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Circle may have missed out by rejecting Ripple’s offer, crypto experts say | National

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www.thecentersquare.com – Tom Joyce – (The Center Square – ) 2025-05-02 14:37:00

(The Center Square) – The crypto company Ripple recently offered big money to purchase the company best known for issuing the USDC stablecoin.

Ripple, best known for its XRP token, offered somewhere between $4 billion and $5 billion to take over Circle Internet Group Inc. However, its proposal was rejected and seen as too low, Bloomberg reports.

The offer would have consolidated two prominent stablecoin companies had Circle accepted the deal.

Although Ripple hasn’t ruled out making another offer, the rejection baffled crypto experts. Some argue Circle will regret its decision.

Ripple has aggressively launched a stablecoin of its own (RLUSD) and wants to become a serious competitor to Circle’s USDC and Tether’s USDT, potentially hurting both their market shares; these stablecoins are cryptocurrencies with values pegged to the United States dollar.

Had Ripple acquired Circle, it would have owned the world’s second-largest stablecoin, according to CNBC.

A merger between Ripple and Circle would’ve diversified the two companies’ revenue streams, former Amazon and IBM executive Sandy Carter wrote in a recent Forbes article.

Carter noted Ripple could have introduced USDC stablecoin to foreign markets, vastly expanding its reach.

“Its network reaches far beyond U.S. borders, with strong relationships across Asia, Latin America, and Europe,” she wrote. “Ripple says that 90% of the company’s business is conducted outside the United States. That kind of reach could’ve propelled USDC into markets where stablecoin adoption is still in its infancy but growing fast.”

Carter added that the rejection indicates Circle has confidence in its product and thinks it can build the digital infrastructure necessary to increase its global market share.

“For leaders in fintech, digital assets, and global payments, the lesson is clear: market share alone doesn’t win the future,” she wrote. “It’s about ecosystem reach, interoperability, and trust. Circle is betting that those three pillars will serve it better independently. Ripple is betting it can build or acquire its way to the same destination, faster.”

David Tawil, president of crypto hedge fund ProChain Capital, thinks Circle CEO Jeremy Allaire is taking too much risk by rejecting such a lucrative offer, especially since more mainstream financial companies may start up stablecoins in the coming years.

“Allaire is assuming a lot of risk over whether #Circle will be able to survive on its own when the stablecoin wars are unleashed (every bank, tech company, etc.),” Tawil posted on X. “However, $USDC is Allaire’s baby and it’s certainly hard to part with autonomy over your baby and merge it with Garlinghouse. $XRP.”

Tech policy expert Roslyn Layton said the two sides could have made a good team, especially as Circle has struggled to have an Initial Public Offering.

“Acceleration happens in bear markets, and innovation turns to conquest in the rebound,” she posted on X. “The window is closing. @Circle is hitting IPO headwinds and @Ripple has cash, infrastructure and legal clarity.”

This year, Circle is amid its second attempt to go public. It tried to in 2022 but had a $9 billion merger deal collapse that would have allowed it to happen, according to Reuters.

Amid ongoing stock market volatility, other cryptocurrency companies are delaying their plans to go public, The Wall Street Journal reports.

The post Circle may have missed out by rejecting Ripple’s offer, crypto experts say | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The article presents a relatively balanced report on the crypto industry, specifically focusing on the potential merger between Ripple and Circle. It mainly covers factual details about the rejected offer, the perspectives of various experts, and the implications for the market. The article includes insights from individuals with different viewpoints, such as a former Amazon and IBM executive and a crypto hedge fund president, without suggesting a particular ideological stance. The tone is largely neutral, with no overt preference for one side, offering an informative look at the situation rather than advocating for one company’s strategy over another. The inclusion of diverse expert opinions allows for a well-rounded portrayal of the topic.

The Center Square

Abbott orders House Democrats to return to Austin or be removed from office | Texas

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www.thecentersquare.com – Bethany Blankley – (The Center Square – ) 2025-08-04 07:30:00


After Texas House Democrats left the state to block a controversial redistricting bill, Gov. Greg Abbott ordered their immediate return or threatened removal from office, citing potential felony charges. The Democrats fled to deny quorum during a special session focused on 18 issues, including flood relief and redistricting. Abbott condemned their actions as a dereliction of duty and cited a 2021 Texas Attorney General opinion that allows removal of legislators who abandon office by breaking quorum. He also alleged possible bribery violations for fundraising supporting their absence. The Texas House plans to reconvene Monday at 3 p.m., with enforcement actions possible if quorum isn’t met.

(The Center Square) – After Texas House Democrats left the state on Sunday, Gov. Greg Abbott ordered them to return to Austin or said he would take action to have them removed from office. He also said several of them may have committed felonies.

