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 News.

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.

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.

See also  Public Bitcoin Miners Dump 25% of BTC Holdings Last Month

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.”

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.”


Leave a Reply