settlement

Israeli government mulling huge funding to expand West Bank settlement: NGO | Israel-Palestine conflict News

Israel continues to expand settlements in the occupied territory, which are illegal under international law.

The Israeli government has allocated a first tranche of an expected $388m in new funds for the construction of settlements in the occupied West Bank.

The anti-settlement group Peace Now reported on Thursday that the government had allocated 152 million shekels ($51m) to prepare construction plans for 69 illegal settlements and outposts in the occupied West Bank.

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The cabinet later reportedly postponed a decision about a 1-billion-shekel ($338m) allocation. That proposal, if passed, would mark one of the largest expansions of illegal Israeli settlements in decades.

“The government decided to postpone the decision [on the 1-billion-shekel allocation] and refer it to the Security Cabinet which is expected to convene on Sunday,” Peace Now wrote.

Under the yet-to-be-approved plan, construction for the settlements, including infrastructure and public buildings, would begin despite necessary planning protocols not having been carried out in accord with Israeli law.

Peace Now accused the government of intending to bypass planning and construction regulations.

“October 7 proved that the right-wing approach has failed: the conflict cannot be ‘managed,’ and the Palestinians cannot be ‘defeated’,” the group said in a statement.

“Israel must reach a political solution and diplomatic agreement, but instead the government is only sinking us deeper into the mire and condemning us to many more years of bloody conflict.”

Israel has come under growing condemnation for expanding settlements in the occupied West Bank, which are illegal under international law.

On Tuesday, the United Kingdom, Australia, New Zealand, Canada, France and Norway imposed sanctions on networks involved in financing, enabling and carrying out settler violence against Palestinians.

According to Peace Now, the current Israeli government has approved 103 settlements since it took office in December 2022. From that figure, 51 are entirely new settlements.

On Wednesday, Amnesty International published a report accusing the Israeli government of playing a central role in what it describes as the ethnic cleansing of Palestinians in the occupied West Bank. The report described the government’s actions as “integral”.

At least 117 villages in the West Bank have been subject to either complete or partial displacement due to settler attacks, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).

Amnesty also condemned the upcoming “Great Israeli Real Estate Event”, which is due to take place in London on Sunday.

The event, which has also been held in the United States and Canada, promotes the sale of properties in the occupied West Bank, which campaigners say is in violation of international law.

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Palestine urges US to stop Israeli ‘madness’ after new illegal settlement plans in occupied West Bank – Middle East Monitor

The Palestinian Authority condemned Israel’s decision to build 2,162 illegal settlement units in the occupied West Bank, calling for US intervention to halt the Israeli “madness.”

“All settlement activity is illegal under international law and does not confer legitimacy to anyone,” the authority said in a statement carried by the official news agency Wafa.

It said the Israeli decision constitutes a “blatant challenge to international law and UN resolutions,” particularly UN Security Council Resolution 2334, which affirms the illegality of the Israeli settlements in all occupied Palestinian territories, including East Jerusalem.

It held the Israeli authorities responsible for the “serious consequences” of the settlement policies, warning that they would push the region toward “further cycles of violence and escalation.”

READ: Situation worsening in West Bank, warn Italy, UK, France, Germany

The authority called on the US administration to intervene immediately “to stop the Israeli madness if it genuinely seeks to promote security and stability in the region and globally.”

It stressed that the Palestinian people would remain “steadfast on their land and committed to their legitimate national rights,” saying the illegal settlement plans would not deter them from continuing their struggle to establish an independent Palestinian state on the June 4, 1967 borders with East Jerusalem as its capital.

The statement came after Israel’s Higher Planning Council approved the construction of 2,162 new settlement units across several illegal settlements in the occupied West Bank.

The plans include 1,006 units in the Gevaot settlement within the Gush Etzion bloc south of Bethlehem, 922 units in the Har Brakha settlement south of Nablus, and 234 units in Kiryat Arba settlement built on land belonging to the city of Hebron.

Palestinians view the new plans as part of an accelerated Israeli policy aimed at expanding illegal settlements, confiscating Palestinian land and creating new facts on the ground.

READ: Israeli authorities issue order to seize 74 acres East of Bethlehem

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Democrats force vote on Trump’s $1.8bn settlement fund in ‘vote-a-rama’ | Donald Trump News

Republicans in the United States Senate have renewed their push to pass a controversial $70bn immigration-enforcement funding bill, a top policy priority for President Donald Trump.

But the effort on Thursday faced a series of hurdles, with Democrats forcing votes on several amendments that highlighted controversies related to the Trump presidency.

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The rapid-fire votes on the amendments were dubbed a “vote-a-rama“, and they are slated to include issues ranging from Trump’s White House ballroom to his tariff policies and the US-Israel war on Iran.

“Amendment after amendment, vote after vote, Republicans are going to have to answer to the American people,” Senate Minority Leader Chuck Schumer said.

