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musk's team begins spending cut reviews at the pentagon amid budget concerns
Personnel from Elon Musk's government downsizing team, DOGE, held initial meetings at the Pentagon amid expectations of significant spending cuts. While President Trump anticipates uncovering substantial waste, concerns arise over Musk's expertise and potential conflicts of interest due to his defense contracts. Defense Secretary Pete Hegseth has expressed a desire to increase overall defense spending, emphasizing the importance of maintaining U.S. military capabilities.
supreme court allows lawsuit against binance over unregistered token sales
The U.S. Supreme Court has denied Binance's appeal to dismiss a lawsuit from investors alleging the exchange illegally sold unregistered tokens. The 2nd U.S. Circuit Court of Appeals ruled that U.S. securities laws could apply, as token purchases became irrevocable in the U.S. despite Binance's foreign status. Investors are seeking to recover losses from tokens purchased since 2017, while Binance contends that U.S. laws should not govern its operations.
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