Several House Democrats posted videos of themselves Sunday appearing to board private planes for Chicago, saying doing so was in defiance of redistricting efforts. They also solicited donations on social media to support their “fight.”

The legislature is currently convened by Abbott for a special session to address 18 issues, including flood relief for Hill Country victims and redistricting. A House committee advanced a redistricting bill on Saturday, which Democrats argue is illegal. The full House is scheduled to vote on it on Monday, The Center Square reported.

On Sunday, Democrats said they were taking an “extreme measure” by causing a quorum break “to stop these bills from happening” and declared, “this special session is over,” The Center Square reported.

In response, Abbott issued a one-page statement, saying, “Real Texans do not run from a fight. But that’s exactly what most of the Texas House Democrats just did. Rather than doing their job and voting on urgent legislation affecting the lives of all Texans, they have fled Texas to deprive the House of the quorum necessary to meet and conduct business.

“These absences are not merely unintended and unavoidable interruptions in public service, like a sudden illness or a family emergency. Instead, these absences were premeditated for an illegitimate purpose – what one representative called ‘breaking quorum.’”

A quorum of two-thirds of the legislature is needed in each chamber, 100 in the Texas House, to conduct business, according to the state constitution and legislative rules. The House is comprised of 150 members, including 88 Republicans and 62 Democrats. Under House rules, members can request approved absences from the speaker. Unapproved absences can result in fines, censure, arrest and removal from office.

In 2021, after House Democrats absconded, the Texas Supreme Court ruled that those who left could be arrested, The Center Square reported.

On Sunday, House Democrats “hatched a deliberate plan not to show up for work, for the specific purpose of abdicating the duties of their office and thwarting the chamber’s business,” Abbott said, which is a violation of the Texas Constitution. Their actions amount “to an abandonment or forfeiture of an elected state office,” he said.

When the governor calls a special session, the Texas Constitution “provides that the ‘Legislature shall meet.’ TEX. CONST. art. III, § 5 (emphasis added),” Abbott explained. “It’s not optional. It’s a duty. The absconded Democrat House members were elected to meet and vote on legislation – not to prevent votes that may not go their way.

“Every session, legislators on both sides of the aisle find themselves on the losing side of a legislative vote. And every session, most of those legislators find a way to disagree agreeably and behave like adults, rather than going AWOL. This truancy ends now.”

He ordered the “derelict Democrat House members” to return to Texas and be in attendance when the House reconvenes at 3 p.m. on Monday. Otherwise, he will take action to remove them from office.

“I will invoke Texas Attorney General Opinion No. KP-0382 to remove the missing Democrats from membership in the Texas House,” he said, citing an opinion issued in 2021 after House Democrats absconded to prevent a vote on election reform. At the time, the attorney general was asked to consider “whether Texas law allows for a determination that a legislator has vacated office if they intentionally break quorum.”

The opinion concludes, “If a legislator is believed to have forfeited his or her office by abandonment, the attorney general or the county or district attorney of the proper county may initiate a suit in district court. If the court determines that the public officer has forfeited the office, the court ‘shall enter judgment removing the person from the office.’

“Texas courts recognize that a vacancy may occur by abandonment of office. Through a quo warranto action, a district court may determine that a legislator has forfeited his or her office due to abandonment and can remove the legislator from office, thereby creating a vacancy.”

Abbott argues the opinion “empowers me to swiftly fill vacancies under Article III, Section 13 of the Texas Constitution.”

He also said House Democrats “may also have committed felonies” by “soliciting funds to evade the fines they will incur under House rules. Any Democrat who ‘solicits, accepts, or agrees to accept’ such funds to assist in the violation of legislative duties or for purposes of skipping a vote may have violated bribery laws,” he said, citing Texas penal code. “The same could be true for any other person who ‘offers, confers, or agrees to confer’ such funds to fleeing Democrat House members.”

“I will use my full extradition authority to demand the return to Texas of any potential out-of-state felons,” he said.

House Speaker Dustin Burrows said the House will convene at 3 p.m. on Monday. “If a quorum is not present then, to borrow the recent talking points from some of my Democrat colleagues, all options will be on the table,” referring to imposing fines and potentially taking action to have them arrested.

The post Abbott orders House Democrats to return to Austin or be removed from office | Texas appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Right

The article primarily reports on the conflict between Texas House Democrats and Governor Greg Abbott regarding quorum-breaking and redistricting legislation. While it aims to present the dispute by including statements and actions from both sides, the overall tone, framing, and choice of language lean subtly toward a Center-Right perspective. The report predominantly features Governor Abbott’s detailed rebuttal and legal rationale without equivalent direct representation or elaboration of the Democrats’ arguments beyond their initial actions and brief quotes. The framing emphasizes the Democrats’ actions as “absconding,” “derelict,” and potentially “felonious,” terms originating from Abbott’s statements, which frames their behavior as improper and illegitimate. Although the article does include factual elements without overt opinion, the selection and presentation of content align more with the governing Republican viewpoint, suggesting a Center-Right bias rather than strict neutral reporting of the event.