Early on, Republicans were forced to confront a topic that has dominated headlines in recent weeks: Trump’s proposed $1.776bn “anti-weaponisation” fund.

The fund has been controversial on both sides of the aisle, with critics calling it a slush fund for Trump’s allies.

Several Republicans indicated that the optics of such a fund could be politically catastrophic ahead of November’s midterm elections, and the Department of Justice has since backed away from the scheme.

But Trump himself has avoided saying whether the fund was dead, or just on hold.

It was created as part of a settlement following a lawsuit Trump filed against the Internal Revenue Service (IRS), a part of his government, and it was designed to award payouts to alleged victims of politically motivated prosecution.

Senate Democrats have repeatedly called for such a fund to be banned outright, rather than relying on the Trump administration’s commitment not to revive it.

Nevertheless, on Thursday, Senate Republicans rejected the Democrats’ measure to permanently block the fund.

Republican Tom Tillis introduced a second amendment, which would have also banned the settlement fund. Instead, the legislation would have redirected the allocated funds to a separate anti-fraud fund within the Justice Department. That, too, was rejected.

Thursday’s votes on the “anti-weaponisation” fund were just the start of several rounds of voting on issues uncomfortable to the Republican Party.

Schumer, the top Democrat, signalled that other amendments would tackle another part of the IRS settlement: the permanent immunity from tax audits that Trump had secured for himself and his family.

Trump’s controversial immigration enforcement campaign and other issues were also scheduled to be taken up in the day’s amendments.

Senate Majority Leader John Thune said he was not sure whether Republicans would defeat every measure, with some members of the party showing an increasing willingness to stand up to Trump.

“I can’t predict how it comes out,” he said.

Immigration funding bill

The situation on Thursday was the result of a standoff between Democrats and Republicans over the Trump administration’s approach to immigration enforcement.

Democrats had pledged not to approve further funding for Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP), following the killing of two US citizens during immigration operations in Minneapolis, Minnesota.

Republicans control 53 seats in the 100-seat chamber, short of the 60-vote threshold needed to overcome a filibuster.

They have instead been forced to pursue a lengthy procedural manoeuvre to bypass the filibuster, which has taken weeks.

The $70bn funding bill had been stalled by the Trump administration’s demand to include $1bn for security upgrades for Trump’s White House ballroom project.

The request came after the president had repeatedly said that no taxpayer dollars would go towards the project.

The security funding, which roiled several Republicans, was subsequently dropped before the voting started.

The Senate’s parliamentarian, an official who interprets the chamber’s rules, had previously ruled that adding ballroom funding to the $70bn bill would make it ineligible for the budget reconciliation process, which allows the passage of fiscal-related bills with a simple majority.

If Senate Republicans remain unified, they are expected to pass the funding bill late Thursday night or early Friday.

The Republican-controlled House of Representatives is expected to take up the bill shortly after.

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Blanche says Trump administration is scrapping $1.8B fund meant to compensate president’s allies

Acting Atty. Gen. Todd Blanche said Tuesday that the Trump administration was scrapping plans to create a $1.8 billion fund meant to compensate allies of the Republican president after widespread political backlash and setbacks in the courts.

“We are not moving forward with the fund, period,” Blanche said in response to questions at a House hearing on the Justice Department budget.

““Not moving forward, ever?” asked Rep. Grace Meng, a New York Democrat.

The blunt declaration marked an extraordinary turnabout for a Trump Justice Department that just two weeks ago had pronounced the fund as essential to make up for what officials insist was weaponized law enforcement during President Biden’s Democratic administration. Since then, though, the idea has faced mounting pressure from Republicans who demanded reassurances that plans for the fund were off the table before they would move forward with legislation funding President Trump’s immigration enforcement agencies.

Blanche said the Justice Department was not abandoning an element of a settlement with the IRS that gave Trump and his family immunity from tax audits.

The hearing before a House Appropriations subcommittee was scheduled for discussion of the Justice Department’s budget, but lawmakers quickly focused their questioning on the creation of a fund that has provoked outrage over the mere possibility that violent pro-Trump rioters who stormed the U.S. Capitol on Jan. 6, 2021, could be eligible for payouts.

Signs for the retreat surfaced Monday when a person familiar with the matter said the Republican president was now reconsidering whether to move forward with the fund established to resolve his lawsuit against the Internal Revenue Service over the leak of his tax returns. The Justice Department also said Monday it would comply with a Virginia court temporarily blocking the administration’s “Anti-Weaponization Fund,” effectively agreeing to pause the plan for at least two weeks.

Another judge in Florida raised the prospect of reopening the IRS lawsuit because of “grievous allegations” of improper dealing made against the administration by settlement critics.

The Trump administration has defended the fund as an appropriate measure to make up for what officials insist was a weaponized Justice Department during President Joe Biden’s Democratic administration, a claim the Biden administration strongly denied. Though some Trump supporters, including participants in the Capitol riot, have celebrated the announcement, the reaction among Republicans in Congress has been decidedly more hostile, forcing Blanche to try to assuage a GOP constituency that generally operates in close alignment with the administration.

