkar, he called the Indian Constitution a unique document. "It ensures social, financial, and political justice, along with liberty of thought and equality. I have always said that whatever I am today, it is because of the Constitution and Dr Ambedkar's vision," he said. Gavai also recalled unveiling Dr Ambedkar's statue and portrait at the Nagpur bench when he was the administrative judge. "But more than his portrait, what we need are his thoughts. They must guide us," he remarked. Describing the Nagpur bar as a secular and inclusive institution, he lauded DBA for never discriminating on the basis of caste and religion. He congratulated DBA secretary Manish Randive, and president Roshan Bagade, recalling how the latter became the association's first backward-class president. "Many small communities have produced lawyers today. I'm proud to be a member of this bar," he said. Gavai revisited significant cases, including a PIL he filed on behalf of a student from the Mehtar community in 1985, which led to a landmark high court decision allowing the student's admission — a moment he termed more satisfying than any financial gain. He also recalled being part of a plea that saved lakhs of slum dwellers from eviction in Mumbai after securing a stay in the Supreme Court within eight days. Highlighting the judiciary's constructive role, he credited public interest litigations (PILs) at the Nagpur bench for facilitating the new district court building and helping regulate slum settlements on zudpi jungle lands, safeguarding the right to livelihood. "Directive Principles and Fundamental Rights were carefully considered in these decisions," he noted. Gavai also fondly remembered his days as a DBA member, sharing anecdotes with justice Sambre and others during bar elections. He acknowledged legal luminaries from Nagpur like ex CJI Mohammed Hidayatullah, Bhausaheb Bobde, and VR Manohar, calling them 'legal eagles' and 'gifts from Nagpur to the judiciary'. "Like justice Datta said, my natural choice should be politics, but it was till 1990 before I decided to take up the legal profession," he said. "My father once told me, 'You can earn money as a lawyer, but as a judge, you can fulfill Babasaheb Ambedkar's dream of social and economic upliftment'," said the CJI, reflecting on his journey. Gavai, who credits his late father, veteran leader Dadasaheb Gavai, for shaping his path, also acknowledged the personal cost of his public role.
Yahoo
2 hours ago
- Business
- Yahoo
Gold Bar Whiskey Unveils Two Limited-Edition Crypto-Inspired Releases: The Bitcoin Reserve & The Satoshi Reserve
SAN FRANCISCO, June 27, 2025 /PRNewswire/ -- Gold Bar Whiskey, the award-winning premium whiskey brand from San Francisco, California, is proud to announce the launch of two new, limited-edition products celebrating the future of cryptocurrency and craftsmanship: The Gold Bar Whiskey Bitcoin Reserve and The Gold Bar Whiskey Satoshi Reserve. These bold new expressions blend Gold Bar's tradition of high-quality whiskey-making with the pioneering spirit of cryptocurrency - designed for collectors, crypto enthusiasts, and whiskey connoisseurs alike. Bitcoin Reserve A bold statement of both modernity and tradition, Gold Bar Whiskey's Bitcoin Reserve is crafted for those who understand the value of scarcity and opportunity - holders of digital gold. This exclusive release is limited to 21,000 bottles, mirroring the 21 million cap on Bitcoin. The whiskey is a masterful blend of rare American straight bourbon barrels aged between 5 to 14 years, finished in red wine casks from Sonoma and Napa Valley in California. Bottled at 93 proof (46.5% ABV), the Bitcoin Reserve delivers a profile that is both contemplative and crowd-pleasing, ideal for both collectors and those new to whiskey culture. Satoshi Reserve The Satoshi Reserve is an ultra-limited expression celebrating 15 years since the first real-world use of cryptocurrency - a nod to the visionary spirit behind decentralized innovation. Only 999 individually numbered bottles will ever be released. This rare whiskey is a single barrel rye, aged 14 years, with a mash bill of 95% rye and 5% malted barley, distilled at the renowned MGP Distillery in Lawrenceburg, Indiana. Each barrel travels to California and is finished in French oak wine casks that previously aged premium red wines from Sonoma and Napa Valley, resulting in a deeply complex and layered flavor profile. The Satoshi Reserve is bottled at cask strength, with proofs ranging from 115 to 123 (57.5% - 61.5% ABV) depending on the barrel, making each bottle a unique expression of excellence. Each bottle includes two collector-grade coins: one embedded in the bottle's design, and a second housed in a velvet display case, a tactile tribute to Bitcoin's legacy. Bottle owners automatically join the Satoshi VIP Digital Gold Club, receiving exclusive access to future releases, private events at the Gold Bar Distillery in San Francisco, and early access to select concert ticket drops and other curated experiences. "These new releases honor the visionary nature of cryptocurrency while staying true to our core of innovation, craftsmanship, and storytelling," said Elliott Gillespie, President of The Gold Bar Spirits Company. "We're blending tradition with modernity to create a truly unique offering." Both products are available in limited quantities exclusively at and various retail partners, with shipping available across the United States. About Gold Bar WhiskeyBased in San Francisco, Gold Bar Whiskey creates award-winning spirits finished in wine barrels and presented in iconic gold bar-shaped bottles, true to the city founded on gold in the golden state of California. The brand is committed to bold innovation, refined quality, and stories that connect the past with the future. View original content to download multimedia: SOURCE Gold Bar Whiskey Sign in to access your portfolio
