In the news this week, another significant American bank failed, a senator from Maine pleaded with President Joe Biden to pardon Silk Road creator Ross Ulbricht, a senior U.S. district judge rejected the reasoning behind the SEC v. Ripple decision regarding XRP, and Robert Kennedy Jr. and Ron Paul concurred that there is no free market in America. This is the week in review for Bitcoin.com News.
All the news this week just dey sad.
Before you heal from one, you go see another one and before you run from that one, dem don increase fuel price again.
See nothing is funny in this country anymore, this one no be meme. pic.twitter.com/orrlBT1zDy
— SMALLIE (@the_smallie) July 22, 2023
Another US Bank Collapses: Heartland Tri-State Bank is closed by the regulator.
The most recent bank to fail in the United States was Heartland Tri-State Bank. The bank was shut down and given to the Federal Deposit Insurance Corporation (FDIC) as receiver by the Kansas banking regulator.
— ★StarLight Crypto🐋 (@Starlightcrypt0) August 1, 2023
Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During the President’s Auburn Visit
U.S. President Joe Biden visited Auburn, Maine, on July 28, 2023, when he spoke at Auburn Manufacturing before going to a private fundraising event. When Biden arrived in Auburn, the Republican senator for Maine, Eric Brakey, welcomed him and gave him a note. In the communication, he recommended that the president think about pardoning Ross Ulbricht, who founded the Silk Road.
US District Judge Rejects Approach in SEC v. Ripple Ruling on XRP
The approach employed in the Securities and Exchange Commission (SEC) v. Ripple decision regarding XRP has been rejected by a senior U.S. district court. The district judge overseeing the SEC v. Terraform Labs case stated, “The court declines to draw a distinction between these coins based on their manner of sale.”
US District Judge Rejects Approach in SEC v Ripple Ruling on XRP pic.twitter.com/l2zHRtqejG
— PampaPro Official (@PampaPro_O_M_G) August 5, 2023
Robert Kennedy Jr. and Ron Paul agree that America Doesn’t Have a Free market.
Both potential presidential candidates, Robert F. Kennedy Jr. (RFK Jr.) and Ron Paul, a former congressman, concur that the United States lacks a free market. Paul emphasized, “He’s right!” in reference to RFK Jr.’s assertion that America had “a crony corporatist system.”