President Joe Biden delivered a significant speech at the LBJ Presidential Library in Austin, Texas, on July 29, 2024. In his address, Biden criticized the U.S. Supreme Court for what he described as "extremism" undermining public confidence in the institution.
He called for Congress to establish term limits and an enforceable ethics code for the court's nine justices.
Additionally, Biden proposed a constitutional amendment to limit presidential immunity, a response to recent Supreme Court rulings that he argued shielded former presidents from prosecution.
Biden's proposals include:
A chart showing most OECD countries which have term limits or mandatory retirement age for justices serving their highest courts, including a proposal from US President Joe Biden for an 18-year term limit for US Supreme Court justices.
Biden's remarks come amid broader concerns among Democrats about the court's conservative majority and recent decisions on abortion, affirmative action, and voting rights. Vice President Kamala Harris endorsed Biden's proposals, citing a "crisis of confidence" in the court.
However, Republican leaders, including House Speaker Mike Johnson and Senate Republican Leader Mitch McConnell, criticized the proposals. Johnson called them a "dangerous gambit," and McConnell argued that Biden and his allies were attempting to undermine the Constitution.
Despite the political polarization, Biden emphasized the need for reforms to restore public trust in the judiciary and prevent abuses of power.
However, the likelihood of these reforms passing in a closely divided Congress remains uncertain.
The last constitutional amendment was ratified in 1992, highlighting the challenges of enacting such changes.
After the Federal Reserve cut interest rates by 50 basis points, gold and Bitcoin soared, but both underperformed the more than 10% weekly increase in the SOL token under the US blue-chip public chain Solana. The reason is that the bigwigs from China and the United States gathered at TOKEN 2049 and good news came frequently.
WeiliangThe Korea National Police Agency has conducted 515 undercover investigations into illegal deepfake pornography since September 2021, leading to the arrest of 1,415 individuals, including teenagers involved in distributing such content. In response to rising digital sex crimes, authorities have established a task force to address deepfake pornography and are evaluating Telegram's role in facilitating these offenses.
WeatherlyBybit has launched the world’s first Shariah-compliant Islamic Crypto Account for ethical trading, following Bybit Türkiye’s recognition by Turkey’s Capital Markets Board as a crypto asset service provider.
CatherineCaroline Ellison, former Alameda Research CEO, was sentenced to two years in a minimum-security prison for her role in the FTX collapse and must forfeit $11 billion. She is set to surrender on or after 7 November 2024, likely serving near Boston.
KikyoSweden's authorities are cracking down on unlicensed cryptocurrency exchanges involved in organised crime and money laundering. They are also targeting Bitcoin mining operations, uncovering 90 million SEK in unpaid taxes from 18 firms.
WeatherlyDiddy, awaiting trial on federal sex trafficking and racketeering charges, is reportedly sharing a jail space with disgraced crypto figure Sam Bankman-Fried. The hip-hop mogul has repeatedly denied any wrongdoing and pleaded not guilty in court.
CatherineOpenAI has launched the Advanced Voice Mode for ChatGPT Plus and Teams users, allowing for more natural and dynamic conversations. The feature supports over 50 languages, includes multiple voice options, and is available for a monthly subscription fee, but it's currently not accessible in the EU and the UK.
JoySouth Korean police have arrested seven individuals in a raid on a “crypto-powered drug dealing” operation suspected of smuggling methamphetamine into the country from abroad. Authorities are expanding their investigation to uncover the drug distribution network's true nature.
KikyoChina's OTC cryptocurrency market has surged, with inflows exceeding $20 billion in each quarter of 2024, totaling $75.4 billion in nine months. Despite a strict ban on crypto trading, demand remains high, leading investors to use OTC services and peer-to-peer trading to access digital assets.
AnaisThe US DOJ has filed an antitrust lawsuit against Visa, accusing it of maintaining a debit payments monopoly. The DOJ claims Visa uses exclusivity agreements and penalties to stifle competition, forcing businesses to use its network while blocking new competitors from entering the market.
Catherine