Latest news with #Crenshaw
Yahoo
2 days ago
- Business
- Yahoo
Grayscale Challenges SEC's Delay of GDLC ETF Launch, Calls Stay Order Unlawful
Grayscale has pushed back against the U.S. Securities and Exchange Commission's (SEC) decision to halt the launch of its large-cap crypto ETF, calling the agency's stay order both unlawful and harmful to investors. The asset manager filed a letter with the SEC on Friday in response to the unexpected pause on its plan to convert the Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). The SEC had already approved the conversion earlier this year but then issued a stay order to review the approval — without explaining why. 'Grayscale, the Exchange and the Fund's current investors are suffering harm as a result of the delay,' the company said in its letter. The GDLC ETF would hold a basket of large-cap digital assets including bitcoin, ether, XRP, solana and cardano, with around 80% of the fund currently weighted in bitcoin. The move to convert it into a spot ETF is part of Grayscale's broader strategy to bring more crypto products to mainstream financial markets, following the launch of its spot bitcoin (BTC) ETF in January. While the SEC has not clarified its reasons for the delay, market watchers suggest the hold is likely due to internal procedural issues, rather than political opposition to crypto. The ETF would hold Bitcoin, Ethereum, Solana, Cardano and XRP. Of these, Cardano and XRP don't currently have their own individual ETFs, and Solana just has one fund — with several applications hoping to add to this number. Scott Johnsson, a financial lawyer and ETF expert, said in a post on X that although the SEC's move was out of the ordinary, it likely won't derail the fund entirely. 'Given Grayscale was suggesting they had productive talks with the SEC prior to approval, and they had made extensive amendments to the rule proposal in line with those discussions, my guess is the Rule 431 application was a parting gift from Crenshaw acting unilaterally,' he wrote, referring to SEC Commissioner Caroline Crenshaw. 'This is going to launch, it's just a matter of when imo.' If approved, GDLC would be the first multi-asset crypto ETF in the U.S., giving investors exposure to a curated basket of top digital currencies without needing to manage wallets or custody themselves.
USA Today
29-06-2025
- Sport
- USA Today
'We are so proud of the way it looks right now': Ben Crenshaw delighted with retooling of International's Pines Course
Two-time Masters champion and World Golf Hall of Famer Ben Crenshaw is from Austin, Texas, but Massachusetts has played an important role in his golfing accomplishments. Crenshaw, 73, played in the U.S. Junior Amateur at The Country Club in Brookline when he was 16 years old, and the course's topography ignited his interest in golf course architecture. He couldn't get over how different the course's hills were than the flat courses he grew up playing in Texas. Crenshaw also met noted golf writer Herbert Warren Wind that week, and they became lifelong friends. In 1973, Crenshaw played in his first PGA Tour event at Pleasant Valley CC in Sutton after PV owner Cuzzy Mingolla gave him a sponsor exemption to reward him for earning medalist honors at three consecutive NCAA championships. He tied for 35th in the USI Classic at PV and earned $903. In 1999, he captained the U.S. at The Country Club to the greatest Ryder Cup comeback to that point. In 2004, Crenshaw and Bill Coore designed Old Sandwich Golf Club in Plymouth, ranked the sixth-best private golf course in the state this year by Golfweek's Best. Coore & Crenshaw have designed many golf courses in the U.S., Canada, China, Indonesia, Australia and New Zealand, and on June 6, their complete retooling of the Pines Course at the International in Bolton opened. Crenshaw and Coore returned to the International on opening weekend to ride around the Pines with officials from Escalante Golf of Fort Worth, Texas, which bought the club in 2021. As avid golf fans remember, when Crenshaw captained the 1999 U.S. Ryder Cup team at The Country Club in Brookline, he refused to give up on his squad after it fell behind, 10-6, entering the final day. No Ryder Cup team had ever overcome such a deficit, but Crenshaw told the media, 'I have a good feeling about this.' The media thought Crenshaw was crazy, but the U.S. rallied to beat Europe, 14½-13½. Crenshaw also had a good feeling about designing and building an entirely new Pines Course at the International in Bolton with Coore. This was the first time that Coore and Crenshaw built a new course on the site of an existing one. 