The furor has especially complicated matters in the Senate, where Republicans defiantly left town 10 days ago without passing legislation to fund Trump’s immigration enforcement agencies. Republicans who returned to Washington on Monday said they won’t have the votes to pass the Homeland Security spending bill until the White House works with them to place parameters on the fund. Many have pushed the administration to impose limits or scrap the idea altogether.

At a Senate budget hearing last month, Blanche refused to rule out the possibility that those who carried out violence on Jan. 6 could be eligible for payouts and has repeatedly said in interviews that anyone who feels persecuted by the criminal justice system is free to apply. Payouts will be decided by a five-member commission appointed by Blanche.

But he has apparently struck a more conciliatory tone in private when confronted by Republican anger.

Blanche encountered a groundswell of opposition last month at a tense private meeting with GOP senators, with more than half raising concerns, including by shouting at the Justice Department’s top official, Republican Sen. Ted Cruz of Texas said in a recent episode of his podcast.

“There were fireworks at an epic level — and I’ve got to say, it’s one of the roughest meetings I’ve seen in my entire time in the Senate,” Cruz said.

Behind closed doors, Blanche was “adamant” that no one who assaulted police at the Capitol would receive compensation, according to Cruz.

“He said not just ‘no,’ but ‘hell no,’” the senator recalled.

Tucker and Richer write for the Associated Press.

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Somalia needs a political settlement before it is too late | Opinions

Somalia is entering one of the most dangerous moments in its recent history without an agreed path towards elections or a political transition. United States and United Kingdom-led talks between the government and the opposition collapsed on May 15, the date on which President Hassan Sheikh Mohamud’s original four-year term was due to expire, leaving the legitimacy of key federal institutions under serious strain.

Justin Davis, the US chargé d’affaires to Somalia, and the UK’s ambassador, Charles King, had been trying to persuade political leaders from both sides to reach an agreement on a political transition roadmap. Their failure leaves the country without an agreed way forward at the worst possible time.

Since 2008, Somalia has frequently been ranked as one of the world’s most fragile states. Under President Mohamud’s leadership, the country is now facing a political deadlock that threatens its survival. This crisis is unfolding amid insecurity, humanitarian distress, economic fragility, widespread corruption and shifting geopolitical rivalries.

At the heart of the crisis is the contested nature of the Somali state itself. Somaliland seeks independence, while Puntland and Jubbaland have broken ties with the Federal Government. Al-Shabab controls significant parts of the country and key roads. The Federal Government and at least three Federal Member States are also operating beyond their mandates. The scheduled electoral calendar has lapsed without a vote: parliament’s four-year mandate expired in April 2026, and the president’s term ran out a month later, yet no agreed roadmap for elections or political transition exists to replace them.

In a controversial process, the government unilaterally changed the constitution, passed an electoral law viewed by its opponents as self-serving, and established an election commission they reject as one-sided. Over the past four years, executive, legislative and judicial powers have become increasingly concentrated in the hands of President Mohamud.

Somalia’s national opposition, along with Puntland and Jubbaland, has characterised the government’s actions as a power grab and rejected them. They argue that the 2012 constitution, which reflects Somalia’s political settlement, remains the law of the land. As a result, Somalia is now caught between two competing claims to constitutional legitimacy. For its part, the government maintains that it is advancing a democratic goal long sought for Somalia, a move from indirect, clan-mediated selection to one-person, one-vote elections, and that the constitutional amendments extending the presidential term from four to five years were lawfully approved by parliament.

Universal suffrage and party-based politics remain a distant aspiration for Somalis. Acknowledging this reality, both the government and the opposition continue to accept the clan-based power-sharing system. However, they disagree on how members of parliament representing clans should be selected at the state and federal levels. The government seeks a one-year term extension and proposes an electoral system for clan representatives that critics say would help it maintain its hold on power. The opposition, by contrast, advocates an improved indirect election process through which clans would choose their representatives.

This political rupture is unfolding in a country already facing severe security and governance challenges. Although security in the capital has improved, widespread violence persists, particularly in south-central Somalia. According to the ACLED database, national fatalities reached a record high in 2025, and al-Shabab is responsible for the large majority of conflict deaths recorded over the past two decades. During the current administration’s four years in office, the same data points to tens of thousands of deaths nationwide, primarily concentrated in Banadir, Lower Shabelle, Lower Jubba and Hiran.

The crisis is also taking place against a worsening humanitarian and economic backdrop. Despite the arrival of rains across the country, humanitarian agencies warn that millions of Somalis are food insecure. International humanitarian efforts are struggling to raise funds to assist those affected by poverty, displacement and conflict. Foreign aid has been declining since the Trump administration dismantled USAID in 2025, while Somalia’s domestic revenue-to-GDP ratio remains in the low single digits. Concerns over the viability and affordability of the state have led many to look towards a resource-based economy, particularly as Turkiye expands its involvement in Somalia’s oil and fisheries sectors.

