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đ Newsomâs âLiberation Dayâ Flops as Redistricting Plan Faces Backlash
California Governor Gavin Newsom drew just 106 attendeesâincluding campaign staff and reportersâto his highly publicized âLiberation Dayâ rally on August 14, where he formally unveiled the Election Rigging Response Act, a proposed constitutional amendment that would allow state lawmakers to redraw congressional districts before the 2026 midterms.
The measure, set to appear on the November 2025 ballot if approved by the legislature, would expire after the 2030 census. Newsom framed the proposal as a direct counterattack to Republican-led redistricting in Texas, saying itâs necessary to help Democrats reclaim control of the U.S. House. âDonald Trump poked the bear,â Newsom declared. âWe will punch back.â
But critics across the political spectrum are calling it a blatant power grab. The plan would sideline Californiaâs independent Citizens Redistricting Commission, established by voters to prevent partisan gerrymandering. A new PoliticoâCitrin CenterâPossibility Lab poll found 64% of Californians oppose giving the legislature redistricting power, with just 36% in support. California GOP Chairwoman Corrin Rankin slammed the proposal, saying it âtramples the will of the voters.â
The rallyâs sparse turnout and poor polling numbers have sparked fresh doubts about Newsomâs national ambitions, especially as he ramps up public clashes with President Donald Trump in what many see as early positioning for a 2028 presidential run.
Despite the pushback, Newsom insists the move is temporary and reactive. âWeâre putting maps on the ballot, and weâre giving the power to the people,â he said. But with no draft maps released and the legislature yet to act, critics say the governor is campaigning on a plan that doesnât yet exist.
#California
#GavinNewsom
#ElectionRiggingResponseAct
#democrats
#Texas
California Governor Gavin Newsom drew just 106 attendeesâincluding campaign staff and reportersâto his highly publicized âLiberation Dayâ rally on August 14, where he formally unveiled the Election Rigging Response Act, a proposed constitutional amendment that would allow state lawmakers to redraw congressional districts before the 2026 midterms.
The measure, set to appear on the November 2025 ballot if approved by the legislature, would expire after the 2030 census. Newsom framed the proposal as a direct counterattack to Republican-led redistricting in Texas, saying itâs necessary to help Democrats reclaim control of the U.S. House. âDonald Trump poked the bear,â Newsom declared. âWe will punch back.â
But critics across the political spectrum are calling it a blatant power grab. The plan would sideline Californiaâs independent Citizens Redistricting Commission, established by voters to prevent partisan gerrymandering. A new PoliticoâCitrin CenterâPossibility Lab poll found 64% of Californians oppose giving the legislature redistricting power, with just 36% in support. California GOP Chairwoman Corrin Rankin slammed the proposal, saying it âtramples the will of the voters.â
The rallyâs sparse turnout and poor polling numbers have sparked fresh doubts about Newsomâs national ambitions, especially as he ramps up public clashes with President Donald Trump in what many see as early positioning for a 2028 presidential run.
Despite the pushback, Newsom insists the move is temporary and reactive. âWeâre putting maps on the ballot, and weâre giving the power to the people,â he said. But with no draft maps released and the legislature yet to act, critics say the governor is campaigning on a plan that doesnât yet exist.
#California
#GavinNewsom
#ElectionRiggingResponseAct
#democrats
#Texas
đšđșđž#DEMOCRATS REBEL #AGAINST CRYPTO BILL OVER TRUMP #STABLECOIN CONFLICTS
đčGenius Act aims to regulate stablecoins, but Democrats pull support over conflict concerns
đč$TRUMP -linked coin âUSD1â via World Liberty Financial triggers alarm; firm profits from transactions
đč9 Senate Democrats, including 4 from committee, vow to block bill unless AML, national security gaps are fixed
đčWhite House denies conflict, says Trump's assets are in a trust, calls for bipartisan support
đčWarren, Merkley cite UAEâBinance deal using USD1, urge ethics probe over possible bribery, emoluments violations
đčWarren: âBiggest corruption scandal in modern history unfolding in plain sightâ
đčPush for strict safeguards, bans on officials profiting from crypto ventures
- Dow Jones Newswires /TradingView, May 7, 2025
đčGenius Act aims to regulate stablecoins, but Democrats pull support over conflict concerns
đč$TRUMP -linked coin âUSD1â via World Liberty Financial triggers alarm; firm profits from transactions
đč9 Senate Democrats, including 4 from committee, vow to block bill unless AML, national security gaps are fixed
đčWhite House denies conflict, says Trump's assets are in a trust, calls for bipartisan support
đčWarren, Merkley cite UAEâBinance deal using USD1, urge ethics probe over possible bribery, emoluments violations
đčWarren: âBiggest corruption scandal in modern history unfolding in plain sightâ
đčPush for strict safeguards, bans on officials profiting from crypto ventures
- Dow Jones Newswires /TradingView, May 7, 2025
Today, kamala harris signed the forms officially declaring our candidacy for President of the United States.#kamalaHarris #uselections #altsesaon #Republicans #democrats $BTC $ETH $SOL
Democrats Push for Stronger Crypto Regulations at Key Event
During the #Crypto4Harris event on August 14, Senate Majority Leader Chuck Schumer and other prominent #democrats advocated strongly for clearer cryptocurrency regulations and bipartisan support to shape the industryâs future.
Schumer underscored the need for effective crypto legislation and aimed to pass a comprehensive bill by the end of the year, drawing comparisons to the regulation of artificial intelligence. He warned that without proper oversight, the U.S. could lose its leadership position in the global crypto market.
