US Senate passes stablecoin bill in milestone victory for crypto sector

In a turning point for the digital asset sector, the US Senate approved a bill to establish a regulatory framework for the US-dollar-pegged cryptocurrency tokens known as stablecoins.

The GENIUS Act, which was nicknamed after Democrats and Republicans, was supported by a number of Democrats on Tuesday. It passed 68-30. Before it is submitted to President Donald Trump’s desk for approval, the House of Representatives, which is led by Republicans, must pass its version of the legislation.

Stablecoins, a type of cryptocurrency that maintains a constant value, typically a 1: 1 dollar peg, are frequently used by crypto traders to transfer funds between tokens. They are increasingly popular, and supporters claim they could be used to send payments right away.

The stablecoin bill would require issuers to publicly disclose the composition of their reserves each month and require tokens to be backed by liquid assets like US dollars and short-term Treasury bills.

Andrew Olmem, a managing partner at Mayer Brown and former National Economic Council deputy director, referred to it as “a major milestone” during Trump’s first term.

For the first time, it establishes a regulatory framework for stablecoins, a rapidly expanding financial sector, and industry.

A clear framework, according to the crypto industry, could make stablecoins more widely used, as it has long been a stance of the crypto industry for lawmakers to pass legislation establishing regulations for digital assets. The sector tried to portray the issue as bipartisan after spending more than $ 119 million supporting pro-crypto candidates in the previous year’s elections.

A stablecoin bill was passed last year in the House, but it was abandoned by the Senate, where Democrats had a majority at the time.

Inter-relationships are at stake

After being drawn in by the sector during his presidential campaign, Trump has attempted to radically alter US cryptocurrency laws.

The White House wants a stablecoin bill to be passed before August, according to Bo Hines, who is in charge of Trump’s Council of Advisers on Digital Assets.

As Democrats become more and more angry with Trump and his family members promoting their personal crypto projects, tensions on Capitol Hill have escalated to threaten to derail the digital asset sector’s hope of legislation this year.

According to Bartlett Naylor, a consumer rights advocate for Public Citizen, “Selectors forfeited their opportunity to confront Trump’s crypto grift, which is the largest, most flagrant corruption in presidential history,” in advance of these bills.

Trump’s crypto ventures include World Liberty Financial, a meme coin he coined in January, and a crypto company he partly owns.

Trump’s assets are in a trust that his children run, according to the White House, and there are no conflicts of interest.

Other Democrats argued that the bill needed stronger anti-money laundering laws and prohibitions on foreign stablecoin issuers, and that it would not stop Big Tech companies from issuing their own private stablecoins.

In remarks made on the Senate floor in May, Senator Elizabeth Warren, a Democrat, said that “a bill that turbocharges the stablecoin market is worse than no bill at all while facilitating the president’s corruption and undermining national security, financial stability, and consumer protection.”

In the House, the bill might need to be changed.

The Conference of State Bank Supervisors called for “critical changes” to be made to lessen risks of financial stability in a statement.

Ex-Argentinian President Cristina Fernandez de Kirchner given house arrest

Cristina Fernandez de Kirchner, a former president of Argentina, was placed on house arrest while serving her six-year sentence on corruption charges.

The court decided on Tuesday that the 72-year-old Fernandez’s placement on house arrest was appropriate given her political figure’s age and popularity.

The popular left-wing leader was attacked by a gunman at her head just three years ago, in 2022, in an assassination attempt. In its decision, the court cited these risks and claimed Fernandez’s safety “would become complicated if he was confined to a prison environment in coexistence with any type of prison population.”

Courts in Argentina frequently grant house arrest to people of advanced age as well.

The court ordered that the former president’s house arrest begin right away. Additionally, it stated that electronic monitoring would be done on her. She will spend the rest of her time in her Buenos Aires apartment, which she lives in with her granddaughter and daughter.

According to the court, Fernandez “must remain at the registered address,” which she is only required to fulfill in exceptional circumstances. The court will have to check out any prospective residents of the apartment, aside from household staff, healthcare workers, and other approved individuals.

Cristina Fernandez de Kirchner’s supporters gather near her home on June 17, 2025.

Following last week’s ruling that the former president had to be imprisoned, Argentina’s Supreme Court upheld her conviction and forbid her from ever running for office again.

In 2022, she was found guilty of obtaining beneficial contracts through Lazaro Baez, a close family member. According to the prosecution, Baez’ contracts had rates that were 20% higher than the industry’s, potentially generating millions of dollars.