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News from the South - Texas News Feed

Déjà vu: Texas House Democrats leave Austin again to halt the legislative process | Texas

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www.thecentersquare.com – By Bethany Blankley | The Center Square contributor – (The Center Square – ) 2025-08-03 19:03:00


Texas House Democrats fled to Chicago to block a redistricting bill scheduled for a Monday vote, preventing a quorum needed for legislative business. They claim the bill undermines Black and Latino voters and criticize Gov. Greg Abbott and Republicans for prioritizing redistricting over flood relief for Texas Hill Country victims. The new plan, prompted by DOJ concerns, would likely increase Republican seats by shifting district lines. Democrats seek to stall the legislation, echoing a 2021 walkout to block election reforms. House Speaker Dustin Burrows warned Democrats might face arrest for breaking quorum, while a possible second special session looms if they don’t return.

(The Center Square) – Texas House Democrats left Austin for Chicago on Sunday  in an attempt to prevent the state House from voting Monday on a redistricting bill.

“As of today, this special session is over,” Democrats said in a statement.

The redistricting bill advanced out of committee on Saturday along party lines and was scheduled for a floor vote on Monday.

In order for the House to convene to conduct business, it must have a quorum – two-thirds of its members, 100, must be present. Even though Republicans hold a majority, they don’t have enough members to meet quorum on their own. The Texas House is comprised of 88 Republicans and 64 Democrats.

House Democrats argue the redistricting bill is illegal and have vowed to fight it.

“The choice was clear,” Texas House Democrats said. “Stand by while [Gov. Greg] Abbott silences millions of Black and Latino voters or use every tool available to stop this assault on our democracy. This corrupt special session is over.”

Within months of entering his second term, President Donald Trump’s Department of Justice sent a letter to Abbott raising concerns about the 2021 redistricting plan, requesting him to redistrict. Abbott cited the DOJ’s concerns in his call to add redistricting to the special session, which began July 21. The new redistricting plan likely would net at least five new Republican seats by moving Democrat incumbents to other districts and creating seven new districts (7, 9, 20, 30, 32, 34, 35), The Center Square reported.

Democrats also repeated their claim that they care more about the Hill Country flood victims than Republicans do and emergency funding should be prioritized.

“For two weeks, while the families in the Texas Hill Country mourned the loss of over 130 Texans in catastrophic floods, Democrats fought to make their relief the legislature’s top priority,” they said. “Instead, Governor Abbott and Republican leadership used the tragedy as political cover. After thousands of Texans testified against this corrupt bargain in hearings across the state, their pleas were ignored. Governor Abbott has turned the victims of a tragedy into political hostages in his submission to Donald Trump. We will not allow disaster relief to be held hostage to a Trump gerrymander.

“As of today, this corrupt special session is over.”

By leaving the state, legislative business is halted, including passing any relief measures for flood victims.

Several lawmakers who fled the state went to Chicago for a second time – after a House delegation went to Chicago and Sacramento a week ago to meet with Democratic governors to devise a strategy to block the Republican redistricting effort, The Center Square reported. Gov. J.B. Pritzker is expected to meet them at the airport.

Texas House Democratic Caucus Chair Gene Wu, who previously met with Prizker and again went to Chicago, said more information would be provided after they land. State Rep. Christina Morales, who also joined Wu on the first Chicago trip, posted a video of her entering the airport saying, “It’s time to take this fight on the road.”

Other Democrats posted videos of themselves at the airport. State Rep. James Talarico said, “My Democratic colleagues and I just left the state of Texas to break quorum and stop Trump’s redistricting power grab. Trump is trying to rig the midterm elections right before our eyes. But first he’ll have to come through us. It’s time to fight back.” State Rep. Chris Turner posted an image of himself in front of an airplane saying it was a “good day to fight for our democracy” and asked for donations.

Also on Sunday, House Speaker Dustin Burrows, R-Lubbock, issued a statement, saying, “The Texas House will be convening at 3:00pm tomorrow. If a quorum is not present then, to borrow the recent talking points from some of my Democrat colleagues, all options will be on the table.”

He’s referring to potentially arresting state lawmakers who break quorum, disrupt legislative business in violation of House rules. Four years ago, the Texas Supreme Court ruled state lawmakers could be arrested, The Center Square reported.

House Democrats repeated a maneuver they used in July 2021 when they absconded for Washington, D.C., to prevent voting on election reform, The Center Square reported. That year, Abbott had called a special session to address 11 legislative items. Because Democrats absconded, legislative business halted. In August 2021, he called a second special session. When Democrats returned, the legislature eventually passed the reforms.