Yahoo
3 hours ago
- Business
- Yahoo
Digital asset recap 2025: Coinbase, bitcoin, Circle, & more
Yahoo Finance Senior Business Reporter Ines Ferré joins Market Domination Overtime with Josh Lipton to recap the year digital assets have had so far and outline which companies are considering stablecoin adoption in the future. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. 2025 is shaping up to be a booming year for crypto, as regulatory tailwinds and forecasts of mass adoption send Bitcoin and stablecoin related companies higher. We're joined now by senior markets reporter, Ines Ferre, with an important recap on digital assets. Hi Elena, Ines. Hey Josh. Yeah, and if we just take a look at where Bitcoin is at year to date, it's up 13%. Since President Trump won the White House last year though, it is up roughly 50%. So you really see the boom that has happened in the Bitcoin space, uh, given President Trump's promises for, uh, crypto-friendly, uh, crypto-friendly framework. So you've had a lot of regulatory tailwinds, uh, this past half year, uh, you've had also the executive order that President Trump, uh, signed to start a strategic Bitcoin reserve, and you've had companies that have really benefited from this. I'm going to pull up a year to date chart so you can see the biggest beneficiaries. Robinhood up 122%, the trading platform. Also, you've got Coinbase that is up more than 40%. I do want to mention that even though today we saw Coinbase pulling, pulling back from its record close, this stock has seen a turnaround that is impressive. You've had this stock that was at its lows in 2022, it has emerged from those lows up more than 900% since then, and you've had a lot of bullish calls around Coinbase with one analyst earlier this week calling this company the Amazon of crypto financial services. Also want to mention that Coinbase is a minority, uh, stakeholder of Circle. This is the company that went public earlier in June, on June 5th. And Circle is up year to date, well since, since its IPO, almost 500%, 480%. This is the issuer of stable coins, and, uh, the stable coins are digital tokens that are backed by assets like the US dollar. And Wall Street is very bullish on this entire stable coin market because they are seeing a large, uh, addressable market. They are saying that this is going to revolutionize the way that payments are made, especially when it comes to cross-border payments. And we've seen a lot of deal making in this space as well. We've seen companies that have wanted to get involved in the stable coin space. And it's interesting because issuers of stable coin, you've got Circle, and then you've got Tether, which is privately owned that you, as far as Circle is concerned, it is a pure play when it comes to stable coins, and they're a big buyer of short-term debt, US Treasuries. So this is a very important link between, uh, between the government and also these, uh, issuers of stable coin because they, they also drive some of this demand for US, uh, treasury bills, short term. Ines, before I let you go, what, what can you tell us just quickly about the risks that we should think about associated with adopting stable coins? Yeah, I mean, you've had a couple of, uh, analysts that have talked about these risks that is that are, uh, you've got increasing competition, uh, on the heels of the Genius Act that was passed in the Senate. It's expected to be finalized by the end of this year, so it'll pass through the house and also will be signed into law. And so that's expected to go through, um, but then with that you're going to have increased competition. And then on top of that, the other risk is, is that if you have interest rates coming down, then that is going to impact the reserve income that, uh, a company like Circle makes because, uh, it invests those dollars into US treasuries for its stable coins. So, uh, that'll have some type of an impact. Some analysts that I've spoken to say that this means that they are going to have to get, gain more market share, grow faster, and perhaps go into other products as well. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Business
- Yahoo
Texas Bolsters Bitcoin With Sanctuary Designation
