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Rep. George Santos (R-N.Y.) is getting an icy reception from colleagues in the House GOP  even as he receives committee assignments and continues to serve his constituents on Long Island.

Rep. James Comer (R-Ky.) calls him a “bad guy;” Rep. Michael McCaul (R-Texas) describes him as an “imposter.” A handful of other House Republicans have called on him to resign, making it clear they are less than ecstatic to have him as a colleague.

Through the hostility, Santos is insisting he can still be an effective member of Congress, adding his name to co-sponsor legislation and posting that he visited a Hindu temple in his district. But in an institution built on relationships, the sizable scandals could close many avenues to legislative success.

“It’s their prerogative,” Santos told Rep. Matt Gaetz (R-Fla.) on former Trump administration adviser Steve Bannon’s “War Room” podcast last week when asked about calls for him to resign.

“I came here to serve the people, not politicians and party leaders, and I’m gonna do just that, and I’ve been doing just that throughout this entire first two weeks — whether it was voting for the Speaker or whether it’s been the last week where we’ve been working on legislation in my office.”

Measures that Santos has co-sponsored include a bill to impose term limits for members of Congress and a resolution to impeach Homeland Security Secretary Alejandro Mayorkas. He said his office is also working on constituent matters like securing White House tour tickets and hoping to find a way that federal authorities can address carjackings in his district.

The Santos controversy has drawn a divide within the House GOP conference, with some Republicans coming out against the freshman and others backing his continued service.

At least seven House Republicans have called on Santos to resign, five of whom are first-term lawmakers representing New York. One name notably missing from that list is Speaker Kevin McCarthy (R-Calif.), who has stopped short of calling on the congressman to step down despite his growing list of fabrications. House Republican Conference Chairwoman Elise Stefanik, the highest-ranking Republican in the New York delegation, has also declined to call on Santos to resign.

Last week, McCarthy said Santos deserved the opportunity to serve because he was elected by constituents of New York’s 3rd Congressional District.

“It’s the voters who made that decision. He has to answer to the voters and the voters to make another decision in two years,” McCarthy said, adding that “he will continue to serve.”

Comer, the chairman of the House Oversight and Accountability Committee, and McCaul, chairman of the House Foreign Affairs Committee, have echoed that sentiment even as they have lambasted Santos.

“Certainly, I don’t approve of how he made his way to Congress. And I haven’t even introduced myself to him, because it’s pretty despicable, the lies that he told,” Comer said on CNN’s “State of the Union” on Sunday. “But, at the end of the day, it’s not up to me or any other member of Congress to determine whether he could be kicked out for lying. Now, if he broke campaign finance laws, then he will be removed from Congress.”

The long list of Santos controversies ranges from him admitting to fabricating portions of his resume, to allegedly stealing thousands of dollars from a fundraiser for a cancerous dog (which Santos appeared to deny), to lingering questions about his campaign finances relating to his company. Local and federal investigators are reportedly looking into Santos’s finances, and he also faces multiple ethics complaints.

“I don’t know how he got through the process, being such an imposter. I don’t know why his opponent didn’t bring this out in the election. Or, quite frankly, why he wasn’t screened as a candidate better than he was,” McCaul said on CNN this week.

The first-year

congressman took a step towards legislating on Tuesday when he was recommended to sit on the House Small Business Committee and the House Science Space and Technology Committee, following speculation that he may not receive assignments at all. McCarthy initially said Santos should not serve on any top House committees, then later confirmed that he would receive assignments.

The two lower-level panels have jurisdiction over areas including the Small Business Administration and the National Weather Service. Republicans were reportedly concerned that not seating Santos on committees could set a precedent of punishing members who are facing scrutiny despite not being charged with crimes.

Lawmakers in the past have continued to sit on committees and serve in Congress even as they faced ethics issues and criminal investigation, though some have been stripped of committee assignments after indictments, controversial comments, or as punishment for going against party leadership.

Rep. Roger Williams (R-Texas), the incoming chairman of the Small Business Committee, took a similar stance as McCarthy after Santos was recommended to serve on his panel, pointing to the New Yorker’s November election.