Unless House Democrats return for business to continue, Abbott is expected to call a second special session to begin around August 20, 30 days after the first session began on July 21.

The post Déjà vu: Texas House Democrats leave Austin again to halt the legislative process | Texas appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The article primarily reports on the actions and statements of Texas House Democrats and Republicans regarding the redistricting bill, presenting viewpoints from both sides without endorsing either. It includes direct quotes from Democrats explaining their quorum-breaking tactic and Republicans responding with potential enforcement measures. The language is mostly neutral, focusing on facts and documented statements rather than opinion or loaded framing. While the Democrats’ rhetoric is quoted extensively, the piece maintains a balanced tone by providing context on the Republican majority and legal background. Overall, the article adheres to neutral, factual reporting without promoting a clear ideological stance.

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The Center Square

Trump sets global tariffs as consumers brace for price hikes | National

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www.thecentersquare.com – Brett Rowland – (The Center Square – ) 2025-08-03 08:11:00


Consumers nationwide face rising costs as President Donald Trump’s full “Liberation Day” tariffs take effect next week, impacting goods from clothing to cars. Short-term price hikes could reach 39% for shoes and 37% for clothes, with long-term increases near 18% and 17%, respectively, raising average household expenses by about $2,400 annually. The U.S. Chamber of Commerce reports rising costs for manufacturers and retailers, who are beginning to raise prices. Tariffs vary by country, with some rates as high as 41%. The administration remains open to negotiating deals to reduce tariffs. Legal challenges to the president’s tariff authority are underway, with court decisions expected soon.

(The Center Square) – Consumers across the country are bracing for higher prices on everything from coffee to cars as President Donald Trump’s full suite of “Liberation Day” tariffs go into effect next week. 

Some public companies had previously delayed price hikes, but that could change as more tariffs become effective.

Prices for clothes and shoes could jump. In the short term, consumers could pay 39% more for shoes and 37% more for clothes, with shoes and apparel prices expected to gain 18% and 17% higher in the long term, respectively, according to the latest figures from the Yale Budget Lab. That group projected that the tariffs would increase average household costs by about $2,400 annually.

The U.S. Chamber of Commerce, the largest business lobby, reported that manufacturers, wholesalers, and retailers are paying higher prices for goods and services. At the same time, “they are slowly beginning to raise the prices they charge their customers,” said Neil Bradley, executive vice president, chief policy officer, and head of strategic advocacy at the U.S. Chamber of Commerce.

Countries with the highest tariffs include Syria (41%), Laos (40%), Myanmar (40%), Switzerland (39%), Serbia (35%) and Iraq (35%). Some countries could face higher rates, including Brazil, depending on final rates, most of which Trump set unilaterally. 

Trump cut deals with about two-thirds of the United States’ major trading partners. Those nations mostly came in under 19%. Most got 15%. So far, the United Kingdom has the lowest rate at 10%. Trump extended the deadline for several other key trading partners, including Canada, Mexico and China. 

The White House said Thursday that Trump would continue to be open to deals that benefit America. 

Consumer Technology Association CEO Gary Shapiro said the trade group hopes to see more deals to lower tariffs in the coming week.

“Constant shifts in tariff policy make it increasingly difficult for U.S. companies – especially startups and small businesses – to plan, invest, and compete globally,” he said. “CTA continues to urge the administration and Congress to pursue a predictable, forward-looking trade agenda rooted in fairness, and collaboration with, trusted partners. American innovation thrives when markets are open, trade rules are clear, and businesses are free to focus on creating jobs and bringing groundbreaking technologies to market.”

He added: “We expect the administration will use the next seven days before the tariffs go into effect on August 7 to negotiate further deals with trading partners, including with our northern friend and neighbor Canada, to lower tariffs, provide greater certainty, and eliminate barriers to trade.”

Businesses could still get relief through the courts. On Thursday, a panel of 11 appellate court judges scrutinized Trump’s tariff authority, asking attorneys on both sides of the case tough questions about the president’s authority to restructure global trade without help from Congress. The court didn’t rule on the tariffs on Thursday but is expected to do so in the coming weeks.

Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families, and pay down the national debt.

A tariff is a tax on imported goods paid by the person or company that imports the goods. The importer can absorb the cost of the tariffs or try to pass the cost on to consumers through higher prices.

The post Trump sets global tariffs as consumers brace for price hikes | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The article primarily reports factual information about the implementation and impact of President Donald Trump’s tariffs, including perspectives from business groups and experts without endorsing or condemning the policies. It presents data on price increases, statements from various stakeholders, and notes ongoing legal challenges, maintaining a neutral tone. While it highlights concerns from industry representatives and the potential burden on consumers, it also includes the administration’s stated goals for the tariffs. Overall, the article refrains from taking a clear ideological stance and focuses on balanced reporting of the issue from multiple viewpoints.

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