After a multiyear investigation into Hunter Biden, prosecutors could be close to sharing any possible results with the public and whether the president’s son will face any criminal charges.
The Washington Post reported Wednesday that people familiar with the matter said prosecutors are close to a decision on whether to charge Biden with possible tax-related and gun-related legal violations.
The news came after his legal team reportedly met with the Justice Department (DOJ) to discuss possible charges that Biden might be facing.
Biden first announced in December 2020 that the U.S. attorney’s office in Delaware was investigating his tax affairs after being a regular target of attacks from former President Trump during the 2020 presidential election campaign.
Trump primarily targeted the now-president’s son over his membership on a board for a Ukrainian energy company while Joe Biden was serving as vice president during the Obama administration.
Hunter Biden has acknowledged that he had “poor judgment” in taking the role because it put his father in a position to be attacked, but he emphasized that he did not commit any wrongdoing.
Trump and his allies have called for Hunter Biden to face charges and accused the president of being involved in his son’s business affairs but have not presented evidence of that.
Trump’s push for the older and younger Biden to face charges led him to make a phone call to Ukrainian President Volodymyr Zelensky in 2019, in which he threatened to cut off aid if Ukrainian authorities did not launch an investigation. Trump was impeached by the House over the call but acquitted by the Senate.
Multiple reports indicate that Biden has been under investigation for his foreign business dealings, specifically income he received from the Ukrainian company and operations in China.
The Post reported in October that prosecutors believed they had enough evidence to charge Biden with tax crimes. They also reportedly had evidence of him falsifying paperwork for a gun purchase that he made in 2018.
David Weiss, the U.S. attorney in Delaware and a Trump appointee, would ultimately make the decision about whether to file charges.
President Biden said in response to the reports that enough evidence existed for Hunter to face charges that he has “great confidence in my son.”
“I love him, and he’s on the straight and narrow, and he has been for a couple years now. And I’m just so proud of him,” he said.
Biden has vowed to allow the DOJ to conduct its investigation without any outside interference, and the White House has repeatedly referred questions about the investigation to the DOJ.
But the Biden administration was accused of mishandling the investigation in recent weeks. An attorney for a possible whistleblower who is a supervisor for the Internal Revenue Service sent Congress a letter late last month that they have evidence contradicting sworn statements that a top appointee gave to Congress.
It alleges that the administration has allowed clear conflicts of interest to affect the investigation and notes instances of politics impacting decisions in the case. Clarence Thomas’s problems multiply at Supreme Court Conservatives criticize liberal Supreme Court justices for ethics issues
The White House reiterated in response that the investigation would be handled independently by the DOJ and noted that Weiss was appointed by Trump.
House Oversight Committee Chairman James Comer (R-Ky.) subpoenaed the FBI on Wednesday for a document that he says details an unspecified “alleged criminal scheme” involving Joe Biden when he was vice president. Comer and Sen. Chuck Grassley (R-Iowa), who jointly sent a letter to FBI Director Christopher Wray and Attorney General Merrick Garland, do not directly accuse Biden of participating in the scheme and describe it only in broad terms.
The White House rejected the idea, saying that congressional Republicans have for five years “been lobbing unfounded, unproven, politically-motivated attacks against the President and his family without offering evidence for their claims or evidence of decisions influenced by anything other than U.S. interests.”
Canada’s new prime minister, Mark Carney, once said recreating a virtual global gold standard like Bitcoin “would be a criminal act of monetary amnesia.”
AVONDALE, Ariz. — Christopher Bell became the first NASCAR Cup Series driver to win three straight races in the NextGen car, holding off Joe Gibbs Racing teammate Denny Hamlin by 0.049 seconds to win the second-closest race in Phoenix Raceway history Sunday.
Bell started 11th in the 312-mile race after winning at Atlanta and Circuit of America the previous two weeks. The JGR driver took the lead out of the pits on a caution and stayed out front on two late restarts to become the first driver to win three straight races since Kyle Larson in 2021.
The second restart led to some tense moments between Bell and Hamlin — enough to make their team owner feel a bit queasy.
“I was ready to upchuck,” JGR Racing owner Joe Gibbs said.
Bell became the fourth driver in Cup Series history to win three times in the first four races — and the first since Kevin Harvick in 2018. The last Cup Series driver to win four straight races was Jimmie Johnson in 2007.
