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“It’s self-evident,” President Joe Biden told reporters on Wednesday. “You saw it all. He certainly supported an insurrection. No question about it. None. Zero.”

Biden was referring to the Colorado Supreme Court’s recent ruling that Donald Trump is disqualified from that state’s presidential primary ballot under Section 3 of the 14th Amendment, which was originally aimed at barring former Confederates from returning to public office after the Civil War. As relevant here, Section 3 says “no person shall…hold any office, civil or military, under the United States…who, having previously taken an oath…as an officer of the United States…to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same.”

Biden, whose reelection bid would get a big boost from Trump’s disqualification, takes it for granted that the January 6, 2021, riot at the U.S. Capitol qualified as an “insurrection” under the 14th Amendment, and he says there is “no question” that Trump “engaged in” that insurrection. But the Colorado Supreme Court’s reasoning on both of those crucial points is iffy, and I say that as someone who thought Trump richly deserved his second impeachment, which was provoked by his reckless behavior before and during the riot.

On its face, that impeachment supports the court’s decision, which was joined by four of seven justices. The article of impeachment, after all, charged Trump with “incitement of insurrection” and explicitly cited Section 3. But that debatable characterization was not necessary to show that Trump was guilty of “high crimes and misdemeanors.”

Trump’s misconduct included his refusal to accept Biden’s victory, his persistent peddling of his stolen-election fantasy, his pressure on state and federal officials to embrace that fantasy, the incendiary speech he delivered to his supporters before the riot, and his failure to intervene after a couple thousand of those supporters invaded the Capitol, interrupting the congressional ratification of the election results. All of that was more than enough to conclude that Trump had egregiously violated his oath to “faithfully execute” his office and to “preserve, protect and defend the Constitution.” It was more than enough to justify his conviction for high crimes and misdemeanors in the Senate, which would have prevented him from running for president again.

Achieving the same result under Section 3 of the 14th Amendment, by contrast, does require concluding that Trump “engaged in insurrection.” But in reaching that conclusion, the Colorado Supreme Court never actually defines insurrection.

“At oral argument,” the opinion notes, “President Trump’s counsel, while not providing a specific definition, argued that an insurrection is more than a riot but less than a rebellion. We agree that an insurrection falls along a spectrum of related conduct.” But the court does not offer “a specific definition” either: “It suffices for us to conclude that any definition of ‘insurrection’ for purposes of Section Three would encompass a concerted and public use of force or threat of force by a group of people to hinder or prevent the U.S. government from taking the actions necessary to accomplish a peaceful transfer of power in this country.”

That description suggests a level of intent and coordination that seems at odds with the chaotic reality of the Capitol riot. Some rioters were members of groups, such as the Oath Keepers and the Proud Boys, that thought the use of force was justified to keep Trump in office. But even in those cases, federal prosecutors had a hard time proving a specific conspiracy to “hinder or prevent the U.S. government from taking the actions necessary to accomplish a peaceful transfer of power” by interrupting the electoral vote tally on January 6. And the vast majority of rioters seem to have acted spontaneously, with no clear goal in mind other than expressing their outrage at an election outcome they believed was the product of massive fraud.

They believed that, of course, because that is what Trump told them. But to the extent that Trump bears moral and political responsibility for riling them up with his phony grievance (which he does), his culpability hinges on the assumption that the rioters acted impulsively and emotionally in the heat of the moment. That understanding is hard to reconcile with the Colorado Supreme Court’s premise that Trump’s hotheaded supporters acted in concert with the intent of forcibly preventing “a peaceful transfer of power.”

Nor is it clear that Trump “engaged in” the “insurrection” that the court perceives. After reviewing dictionary definitions and the views of Henry Stanbery, the U.S. attorney general when the 14th Amendment was debated, the majority concludes that “‘engaged in’ requires ‘an overt and voluntary act, done with the intent of aiding or furthering the common unlawful purpose.'”

Trump’s pre-riot speech was reckless because it was foreseeable that at least some people in his audience would be moved to go beyond peaceful protest. Some 2,000 of the 50,000 or so supporters he addressed that day (around 4 percent) participated in the assault on the Capitol. But that does not necessarily mean Trump intended that result. In concluding that he did, the court interprets Trump’s demand that his supporters “fight like hell” to “save our democracy” literally rather than figuratively. It also notes that he repeatedly urged them to march toward the Capitol. As the court sees it, that means Trump “literally exhorted his supporters to fight at the Capitol.”

