Biden – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 25 Jul 2025 01:59:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Biden – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Epstein files: Why didn’t Biden release them? https://earlybirdsinvest.com/epstein-files-why-didnt-biden-release-them/ https://earlybirdsinvest.com/epstein-files-why-didnt-biden-release-them/#respond Fri, 25 Jul 2025 01:59:05 +0000 https://earlybirdsinvest.com/epstein-files-why-didnt-biden-release-them/

Reports of Donald Trump’s name repeatedly appearing in the Jeffrey Epstein files, coupled with the unearthing of a suggestive birthday card that the president sent the convicted sex offender, have renewed scrutiny of their relationship.

But if the government really had damning information about Trump’s entanglements with Epstein in its possession for years, then why didn’t his Democratic predecessor and political rival, President Joe Biden, ever release the files?

It’s impossible to know for certain. Conspiracy theories about a government cover-up in the Epstein case have swirled around right-wing media circles since his 2019 death in prison, which was ruled a suicide.

But appearing in the Epstein files might not, in and of itself, suggest any wrongdoing on Trump’s part. Even if the material in the sealed files does raise concerns, it would be highly unusual for the government to release that material outside of a courtroom.

The challenges with releasing the files

The Epstein files are a collection of more than 100,000 pages of evidence gathered as part of a Justice Department investigation. They include records of physical evidence, grand jury testimony, digital evidence recovered from technology seized at Epstein’s properties, and more.

After releasing an initial trove of documents in February, the Justice Department announced on July 7 that it would not be releasing any more, denying the existence of any “incriminating client list” from Epstein or anything else related to the case that ought to be publicly disclosed.

That prompted backlash from Trump’s base, and the president has maligned his supporters for not letting the issue go. The House shut down early for a month-long recess on Thursday in order to prevent a vote on expediting the release of further documents, as the push has divided the Republican caucus. Trump himself is now on board, having recently called for the release of “pertinent” grand jury testimony in two separate cases involving Epstein from 2005 and 2007.

A federal court in Florida has denied such a request from the DOJ. The department made a similar request to a separate court in New York, but its ruling is still pending.

Trump may hope that the release of the documents can put to rest speculation about his involvement with Epstein. That might be an unrealistic outcome given that the conspiracy theories have now taken on a life of their own and may be uncontainable. But the Wall Street Journal reported that Trump’s was just one among hundreds of names, many of similarly prominent figures, featured in the unreleased Epstein files. Those files include not just the grand jury testimony, but also 300 gigabytes of digital evidence.

If the files suggest that Trump’s involvement with Epstein really was just of the harmless social variety prior to their reported falling out in 2004, then the Biden administration would have had no obvious political reason to release them. (Former President Bill Clinton’s name appears in the files that were already released, although there is no allegation of any wrongdoing on Clinton’s part.)

But it also couldn’t have done so without court approval. Grand jury testimony is secret by design: It allows jurors to confer about whether to charge someone with a crime confidentially and without outside influence or fear of public backlash. Such testimony is typically only released under exceptional circumstances, when a judge determines that the public interest overrides the interest in protecting the identity of witnesses, informants, and other people accused of crimes brought before the grand jury.

Alan Dershowitz, the lawyer who helped Epstein secure his 2008 plea deal on child prostitution charges in Florida, has said that the grand jury testimony from that particular case includes a redacted FBI affidavit that names individuals who were accused of crimes in connection with Epstein.

As for the remaining digital evidence, it’s highly unusual for the FBI to release information unrelated to charging individuals with a crime. There are several reasons for this, including the desire to protect individuals’ privacy and reputations and to protect ongoing investigations. The agency has said, however, that there would be no new indictments related to Epstein based on a review of its existing investigation files.

So even if Democrats wanted to release the Epstein files in their entirety during Biden’s presidency, it’s not clear that a court would have granted their request. Trump is now encountering the same issue — meaning that the firestorm around him might not die down anytime soon.