“I don’t condone what he said, what he’s done. I don’t think anybody does. But that’s not my role. He was elected. He represents a million people,” Williams said of Santos to CNN.

Santos initially expressed interest in the Financial Services and House Foreign Affairs Committees, pointing to his “14-year background in capital markets” and his “multicultural background as a human being.” But the House GOP Steering Committee, which is made up of roughly 30 House leaders and elected regional representatives, recommended that he sit on the pair of lower-level panels — giving him some seats at the table, albeit not the ones he wanted.

Santos will also likely spend time engaging with the House Ethics Committee, after two New York Democrats formally asked the panel to open a probe into the congressman’s failure to file timely, accurate and complete financial disclosure reports.

The Ethics Committee has not commented on the request for an investigation. The panel is known for taking a long time to work through investigations and does not typically slap significant punishments on lawmakers who come under scrutiny.

Though the complaint was filed by Democrats, Republicans have expressed support for the ethics probe running its course. White House blasts Trump for calling to jail journalists who broke draft abortion decision All MARC trains canceled Friday morning after system outage

“George Santos represents over 700,000 people in New York, and whether people like that or not, those people deserve to have members of Congress collaborating with the person who serves them, whether that’s on financial issues or on public safety issues. And so George Santos will have to go through the congressional ethics process,” Gaetz told CNN’s “Smerconish” on Saturday. “I don’t want to prejudge that process, but I think he deserves the chance to at least make his case.”

“I don’t think that George Santos should be subject to shunning because the Americans he serves deserve representation and they have real challenges, and we ought to work together to solve their challenges and meet their needs,” he added.

Last week, McCarthy told reporters that “if there is a concern, and he has to go through the Ethics, let him move through that.”

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Argentine lawyer requests Interpol red notice for LIBRA creator: Report

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Argentine lawyer requests Interpol red notice for LIBRA creator: Report

Argentine lawyer requests Interpol red notice for LIBRA creator: Report

Argentine lawyer Gregorio Dalbon has reportedly asked for a global arrest warrant to be issued for Hayden Davis, the co-creator of the LIBRA token that caused a political scandal in the country.

Dalbon submitted a request to prosecutor Eduardo Taiano and judge María Servini, who are probing President Javier Milei’s involvement in the memecoin, seeking for an Interpol Red Notice to be issued for Davis, local outlets Página 12 and Perfil reported on March 11.

Dalbon said in the filing that there was a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.

“His central role in the creation and promotion of the $LIBRA cryptocurrency, coupled with the international impact of the case, increases the likelihood that he will take steps to evade justice,” the document reportedly stated.

Dalbon, who represented former Argentine president Cristina Fernández de Kirchner in her corruption case, asked for Davis’ arrest and for “an Interpol red notice [to] be issued in order to locate and arrest him, with a view to his extradition.”

Interpol is the biggest international police organization and can issue Red Notices that request law enforcement agencies around the world to locate and provisionally arrest someone.

LIBRA is a token that Milei shared across his social media accounts just minutes after its creation on Feb. 14, which catapulted it to a peak value of over $4 billion. The token’s creators held most of the supply and quickly sold their holdings, which caused the token’s price to crash, with many claiming the token was a pump-and-dump scheme.

Argentine lawyer requests Interpol red notice for LIBRA creator: Report

Hayden Davis (left) poses with Argentine President Javier Milei. Source: Javier Milei

Days later, various lawyers reportedly filed fraud charges against Milei in an Argentine criminal court for promoting the token, while other lawyers reported the president for financial crimes to local authorities and to the US Justice Department.

Related: Memecoins are likely dead for now, but they’ll be back: CoinGecko 

Milei has claimed he didn’t “promote” the LIBRA token and insisted he just “spread the word” about it. 

In a lengthy interview days after LIBRA’s collapse with YouTuber Stephen Findeisen, better known as “Coffeezilla,” Davis defended the token as a failure rather than a scam.

Davis and his firm, Kelsier Ventures, were the biggest winners from the LIBRA token launch. He claimed to Findeisen that he netted around $100 million but said he didn’t own the tokens and wouldn’t be selling them.