Her political career has been plagued by other scandals, including allegations of bribery and money laundering. The judicial system of Argentina still weighs some of those cases.

However, Fernandez has dismissed the accusations against her as political attacks. Prior to the ban on her candidacy, she had been preparing to run in this year’s legislative elections.

After succeeding her husband, the late Nestor Kirchner, Fernandez became Argentina’s president in 2007 and 2015.

Four years after leaving the “Pink House” of the presidency, Fernandez, resigned as vice president of another left-wing politician, Alberto Fernandez.

Both Fernandez and Alberto Fernandez, who do not share a familial relationship, were subject to severe criticism for managing Argentina’s economy, including their heavy reliance on government aid and the country’s devaluation of the peso as a result of excess currency printing.

However, Fernandez continues to enjoy a lot of popularity, particularly among those who live in poverty, especially because of her investments in social programs to combat poverty.

The Justicialist Party, the main force behind the libertarian government under current President Javier Milei, has been Fernandez’s pillar since 2024. He succeeded Alberto Fernandez in becoming president in 2023.

UK votes to decriminalise abortion after prosecutions of some women

After being concerned that women who end a pregnancy are prosecuted, British parliamentarians have voted to end abortion in England and Wales.

A broad-based bill that would prevent women from facing criminal penalties under an outdated law was approved by the Commons on Tuesday.

According to current laws, a woman can still face criminal charges if she refuses to end her pregnancy after 24 weeks or without the consent of two doctors. This is in addition to the currently permitted maximum sentence of life in prison.

The amendment passed 379-137. The anticipated crime bill must now be passed by the House of Commons before it can be delayed but unaffected before it is sent to the House of Lords.

The amendments were introduced by Labour MP Tonia Antoniazzi, a member of Parliament who introduced one of them, and said the change was necessary because police have investigated more than 100 women for suspected illegal abortions over the past five years, including some who had miscarried and stillbirthed naturally.

Because women are vulnerable and require our assistance, she said, “This piece of legislation will only remove them from the criminal justice system.” What public interest serves this, exactly? This is cruelty, not justice, and there must be an end to it.

Women can now terminate their own pregnancies at home within the first ten weeks thanks to changes in the law that were implemented during the COVID-19 pandemic.

A few well-known cases have been the subject of prosecutions for women who illegally obtained abortion pills and used them to end their own fetus after 24 weeks.

Nicola Packer was found not guilty in May after taking abortion medication at around 26 weeks, exceeding the legal 10-week mark for doing so at home.

The 45-year-old told the jury that she had been pregnant for so long during her trial, which was held following a four-year police investigation.

At least 60 people ‘feared dead’ after shipwrecks off the coast of Libya

After attempting the risky crossing to Europe, the International Organization for Migration (IOM) has reported that at least 60 refugees and migrants are feared missing and drowned at sea following two shipwrecks off the coast of Libya.

IOM is once more pressing the international community to increase search and rescue operations and ensure survivors’ safe, predictable embarkation, according to Othman Belbeisi, regional director for the Middle East and North Africa. “With dozens feared dead and entire families left in agony, IOM is once more pressing the international community to scale up search and rescue operations.”

According to the United Nations agency, one shipwreck occurred on June 12 near Tripolitania’s Alshab port. 21 people have been reported missing, and only five have been found. Six Eritreans, three of whom are feared dead, include two Sudanese men, three women and three children, five Pakistanis, four Egyptians, and two Sudanese men. Four more people’s identities are still undetermined.

On June 13, about 35 kilometers (22 miles) west of Libya’s Tobruk, an incident occurred. 39 people are missing, according to the only survivor, who was rescued by fishermen.

743 people have died this year, or at least, in the attempt to travel across the Mediterranean to Europe, of which 538 are still on the Central Mediterranean route, which is still the most fatally known migration route in the world.

The Libyan coastguard, a quasi-military organization connected to militias accused of abuses and other crimes, has received financial assistance from the European Union in recent years, including by providing them with equipment and financial assistance.

According to NGOs, the state-run search and rescue operations have become more dangerous as a result of this change. They have also criticised state-sponsored actions against charities that operate in the Mediterranean.

In Libya, many people who have fled conflict and persecution have found themselves stranded, often in detention in conditions that human rights organizations have criticized as inhumane.

