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The order Trump signed Tuesday stipulated that government functions not required by law would be prioritized for cuts and hiring will be restricted. With exceptions for functions such as public safety, only one employee can be added for every four that leave. In addition, new hires would generally need approval from a representative of the DOGE, expanding the influence of Musk’s team.

Trump has praised Musk’s work to slash federal spending.

The Republican president has also been sharply critical of federal workers, especially those who want to keep working remotely, though his administration is simultaneously working to cut federal office space and ordering the termination of worksite leases throughout the government.

“Nobody is gonna work from home,” Trump said Monday. “They are gonna be going out, they’re gonna play tennis, they’re gonna play golf, they’re gonna do a lot of things. They’re not working.”

Future of U.S. space policy unclear as National Space Council might close

Rumors are circulating that President Trump might shutter the National Space Council as his administration moves to slash federal spending, a move that could have wide-ranging effects on U.S. policy toward the stars.

The council helps craft space policy directives and has been significantly involved in U.S. space activities in national security and commercial space. The council is chaired by the vice president.

Indeed, the first Trump administration developed seven space policy directives, including the development of the U.S. Space Force. To Mr. Stone, the Trump White House could save a lot of time by following the space council’s directives.

“Rather than wait another six months to a year to find out the same problems that are still there, why not reference the stuff you already put together with the previous council and the National Security Council working together and just execute that, save a bunch of time and effort?” Mr. Stone said. “This will prevent another bureaucratic layer or two that could be used to stall things out in discussion.”

However, axing the space council could lead to issues between regulatory agencies invested in aerospace technology. The council could be an important go-between for the White House and those agencies, helping smooth out questions of authority.

“What the National Space Council can do is coordinate with all the agencies and help them determine whether or not they’ve got the statutory authority from Congress,” said James Dunstan, a senior council at TechFreedom. “And in cases where they don’t, say: No, you really shouldn’t be adopting these rules because we don’t think you’ve got the statutory authority.”

Complicating matters is the presence of SpaceX CEO Elon Musk, who has been the face of Mr. Trump’s cost-cutting efforts. Mr. Musk has long been critical of regulatory oversight from federal agencies such as the Federal Aviation Administration and could see cutting the space council as a prerogative for the Department of Government Efficiency.

Mr. Musk’s position in the White House has raised concerns from some that he may have too much influence over U.S. space policy. Reaffirming the space council could help assuage fears.

Fake Blake and her hubby are incredibly narcissistic and it's frustrating that hollyweird won't put a stop to it because the majority are this way too. They rally around top earners and other A listers to cover their own butts. They bully the little guy because they essentially don't stand a chance. I'm glad Justin has receipts and tje financial backing to fight back. Justin is the ultimate underdog who got played and this is why we, the public, stand by him. We should all pay attn to what is happening because even if we don't know them or their issue doesn't affect us directly, this is a classic case of rich vs 'poorer'; power vs 'the little guy'; ultimately good vs evil.

Education Department cancels $881 million in research contracts
The Trump administration canceled $881 million in contracts for education research this week, targeting programs its Department of Government Efficiency flagged as examples of wasteful spending.

The Trump administration canceled $881 million in contracts for education research, targeting programs its Department of Government Efficiency flagged as examples of wasteful spending.

In announcing the cuts, DOGE noted that one contractor was paid $1.5 million to “observe mailing and clerical operations at a mail center.”

In the latest results published last month, the NAEP found that 31% of fourth graders and 30% of eighth graders nationally were reading proficiently in 2024. That was down 2% and 1% from the last exam in 2022, respectively, and a 10-point drop from 2019.

Several nonprofit academic research companies claimed the cuts went much deeper and could prevent the department’s National Center for Education Statistics from gathering essential information for families and policymakers.

'Transgender,' 'queer' removed from Stonewall National Monument website
The National Park Service has removed the words "transgender" and "queer" from the website for the Stonewall National Monument in New York, a major landmark for the LGBTQ movement,

The National Park Service has removed the words “transgender” and “queer” from the website for the Stonewall National Monument in New York, a major landmark for the LGBTQ movement, as it complies with an executive order from President Trump.

The national monument, a park, commemorates the 1969 protests at the Stonewall Inn bar in Greenwich Village in New York City. Gay, lesbian and transgender people at the inn fought back against a police raid on June 28, 1969, and protested for several days afterward. A year later, activists held one of the first pride parades in the U.S. near the scene of the uprising.

“The practical value of the censorship resistance guarantee is dependent on (i) L1 fees being sufficiently low, and (ii) L1 having enough space that users can send bypass transactions even if an L2 censors a large number of users en masse,” he said.

Buterin also gives the example of an L2 mass exit situation, saying that at present, Ethereum might not be able to handle a mass withdrawal if a large L2 with millions of users collapses without scaling as much as 9x.

He outlines several other potential scenarios before concluding that “there is significant value to ~10x scaling of L1 gas even in an L2-dominated world.”

Milrod notes the firm will “onboard clients across these services in a phased manner” beginning next year. However, the Federal Reserve will have to sign off on many of State Street’s crypto custody business ideas.

This would not be the first time State Street has jumped into the crypto fold. As far back as 2028, State Street partnered with crypto data provider Lukka to develop comprehensive digital asset fund administration services.