Corruption has further weakened public trust in state institutions. According to the Corruption Perceptions Index, Somalia has consistently ranked among the most corrupt countries in the world over the past decade. Widespread corruption has undermined almost every aspect of governance. The government’s approach to land management has deepened these concerns, with critics accusing it of forcibly evicting people who occupied public lands during the war and selling some of these lands to merchants without due process. Many citizens with legal documents from previous governments have also lost their homes.

These domestic pressures are being sharpened by regional and global rivalries. Somalia is struggling to navigate intensifying competition in the Horn of Africa, the Gulf of Aden, the Red Sea and the western Indian Ocean. Its divided political class is managing these challenges not as a cohesive state, but through regions, clans and rival political blocs. Different groups have aligned themselves with various regional powers and neighbouring countries.

Regional players, including Turkiye, Saudi Arabia, Israel, the United Arab Emirates, Iran and Egypt, are increasingly active in the Horn of Africa. Israel became the first country to officially recognise Somaliland late last year, intensifying competition among rival regional powers and drawing further attention to Somalia and Somaliland amid the region’s shifting geopolitics.

The political, security, economic and humanitarian pressures have also had serious implications for civic space. The government has been accused of silencing dissent by jailing journalists and civic activists. The opposition is now calling for demonstrations, while the government is openly discouraging public participation.

What should happen now

Somalia stands at a critical juncture. Timely intervention by the international community could help redirect the country away from violence and political fragmentation. In the past, traditional donors, mainly the US, the European Union and the UK, helped facilitate Somalia’s last five political transitions, in 2004, 2008, 2012, 2016 and 2022.

The American and British diplomats in Mogadishu made important efforts to bring the parties together and facilitate dialogue, although these efforts came late. A final push may now require more direct involvement from Washington and London, as well as engagement with non-traditional Gulf donors. Turkiye has also expressed interest in contributing to mediation efforts. This should be welcomed, as Ankara has influence with political actors in both the government and the opposition.

The international community should first pressure the government to negotiate a political roadmap in good faith, with a focus on a workable and timely election process. Villa Somalia should also stop using state institutions, including security forces, the aviation agency and international assistance, as tools in the political dispute.

At the same time, the opposition should be encouraged to engage constructively with the government and avoid initiating a parallel process that could lead to the formation of an alternative government. Most importantly, the international community should impose targeted sanctions on political spoilers who use extrajudicial means to destabilise the country.

Beyond the immediate political impasse, there is also a pressing need for genuine national dialogue and reconciliation. Previous peace processes in Djibouti and Kenya involved a wider range of actors in peacebuilding and helped establish the Third Republic. One lesson from those processes is that institutions built by people who have not fully reconciled cannot last. Somalis have never had the opportunity to engage in a serious and inclusive national dialogue. They need an open forum, genuine reconciliation and state institutions they collectively own.

Somalia is on the brink of political disintegration, but it remains at the prevention stage. That is precisely why the broader international community must act now, as it has in the past. There is still time to guide Somalia away from a self-destructive path and safeguard decades of investment in state-building and peacebuilding.

The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.

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Blake Lively demands Justin Baldoni pay her ‘significant’ damages as pair may end up in mini-trial despite settlement

An image collage containing 3 images, Image 1 shows : Blake Lively, Justin Baldoni settle lawsuit over 'It Ends With Us', Image 2 shows : Blake Lively, Justin Baldoni settle lawsuit over 'It Ends With Us', Image 3 shows A man and woman face each other and touch each other's faces

BLAKE Lively has demanded that Justin Baldoni pay her “significant” damages – with the pair now facing a potential mini-trial despite reaching a settlement earlier this month.

The actress claimed in court docs that Baldoni, her co-star and director on the movie It Ends With Us, should be covering her legal fees after suing her.

Actress Blake Lively leaves the courthouse after ‘settlement conference’ in New York City, February 11, 2026 Credit: Reuters
Actor Justin Baldoni leaves the courthouse in February Credit: Reuters

The star also said she was owed legal fees, costs, treble damages – with punitive damages on top, according to court docs.

Lively had previously sued Baldoni for £119million in damages in 2024 for alleged sexual harassment on the set of It Ends With Us – which he denied.

In April this year, a judge dismissed most of her case and weeks later both sides reached a settlement with no money changing hands.

Now, Lively wants Baldoni to pay her for his own failed counter-lawsuit, in which he demanded £300million for defaming him.

MET MADNESS

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IT ENDS WITH THEM

Blake Lively & Justin Baldoni ‘settle bitter legal battle’ after 2 years

The feuding co-stars appeared in the movie, It Ends With Us, and were at war for two years amid the legal drama Credit: Alamy
Blake Lively and Taylor Swift attended a private party at Lucali restaurant in Brooklyn on January 10, 2024 Credit: Getty

A judge dismissed his case last year and Lively says in court docs that because she won, Baldoni has to pay up.