Colorado Governor Jared Polis highlighted his stateâs innovative use of cryptocurrency for state services and expressed support for blockchain technology, noting Coloradoâs efforts to integrate it into more state functions.
Senator Debbie Stabenow shared her collaboration with Senator Kirsten Gillibrand on a regulatory bill designed to balance innovation with consumer protection. The bill would give the Commodity Futures Trading Commission (CFTC) authority to oversee crypto trading.
Congressman Adam Schiff emphasized the potential of cryptocurrencies for job creation and warned against pushing the industry overseas due to lack of regulation.
Anthony Scaramucci from SkyBridge Capital mentioned significant White House meetings organized by Congressman Ro Khanna on crypto.
The event showcased a clear Democratic effort to develop a regulatory framework that supports innovation while protecting consumers. Despite some skepticism from the crypto community, the push for thoughtful legislation represents a key moment for U.S. crypto policy.
#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn
Schumer underscored the need for effective crypto legislation and aimed to pass a comprehensive bill by the end of the year, drawing comparisons to the regulation of artificial intelligence. He warned that without proper oversight, the U.S. could lose its leadership position in the global crypto market.
Colorado Governor Jared Polis highlighted his stateâs innovative use of cryptocurrency for state services and expressed support for blockchain technology, noting Coloradoâs efforts to integrate it into more state functions.
Senator Debbie Stabenow shared her collaboration with Senator Kirsten Gillibrand on a regulatory bill designed to balance innovation with consumer protection. The bill would give the Commodity Futures Trading Commission (CFTC) authority to oversee crypto trading.
Congressman Adam Schiff emphasized the potential of cryptocurrencies for job creation and warned against pushing the industry overseas due to lack of regulation.
Anthony Scaramucci from SkyBridge Capital mentioned significant White House meetings organized by Congressman Ro Khanna on crypto.
The event showcased a clear Democratic effort to develop a regulatory framework that supports innovation while protecting consumers. Despite some skepticism from the crypto community, the push for thoughtful legislation represents a key moment for U.S. crypto policy.
#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn
đšLAST 12 HOURS CRYPTO UPDATEâ May 7 2025
#Robinhood Plans #Tokenized Securities Blockchain in Europe
đčRobinhood is building a blockchain network to let European investors trade US tokenized assets, per Bloomberg.
đčPartners in talks include Arbitrum and the Solana Foundation.
đčThis follows Robinhoodâs Lithuania brokerage license and its 2024 acquisition of Bitstamp.
Ethereum Activates â#Pectra â Upgrade
đčThe upgrade, live as of May 7, includes EIP-7702, 7251, and 7691.
đčSmart accounts, higher staking limits (2,048 ETH), and lower L2 fees are the main features.
đčAimed at boosting scalability and usability.
#Democrats Target Trumpâs Crypto Ventures
đčMEME Act would bar officials and family from profiting from memecoins and digital assets.
đčA subcommittee probe is also launched into Trumpâs TRUMP token and World Liberty Financial (WLFI).
đčBills face an uphill battle as Republicans control both houses.
$ETH
$TRUMP
#Robinhood Plans #Tokenized Securities Blockchain in Europe
đčRobinhood is building a blockchain network to let European investors trade US tokenized assets, per Bloomberg.
đčPartners in talks include Arbitrum and the Solana Foundation.
đčThis follows Robinhoodâs Lithuania brokerage license and its 2024 acquisition of Bitstamp.
Ethereum Activates â#Pectra â Upgrade
đčThe upgrade, live as of May 7, includes EIP-7702, 7251, and 7691.
đčSmart accounts, higher staking limits (2,048 ETH), and lower L2 fees are the main features.
đčAimed at boosting scalability and usability.
#Democrats Target Trumpâs Crypto Ventures
đčMEME Act would bar officials and family from profiting from memecoins and digital assets.
đčA subcommittee probe is also launched into Trumpâs TRUMP token and World Liberty Financial (WLFI).
đčBills face an uphill battle as Republicans control both houses.
$ETH
$TRUMP
đšHOUSE #DEMOCRATS MOVE TO BLOCK GOP-LED CRYPTO #BILL HEARING OVER TRUMP TIES
đčRep. Maxine Waters (D-CA) aims to halt a May 6 joint hearing on a crypto regulation bill unless it targets Trump-linked crypto interests.
đčThe bill, backed by Republicans, seeks to establish a U.S. crypto market structure and regulatory framework.
đčWaters plans a âshadow hearingâ to expose alleged conflicts between the Trump family and crypto businesses.
đč#Republicans push for neutral legislation, while Democrats cite ethical concerns.
đčThe Trump #family âs crypto ventures, including meme coin TRUMP and DeFi projects, are central to the clash.
$TRUMP
$BTC $ETH
đčRep. Maxine Waters (D-CA) aims to halt a May 6 joint hearing on a crypto regulation bill unless it targets Trump-linked crypto interests.
đčThe bill, backed by Republicans, seeks to establish a U.S. crypto market structure and regulatory framework.
đčWaters plans a âshadow hearingâ to expose alleged conflicts between the Trump family and crypto businesses.
đč#Republicans push for neutral legislation, while Democrats cite ethical concerns.
đčThe Trump #family âs crypto ventures, including meme coin TRUMP and DeFi projects, are central to the clash.
$TRUMP
$BTC $ETH
#democrats leading by 1.3%
Do voters want Republicans or Democrats in Congress?
An updating estimate of the generic congressional ballot, based on polls that ask people which party they would support in an election
Do voters want Republicans or Democrats in Congress?
An updating estimate of the generic congressional ballot, based on polls that ask people which party they would support in an election
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