federal oversight
Coverage of federal oversight in the Nexus archive.
- Circle won federal approval to operate as a trust bank — and its stock surged
Circle received federal approval to operate as a trust bank, placing its USDC reserve infrastructure under direct federal oversight and enabling the company to offer digital asset custody services. The approval coincided with a surge in Circle's stock price.
- Teamsters make a bid to end federal oversight, with Trump’s backing
Teamsters are attempting to end federal oversight with support from Trump. Sean M. O’Brien, the Teamsters president, has used political connections and tough talk to gain significant power within the union.
- Oakland police on track to exit federal oversight by September, judge says
Oakland Police Department leaders and stakeholders expressed hope that federal oversight of the department is nearing its end, with a judge indicating exit could occur by September. However, compliance with the 2003 Negotiated Settlement Agreement, established to address the Riders lawsuit, remains an ongoing requirement.
- Oakland Police Department welcomes 17 new officers to the force
The Oakland Police Department graduated 17 new officers, increasing the total to 621 sworn officers, though this remains below the city-funded 678 positions. Federal oversight of the department is expected to end in September after the department met court-mandated recommendations from a 2000 case.
- Trump Backs CFTC Over Prediction Markets, Calls State Officials ‘Scum’
President Trump supports the Commodity Futures Trading Commission (CFTC) in regulating prediction markets, opposing state-level gambling laws. He criticized state officials as 'scum' for attempting to enforce their own regulations.