During a hearing at a court in New York on Monday, Judge Lewis Liman told Lively’s lawyers to consider dropping their claims.

He said: “Your client does have the ability to end this.”

But Lively’s lawyer said she was entitled to the money and said he would be calling experts to testify in what could be a mini-trial.

Neither Lively, who is married to Deadpool star Ryan Reynolds, nor Baldoni were in court for the hearing.

Speaking after the session, Lively’s lawyer Sigrid McCawley said her film star client would be seeking “very significant” damages.

The actress’ “reputation was harmed” as was her livelihood, McCawley said.

Lively’s trial would have been taking place this week – had the case not been thrown out.

Her former BFF, Taylor Swift, was set to be one of the big names likely involved in the trial.

Lively had alleged in court docs that Baldoni added unscripted kisses to a dance scene in the movie It Ends With Us.

Lively plays a florist in the movie, while Baldoni portrays her character’s abusive neurosurgeon boyfriend.

Baldoni denied Lively’s claims, and the court dismissed most of them – including conspiracy, sexual harassment, and defamation.

Lively’s complaint allegations included the film producer being accused of going into Lively’s trailer while she was topless and breastfeeding her baby.

Lively, 38, initially filed her complaint against It Ends With Us director Baldoni, 42, in December 2024.

The star claimed in the filings that she had lost $161million as a result of the fallout.

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Judge temporarily blocks payouts from Trump’s $1.8B ‘anti-weaponization’ settlement fund

A federal judge on Friday temporarily blocked President Trump’s administration from paying any claims through a new $1.776 billion settlement fund for the Republican president’s allies who believe they were victims of a weaponized government.

U.S. District Judge Leonie Brinkema in Alexandria, Va., also barred the government from moving forward with the fund’s creation while litigation is pending to challenge it.

The judge, who was nominated to the bench by President Clinton, a Democrat, scheduled a June 12 hearing for arguments on whether to extend the order blocking payouts from an “Anti-Weaponization Fund.” The government created the fund to resolve Trump’s lawsuit against the Internal Revenue Service over the leak of his tax returns.

The White House declined to comment on the judge’s ruling and referred all questions to the Justice Department, which didn’t immediately respond to a request for comment.

The fund has generated a fierce backlash since it was announced last week, with even Republicans pressing acting Atty. Gen. Todd Blanche over the eligibility considerations and the possibility that even violent rioters at the U.S. Capitol on Jan. 6, 2021, would be free to seek compensation.

The Justice Department hasn’t formed the five-member commission that will decide on payout criteria, so there has been no money paid out yet or claims accepted.

Plaintiffs’ attorneys from the legal advocacy group Democracy Forward are seeking a court order halting the fund’s implementation and preventing the Trump administration from disbursing any payouts from it. The federal suit claims there is no legal basis or accountability behind the fund.

The Virginia lawsuit’s plaintiffs include a fired prosecutor and a college professor acquitted of assaulting federal agents at a protest.

“The unlawfulness that has imbued the Anti-Weaponization Fund from its inception requires that it be wholly dismantled,” the suit says.

At least two other lawsuits, both filed separately in Washington, also are challenging the fund’s creation. A lawsuit filed by the advocacy group Citizens for Responsibility and Ethics in Washington refers to the fund as “a jaw-dropping act of presidential corruption.” Two police officers who helped defend the Capitol from a mob of Trump supporters sued last week.

During a congressional hearing, Blanche wouldn’t rule out the possibility that rioters who assaulted police on Jan. 6 could be eligible for fund payouts.

Nearly 1,600 people were charged with Capitol riot-related federal crimes. Over 1,200 were convicted and sentenced before Trump handed out mass pardons, commuted prison sentences and ordered the dismissal of every pending Jan. 6 criminal case last year.

Kunzelman writes for the Associated Press. AP writers Darlene Superville, Alanna Durkin Richer and Eric Tucker contributed to this report.

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Brazil Nixes Settlement for Stablecoin eFX

Resolution 561 ends stablecoin cross-border settlements, cutting fintech efficiency and margins.

Banco Central do Brasil (BCB) has banned fintech and payment providers from settling overseas payments in stablecoins or crypto. With Resolution 561, the BCB is implementing new rules regarding its electronic foreign exchange (eFX) policy, which governs how payment institutions and e-money issuers provide cross-border services. 

Its immediate effects, when the new rules go into effect on Oct. 1, will be the return of bank spreads, correspondent fees, and settlements in days rather than minutes, while the cost of international transactions, especially remittances, will increase for businesses and consumers. 

Resolution 561 updates Brazil’s eFX framework, which regulates digital cross-border payments settled through traditional foreign-exchange channels. It will restrict companies from collecting reals in Brazil, converting them into stablecoins like USDT or USDC, and then using them for fiat remittances.

