WhiteHouse

Just yesterday, he was calling for an extra billion. Today, he says he’ll make do with less. That’s the unexpected shift from FBI Director Kash Patel, who went from defending a funding increase to supporting White House-driven budget cuts in less than 24 hours. His turnaround comes as the administration pushes to slash federal spending by $163 billion.

What happened?
During a congressional hearing, Patel warned that the proposed cuts could seriously undermine the FBI’s ability to combat terrorism, violent crime, and cyber threats. He stressed that going back to 2011 funding levels was unrealistic, and the bureau needed at least $11.1 billion to maintain operations without layoffs.
But a day later, he struck a different tone: “We’ll accept the budget, adjust our priorities, and handle it.” The sudden shift sparked confusion on Capitol Hill.

Congress Left Guessing: No Plan in Sight
Several lawmakers were visibly taken aback. Senator Patty Murray criticized the FBI for its lack of transparency, noting that the agency had failed to provide any clear roadmap for how it would operate under tighter finances.
Senator Jerry Moran, a Republican, warned that the cuts might lead to unfilled or eliminated positions — directly affecting the bureau’s national security capabilities.

Political Whiplash
What’s especially surprising is that Patel recently urged lawmakers to ignore Trump’s proposal to cut FBI funding, calling it inadequate. Now, he’s in alignment with a scaled-down budget. During the hearing, Rep. Rosa DeLauro pressed Patel to specify which jobs would be lost and reminded him that the budget was created by the bureau itself, not imposed from outside.

So, What’s Actually Being Cut?
No one knows. The White House’s proposal references “redundant operations,” outdated projects, and diversity programs — but provides no concrete breakdown of which specific roles or departments at the FBI are on the chopping block.
That ambiguity is what frustrates lawmakers the most. Without clear details, it’s impossible to know whether the FBI is protecting its critical functions or simply cutting blindly.

🟦 What Comes Next?
Whether Patel’s change of heart stems from genuine conviction or political necessity is unclear. But one thing’s certain — the FBI now faces tense budget negotiations, and lawmakers are demanding straight answers.

#whitehouse , #USPolitics , #FBI , #USGovernment , #worldnews

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The highly anticipated White House Crypto Summit on March 7 turned out to be a disappointment for investors hoping for game-changing policies. Instead of bold announcements, the event delivered vague promises and delayed decisions, leaving the crypto market uninspired.

🔍 Key Takeaways from the Summit:
📜 A Stablecoin Legislation Framework was promised—but it won’t be finalized until August, keeping investors in limbo.⚖️ Regulators hinted at lighter crypto rules, but no concrete policies were introduced, leaving businesses frustrated over the lack of clarity.❌ No firm decisions were made regarding crypto taxation, compliance, or institutional support, adding to the uncertainty.

💥 Market Reaction: A “Nothingburger” That Left Investors Hanging

Rather than boosting confidence, the summit came at a time when global financial markets were already under pressure. The result? More losses.

📉 A global tariff war—sparked by Trump and other world leaders—has shaken investor confidence, dragging markets down.

💵 The U.S. Dollar Index (DXY) plunged below 105, its weakest level since November. A weaker dollar usually helps risk assets like crypto, but ongoing market fear has held back any gains.

🧐 Traders Are Now in "Wait-and-See" Mode

With no clear bullish signals from Washington, investors are shifting focus to key economic indicators to determine the next big moves.

🔎 What’s Next?
📊 Macroeconomic Data Watch: Inflation, job reports, and GDP growth will be the key drivers of market sentiment in the coming months.💰 Interest Rate Speculation: Fed Chair Jerome Powell emphasized patience in achieving a 2% inflation target, making a rate cut in 2025 less likely—which isn’t great news for risk assets.🚀 Short-Term Hope? Some traders are betting on short-term treasuries, anticipating the Fed may cut rates by May. Lower rates tend to boost crypto and other risk assets, so all eyes are on the next Fed move.

📢 Expert Take:

“The summit gave a glimmer of optimism, but no real action,” said Kevin Guo, Director of HashKey Research. “Crypto remains closely linked to U.S. stocks, and with February’s job report showing stable employment, traders are bracing for a slow climb back.”

With monetary easing on the horizon, crypto could see a resurgence later in 2025. But for now, investors are playing it safe, waiting for a real catalyst to drive the next rally.
#CryptoNews #WhiteHouse #Bitcoin #FederalReserve #MarketTrends

At the White House summit, Michael Saylor shared his "$100 trillion" crypto strategy, emphasizing that if the United States can establish a clear regulatory framework for digital assets, it may release up to $100 trillion in economic value in the next decade.
Saylor divides digital assets into four categories: digital tokens, digital securities, digital currencies, and digital commodities, and points out that Bitcoin belongs to the category of digital commodities. He suggested that by 2035, the United States should hold 5%-25% of the total supply of Bitcoin to generate $16 to $81 trillion in revenue by 2045. This strategy aims to ensure the United States' leading position in the global cryptocurrency competition and promote economic growth.
#TRUMP #Summit2025

$BTC