Another US Bank Collapses: Heartland Tri-State Bank Closed by Regulator
Heartland Tri-State Bank has become the latest bank in the U.S. to fail. The Kansas banking regulator has closed the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver.
- Heartland Tri-State Bank is the latest U.S. bank to collapse.
- The bank was closed by the Kansas banking regulator.
- The Federal Deposit Insurance Corporation (FDIC) has been appointed as the receiver.
Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit
On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted Biden upon his arrival in Auburn and handed him a note. In the message, he suggested that the president should consider granting clemency to the Silk Road creator Ross Ulbricht.
- Senator Eric Brakey urged President Biden to consider granting clemency to Ross Ulbricht.
- The suggestion was made during Biden’s visit to Auburn, Maine.
- Ulbricht is the creator of the Silk Road.
US District Judge Rejects Approach in SEC v Ripple Ruling on XRP
A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over the SEC v. Terraform Labs case.
- A U.S. district judge rejected the SEC’s approach in the Ripple ruling.
- The judge did not differentiate between coins based on their manner of sale.
- The ruling was made in the SEC v. Terraform Labs case.
Robert Kennedy Jr and Ron Paul Agree America Doesn’t Have a Free Market
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) and former U.S. Representative Ron Paul agree that America does not have a free market. Referencing RFK Jr. stating that America has “a crony corporatist system,” Paul stressed: “He’s right!”
- Robert F. Kennedy Jr. and Ron Paul agree that America lacks a free market.
- RFK Jr. described the American system as a “crony corporatist system.”
- Ron Paul supported RFK Jr.’s statement.
Hot Take
The collapse of Heartland Tri-State Bank is another blow to the U.S. banking system, highlighting the ongoing challenges faced by financial institutions. The call for clemency for Ross Ulbricht shows the continued debate around the Silk Road case and the potential for changing perspectives on criminal justice. The rejection of the SEC’s approach in the Ripple ruling raises questions about the regulatory framework for cryptocurrencies. Finally, the agreement between RFK Jr. and Ron Paul on the lack of a free market in America highlights the growing concerns about corporate influence and inequality. These developments reflect the dynamic and evolving landscape of the crypto and financial sectors.
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