The resolution does not prohibit stablecoins in Brazil, Thiago Amaral, partner at Barcellos Tucunduva Advogados, told online publication Migalhas. “What it does is prevent eFX providers from using virtual assets to settle payments or receipts with their counterparts abroad.”

Companies can still use non-resident real accounts to settle international payments, and for individuals, this will not affect their ability to trade crypto. Brazil’s crypto market is worth between $6 billion and $8 billion a month, with stablecoins accounting for roughly 90% of its volume.

Resolution 561 also mandates stricter Know Your Customer (KYC) procedures. According to BCB officials, the resolution aims to ensure traceability, supervision, and compliance with exchange rate regulations while strengthening anti-money laundering efforts.

Remittances Affected

Remittances are likely to be most affected by the changes. Cross-border payment “plumbing” helped many navigate the 1% tax on cash remittance transfers and the further 3.5% tax on remittances and foreign currency purchases, which went into effect in May 2025. In 2024, remittance inflows totaled $4.7 billion, accounting for 0.2% of Brazil’s GDP.

“With the ban on the use of stablecoins in eFX settlements, operators involved in international remittances, overseas purchases, cash withdrawals while traveling, and digital transfers to other countries lose the main advantage they had over traditional banks,” José Artur Ribeiro, CEO of Brazilian crypto exchange operator Coinext, told Brazil’s Money Times.

This article appears in the June 2026 issue of Global Finance Magazine.

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Republican progress on immigration bill stalls out over Trump’s ballroom, DOJ settlement

Senate Republicans appeared increasingly unlikely to meet their self-imposed deadline for passing a roughly $70-billion immigration enforcement bill this week as disputes over security funding for the White House and the Trump administration’s $1.8-trillion settlement fund effectively derailed progress.

Republicans were already expected to abandon $1 billion in security money for the White House complex and President Trump’s ballroom amid backlash from members of their own party. But then questions about the settlement fund added to some of the senator’s concerns. They are questioning who would get the money.

Republican senators met with acting Atty. Gen. Todd Blanche on Thursday as they worked to finalize the bill’s text and whether to put parameters on the settlement, which was designed to compensate Trump’s allies who believe they have been politically persecuted. Sen. John Thune (R-S.D.) told reporters that senators had questions and wanted to know “how we might make sure that it’s fenced in appropriately.”

But senators who emerged from the meeting were tight-lipped and indicated that lawmakers would not hold a vote on the package before leaving Washington for a Memorial Day break, risking failure to meet Trump’s June 1 deadline.

Asked about a vote this week, Sen. Susan Collins (R-Maine) responded, “I don’t even know.” Sen. John Kennedy (R-La.) was more blunt: “We’re going home,” he said.

The last-minute scramble comes as Democrats have criticized Republicans for trying to fund Trump’s ballroom when voters are concerned about basic affordability issues — and as some GOP lawmakers have grown increasingly frustrated with Trump. Several GOP senators have spoken out against the settlement, which was announced this week, and many were upset by the president’s endorsement Tuesday of Texas Atty. Gen. Ken Paxton in the party primary runoff next week against Sen. John Cornyn.

Asked Thursday at the White House if he was losing control of the Senate, Trump replied: “I don’t know, I really don’t know. I can tell you — I only do what’s right.”

Possible parameters on Trump’s settlement fund

The “anti-weaponization” fund, part of a settlement that resolves Trump’s lawsuit against the IRS over the leak of his tax returns, unexpectedly became one of the main complications in the bill. Democrats said they would force votes to block it or place restrictions on it.

Democrats have an opening because Republicans are trying to pass the immigration enforcement bill through a complicated budget process that requires a long series of amendment votes. Democrats are considering multiple amendments, potentially to block that new fund outright or to ban any payments to Trump supporters who harmed law enforcement officers in the Jan. 6, 2021, attack on the Capitol.

Presenting a united front, Democrats from both the House and Senate rallied on the Capitol steps Thursday to show their opposition. Senate Democratic leader Chuck Schumer of New York said the amendment process “will give Republicans countless chances to do the right thing.”

He added that if they declined to make changes, it would show voters that “Ballroom Republicans are not working for you, they are busy fighting for Trump.”

Those amendments, along with others, could pass as a growing number of Republicans have voiced reservations about the fund. So Republicans are now discussing their own last-minute additions to head that off, potentially placing some parameters on the settlement and who could receive compensation, according to two people with knowledge of the private discussions who requested anonymity to discuss them.

It was unclear how any Senate changes would be received in the House. House Speaker Mike Johnson (R-La.) said Wednesday that the House will pass the bill “whatever form it takes.”

Tensions rise between Senate and White House

As Republicans challenged the settlement and parts of his agenda, Trump unloaded on the Senate in a social media post on Wednesday.

He urged Republicans to fire the Senate parliamentarian, Elizabeth MacDonough, who said over the weekend that parts of the $1-billion security proposal cannot remain in the ICE and Border Patrol bill. Trump also renewed his long-standing calls for the Senate to pass the SAVE Act, a Republican bill that would require all voters to prove U.S. citizenship, and to end the Senate filibuster.