Libya has received criticism for its treatment of refugees and migrants, which is still struggling to recover from years of war and chaos following the 2011 NATO-backed overthrow of longtime ruler Muammar Gaddafi.

‘Not for you’: Israeli shelters exclude Palestinians as bombs rain down

Many residents scrambled for safety when Iranian missiles started to fall on Israel. As people rushed into bomb shelters, sirens erupted all over the nation.

Doors were knocked shut by some Israeli Palestinian citizens, or roughly 21 percent of the population, by neighbors and fellow citizens rather than by the force of the explosions.

During the worst nights of the Iran-Israel conflict to date, many Palestinian citizens of Israel found themselves excluded from life-saving infrastructure because a majority of them reside in cities, towns, and villages within Israel’s internationally recognized borders.

The reality of that exclusion for Samar al-Rashed, a 29-year-old single mother who resides in a mostly Jewish apartment complex close to Acre, was revealed on Friday night. Samar and her 5-year-old daughter Jihan were at home. She grabbed her daughter and ran for the shelter of the building as sirens pierced the air to warn of incoming missiles.

She recalled that she didn’t have enough time to pack anything. “Just water, our phones, and my daughter’s hand in mine,” my reply.

The panicking mother gently encouraged her in soft-spoken Arabic to keep up with her rushed steps toward the shelter while the other neighbors climbed down the stairs as well as to ease her daughter’s fear.

She claimed that an Israeli resident had blocked their entry after hearing her speak Arabic and shut it in their faces at the shelter door.

She said, “I was stunned.” I can communicate clearly in Hebrew. I made an effort to explain. But he just said, “Not for you, I,” and looked at me contemptuously.

The deep divisions of Israeli society were exposed at that time, according to Samar. She was terrified by both the sight and the neighbors’ inability to collide with the ground when she returned to her flat and watched the distant missiles that were flashing up the sky.

a history of exclusion

Israeli citizens who are Palestinians have long experienced systemic discrimination in terms of housing, education, employment, and state services. They are frequently treated as second-class citizens and their loyalty is frequently questioned in public discourse despite having Israeli citizenship.

More than 65 laws directly or indirectly discriminate against Palestinian citizens, according to Adalah-The Legal Center for Arab Minority Rights in Israel. By defining Israel as the “nation-state of the Jewish people,” a move that critics claim institutionalized apartheid, the nation-state law passed in 2018 reinforced this disparity.

That discrimination frequently grows in the middle of a war.

In times of conflict, Palestinian citizens of Israel are frequently subject to discriminatory policing and restrictions, including being detained for posting photos on social media, being denied access to shelters, and being verbally abused in mixed cities.

Many people have already reported experiencing discrimination.

When his phone rang on Saturday evening while he was working at his mobile repair shop in Haifa, the alerts started to ring. He waited until he could finish fixing a broken phone. The next public shelter, beneath a structure that surrounds his shop, was where he ran before he could close the shop. He entered the shelter, and he discovered the sturdy door locked.

“I tries the code,” he said. It was ineffective. I slammed on the door, demanded that the doors be opened, and patiently waited. He claimed that no one opened. Moments later, a missile detonated nearby, causing glass to shatter across the street. I believed I was going to pass away.

“After a quarter of an hour, all we could hear were the sounds of the police and the ambulance,” the witness said. He continued, referring to the 2020 Beirut port explosion, “because the scene was terrifying, as if I were living a nightmare similar to what happened at the Port of Beirut.”

Mohammed hid in a nearby parking lot as the chaos unfolded, and soon enough the shelter’s door opened. He was ensnared by his fear and shock. He paused to watch the people who were inside the shelter as they began to leave.

He claimed that “we don’t have any real safety.” Not from the people who are supposed to be our neighbors, but rather from the missiles.

discrimination in the availability of shelter

Theoretically, all Israeli citizens should have access to bomb shelters and other public safety facilities on equal footings. The picture is very different in reality.

Palestinian towns and villages in Israel have significantly fewer protected areas than Jewish communities. More than 70% of homes in Palestinian-occupied areas of Israel lack a safe room or space that is up to code, according to a report from Israel’s State Comptroller in 2022, according to Haaretz, compared to 25% of Jewish homes. Older buildings often go without the necessary reinforcements, and municipal governments frequently receive less funding for civil defense.

In densely populated cities like Lydd (Lod), where Jews and Palestinians coexist peacefully, inequality is still pervasive.