(Texas Scorecard) – Senate Bill 21, drafted by State Sen. Charles Schwertner (R–Georgetown) and signed into law by Gov. Greg Abbott on Sunday, June 20, creates the Texas Strategic Bitcoin Reserve. The reserve will be used to diversify the state's investments, giving the Texas comptroller discretionary power to manage the reserve separately from the general fund. Texas joins Arizona and New Hampshire, who established their own cryptocurrency reserves in May. Texas' initiative, however, has received more praise from cryptocurrency advocates for its built-in flexibility. Arizona's reserve only pertains to cryptocurrency seized by the state as unclaimed or abandoned assets or confiscated in criminal investigations. It does not allow direct investments in the reserve. New Hampshire's reserve limits state cryptocurrency investment to a '5 percent cap of the total amount of public funds.' Unlike the reserves in Arizona and New Hampshire, Texas' Bitcoin reserve has no official cap. The comptroller has the discretionary authority to buy, sell, and hold cryptocurrency. This means that Texas has an unlimited capacity for investments in Bitcoin or other cryptocurrencies that have an 'average market capitalization of at least $500 billion over the most recent 24-month period.' This flexibility enables Texas to increase its Bitcoin reserve as a hedge against periods when the dollar's value is volatile or, when the need arises, to dump the reserve periodically to save its investments. President Donald Trump signed an executive order in March to create the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. Both of these federal cryptocurrency reserves follow a framework of forfeiture and seizure much like Arizona's. In addition, they are prevented from receiving direct investments. Texas has the first fully unrestricted Bitcoin reserve in America, making it the leading Bitcoin sanctuary in the nation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
3 hours ago
- Business
- CNBC
Bigger bitcoin HODL: Time for 10% to 40% of portfolio in crypto, say financial advisor Ric Edelman
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single-digits was his recommendation. In his "The Truth about Crypto" book in 2021, Edelman said as low as a 1% allocation was reasonable. A lot has changed. This week, Edelman said financial advisors should be recommending anywhere from 10% to 40% allocations to cryptocurrencies, and he is aware it's quite a shift in his own thinking. "Today I am saying 40%, that's astonishing," he told CNBC's Crypto World in an interview. "No one has ever said such a thing." But the "why" is the more important thing. For one, it's because of the massive change, "the evolution of crypto in the past four years," he said. Four years ago, Edelman says, we didn't know if governments would ban bitcoin, or if the technology would be obsolete, and if consumers and institutions would adopt it. "Today, all those questions have been resolved," said Edelman, who heads the Digital Assets Council of Financial Advisors. "It's radically changed and is now a mainstream asset," Edelman added. For sure, the more mainstream crypto becomes, the more it will feature across investment portfolios. Bitcoin ETFs have been taking in billions this year, among the top asset classes in ETF inflows this year, one sign of crypto's arrival on the radar of more financial advisors and long-term investors. The other big shift Edelman sees longer-term, and just as important to his view of crypto allocation, is the end of the traditional 60/40 model of long-term investing, with 60% in stocks and 40% in bonds, which Edelman says is obsolete due to increased longevity, and life expectancy in the U.S., that has risen from 47 in the 1900s to 85 today, and is projected to potentially reach as high as 100 over the next 30 years if technological advances related to medicine proceed. "If you're a financial advisor and you had a 30 year-old client who was saving for their long term future, you would tell them to put 100% of their money in stocks, because they have 50 years to go," said Edelman. "Today's 60 year-old is kind of like yesterday's 30 year-old," he added. "You need to get better returns than you can get from bonds and you need to hold equities longer than ever before," Edelman said. And as that allocation model shifts away from the classic 40% bond allocation, he said crypto needs to play a much bigger role in investing. "Bitcoin prices don't move in sync with stocks or bonds or gold or oil or commodities," Edelman said. He added that investors are starting to recognize it as a "wonderful way to improve modern portfolio theory statistics. "The crypto asset class offers the opportunity for higher returns that you're likely to get in virtually any other asset class." Edelman said. Some analysts predict bitcoin will hit $150,000-$250,000 by the end of this year and $500,000 by the end of this decade. Edelman says, "that's a conservative estimate compared to what others are saying." Crypto hacks hit a new record in the first half of the year. According to TRM Labs, bad actors raked in over $2.1 billion in at least 75 different hacks and exploits, setting a new record. Attacks on crypto infrastructure, like stealing private keys and seed phrases or compromises of front-end software, accounted for over 80 percent of the funds stolen in 2025's first half. Trump housing advisor tells CNBC about crypto mortgage plan. Bill Pulte, the director of the Federal Housing Finance Agency, joined CNBC's "Money Movers" on Friday to discuss the plan he released this week to have Fannie Mae and Freddie Mac count crypto as a federal mortgage asset. Senate targets end of September for crypto bill. Senator Tim Scott, chairman of the Senate Banking Committee, said at an event on Thursday that legislation to establish rules for U.S. crypto markets will be finished by the end of September.