Republicans need to “get smart and tough,” Trump said, or “you’ll all be looking for a job much sooner than you thought possible!”

While they have been loyal to Trump on most issues, Senate Republicans have resisted his repeated calls — even in his first term — to kill the filibuster, which triggers a 60-vote threshold in the Senate.

Hanging over the growing GOP rift is Trump’s surprise endorsement of Paxton. That intervention has Republican senators privately fuming that it could cost them their majority in November as they view the incumbent, Cornyn, as the better candidate in the November general election.

Secret Service request falters

Under the Secret Service’s request, about $220 million would fund security improvements related to the ballroom. The rest would go for a new screening center for visitors, training and other security measures.

Sen. Thom Tillis (R-N.C.) said the effort to add the security package to the bill was a “bad idea.” The bill should not have included the other security improvements, he said, “because it’s just giving everybody the ‘billion-dollar ballroom.’”

Several other Republicans in the House and Senate have questioned the request, and senators left a briefing with the director of the Secret Service last week saying they needed a lot more information.

People “can’t afford groceries and gasoline and healthcare, and we’re going to do a billion dollars for a ballroom?” asked Louisiana Sen. Bill Cassidy, who lost reelection in his GOP primary on Saturday after Trump endorsed one of his opponents.

Left in the bill is the money for ICE and Border Patrol, which Democrats have blocked for months in protest of the administration’s immigration enforcement crackdown.

Democrats demanded changes for the agencies, but negotiations with the White House yielded little progress. So Republicans are using the complicated budget maneuver called reconciliation — the same process that allowed them to pass Trump’s tax and spending cuts bill last year — to fund the agencies through the end of Trump’s term with a simple majority and no Democratic votes.

Still, passage requires sign-off from the parliamentarian and unity from Republicans.

Jalonick, Freking and Groves write for the Associated Press. AP writers Collin Binkley, Lisa Mascaro and Joey Cappelletti contributed to this report.

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U.S. government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement

The U.S. government will permanently drop tax claims against President Trump, according to a settlement document that is part of a deal to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.

As part of the settlement agreement, the U.S. is “forever barred and precluded” from examining or prosecuting Trump, his sons and the Trump organization’s current tax issues, according to a one-page document posted to the Justice Department’s website on Tuesday.

The settlement, which marks an extraordinary use of executive power, goes beyond resolving litigation and effectively helps shield the president from further examination of his finances and legal conduct.

The move comes after the Trump administration announced Monday the creation of a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted, an arrangement that Democrats and government watchdogs derided as “corrupt” and unconstitutional.

The “Anti-Weaponization Fund” of $1.776 billion will allow people who believe they were targeted for prosecution for political purposes, including by the Biden administration Justice Department, to apply for payouts, creating what acting Atty. Gen. Todd Blanche called “a lawful process for victims of lawfare and weaponization to be heard and seek redress.”

Blanche, who was grilled by lawmakers on Capitol Hill on Tuesday, would not rule out the possibility that people who carried out violence during the Jan. 6, 2021, riot at the U.S. Capitol will be considered for payouts from the new fund.

Democratic lawmakers and ethics watchdogs slammed the creation of the fund, saying it was corrupt, opaque and had the potential to become a “slush fund” for the president and his allies.

Sen. Ron Wyden, D-Ore., said Democrats intend to “fight every element of this self-dealing settlement.”

“Not only is this another heinously corrupt act by the most corrupt administration in history, it’s clearly a violation of the law that prohibits interference by executive branch officials in IRS audits.”

The fund was announced after Trump, his sons Eric Trump and Donald Trump Jr., and the Trump Organization agreed to drop their lawsuit against the IRS and the Treasury Department. The lawsuit alleged that a leak of confidential tax records caused them reputational and financial harm and negatively affected their public standing, among other allegations.

According to a separate settlement agreement posted to the Justice Department website Monday, Trump will receive a formal apology from the U.S. government but “will not receive any monetary payment or damages of any kind,” from the settlement.

Trump told reporters at the White House on Monday that the fund is dedicated to “reimbursing people who were horribly treated.”

Hussein writes for the Associated Press.

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Texas Children’s Hospital to create ‘detransition clinic’ after legal settlement

May 15 (UPI) — Texas Children’s Hospital plans to create the first “detransition clinic” in the United States as part of a settlement with the state for provided transgender care, officials announced Friday.

Texas Attorney General Ken Paxton announced the settlement, which will also require the hospital to fire and revoke the medical privileges of doctors, as well as pay a $10 million fine.

The hospital will make care at the clinic free of charge for its first five years and offer services for children to detransition to their gender assigned at birth.

Paxton investigated the Houston-based hospital in 2023 for the transgender care services it offered at the same time the state legislature was outlawing gender-affirming care for children.