Yara Srour, a 22-year-old nursing student at Hebrew University, resides in Lydd’s abandoned neighborhood al-Mahatta. The three-story structure owned by her family, which has been around four decades old, lacks official permits and a shelter. The family attempted to flee to a safer area of the city early on Sunday after the intense Iranian bombardment they witnessed on Saturday evening shocked the world around them.

Yara said, “We went to the new area of Lydd where there are proper shelters,” noting that her 48-year-old mother, who has weak knees, was unable to move. They refused to let us in, though. Additionally, Jews from less developed regions were denied entry. Only the “new residents,” which are mostly middle-class Jewish families living in the contemporary buildings, were allowed to enter.

Yara vividly recalls the horror.

She claimed that “my mother couldn’t run like the rest of us because she had joint issues.” We were begged and knocked on doors. However, as we saw the sky explode with the fires of intercepted rockets, people kept looking at us with peepholes and ignored us.

Fear, trauma, and rage

Samar claimed that having her daughter rejected from a shelter left a psychological scar.

She said, “That night, I felt completely alone.” What’s the point in me not reporting it to the police, you ask? They “would not have done anything.”

Four women from the same family were killed when a villa in Tamra was struck later that evening. Samar observed smoke pouring into the sky from her balcony.

She said, “It seemed like the world was about to end.” We are still viewed as a threat, not as people, even when we are being attacked.

She has since relocated with her daughter to the Lower Galilee’s Daburiya neighborhood where her parents reside. They can now co-work in a more spacious room. Samar is considering fleeing to Jordan because the alerts are coming in every few hours.

“I wished to safeguard Jihan. She is still learning about this world. I also opted not to leave my home. We must choose whether to survive or endure suffering.

The reality on the ground told a different story than what Israeli Prime Minister Benjamin Netanyahu said following the attacks, which included Israeli Prime Minister Benjamin Netanyahu’s claim that “Iran’s missiles target all of Israel, Jews and Arabs alike.”

Prior to the war, Israeli citizens who were Palestinian were disproportionately detained for expressing political views or making comments about the attacks. Some were detained solely for using emojis on social media. In contrast, online forums frequently advocated for vigilante violence against Palestinians.

In a war, Mohammed Dabdoob remarked, “The state expects our loyalty.” We are invisible when it comes time to protect us, though.

The message to Samar, Yara, Mohammed, and thousands of others is clear: they are real people, not strangers.

Yara remarked, “I want safety like everyone else.” “I want to be a nurse,” I said. I’d like to assist people. But how can I serve a nation that won’t protect my mother?

‘The shelter was full’: Israelis confront unprecedented missile barrages

Tel Aviv, Israel – For the fourth night in a row, missiles have hit Israeli cities. Iran’s retaliatory strikes, triggered by Israeli attacks, saw people sheltering in stairwells and bomb shelters as the scale of the damage and Iranian rockets managing to penetrate one of the world’s most sophisticated defence systems have left many reeling.

On Friday, Israel began its assault on Iran, targeting military and nuclear facilities and killing high-profile security, intelligence and military commanders as well as scientists. Israel’s attacks, which have also targeted residential areas, have killed more than 224 people and wounded at least 1,481, according to Iranian authorities. The government said most of those killed and wounded have been civilians.

In response, Iran has fired barrages of missiles towards Tel Aviv and other Israeli cities.

Hundreds of Iranian missiles have been launched since Friday, and Israel’s air defence systems, though robust, have been unable to stop all of them. While the number of missiles fired by Iran appears to have gone down on a night-by-night basis, the scale of the attacks continues to be unprecedented for Israelis.

Central Tel Aviv, Haifa, the scientific hub of Rehovot and homes have been struck. At least 24 people in Israel have been killed in the strikes and hundreds wounded.

The Weizmann Institute of Science in Rehovot, a source of national pride and a cornerstone of Israeli military research, was among the hardest hit. Its laboratories were torn open, glass panes shattered, and cables and rebar left dangling.

“This isn’t just damage to buildings,” said Jenia Kerimov, 34, a biology PhD candidate who lives nearby. “It’s years of research, equipment we can’t easily replace, data that might be lost forever.”

She had been in a bomb shelter a block away when the institute was struck. “We’re supposed to be helping protect the country. But now even our work, our home, feels exposed.”

Shelters across the country are packed. In older neighbourhoods without bunkers, residents crowd into communal safe rooms. In Tel Aviv and West Jerusalem, stairwells have become makeshift bedrooms. The Israeli military’s Home Front Command has evacuated hundreds of people to hotels after buildings that were hit were deemed uninhabitable.

