GOP – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 31 Jul 2025 18:49:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 GOP – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 The GOP is ready for a new redistricting war. Democrats are recalculating. https://earlybirdsinvest.com/the-gop-is-ready-for-a-new-redistricting-war-democrats-are-recalculating/ https://earlybirdsinvest.com/the-gop-is-ready-for-a-new-redistricting-war-democrats-are-recalculating/#respond Thu, 31 Jul 2025 18:49:30 +0000 https://earlybirdsinvest.com/the-gop-is-ready-for-a-new-redistricting-war-democrats-are-recalculating/

A new kind of political battle is emerging between America’s parties — one centered on the composition of Congress and congressional redistricting. This process usually occurs every decade, after the US Census finishes its work and releases new demographic information that states use to reconfigure how the 435 seats in the House of Representatives are divided among the 50 states.

But this summer, Texas Republicans are scrambling those norms.

Republican lawmakers are now considering a new proposal for the GOP-controlled legislature to redraw their congressional maps in the middle of the decade to give the national party an advantage in the 2026 midterm elections.

It’s a blatant power play — jump-started by President Donald Trump’s desire to offset potential losses next year and win a bigger Republican majority in the House for the second half of his term. At the moment, it looks likely that Republicans might lose some ground in Congress, as has been the trend for presidents’ parties for the last 70 years.

This mid-decade redistricting effort is not the first time Texas Republicans have aggressively gerrymandered seats to boost their party’s representation in Congress, but it is abnormal for redistricting to happen this early, or as a direct response to a president’s wishes to gain an electoral advantage. And it doesn’t seem like Texas will be the only Republican-controlled state to try this.

This sudden gamesmanship is forcing national and state-level Democrats to consider their own tit-for-tat, mid-decade redistricting efforts — and to confront a harsh reality. Many Democrats lack the political will to bend norms in response to these Republican efforts. And those who do will face steep legal and political obstacles, including from their own party.

Still, that isn’t stopping some Democratic leaders from responding. Their leading voice is California Gov. Gavin Newsom, who has declared that he will redraw his state’s maps to boost Democrats if Texas Republicans move forward with their plan. Govs. Kathy Hochul of New York, Phil Murphy of New Jersey, and JB Pritzker of Illinois have also said they are considering their own responses.

How Republicans are pressing their advantage

Republicans have the upper hand on redistricting. In the majority of states across the country, state legislatures have the primary control and power to draw district lines. That includes the three states where Republicans have signaled they will try to redraw maps before the 2026 midterms — Texas, Ohio, and Missouri — all in which the GOP has unified control of the legislature and the governor’s office.

Through redistricting these states alone, Republicans would be able to gain enough seats to secure a majority after midterm elections. The current plan in Texas would gain them five seats, anywhere from one to three seats in Ohio, and one seat in Missouri. Republicans currently have a three-seat majority in the House, as a result of resignations and deaths, which shrinks to a two-seat majority if all those vacancies are filled.

And there are still more Republican-run states that could be tapped. As Punchbowl News reported this week, five Democratic-held seats could be threatened in Florida if Gov. Ron DeSantis agrees to a mid-decade redraw. And New Hampshire’s governor, Kelly Ayotte, could still be convinced by the White House to consider state Republicans’ past plans to create another Republican-friendly seat in the state.

Other Republican-leaning states — like Indiana, Kansas, Kentucky, and Nebraska — are limited from redrawing maps before 2026 by Democratic governors, more moderate Republican legislators and state courts, or the fact that their legislatures aren’t in session.

Democrats in the three states that will likely create new GOP seats have few options to resist or block redraws. In Texas, Democrats have considered boycotting or preventing the legislature from voting by leaving the state — though Republicans are trying to force them to participate by delaying a vote on flood disaster relief and recovery funding until after their redistricting effort passes. Democrats in Ohio and Missouri have no similar leverage.

That leaves out-of-state Democrats as the next line of defense. But they face obstacles there.

