US Top News and Analysis | Trump picks housing Dir. Bill Pulte as acting intelligence chief, replacing Tulsi Gabbard

AI generated summary, Read the full article for complete information.

President Donald Trump announced that Bill Pulte, the head of the Federal Housing Finance Agency and chairman of Fannie Mae and Freddie Mac, will serve as acting director of national intelligence, replacing Tulsi Gabbard, who will step down on June 30. Pulte, who has no prior intelligence‑community experience, will retain his FHFA duties while Trump praised his “deep experience managing the most sensitive matters in America, the safety and soundness of the markets, and over $10 trillion at Fannie Mae/Freddie Mac.” The White House has not clarified when Pulte’s tenure will begin or whether Principal Deputy Director Aaron Lukas will remain in his current role. Pulte is known for controversial actions, including filing criminal referrals against Federal Reserve Governor Lisa Cook and New York Attorney General Letitia James for alleged mortgage‑related wrongdoing, moves that have drawn criticism and legal challenges.

Read more: https://www.cnbc.com/2026/06/02/intelligence-trump-bill-pulte-tulsi-gabbard.html

#DonaldTrump #BillPulte #TulsiGabbard #AaronLukas #FHFA #LisaCook #LetitiaJames #LindseyHalligan

US Top News and Analysis | Gemini sets sights on derivatives expansion after winning key U.S. regulatory approval

AI generated summary, Read the full article for complete information.

Gemini has received approval from the U.S. Commodity Futures Trading Commission to operate its own regulated derivatives clearinghouse, allowing the crypto exchange to clear and settle trades in‑house and giving it greater control as it expands into prediction markets and perpetual futures. Co‑founder Cameron Winklevoss said owning the full marketplace “is powerful,” enabling faster, more responsive products and positioning prediction markets as a potential long‑term growth engine comparable to traditional capital markets. The clearance comes amid a lawsuit by New York’s attorney general over the classification of Gemini’s prediction‑market products and follows a steep post‑IPO decline that has seen the stock tumble from its debut high, prompting investor scrutiny over losses, executive turnover and a strategic shift toward AI‑driven trading and broader asset offerings such as equities. Industry peers like Robinhood and Coinbase are also moving into prediction markets, highlighting a sector‑wide push toward derivatives that can provide steadier revenue than spot crypto trading.

Read more: https://www.cnbc.com/2026/04/30/gemini-sets-sights-on-derivatives-expansion-after-winning-key-us-regulatory-approval.html

#Gemini #CFTC #CameronWinklevoss #LetitiaJames

US Top News and Analysis | New York sues Coinbase, Gemini Titan; calls their prediction markets illegal gambling

AI generated summary, Read the full article for complete information.

New York Attorney General Letitia James sued Coinbase Financial Markets and Gemini Titan, alleging that their prediction‑market platforms operate without the required New York State Gaming Commission license and thus violate state gambling laws because users bet on outcomes such as sports events and elections—activities the state defines as games of chance. The complaint also says the firms allow 18‑ to 20‑year‑olds to wager, contrary to the legal minimum age of 21 for mobile sports betting. James is seeking repayment of illegal profits, civil fines equal to three times those profits, restitution for customers, a ban on under‑21 wagering, and a prohibition on marketing the platforms on college campuses.

Read more: https://www.cnbc.com/2026/04/21/new-york-sues-coinbase-gemini-titan-calls-their-prediction-markets-illegal-gambling.html

#LetitiaJames #Coinbase #GeminiTitan #GamingCommission #Manhattancourt #

AI generated summary, Read the full article for complete information.

Nexstar Decries $6.2B Tegna Deal Being Blocked By Judge, Vows Appeal
#Legal #News #Politics #DonaldTrump #FCC #LetitiaJames #Nexstar #NexstarTegnaDeal #RobBonta #Tegna

https://deadline.com/2026/04/nexstar-responds-tegna-merger-blocked-1236864817/