“We’ve had four races this year, put ourselves in position in all four and managed to win three, which is a pretty remarkable batting average — something that will be hard to maintain, I believe,” Bell’s crew chief Adam Stevens said.
The Phoenix race was the first since Richmond last year to give teams two sets of option tires. The option red tires have much better grip, but start to fall off after about 35 laps, creating an added strategic element.
A handful of racers went to the red tires early — Joey Logano and Ryan Preece among them — and it paid off with runs to the lead before they fell back.
Bell was among those who had a set of red tires left for the final stretch and used it to his advantage, pulling away from Hamlin on a restart with 17 laps left.
Hamlin pulled alongside Bell over the final two laps after the last restart and the two bumped a couple of times before rounding into the final two turns. Bell barely stayed ahead of Hamlin, crossing the checkered flag with a wobble for his 12th career Cup Series win. He led 105 laps.
“It worked out about as opposite as I could have drawn it up in my head,” Bell said. “But the races that are contested like that, looking back, are the ones that mean the most to you.”
Said Hamlin: “I kind of had position on the 20, but I knew he was going to ship it in there. We just kind of ran out of race track there.”
Katherine Legge, who became the first woman to race on the Cup Series since Danica Patrick at the Daytona 500 seven years ago, didn’t get off to a great start and finished 30th.
Fighting a tight car, Legge got loose coming out of Turn 2 and spun her No. 78 Chevrolet, forcing her to make a pit stop. She dropped to the back of the field and had a hard time making up ground before bumping another car and spinning again on Lap 215, taking out Daniel Suarez with her.
“We made some changes to the car overnight and they were awful,” Legge said. “I was just hanging on to it.”
Logano, who started on the front row in his first race at Phoenix Raceway since capturing his third Cup Series at the track last fall, fell to the back of the field after a mistake on an early restart.
Trying to get a jump on Byron, Logano barely dipped his No. 22 Ford below the yellow line at the start/finish. NASCAR officials reviewed the restart and forced the Team Penske driver to take a pass through on pit road as the entire field passed him on the track.
“No way,” Logano said on his radio. “That’s freakin’ ridiculous.”
Logano twice surged to the lead after switching to the red tires, but started falling back on the primary tires following a restart. He finished 13th.
Preece took an early gamble by going to the red option tires and it paid off with a run from 33rd to third. The RFK Racing driver dropped back as the tires wore off, but went red again following a caution with about 90 laps left and surged into the lead.
Preece went back to the primary tires with 42 laps to go and started dropping back, finishing 15th.
The series heads to Las Vegas Motor Speedway next weekend.
Bitcoin fell on Monday as volatility in the price of the world’s largest cryptocurrency continues following an executive order signed by President Donald Trump to create a strategic bitcoin reserve for the United States.
Bitcoin was trading at $81,712, down over 5% but off earlier lows, at 9:42 a.m. Singapore time, according to Coin Metrics.
The reserve will be funded by coins that have been seized in criminal and civil forfeiture cases and there are no plans for the U.S. government to buy more bitcoin. After the strategic reserve announcement last Thursday, crypto prices declined as investors were disappointed it wasn’t a more aggressive program.
Other cryptocurrency prices also dropped on Monday. Both ether and XRP were down about 7.5% at around 9:43 a.m. Singapore time.
Some investors, however, said the move to establish a reserve was bullish in the long-term.
“I absolutely think the market has this wrong,” Matt Hougan, chief investment officer at Bitwise Asset Management, told CNBC’s “Squawk Box Asia” on Monday. “The market is short-term disappointed” that the government didn’t say it was immediately going to start acquiring 100,000 or 200,000 bitcoin, he added.
Hougan pointed towards comments on X from White House Crypto and AI Czar David Sacks, who said the U.S. would look for “budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.”
“I think the right question to ask is: did this executive order make it more likely that in the future, bitcoin will be a geopolitically important currency or asset? Will other governments look to follow the U.S.’s lead and build their own strategic reserve? And to me, the answer to that is emphatically yes,” Hougan said.
“The reason that questions matters is that’s the question that determines if bitcoin is $80,000 a coin or $1 million a coin.”
Hougan called the decline in crypto prices a “short-term setback.”
“I think the market will soon find its footing and realize that actually this is incredibly bullish long term for this asset and for crypto as a whole,” he said.
