Two U.S. presidential candidates have taken a firm stance against central bank digital currencies (CBDC). Donald Trump and Robert F. Kennedy Jr. have both declared their opposition to the U.S. adopting this form of currency.
What Happened: Kennedy Jr., exploring a bid as a Libertarian candidate, emphasized his commitment to financial autonomy online. He said, As president, I will end the efforts to move toward a CBDC. His remarks came as part of discussions with Dr. Joseph Mercola about the future of financial freedom.
Kennedy Jr., considering running as an independent to secure his place on ballots across the country, also indicated openness to accepting a Libertarian nomination on a CNN program hosted by Michael Smerconish. We have a really good relationship with the Libertarian Party, said Kennedy.
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Why It Matters: In a promise made last year, Kennedy Jr. pledged to protect cryptocurrencies like Bitcoin BTC/USD , allowing people to maintain personal wallets and to ensure transaction security. He warned against CBDCs as potential tools for surveillance and control, saying, While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs.
On the other hand, former President Trump, speaking at a rally last week, promised to prevent the federal government from controlling Americans finances through a CBDC, following advice from Vivek Ramaswamy, who has since endorsed Trump.
While both presidential hopefuls oppose CBDCs, the Trump campaigns senior adviser, Chris LaCivita, clarified that Kennedy Jr. is not being considered for vice president within their campaign.
Despite the CBDC debate, the Federal Reserve has not solidified plans for a digital dollar, as confirmed by Fed Chair Jerome Powell, indicating a decision is still years away.
Photo Courtesy: Shutterstock.com
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YouTuber-turned-boxer Jake Paul has defeated one of the greatest-ever fighters, former heavyweight world champion Mike Tyson, who’s more than twice his age.
The bout was won on a unanimous points decision at the AT&T Stadium in Arlington, Texas – home of the Dallas Cowboys and the biggest NFL stadium in the US.
The fight was already controversial but then arguably failed to live up to the hype. Boos were heard from the crowd in the final two rounds, after a perceived lack of action.
Boxing careers compared
This was not Paul’s first professional fight. The 27-year-old American YouTube star made his debut in 2020 with his most high-profile clash against Tyson Fury’s brother Tommy Fury last year, which he lost by a split decision.
The so-called “Problem Child” has since defeated former UFC contender Nate Diaz, professional boxer Andre August, former Gold Gloves champion Ryan Bourland and most recently MMA fighter Mike Perry.
In contrast, “Iron Mike” Tyson, 58, was ranked among the best heavyweight boxers of all time.
More on Jake Paul
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During his career, he knocked out 44 opponents – retiring from professional boxing in 2005 after defeat against Kevin McBride.
He returned to the ring in 2020 for a bout against fellow boxing icon Roy Jones, which ended in an unofficial draw.
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‘Someone’s getting put to sleep’
Earlier this week, Paul said he believed the bout would not go the distance. “No, someone’s getting put to sleep,” he said. “It’s going to be a war, and we’re both heavy hitters. It’s not going the full 16 minutes.”
Tyson was more reflective: “I’ve been through so many ups and downs since my last fight with Kevin McBride,” he said.
“I’ve been in rehab. I’ve been in prison, been locked up. Never in a million years did I believe I’d be doing this.”
Several states would not allow the bout to go ahead, and the Texas Athletic Commission only agreed to the fight if there were changes, due to Tyson’s age.
It limited the contest to eight rounds lasting a maximum of two minutes instead of three. Both boxers were also required to wear heavier gloves, designed to lessen the force of punches.
The fight was initially scheduled for 20 July, but was postponed when Tyson suffered an ulcer flareup.
Taylor defends title
Meanwhile, among the undercard fights, Irish boxer Katie Taylor successfully defended her super lightweight world title against Puerto Rico’s Amanda Serrano.
But it was tight. Taylor claimed the rematch 95-94 for all three judges in an epic battle.
The bout came two and a half years after the pair fought at Madison Square Garden, which Taylor won on a split decision.
Bout suffered from buffering
Earlier in the evening thousands of Netflix users in the US reported problems seeing the coverage, with some posting on social media about buffering.
At one point, more than 98,000 people had reported issues according to Downdetector, which tracks outages.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive Breaking News alerts on a smartphone or tablet via theSky News App. You can also follow@SkyNews on X or subscribe to ourYouTube channel to keep up with the latest news.
YouTuber-turned-boxer Jake Paul has defeated one of the greatest-ever fighters, former heavyweight world champion Mike Tyson, who’s more than twice his age.
The bout was won on a unanimous points decision at the AT&T Stadium in Arlington, Texas – home of the Dallas Cowboys and the biggest NFL stadium in the US.
The fight was already controversial but then arguably failed to live up to the hype. Boos were heard from the crowd in the final two rounds, after a perceived lack of action.
Boxing careers compared
This was not Paul’s first professional fight. The 27-year-old American YouTube star made his debut in 2020 with his most high-profile clash against Tyson Fury’s brother Tommy Fury last year, which he lost by a split decision.
The so-called “Problem Child” has since defeated former UFC contender Nate Diaz, professional boxer Andre August, former Gold Gloves champion Ryan Bourland and most recently MMA fighter Mike Perry.
In contrast, “Iron Mike” Tyson, 58, was ranked among the best heavyweight boxers of all time.
More on Jake Paul
Related Topics:
During his career, he knocked out 44 opponents – retiring from professional boxing in 2005 after defeat against Kevin McBride.
He returned to the ring in 2020 for a bout against fellow boxing icon Roy Jones, which ended in an unofficial draw.
Advertisement
‘Someone’s getting put to sleep’
Earlier this week, Paul said he believed the bout would not go the distance. “No, someone’s getting put to sleep,” he said. “It’s going to be a war, and we’re both heavy hitters. It’s not going the full 16 minutes.”
Tyson was more reflective: “I’ve been through so many ups and downs since my last fight with Kevin McBride,” he said.
“I’ve been in rehab. I’ve been in prison, been locked up. Never in a million years did I believe I’d be doing this.”
Several states would not allow the bout to go ahead, and the Texas Athletic Commission only agreed to the fight if there were changes, due to Tyson’s age.
It limited the contest to eight rounds lasting a maximum of two minutes instead of three. Both boxers were also required to wear heavier gloves, designed to lessen the force of punches.
The fight was initially scheduled for 20 July, but was postponed when Tyson suffered an ulcer flareup.
Taylor defends title
Meanwhile, among the undercard fights, Irish boxer Katie Taylor successfully defended her super lightweight world title against Puerto Rico’s Amanda Serrano.
But it was tight. Taylor claimed the rematch 95-94 for all three judges in an epic battle.
The bout came two and a half years after the pair fought at Madison Square Garden, which Taylor won on a split decision.
Bout suffered from buffering
Earlier in the evening thousands of Netflix users in the US reported problems seeing the coverage, with some posting on social media about buffering.
At one point, more than 98,000 people had reported issues according to Downdetector, which tracks outages.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive Breaking News alerts on a smartphone or tablet via theSky News App. You can also follow@SkyNews on X or subscribe to ourYouTube channel to keep up with the latest news.
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) “would simply result in a massive loss of credibility for OpenAI.”