'The character of the ground, vegetation and the sand, it all goes together,' Crenshaw said, 'and it makes you think you can do something special, you hope, and God we are so proud of the way it looks right now. It's matured quite a bit. It looks fun to play.' Escalante Golf purchased the region's only private 36-hole club for $10 million and has invested more than $40 million in upgrades. Construction of a new clubhouse and member cottages is planned. Architect Tripp Davis renovated the Oaks Course prior to it hosting a LIV Golf event in 2022. He primarily improved tees and bunkers on the 2001 Tom Fazio design. Then an overhaul of the Pines began. Geoffrey Cornish designed the Pines as a 8,040-yard course with steeply pitched greens and challenging bunkers. It opened in 1955 on the site of Runaway Brook CC, which opened in 1901 as a nine-hole public course. More: Coore, Crenshaw finish renovation of famously long golf course in Massachusetts In 1972, architect Robert Trent Jones Sr. softened several greens and bunkers on the Pines, but he also lengthened the course to 8,325 yards. The par-5 fifth hole was 715 yards long and had a green that measured nearly 90 yards long. For more than half a century, the Pines Course was known as the world's longest golf course. Coore & Crenshaw shortened the course to 7,103 yards with a par of 71. Coore, 78, said he couldn't think of another course that was designed more than 1,000 yards shorter than the original. When Crenshaw first visited the Pines in 2022, he asked to have the flags removed because he didn't want to know where the greens were when he envisioned the new layout. No corridor or green site remains from the previous version of the course. 'You touch on people's skills,' Crenshaw said. 'You don't want to beat them up. You want to encourage good play, you want to reward them. It's a very trite observation, but anybody can build a really difficult golf course, and that's not what you want. You want to welcome them and have each class of golfers have some thrills.' The Pines is also one of the region's few courses to feature fescue grass on tees, fairways and in the rough. Crenshaw said he's still grateful that Mingolla gave him his first sponsor exemption, and he was surprised that he did. 'It kind of came out of the blue,' he said, 'but I had played some good golf, so I guess I was worthy of a nod.' Crenshaw returned to play in several PGA Tour events at PV, and he finished second in 1976 to Buddy Allin and in 1978 to Lou Graham, both times by one stroke. When in the area to play PV, Crenshaw made the short drive to play Whitinsville Golf Club with Steve Melynk and a couple of other players. They heard it was a Donald Ross course and wanted to go play the nine-hole course that is celebrating its 100th anniversary this year. 'We were very thankful to Whitinsville for letting us do that,' Crenshaw said. 'It was a wonderful nine-hole golf course. People don't know that about New England. There are wonderful nine-hole golf courses all through New England, and it has nothing to do with the number of holes, it has to do with the character of the holes. But it was wonderful to see.' Crenshaw especially loved the challenging, par-4 ninth hole. 'Oh gosh, a gorgeous hole,' he said. 'You remember holes like that.' Crenshaw knows his golf history. So he knows all about Bobby Jones calling a penalty stroke on himself that cost him the 1925 U.S. Open championship at Worcester CC. He even recited what Jones said after the media praised him for his honesty in calling the penalty stroke: 'You might as well praise a man for not robbing a bank.' He's also well aware that Worcester CC hosted the first Ryder Cup in 1927. 'I never did make it to Worcester Country Club,' Crenshaw said. 'I should have.' Worcester CC head pro Andy Lane said he'd loved to have Crenshaw play the course. 'First off, we welcome Mr. Crenshaw to come and play Worcester Country Club any time,' Lane said, 'and I think it's exciting. With all these centennials and Ryder Cup celebrations coming up, I think Worcester is kind of the center of attention in golf here in New England. Each day gets a little more exciting as we approach that 100-year anniversary of that first Ryder Cup, and obviously with guys like Ben Crenshaw, who are pioneers in the game of the golf affiliated with Ryder Cups, we can't wait to get him out here to play.' 'I'd love to see it because I know it's a Ross course,' Crenshaw said. Nevertheless, Crenshaw is familiar with golf in Massachusetts. 'It's traditional,' he said. 'It's been a leader forever, historically. People that know golf know that it's quality. It's been that way forever, and I'm extremely proud to be part of it.' Of course, Crenshaw is most proud of captaining the 1999 U.S. Ryder Cup team to victory at TCC. When he saw Justin Leonard sink a 45-foot birdie putt on 17 on the final day to help win the cup, he thought of Francis Ouimet sinking sizable putts on 17 in the final round of regulation and the playoff to help him win the 1913 U.S. Open at TCC. 