The justices eventually concede that Trump, who never explicitly called for violence, said his supporters would be “marching to the Capitol building to peacefully and patriotically make your voices heard.” But they discount that phrasing as cover for Trump’s actual intent. Given Trump’s emphasis on the necessity of “fight[ing] like hell” to avert the disaster that would result if Biden were allowed to take office, they say, the implicit message was that the use of force was justified. In support of that conclusion, the court cites Chapman University sociologist Peter Simi, who testified that “Trump’s speech took place in the context of a pattern of Trump’s knowing ‘encouragement and promotion of violence,'” which he accomplished by “develop[ing] and deploy[ing] a shared coded language with his violent supporters.”

That seems like a pretty speculative basis for concluding that Trump intentionally encouraged his supporters to attack the Capitol. Given what we know about Trump, it is perfectly plausible that, unlike any reasonably prudent person, he was heedless of the danger that his words posed in this context. It is harder to believe that he cleverly developed a “coded language” that he knew some of his supporters would understand as a call to violence.

Nor is it clear how the violence that Trump allegedly intended was supposed to benefit him. There was no realistic prospect that it would actually stop Biden from taking office, and in the end it did no more than delay completion of the electoral vote count. Meanwhile, it alienated former Trump allies (albeit only briefly in some cases), led to his second impeachment, and left an ineradicable stain on his presidency.

The Colorado Supreme Court’s belief that Trump intentionally caused a riot also figures in its rejection of his argument that his January 6 speech was protected by the First Amendment. The relevant standard here comes from the U.S. Supreme Court’s 1969 decision in Brandenburg v. Ohio, which involved a Klansman who was convicted of promoting terrorism and criminal syndicalism. Under Brandenburg, even advocacy of illegal conduct is constitutionally protected unless it is both “directed” at inciting “imminent lawless action” and “likely” to do so.

The Colorado Supreme Court quotes the 6th Circuit’s elucidation of that test in the 2015 case Bible Believers v. Wayne County: “The Brandenburg test precludes speech from being sanctioned as incitement to riot unless (1) the speech explicitly or implicitly encouraged the use of violence or lawless action, (2) the speaker intends that his speech will result in the use of violence or lawless action, and (3) the imminent use of violence or lawless action is the likely result of his speech.”

It is hard to deny that Trump’s speech satisfies the third prong, which is why it provoked so much well-deserved criticism and rightly figured in his impeachment. But what about the other two prongs?

Applying the first prong, the court cites “the general atmosphere of political violence that President Trump created before January 6” as well as the “coded language” of his speech that day. As evidence of the “specific intent” required by the second prong, it notes that “federal agencies that President Trump oversaw identified threats of violence ahead of January 6.” It also cites what it takes to be the implicit message of Trump’s speech and his reluctance to intervene after the riot started.

“President Trump intended that his speech would result in the use of violence or lawless action on January 6 to prevent the peaceful transfer of power,” the court says. “Despite his knowledge of the anger that he had instigated, his calls to arms, his awareness of the threats of violence that had been made leading up to January 6, and the obvious fact that many in the crowd were angry and armed, President Trump told his riled-up supporters to walk down to the Capitol and fight. He then stood back and let the fighting happen, despite having the ability and authority to stop it (with his words or by calling in the military), thereby confirming that this violence was what he intended.”

All of this evidence is consistent with recklessness and dereliction of duty. But it falls short of proving that Trump deliberately “encouraged the use of violence” or that he had a “specific intent” to cause a riot, let alone that he thereby “engaged in insurrection.”

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Toyota’s new EV is getting an off-road upgrade: Here’s our first look at the bZ Woodland

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Toyota's new EV is getting an off-road upgrade: Here's our first look at the bZ Woodland

It’s bigger, more powerful, and built for on and off-road adventures. Toyota’s new electric SUV is getting an upgraded Woodland edition with 375 hp, added ground clearance, and a host of other outdoor-ready features. Here’s our first look at the Toyota bZ Woodland EV.

Check out the new 2026 Toyota bZ Woodland EV

Toyota is finally stepping it up. After introducing its new bZ electric SUV earlier this week, the refreshed version of the “bZ4X,” Toyota unveiled a more powerful, off-road Woodland model on Thursday.

Unlike the bZ, the Woodland model has standard all-wheel drive (AWD). Powered by dual electric motors, Toyota’s rugged new EV packs 375 hp, or 37 hp more than the AWD version of the bZ electric SUV (338 hp).

It also offers added capability, with up to 3,500 lb towing capacity, 8.3″ of ground clearance, and available All-Terrain tires.

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Although the bZ Woodland features Toyota’s new “hammerhead front end” with a full-length LED light bar, it adds a twist with black overfenders and a wide, powerful stance.