Democrats are limited by their own advocacy

Democrats hoping to strike back have many fewer options. They’re limited by the number of states they control, the way those states handle redistricting, and the political will of legislators who view this kind of redistricting as beyond the pale.

Democrats have unified control in 15 states, out of which they could probably only gain seats in about nine states: California, Colorado, Illinois, Maryland, Minnesota, New Jersey, New York, Oregon, and Washington. But politicians trying to redraw districts in any of these states will face steep hurdles.

In California, Colorado, New York, New Jersey, and Washington, independent or bipartisan commissions have the power to draw congressional maps, not state legislatures. Those commissions were set up after years of bipartisan advocacy for fair representation and liberal activism for better government accountability and transparency. They are enshrined by state law or were set up by state ballot measures, and would require constitutional amendments, a statewide referendum, or court challenges to return redistricting power to the state legislature.

That includes California — the state with the largest population — where the Texas Tribune is reporting that Newsom plans to present the state legislature a new congressional map that flips five Republican-held seats to cancel out Texas’s boost. After the Democratic-dominated legislature approves that plan, it would theoretically be put up as a statewide referendum for voter approval, though Newsom has said that he believes the legislature can pass these changes by itself. Still, Newsom hasn’t publicly confirmed these plans, and he faces bipartisan opposition to his idea.

Other states essentially have prohibitions on mid-decade or early redistricting efforts, Dan Vicuña, a redistricting expert at the government accountability organization Common Cause, told me. The state constitutions of Washington and New Jersey, Vicuña said, contain provisions that limit redistricting to the year immediately following the census, and limit intervention before that time.

That leaves Illinois, Maryland, Minnesota, and Oregon as the Democratic states where early redistricting could likely be accomplished with fewer obstacles. Already, some Maryland Democrats are signaling they would try to squeeze one more Democratic seat by redrawing their district lines. National Democrats have said they’ll try to gain a seat in Minnesota, though they’ll have to wait until state Democrats regain their majority in the senate, where a Democratic lawmaker resigned this week, tying the chamber.

Democrats may have no choice but to try redistricting

For as much bluster as Democrats are making about trying to retaliate, Republicans are actually taking the steps to do early redistricting. Congressional Democrats, for now, are trying to build support among governors and state lawmakers to engage in this political back-and-forth.

According to CNN, House Minority Leader Hakeem Jeffries and his advisers are exploring legal ways to redraw maps in California, New Jersey, New York, Minnesota, and Washington, but those details have yet to be made public. Some Texas state Democrats, meanwhile, traveled to California and Illinois last week to discuss GOP redistricting with the Democratic governors there.

But to stay in the game, Democrats may have to abandon their own rules.

The Trump-era GOP has shown their willingness to push the bounds of political norms and bend institutions. There are valid, long-term concerns about what this kind of ad-hoc redistricting will mean for elections and trust in government in the future — what Vicuña described as a “race to the bottom” — but Democrats, at least in Congress, are accepting that playing fair, or by old norms, isn’t enough.

Update, July 31, 11 am ET: This article was originally published on July 23 and has been updated multiple times with news about California’s potential plans to redraw its congressional maps.

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Democrats declare ‘Anti-Crypto Corruption Week’ to counter GOP crypto bills https://earlybirdsinvest.com/democrats-declare-anti-crypto-corruption-week-to-counter-gop-crypto-bills/ https://earlybirdsinvest.com/democrats-declare-anti-crypto-corruption-week-to-counter-gop-crypto-bills/#respond Sun, 13 Jul 2025 08:02:28 +0000 https://earlybirdsinvest.com/democrats-declare-anti-crypto-corruption-week-to-counter-gop-crypto-bills/

US Democratic lawmakers, led by House members Maxine Waters and Stephen Lynch, announced on July 11 that next week will be designated “Anti-Crypto Corruption Week.”

The initiative aims to unite Democrats in opposing several pro-crypto bills that are currently under consideration in Congress, including the GENIUS Act, the CLARITY Act, and a proposed law aimed at preventing the creation of a central bank digital currency (CBDC).

