President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry. The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the U.S. dollar to reduce price volatility. It passed both the House and Senate with wide bipartisan margins. The measure is meant to bolster consumer confidence in the rapidly growing crypto sector. Its passage comes as Trump makes it a mission to establish the U.S. as the “crypto capital of the world.”
President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry. The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the U.S. dollar to reduce price volatility. It passed both the House and Senate with wide bipartisan margins. The measure is meant to bolster consumer confidence in the rapidly growing crypto sector. Its passage comes as Trump makes it a mission to establish the U.S. as the “crypto capital of the world.”
The House gave final approval to President Donald Trump’ s request to claw back about $9 billion for public broadcasting and foreign aid early Friday as Republicans intensified their targeting of institutions and programs they view as bloated or out of step with their agenda.
The White House suggested it will make more such demands to claw back congressionally appropriated funding. Some Republicans were uncomfortable with the encroachment on their constitutional spending authority, but approved the cuts anyway rather than cross Trump's team.
Using Truth Social, President Donald Trump says he has asked Attorney General Pam Bondi to release all relevant grand jury transcripts from the Jeffrey Epstein case.
“Based on the ridiculous amount of publicity given to Jeffrey Epstein, I have asked Attorney General Pam Bondi to produce any and all pertinent Grand Jury testimony, subject to Court approval. This SCAM, perpetuated by the Democrats, should end, right now!” the post on Truth Social stated.
Earlier on Thursday, the Wall Street Journal published a story about Trump’s “relationship” with Epstein. The story mentioned a birthday card the paper claims Trump mailed to Epstein in 2003.
The President says the birthday card is fake.
“It’s not my language. It’s not my words,” Trump told the WSJ before the story broke.
The letter revealed by The Wall Street Journal was allegedly collected by disgraced British socialite Ghislaine Maxwell as part of a birthday album for Epstein years before the wealthy financier was first arrested in 2006 and subsequently had a falling-out with Trump. The paper claims the letter bearing Trump’s name includes text framed by the outline of what appears to be a hand-drawn naked woman and ends with, “Happy Birthday — and may every day be another wonderful secret,” according to the newspaper. The outlet described the contents of the letter but did not publish a photo showing it entirely.
Maxwell was arrested in 2020 and convicted a year later on charges that she helped Epstein lure girls to be sexually abused.
Trump slammed the story in a lengthy social media post Thursday night, saying he spoke to both to the paper’s owner, Rupert Murdoch, and its top editor, Emma Tucker, and told them the letter was “fake.” Trump promised to sue the paper over the story, saying: “These are not my words, not the way I talk. Also, I don’t draw pictures.”
Vice President JD Vance said The Wall Street Journal “should be ashamed” for publishing it.
“Where is this letter? Would you be shocked to learn they never showed it to us before publishing it? Does anyone honestly believe this sounds like Donald Trump?” he wrote on X.
An explosion at a Los Angeles County Sheriff's Department training facility has killed three deputies, local media reported on Friday, though officials have yet to confirm any deaths.
A spokesperson for the Los Angeles Sheriff's Department said an explosion occurred at the Biscailuz Center Academy Training in East Los Angeles. The spokesperson said the cause was under investigation and that they were not yet ready to confirm any deaths or injuries.
The Los Angeles Times newspaper, citing unnamed law enforcement sources, reported that three deputies were killed in the blast, which took place when a bomb squad moved some explosives.
Hilda Solis, who serves on the Los Angeles County Board of Supervisors, said in a written statement that "my heart goes out to the families, friends, and colleagues of the three individuals who lost their lives in what appears to have been a devastating explosion."
U.S. Attorney General Pam Bondi wrote on social media that she had spoken with Los Angeles County Sheriff Robert Luna along with U.S. Attorney for the Central District of California Bill Essayli "about what appears to be a horrific incident that killed at least three at a law enforcement training facility in Los Angeles."
Bondi said that federal agents were at the scene and working to learn more.
Michele Tafoya is a four-time Emmy award-winning sportscaster turned political and cultural commentator. Record-setting, four-time Sports Emmy Award winner Michele Tafoya worked her final NBC Sunday Night Football game at Super Bowl LVI on February 13, 2022, her fifth Super Bowl. She retired from sportscasting the following day. In total, she covered 327 games — the most national primetime TV games (regular + postseason) for an NFL sideline reporter.
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