It was later reported that he sent a text message bragging about being able to pay Milei’s sister, Karina Milei, to have the president share the memecoin’s details on X. Davis later said he had no record of this on his phone and denied making payments to the Mileis.

Magazine: Influencers shilling memecoin scams face severe legal consequences 

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Ripple secures Dubai license to offer crypto payments in UAE

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Ripple secures Dubai license to offer crypto payments in UAE

Ripple secures Dubai license to offer crypto payments in UAE

Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).

The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone with its own tax policies and regulatory framework.

The announcement came almost six months after the company announced its receipt of an in-principle approval of the DFSA license. On Oct. 1, 2024, Ripple revealed that it was working to become licensed by the DFSA as it aimed to roll out its digital asset infrastructure in the UAE. 

Enabling blockchain-based global payments for UAE businesses

With this license, Ripple can now provide its global blockchain-based payment solutions to businesses across the UAE. The company said this allows it to cater to financial institutions looking for partners to help them use digital assets in real-world applications. 

In a news release sent to Cointelegraph, Ripple CEO Brad Garlinghouse said the UAE is “well-placed” to benefit from tech and crypto innovation, thanks to its early leadership and supportive environment:

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”

Ripple also reported that it had seen increased demand across the Middle East for cross-border payments. The company said the demand was not limited to crypto-native firms but also came from traditional financial institutions. 

Related: UAE to introduce legal framework for DAOs

Ripple becomes the first crypto payment provider in the DIFC

With DFSA approval, Ripple has become the first blockchain-enabled payments provider to operate within DIFC’s free zone, according to DIFC CEO Arif Amiri.

”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC,” he said.

The license allows Ripple to tap into opportunities in the UAE and the broader MENA region, he added.

Magazine: The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of Flame

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Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

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Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

The governor of Nebraska, Jim Pillen, has signed legislation to protect against cryptocurrency fraud as crypto ATM crime skyrockets in the United States.

“Cryptocurrency is an important, emerging industry, and we’ve been working hard to build Nebraska into a cryptocurrency leader,” said Governor Pillen on March 12 following the signing of the bill. 

“An important part of these efforts is to make sure that we have guardrails to prevent criminals from taking advantage of Nebraskans,” he added.  

The bipartisan legislation establishes the “Controllable Electronic Record Fraud Prevention Act,” which is designed to help combat fraud and protect users of crypto kiosks and ATMs.

Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

Source: Jim Pillen

According to the Federal Trade Commission, victims have lost over $65 million to crypto ATM fraud in the first half of 2024. “Fraud losses at BTMs (Bitcoin ATMs) are skyrocketing, increasing nearly tenfold from 2020 to 2023,” the commission reported in September. 

The bill, LB 609, was introduced on Jan. 22 by Senator Eliot Bostar. It stipulates that crypto ATM and kiosk operators must be licensed under Nebraska’s Money Transmitters Act and registered and approved by the Department of Banking and Finance. Operators must provide quarterly reports on kiosk locations, names and transaction data.

It also implements transaction limits of $2,000 per day for new users and $5,000 per day for existing customers, and fees cannot exceed 18% of the transaction value. 

New customers who report fraud within 90 days can receive a full refund including fees, while existing customers can be refunded for the fees associated with fraudulent transactions.

Kiosk operators must also display fraud warnings and appoint a compliance officer to enforce fraud prevention measures, it states. 

The US crypto ATM network shrunk by more than 1,200 machines earlier this month after Illinois Senator Dick Durbin introduced similar legislation

Related: Nebraska bill seeks fair play for crypto mining, ownership 

“Nebraska is open for business in the cryptocurrency space,” commented state Department of Banking director Kelly Lammers, who added, “those that target our citizens … using crypto ATMs as part of their transfer method, we will soon have a team that will be watching even more closely.”

While being supportive of crypto, Nebraska has yet to join the 21 US states that have proposed legislation to establish strategic crypto reserves, according to the Bitcoin Reserve Monitor. 

Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express

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