The push against these crypto legislations comes as Washington prepares for the “Crypto Week,” during which lawmakers hope to finalize these bills. Proponents of the proposals argue that they could reshape the crypto landscape and further cement the US’s status as a leader in the sector.

Anti-crypto corruption week

In their joint statement, Waters and Lynch argued that it may lead to fraud and entrench controversial crypto ventures linked to President Donald Trump.

According to Waters, these bills could allow bad actors to exploit the system, furthering Trump’s alleged corrupt activities that have benefited him and his allies financially.

She also criticized the legislation for lacking consumer protections and national security safeguards.

According to her:

“The irony couldn’t be more glaring: the same Republicans who rail against a government-backed digital dollar in the name of ‘freedom’ are now rushing to hand over the keys to Americans’ financial future to Trump’s illegal and corrupt crypto empire.”

Waters concluded that the bills would approve activities undermining trust in the US financial system.

She added:

“Republicans are sending a clear message to the American people that they are unwilling to stand up to the crypto lobby, and even more disturbingly, that they are too cowardly to stand up to the President. Well, Democrats are not afraid, and will spend this week reminding the public of the true cost of this corruption.”

Lynch also echoed similar views in his statement, warning that the Anti-CBDC bill could slow US research into digital currencies, giving countries like China an upper hand in the emerging technology.

He said:

“The volatile and risky nature of crypto products and the lack of investor protections will likely have devastating consequences on Americans’ financial lives, and Congress cannot allow it to undermine our traditional financial markets which are the envy of the world.”

Notably, the Democratic lawmakers’ position is consistent with their broader skepticism toward the crypto industry.

For context, Connecticut’s Democratic-majority legislature recently passed a law banning state agencies from investing in digital assets, which Governor Ned Lamont signed into law.

Nationally, prominent Democrats such as Senator Elizabeth Warren continue to voice concerns about the risks associated with cryptocurrencies, reinforcing the party’s caution towards the emerging sector

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GOP lawmakers hated Big Bill — until Trump bullied them (video) https://earlybirdsinvest.com/gop-lawmakers-hated-big-bill-until-trump-bullied-them-video/ https://earlybirdsinvest.com/gop-lawmakers-hated-big-bill-until-trump-bullied-them-video/#respond Fri, 04 Jul 2025 07:09:17 +0000 https://earlybirdsinvest.com/gop-lawmakers-hated-big-bill-until-trump-bullied-them-video/

Just because the Big Beautiful Bill passed does not mean it’s big, nor beautiful. Just ask the Republican lawmakers who hated it, said they would not support it, and then, after a call from their boss, snapped into submission with a panic-stricken “aye!”

“What they did to our bill was unconscionable,” said South Carolina GOP Rep. Ralph Norman. “I’ll vote against it here, and I’ll vote against it on the floor,” he declared — before voting for it on the floor.

“You’re going to hear a lot about the tax cuts, but the deficit? Nobody is talking about the deficit. Nobody!” complained Texas GOP Rep. Keith Self. “We cannot saddle our children and our grandchildren with an exploding national debt,” he said — before saddling his children and grandchildren with his yea vote.

“Do I like this bill? No,” grumbled Alaska GOP Sen. Lisa Murkowski. “I know, I know, that in many parts of the country, there are Americans that are not going to be advantaged by this bill,” she warned — before voting to disadvantage Americans. (See video below, posted by Aaron Rupar.)

And why did the MAGA holdouts crumble after posing as principled lawmakers? According to The Hill, Trump called them early Thursday morning and bullied them into obedience. For example, “During the conversation, Massie — who has been at odds with Trump over the megabill for weeks — suggested he was ready to drop his opposition and support the rule if Trump stops attacking him.” Fear tactics always work in a totalitarian regime.