'That's pretty eerie,' Crenshaw said. 'I've called him (Leonard) Francis ever since.' On April 15, Michael Galvin became the general manager at the International after serving as director of agronomy for five years. He was the superintendent the previous four years at Red Tail GC in Devens after working on the grounds crew at Wedgewood Pines in Stow for two and on Long Island for 15. Galvin replaced Tom Barnard, who retired after one season for health reasons. 'I've always thought about it in my career whether I'd be 55 years old and still being a superintendent,' the 44-year-old Galvin said. 'Being a superintendent is a grind. It's early hours. You're at the mercy of Mother Nature. The opportunity came up, and with where we are right now with Coore and Crenshaw and where we're going and the support of all of Escalante, I felt it was the right decision to make to keep this going in the right direction.' Galvin said the International has 302 members and that he and the club's two membership directors would like to boost that total.
New York Post
18-06-2025
- Health
- New York Post
How Trump's ‘big, beautiful' bill targets transgender medical procedures nationally
The Supreme Court on Wednesday upheld Tennessee's ban on transgender medical procedures for minors — a controversial practice that could be outlawed nationally if President Trump's 'big, beautiful' bill clears the Senate intact. The House-passed One Big Beautiful Bill Act includes a provision barring the use of taxpayer money to fund so-called 'gender-affirming care,' for both children and adults. The provision, championed by Rep. Dan Crenshaw (R-Texas), would ban Medicaid, Children's Health Insurance Program (CHIPs) and Affordable Care Act (ACA) funds from being spent on puberty blockers, cross-sex hormones and irreversible surgeries, such as double masectomies and genital reconstruction. The so-called 'Crenshaw Amendment' — a last-minute addition to the massive piece of legislation — specifically amends the Social Security Act, halting federal payments for what the provision deems as medically unnecessary procedures. 3 Crenshaw's provision will save taxpayers $2.5 billions over the next 10 years, according to his office. REUTERS The provision will have to survive the Senate's strict rules governing the reconciliation process, specifically the Byrd Rule, to make it into the upper chamber's version of the legislation. The Byrd Rule prevents the inclusion of measures deemed 'extraneous' to the budget process. For instance, provisions that don't directly affect spending or revenue. The Byrd Rule is interpreted and enforced by the Senate parliamentarian. Crenshaw's office notes that taxpayers will save 'about $2.5 billion over 10 years' if the provision becomes law. 'That's the estimated savings from blocking federal funding — via Medicaid, CHIP, and ACA — for gender transition procedures,' the congressman's office states. 'With transition costs running up to $75,000 per patient, the numbers add up fast. This amendment cuts it off—saving money and saving lives.' Last month, Crenshaw vowed that his provision 'will become law,' arguing that it is 'long overdue.' 'Gender transition procedures are the lobotomy of our generation,' he said in a statement. 'So-called 'gender-affirming care' isn't healthcare — it's fringe science with no proven benefit and massive risks.' 3 The transgender surgery ban would codify and expand on President Trump's executive actions preventing federal agencies from using tax dollars to promote or fund gender transitions. AP 3 The Supreme Court upheld Tennessee's transgender surgery ban on Wednesday in a 6-3 ruling. REUTERS In a 6-3 decision, the Supreme Court found that Tennessee's ban on transgender puberty blockers and hormone therapy treatments for minors does not violate the 14th Amendment's Equal Protection Clause. More than half of US states have similar laws on the books. 'Today was not just a win for basic biology and common sense, but for human decency, sound medicine, and the dignity and safety of children everywhere,' Sen. Roger Marshall (R-Kan.) said of the high court's ruling. 'As a doctor for over 25 years, I understand the gravity of these harmful so-called treatments radical activists have been pushing on children. They leave permanent scarring, sterilization, and other horrible side effects,' he added. 'Make no mistake, there's more work to do, and I remain committed to eliminating taxpayer-funded transgender procedures on both minors and adults.' Marshall's No Subsidies for Gender Transition Procedures Act is the Senate's companion legislation to Crenshaw's measure in the House.