‘No shelter in our building’

Yacov Shemesh, a retired social worker in West Jerusalem, said his wife has been sleeping on the stairs in their apartment block since the attacks began.

“There’s no shelter in our building,” the 74-year-old explained. “I went to the roof Sunday night to see what was happening. I saw a flash in the sky and then a boom. But I couldn’t find anything in the news. Maybe they [the state] don’t want us to know how close it came.”

The barrage has triggered panic in a society long shaped by conflict – but where, until now, the destruction and wars were inflicted elsewhere – in Gaza, Jenin or southern Lebanon. Now, many Israelis are being confronted with destruction in their home cities for the first time.

In Tel Aviv, long lines snaked through the aisles of a grocery store. Despite being crowded, the atmosphere was hushed as customers tapped their phones, their faces drawn tight.

Gil Simchon, 38, a farmer from near the Ramat David Airbase, east of Haifa, stacked bottles of water in his arms.

“It’s one thing to hear for decades about the Iranian threat,” he said, “but another to see it with your own eyes – to see high rises in Tel Aviv hit.”

On Monday night, he used a bomb shelter for the first time in his life.

Even the Kirya, Israel’s military headquarters in Tel Aviv, was struck although damage was limited. Iran’s ability to hit such a fortified and symbolically vital target has deeply rattled a population raised on the reliability of its multilayered defence architecture.

While much of Israel is covered by the Iron Dome, David’s Sling and Arrow defence systems, officials admit these were not designed for a saturation attack involving ballistic missiles with heavy warheads. “These aren’t homemade rockets from Gaza,” one analyst said on Israeli television. “These are battlefield weapons.”

On Saturday night, the streets of West Jerusalem were quiet. One of the few lit spaces was a gym. Its owner gestured to the staircase descending underground. “We’re protected,” he said. Then with a smile, he added, “Gymgoers are crazy. If you’re working out at night, the gym had better be open.”

Outside, the night air buzzed with tension. A neon sign flared against the darkness. A small group gathered, eyes fixed on the sky. Moments earlier, streaks of light had passed overhead.

“They’re headed somewhere else – Haifa, I think,” a young man muttered. Minutes later, sirens wailed. Video soon appeared online showing flames erupting from a gas installation near Haifa.

Initially, social media was flooded with footage of missile impacts – some from residential balconies, others from dashcams. By the third night, multiple reports were published of people being arrested for documenting the attacks while Israeli officials warned foreign media against breaking a ban on broadcasting such content, describing it as a security offence.

Meanwhile, fears of power outages are growing. In Tel Aviv, drivers queued at petrol stations, anxious to keep their tanks full. A father strapped his children into the back seat before speeding away. His eyes flicked to the clouds, then the rear-view mirror.

Israeli police inspect a damaged apartment near the site where an Iranian missile destroyed a three-storey building in the city of Tamra, killing four women, according to rescue workers and medics [Ahmad Gharabli/AFP]

‘Protecting ourselves and making it worse’

For some Israelis abroad, a feeling of helplessness has deepened. Eran, 37, who lives and works in New York, spoke to his elderly parents near the city of Beit Shemesh. “They’ve gone to shelters before, but this time, the fear was different,” he tells Al Jazeera. “The shelter was full. When they returned home, they found pieces of interceptor debris in the yard.”

Eran, a former conscientious objector who refused Israel’s mandatory military draft – for which he spent time in jail – and asked to use a pseudonym for fear of state reprisal upon his return to Israel, has long been critical of Israeli policies. Now watching his family in danger, he feels more certain than ever.

“Israel claims to act for all Jews,” he said. “But its crimes in Gaza and elsewhere just bring danger to families like mine. Even in New York, it impacts me.”

For others, the picture is murkier.

“I don’t know any more where the line is between protecting ourselves and making it worse,” Gil said. “You grow up believing we’re defending something. But now, the missiles, the shelters, the fear – it feels like a cycle we can’t see out of.”

The Israeli government, meanwhile, has struck a belligerent tone, promising to make Tehran “pay a heavy price”. But in the shelters, tension is mixed with exhaustion and a growing recognition that something fundamental has changed.

“It’s like the feeling of a meat lover after they visit a meat-packing factory,” Gil said quietly. “You grow up on it, you believe in it – but when you see how it’s made, it makes you uneasy.”