Previously: Dictator Trump declares it’s “illegal” to criticize him the way CNN does (video)

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Newly introduced GOP Bill seeks to write Trump’s strategic Bitcoin reserve into law https://earlybirdsinvest.com/newly-introduced-gop-bill-seeks-to-write-trumps-strategic-bitcoin-reserve-into-law/ https://earlybirdsinvest.com/newly-introduced-gop-bill-seeks-to-write-trumps-strategic-bitcoin-reserve-into-law/#respond Mon, 09 Jun 2025 13:02:36 +0000 https://earlybirdsinvest.com/newly-introduced-gop-bill-seeks-to-write-trumps-strategic-bitcoin-reserve-into-law/

A new House bill introduced Friday would lock in President Trump’s unprecedented executive order establishing a Strategic Bitcoin Reserve, signaling the GOP’s deepening embrace of digital assets as fiscal and geopolitical leverage tools.

The bill, H.R. 3798, sponsored by Rep. Tim Burchett (R-TN), aims to codify Executive Order 14233, signed by Trump.

Bitcoin reserve law (Source: Congress.gov)
Bitcoin reserve law (Source: Congress.gov)

The order halted federal Bitcoin auctions and directed agencies to consolidate BTC holdings under Treasury’s management. If enacted, the legislation would ensure the long-term existence of a U.S. Bitcoin reserve and a Digital Asset Stockpile for seized altcoins, shielding the program from future repeal.

“It’s time we treated Bitcoin like the strategic asset it is,” Burchett said in a statement.

From forfeiture to fortress

Over the past decade, the U.S. government has accumulated 198,000 BTC, currently valued at over $21.32 billion, through forfeitures linked to criminal enforcement actions. In the past, much of that Bitcoin was auctioned off, including large sales in 2014–2021 at fractions of today’s prices.

Those early auctions forfeited over $21 billion in upside gains. EO 14233 and now Burchett’s bill aim to stop the bleeding by treating the digital currency as a long-term strategic hedge rather than liquidating it for short-term cash.

“This is our digital Fort Knox,” Treasury Secretary Vivek Ramaswamy said at the March rollout, promising “budget-neutral and innovation-positive” implementation.

Under the bill, no taxpayer dollars would be spent to acquire more Bitcoin. Instead, BTC must come from future enforcement seizures, asset swaps, or market-neutral transfers. Altcoins acquired in similar ways would be held in a separate “Digital Asset Stockpile,” which the Treasury could sell at its discretion.

The legislation mandates inter-agency BTC transfers to Treasury custody and bars any sales without presidential waiver, effectively nationalizing the U.S. government’s Bitcoin position unless reversed by future legislation.

A strategic hedge or digital gamble?

Supporters compare the reserve to a digital gold standard, a decentralized asset immune to inflation, geopolitical manipulation, or central bank defaults. The reserve’s proposed five-year target is 1 million BTC, about 5% of the total supply.

“This is our Louisiana Purchase moment,” said Sen. Cynthia Lummis (R-WY), who plans to introduce a Senate companion bill this week.

But critics argue that Bitcoin’s volatility and cybersecurity risks make it a poor candidate for a national strategic asset. Rep. Brad Sherman (D-CA), a vocal crypto skeptic, called the bill “crypto cosplay that risks taxpayer dollars and global credibility” at an April House Financial Services hearing.

The legislative push comes as the Federal Reserve continues exploring a CBDC, which Trump has vowed to block. “Not on my watch,” the President said at the Bitcoin 2024 conference last year.

That conference also marked the first public unveiling of the reserve concept, a campaign promise that has since morphed into federal policy, and now, possibly law. Presidential Executive Orders are not law unless ratified by Congress.

With Bitcoin reaching an all-time high of $111,900 in May and corporate treasuries increasing BTC allocations, Burchett’s bill taps into growing belief in Bitcoin as a financial backstop.

What Comes Next

H.R. 3798 has been referred to the House Financial Services Committee. Chair Patrick McHenry (R-NC) is expected to schedule a hearing this summer, with Senate action likely to follow.

How Treasury will securely manage BTC custody, whether through cold wallets, multisig arrangements, or third-party custodians, remains an open question.

It is also unclear how reserve holdings might affect broader fiscal or monetary policy, including debt ceiling negotiations or Federal Reserve collateral frameworks.

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