Washington Post
17-06-2025
- Politics
- Washington Post
The axis of weaponized antisemitism: Russia, China, North Korea and Iran
Michal Cotler-Wunsh is Israel's special envoy for combating antisemitism and a former Israeli legislator. I'm old enough to remember when Kimberlé Crenshaw coined the term 'intersectionality' in 1989. There was great excitement at the potential of promoting justice by identifying and working across differences to overcome interlocking systems — ones that operate in tandem, even if independently — that affect marginalized groups.
Yahoo
10-06-2025
- Politics
- Yahoo
Non-citizen LA rioters could be deported under new House bill
FIRST ON FOX: Some House Republicans are now considering whether non-citizens who are found to have participated in violent anti-law enforcement riots have a right to stay in the United States. Rep. Dan Crenshaw, R-Texas, is leading a bill that would make non-U.S. citizens convicted of "actual or attempted assault, battery, or use of force" against any law enforcement officer eligible for deportation. Any immigrants deported under the legislation, if enacted, would be permanently barred from the United States. "The thing about breaking the law is, there's effectively a waiving of your constitutional rights that's sort of inherent in our system, right? When you go to prison, you're losing your liberty," Crenshaw told Fox News Digital in an interview Tuesday. California Republicans Slam Newsom, Bass For Letting La Burn With Riots Amid Trump Immigration Blitz "So this is a very normal thing, and in the case of say, people who are here legally, but then committing acts of violence – in this case, we're being really specific, during a national emergency, committing assaults against police officers, and destruction of property – that should have an effect and be on the list of things that allows for revocation of your status." Read On The Fox News App Early bill text obtained by Fox News Digital shows the bill would apply to legal permanent residents, people here illegally, and beneficiaries of the Deferred Action for Childhood Arrivals policy. It would go into effect when presidents, governors or local leaders make emergency or major disaster declarations. It comes amid continued tensions in Los Angeles, where protests against Immigrations and Customs Enforcement operations turned violent across the city this weekend. Rioters were seen burning American flags and cars stood on the street in flames, while police used pepper spray and rubber bullets on crowds outside federal buildings. President Donald Trump deployed the National Guard despite the objections of California Gov. Gavin Newsom and ordered 700 U.S. Marines to Los Angeles as well. Those Marines will be training in Seal Beach for a few more days before deployment, a U.S. defense official told Fox News. Democrats have accused the Trump administration of escalating violence in Los Angeles, while Republicans argue that federal action is necessary based on the state's handling of the situation. Crenshaw said his legislation would help the administration restore order during such times. "What it would do is, it would give the administration the option to say, yeah we've rounded all these people up, half of them are U.S. citizens, okay, you're going to jail for rioting. Maybe another quarter are illegals, well that's easy you can deport them," he said. "But what about the other quarter? You know, that might be…a number of legal aliens here rioting against America for enforcing our immigration laws. In our minds, you've violated that sort of social contract with the United States at that point." California Lt. Governor Says Los Angeles Riots Are 'Generated By Donald Trump' Crenshaw said he spoke with the White House and that officials there were "excited" about the bill. The White House said it would not get in front of the president on legislative matters when reached for comment by Fox News Digital. Currently, legal U.S. residents, including green card holders, can have their status revoked by an immigration judge if they are found guilty of certain crimes or are found to have fraudulently misrepresented themselves in their application for residence. Crimes that would make legal U.S. visa holders and green card holders eligible for deportation currently include murder, drug trafficking and article source: Non-citizen LA rioters could be deported under new House bill