The outdoor-focused electric SUV is nearly 6″ longer, opening up an extra 30 cubic feet of cargo space. It also gains a standard roof rack and 18″ aluminum wheels.

Toyota-bZ-Woodland-EV
2026 Toyota Woodland electric SUV (Source: Toyota)

Powered by a 74.7 kWh battery, Toyota expects the bZ Woodland to have a driving range of up to 260 miles. Like the bZ, it will also have a native NACS charging port to access Tesla Superchargers. Using DC fast charging, the electric SUV can recharge from 10% to 80% in roughly 30 minutes.

Other added features, including battery pre-conditioning and Plug & Charge capabilities, improve charging performance while making it easy to find and navigate to stations.

Toyota-bZ-Woodland-EV-interior
2026 Toyota Woodland electric SUV interior (Source: Toyota)

The interior looks about the same as Toyota’s other EV models, with a 14-inch infotainment and driver display screens. Toyota’s Audio Multimedia system powers the infotainment and supports standard Apple CarPlay and Android Auto capabilities.

All bZ Woodland models will have heated SofTex®-trimmed seats for the driver and front passenger and a choice of Stone Brown or Black coloring.

Upgrading to the bZ Woodland Premium package gains a premium JBL Audio System, panoramic roof, ventilated front seats, and a front radiant heater.

The bZ Woodland is Toyota’s third EV to launch in the US, joining the new 2026 C-HR and bZ electric SUVs. It’s expected to arrive at dealerships in early 2026. Toyota will reveal prices closer to launch, but the upgraded off-road Woodland model is expected to start a bit higher at around $50,000. Check back soon for official prices.

Would you buy Toyota’s rugged new electric SUV for around $50,000? You’ll have the chance soon. Drop us a comment below and let us know your thoughts.

FTC: We use income earning auto affiliate links. More.

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Wintermute opens New York office, citing improved US crypto rules

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Wintermute opens New York office, citing improved US crypto rules

Wintermute opens New York office, citing improved US crypto rules

Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US.

Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy.

“As the US takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” the company wrote in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.”

Wintermute opens New York office, citing improved US crypto rules
Source: Wintermute

“We’re eager to continue our growth and play an integral role in the U.S. market,” according to Evgeny Gaevoy, CEO of Wintermute. “As a neutral player with deep expertise in all areas of digital assets, we believe we are well-positioned to lend our expertise on Capitol Hill.”

As part of the firm’s expansion, Wintermute has appointed Ron Hammond as its new head of policy and advocacy, who brings “ten years of experience shaping crypto policy on Capitol Hill,” the company also announced. 

Hammond was previously the senior director of government relations and institutional engagement at the Blockchain Association and the policy lead for US Representative Warren Davidson. 

Hammond also authored the Token Taxonomy Act of 2021, the first bipartisan-supported crypto regulatory bill in the US.

Related: Coinbase faces $400M bill after insider phishing attack

Increasingly more crypto firms have expanded into the US since President Donald Trump took office on Jan. 20 after winning the 2024 presidential election.

During his campaign, Trump signaled that his administration intends to make crypto policy a national priority, bolstering expectations for more innovation-friendly crypto regulations for the next four years.

At least eight large crypto firms have announced their expansion in the US so far this year, banking on growing regulatory clarity. These include Binance.US, eToro, OKX exchange, Nexo, Circle, Crypto.com and a16z, Cointelegraph reported on May 11.

Related: Stablecoins seen as ideal fit for real-time collateral management

Wintermute met with SEC Crypto Task Force

Wintermute said it aims to contribute to the emerging regulatory framework in the US.

“We’ve already met with the SEC Crypto Task Force and will continue offering technical input and contributing to key legislative efforts,” the company said, adding that these are “essential for continued institutional participation.” 

Meanwhile, crypto industry participants await progress on the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.

The STABLE Act passed the House Financial Services Committee in a 32–17 vote on April 2 and currently awaits scheduling for debate and a floor vote in the House of Representatives.

However, a second piece of key stablecoin legislation, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, initially failed to garner enough support from Democrats on May 8, prompting at least 60 top crypto founders to gather in Washington, DC, to show support.

Despite the stalled stablecoin legislation, “momentum toward regulatory clarity remains active in both chambers,” Nexo dispatch analyst Iliya Kalchev told Cointelegraph.

Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

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Tether blacklist delay allowed $78M in illicit USDT transfers: Report

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Tether blacklist delay allowed M in illicit USDT transfers: Report

Tether blacklist delay allowed M in illicit USDT transfers: Report

A lag in Tether’s wallet blacklisting process allowed over $78 million in illicit funds to be moved before enforcement actions took effect, according to a new report from blockchain compliance company AMLBot.