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Biden Admin May Have Sold US Bitcoin Reserves, Says Sen. Lummis https://earlybirdsinvest.com/biden-admin-may-have-sold-us-bitcoin-reserves-says-sen-lummis/ https://earlybirdsinvest.com/biden-admin-may-have-sold-us-bitcoin-reserves-says-sen-lummis/#respond Thu, 20 Mar 2025 18:15:45 +0000 https://earlybirdsinvest.com/biden-admin-may-have-sold-us-bitcoin-reserves-says-sen-lummis/

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At the Digital Asset Summit on March 19, Senator Cynthia Lummis (R-WY) claimed that the previous Biden administration may have sold a significant portion of the United States’ confiscated Bitcoin holdings. During a panel discussion, Senator Lummis outlined her concerns, explaining that while the United States government may have amassed a large sum of BTC through asset forfeitures, some of these funds might have been liquidated during the Biden era.

Did Biden Sell US Bitcoin?

“We’re trying to find out how much Bitcoin and whether they are fully surrendered to US custody. We think that could be the basis for the first year’s installment of a strategic Bitcoin reserve. We think the United States has held about 200,000 Bitcoin in asset forfeiture. What we don’t know is how much of that the Biden administration was selling right before the Trump administration took office,” Lummis said.

According to Lummis, her office has issued formal inquiries to the US Marshals Service and spoken with United States Attorney General in Donald Trump’s cabinet Pam Bondi in a bid to confirm exactly how many BTC remain under federal control. When asked why it appears difficult to ascertain the precise holdings, Lummis was blunt:

“This should be easy to figure out. It should be easy to figure out why a federal agency has two times more credit cards issued than there are employees in the agency. I mean, there’s so much failure of just simple accounting and business practices in the federal government that it would shock you. It is inexcusable.”

Lummis has been a vocal proponent of integrating BTC into the US financial structure. Last week, she reintroduced the BITCOIN Act at a conference organized by The Bitcoin Policy Institute, aiming to establish a Strategic Bitcoin Reserve for the federal government. The legislation proposes acquiring up to one million BTC over five years, positioning Bitcoin as a store of value similar to gold reserves.

Also at the Digital Asset Summit, Congressman Tom Emmer (R-MN) revealed that multiple pieces of legislation are circulating in Congress with similar goals. Emmer expressed confidence that these efforts to establish a Strategic Bitcoin Reserve bill to buy 1 million BTC will be enacted: “Yes, there is legislation. I think there are different members that have different versions. … I believe before this Congress is done, that will be enacted.”

Bo Hines, Executive Director of the US Presidential Council of Advisers for Digital Assets, spoke in a separate interview about the US history with seized Bitcoin. According to Hines, the government once held approximately 400,000 BTC but sold roughly half for around $370 million—a sum that would be worth nearly $17 billion at current valuations.

“If we would have held on to that, it would have been worth $17 billion today. I mean, it just goes to show you how important this asset is and what we can do with it to benefit the American people.”

Hines also confirmed the White House’s ambition to expand the US government’s Bitcoin reserves in a budget neutral-way: “We feel like it’s in the best interest of Americans to hold on to this asset long term and accumulate as much as we can get. … We’ve talked about building the digital Fort Knox for the United States.”

He emphasized that such a Bitcoin strategy would be budget-neutral, avoiding any additional taxpayer burden. Hines believes the internal working group set up through the first digital assets Executive Order will produce “tremendous ideas on how to accomplish this.”

Two weeks ago, President Donald Trump signed an Executive Order mandating the creation of a Strategic Bitcoin Reserve. The Reserve is to be funded by BTC seized under criminal or civil asset forfeiture proceedings. As per the order, relevant agencies must provide a comprehensive accounting of their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets.

At press time, BTC traded at $85,748.

Bitcoin price
BTC price, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image from Wyoming Public Radio, chart from TradingView.com

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