“I applaud Texas Children’s Hospital for changing course and committing to being part of the solution by agreeing to form a first-of-its kind Detransition Clinic that will provide free care to those who have been victimized by twisted, morally bankrupt transgender ideology,” Paxton said in a statement.

The settlement, he said, is meant to reverse damage caused by “ideologically motivated physicians who harmed patients with their transition care, which the attorney general’s office alleged included the use of false diagnosis codes.

The hospital, in its own statement, said that it had spent the past three years cooperating with the investigation, “navigating an unconscionable campaign of mistrusts and mischaracterizations of gender affirming care.”

It said that multiple internal and external investigations support that the hospital has been compliant with all laws — before and after the state ban on transition care.

“Today, we made the difficult decision to settle with the Texas attorney general and the Department of Justice, closing a chapter that has been wrought with falsehoods and distractions,” the hospital said.

“To be clear — we are settling to protect our resources from endless and costly litigation,” it said. “This settlement will allow us to redirect those precious resources to focus on life-saving care and groundbreaking discoveries of our exceptional clinicians and scientists.”

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Musk reaches $1.5M settlement with SEC over 2022 Twitter buyout

Elon Musk, pictured in the Oval Office at the White House in May 2025, on Monday settled a lawsuit filed by the SEC over his purchase of Twitter in 2022, which will see him pay a $1.5 million fine while admitting no wrongdoing. File photo by Francis Chung/UPI | License Photo

May 4 (UPI) — Elon Musk on Monday settled a lawsuit filed against him by the Securities and Exchange Commission for $1.5 million after the agency accused him of breaking securities laws.

The SEC alleged in January 2025 that Musk cost Twitter shareholders $150 million because he delayed disclosing his purchase of more than 5% of shares in the company within the 10 days required by law.

Musk’s purchase of Twitter led to a series of lawsuits because of how he purchased the company, which has since been renamed to X, which saw him become its biggest shareholder before he launched a successful hostile takeover, The Washington Post reported.

In the settlement, which still needs to be approved by a judge, would see Musk pay a $1.5 million penalty while allowing him to admit no wrongdoing, CNBC reported.

“A trust vehicle has agreed to a small fine for being late on one filing,” Musk attorney Alex Spiro said of the agreement, which will see one of his client’s revocable trusts paying the fine.

Musk made a play to buy Twitter in 2022, first buy purchasing more than 5% of the company, which he did not disclose and was the reason the SEC filed suit, which allowed him to put other investors in a poor position before he launched his takeover.

President Donald Trump signs a series of executive orders in the Oval Office of the White House on Thursday. Trump signed an order to expand workers’ access to retirement accounts. Trump also signed legislation ending a 75-day partial shutdown of the Department of Homeland Security after the House voted in favor of funding. Photo by Aaron Schwartz/UPI | License Photo

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Court sentences Purdue Pharma to pay $5.5B, clearing settlement path

A federal court on Tuesday sentenced Purdue Pharma to pay more than $5.5 billion in criminal penalties. File Photo by Justin Lane/EPA-EFE

April 28 (UPI) — A federal judge on Tuesday sentenced Purdue Pharma to pay more than $5 billion in criminal penalties, clearing the way for the OxyContin maker to complete its bankruptcy settlement agreement and resolve thousands of opioid-related lawsuits filed against it by states, local governments, tribes and other plaintiffs.

The sentence, handed down by a federal court in Newark, N.J., comes after Purdue pleaded guilty in October 2020 to charges over its role in the opioid crisis.

Prosecutors said the Sackler family-owned company worsened the crisis that has killed hundreds of thousands across the United States by aggressively marketing its addictive drugs while downplaying the risks of overdose and addiction.

Thousands of lawsuits have been filed against the company over its role in the crisis, and Purdue filed for Chapter 11 bankruptcy in 2019 as part of an agreement to resolve them.

With Tuesday’s sentence, Purdue can be dissolved and replaced by the public benefit company Knoa Pharma, which will receive the assets and expertise of the old company to produce addiction treatments and overdose-reversal medications.

“Purdue Pharma put profits over patient health and safety,” Acting Attorney General Todd Blanche said in a statement announcing the sentence handed down by a federal court in Newark, N.J.

“The company willfully rejected the law and ignored the diversion of their highly addictive prescription drugs.”

About 806,000 people died from an opioid overdose from 1999 to 2023, according to the U.S. Centers for Disease Control and Prevention.

Court documents accused Purdue of illegally marketing its opioids from 2007 to 2017, generating billions in profit.

The penalties announced Tuesday include a $3.544 billion criminal fine and an additional $2 billion in criminal forfeiture, though the Justice Department said it will credit up to $1.775 billion against the forfeiture amount based on the value conferred to state, local and tribal governments through its bankruptcy.

“No penalty can undo the widespread devastation Purdue has inflicted, but today’s sentence serves long-overdue accountability for its reckless and unlawful conduct,” Inspector General T. March Bell of the U.S. Department of Health and Human Services said in a statement.

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