Tether’s address blacklisting becomes effective only after a considerable delay from when the process is initiated on Ethereum and Tron, according the report published May 15.

“This delay originates from Tether’s multisignature contract setup on both Tron and Ethereum, transforming what should be an immediate compliance action into a window of opportunity for illicit actors,“ the report reads.

Tether’s blacklisting procedure is a multi-step process with a first transaction effectively warning of the upcoming blacklisting. First, a Tether administrator multisignature transaction submits a pending call to “addBlackList” on the USDT-TRC20 contract.

This results in a public “submission” of the target address as a blacklist candidate. This is followed by a second multisignature transaction confirming the submission, resulting in an “AddedBlackList” emission, making the blacklisting effective.

Related: Tether, Tron and TRM Labs jointly froze $126M USDT in 2024

A warning on incoming blacklisting

In one example shared with Cointelegraph, an onchain transaction submitting a Tron address as a blacklist candidate took place at 11:10:12 UTC. The second transaction that actually enforced the action did not occur until 11:54:51 UTC on the same day, a 44-minute delay.

In practice, this delay can be treated by owners of USDt about to be blacklisted as a notice to move their assets to avoid them being frozen. The report stated:

“This delay between a freeze request and its on-chain execution creates a critical attack window, allowing malicious actors to front-run enforcement and move or launder funds before the freeze takes effect.“

Tether blacklist delay allowed $78M in illicit USDT transfers: Report
Example of USDt blacklisting transactions. Source: AMLBot

The report says that “for blockchain-savvy attackers, these delays are golden.” By tracking Tether’s calls in real time, a fraudster can be instantly alerted that their address is being targeted. When asked by Cointelegraph whether the delay is a technical limitation or just a delay in the actions of a multisignature wallet key holder, AMLBot researchers said that they cannot determine it without knowledge of Tether’s internal procedures.

In a statement to Cointelegraph, a Tether spokesperson explained that “while any delay in enforcement should be examined, the idea that this represents a systemic loophole is both misleading and lacking perspective.” According to the company, it collaborates with Law Enforcement to freeze addresses on a daily basis.” The statement continues:

“Tether operates on public blockchains, where all activity is visible — unlike fiat currencies that move in secret through traditional banks. This transparency allows Tether, in collaboration with over 255 law enforcement agencies across 55 countries, to track, trace, and freeze illicit funds faster than most realize.“

Tether representatives also cited one case when they were able to freeze 106,000 USDT tied to the ByBit hack, whereas Circle took much longer to freeze 115,000 USD Coin (USDC). The discrepancy was pointed out by pseudonymous sleuth ZachXBT in an X post answering the Circle CEO CEO Jeremy Allaire.

Tether’s spokesperson explained that “the delay cited in the report stems from our multi-signature governance model, designed to prevent unilateral freezes and protect the integrity of our system.” They admit that this introduces a delay, “but it’s a trade-off for responsible responsiveness to a $100+ billion ecosystem” and improvements are on the way:

“We are actively refining this process to work to eliminate any potential advantage for bad actors. If you think you can use Tether to move illicit funds, think again.“

Related: Tether stablecoin issuer and Tron launch financial crime unit

Not just theoretical

AMLBot said its data shows that over $28.5 million in USDT was withdrawn during the delay between the two transactions on the Ethereum blockchain. This amount of freeze avoidance occurred between Nov. 28, 2017, and May 12, 2025. The average amount moved during the delay exceeded $365,000.

Similarly, $49.6 million was reportedly withdrawn during freeze delay windows on the Tron blockchain, resulting in a total on Ethereum and Tron of $78.1 million. Exploiting this delay on Tron is not particularly rare, according to AMLBot:

“170 out of 3,480 wallets (4.88%) on Tron blockchain exploited the lag before getting blacklisted. Each of these wallets made 2–3 transfers during the delay, withdrawing: Average: $291,970.“

A Tether spokesperson told Cointelegraph that “the $76 million referenced in this report should be put in context of the more than $2.7 billion in USD₮ that Tether has successfully frozen and blocked to date.” They added

Tether has previously promoted its ability to freeze assets as a compliance feature. In 2024, Tether, Tron, and analytics firm TRM Labs cooperated to freeze over $126 million in USDT linked to illicit activity.

Still, the AMLBot report raises questions about the effectiveness and speed of those enforcement actions.

Magazine: Chinese Tether laundromat, Bhutan enjoys recent Bitcoin boost: Asia Express

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