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There’s a year-end rush in all aspects of life.

Businesses try to run up profits in December. Supervisors want to finish employee reviews. Professors must grade exams.

Congress is no different.

There’s always a race to the finish line in December on Capitol Hill. 

This year’s adventure is health care. But it’s a practical impossibility that Congress can actually make law on health care before the calendar flips. Premium spikes for 24 million Americans loom on January 1st. Congress tried — kinda — to address this problem. But not really.

So, if you’re that professor handing out the grades at the end of the semester, prepare to flunk some pupils, if not the entire Congressional student body.

Senate Majority Leader John Thune, R-S.D., hermetically sealed any possibility of addressing health care in 2025 on Tuesday afternoon.

‘We’re not going to pass anything by the end of this week. But I do think there is a potential pathway in January if Democrats are willing to come to the table,’ said Thune.

House Speaker Mike Johnson, R-La., rapidly assembled a bill to allow groups of people – like a bunch of small businesses or a coalition of carpenters – to purchase what they call ‘association’ health plans. In other words, this alliance of people would suddenly have ‘buying power’ if they operate as a team. So if they purchase a set of plans as an ‘association,’ that would defray the cost.

‘This is going to be a great piece of legislation that everybody will unite around,’ said Johnson.

But many Republicans groused privately that it’s one thing to do ‘a health care bill.’ It’s another thing to actually short-circuit the astronomical leap in premiums which hit on January 1.

Rep. Don Bacon, R-Neb., spoke frankly about simply re-upping the existing subsidies.

‘We need to do deeper fixes. This is throwing good money after bad. There is some truth to that. But we have constituents. They’re going to have their premiums go up. That doesn’t help them. That’s why I think we need a temporary extension,’ said Bacon.

Many conservatives adamantly oppose continuing the subsidies. Even if that would help their constituents.

But Bacon addresses the realpolitik of the moment. 

‘It’s not our fault that these things are skyrocketing. But we are in charge. When you’re in charge, you’ve got to deal with it,’ said Bacon. ‘They’re going to have to find some compromise.’

A Christmas Congressional crunch often compels lawmakers to solve big legislative headaches before the holidays.

‘What intensifies the pressure is January 1st is coming,’ said Rep. Adam Smith, D-Wash. ‘It’s having a huge impact on people. I think that is definitely a forcing mechanism.’

The push from Democrats — and some vulnerable Republicans — was to renew the subsidies.

‘I don’t understand why we can’t just do a clean extension of what we just had in place earlier this year,’ said Rep. Alexandria Ocasio-Cortez, D-N.Y. ‘I think that is the easiest and most accessible, no nonsense thing for us to do. Especially as the year is coming to an end.’

But that wouldn’t fly with conservative Republicans.

‘I pity the Republican that has to explain why they would propagate or perpetuate a fraud-ridden subsidy from the COVID-era to prop up a failed health care program,’ said House Budget Committee Chairman Jodey Arrington, R-Texas. 

Rep. Eric Burlison, R-Mo., also opposes extending Obamacare help. But he worries what voters will think of Republicans if the party doesn’t address health care costs. 

‘I think that we fail the American people. We fail our base. We fail the Republican Party. Before I got up here, I was frustrated the Republicans didn’t repeal Obamacare,’ said Burlison. 

‘Repealing Obamacare’ probably won’t happen. That’s because the GOP has tried to unwind the measure since Democrats passed the first versions of it in late 2009. That’s why even through everyone was talking about health care on Capitol Hill, most were skeptical that lawmakers could solve this in a matter of days.

Despite possible Christmas magic.

And even as Thune punted health care into 2026, the House still nibbled around the edges. Critics argued this was only so House Republicans could inoculate themselves from denunciations that they did nothing on health care.

On Tuesday morning, Johnson nixed an idea from GOP moderates for a temporary extension of expiring Obamacare subsidies because it didn’t comply with Congressional budgetary rules.

But by afternoon, Johnson reversed himself to entertain another plan backed by Rep. Nick LaLota, R-N.Y. 

Rather than simply extending federal Obamacare subsidies on an interim basis — which means that insurance companies receive the money — LaLota’s idea provides a two-year tax deduction for those who previously received the Obamacare aid.

President Trump said he would not sign a bill which continued to send money to the insurance companies. So the revamped approach cuts out insurance companies from the equation and policyholders score the tax relief.

‘There’s a real possibility they’ll get a vote on it,’ said Johnson. ‘I’ve tried everything I can to get them that vote on the floor.’

But a roll call vote is a far cry from an actual fix. And it’s uncertain that the House would adopt any amendment and copy it onto the underlying GOP health care bill.

However, a vote on the amendment could give Republicans from swing districts a fig leaf to say they tried to defuse the health care premium crisis. And it’s still unclear if voters might blame Republicans for not addressing health care — now that Democrats copied that issue onto the fall government funding fight.

Health care will be a major issue in the 2026 midterms.

Senate Minority Leader Chuck Schumer, D-N.Y. appeared skeptical that Congress could address the skyrocketing premiums in the near year.

‘You can’t do it after January 1st,’ said Schumer. ‘It’s expired already. It’s not the same as it was before. Once it expires, the toothpaste is out of the tube. 

Schumer also refused to commit to deploying the same maneuver about health care as the next government funding deadline approaches on January 30.

In short, Congress isn’t going to solve health care by Christmas.

But perhaps by Groundhog Day?

If that’s the case, any discussion about health care tied to Groundhog Day, probably resembles, well, Groundhog Day.

This post appeared first on FOX NEWS

Sen. Eric Schmitt, R-Mo., is being sued by the People’s Republic of China (PRC) for tens of billions of dollars in damages for a lawsuit he filed against the country during his time as Missouri’s attorney general.

Schmitt is being sued by the People’s Government of Wuhan Municipality, the Chinese Academy of Sciences and the Wuhan Institute of Virology of the Chinese Academy of Sciences for roughly $50 billion, several years after the lawmaker sued the country during the COVID-19 pandemic.

The lawsuit, first obtained by Fox News Digital, accused Schmitt, FBI co-deputy director Andrew Bailey, and the state of Missouri of damaging the reputations of China, Wuhan and the associated research facilities through ‘malicious vexatious litigation, fabricating enormous disinformation, and spreading stigmatizing and discriminating slanders.’

Schmitt said in a statement to Fox News Digital that he’d been ‘banned from Communist China, and now I am being sued and targeted by Communist China in a $50 billion lawfare campaign, and I’ll wear it like a badge of honor.’ 

‘China’s sinister malfeasance during the COVID-19 pandemic led to over a million Americans losing their lives, economic turmoil that rocked our country for years, and an enormous amount of human suffering, and as Missouri Attorney General I filed suit to hold them accountable,’ Schmitt said. ‘Instead of trying to defend its indefensible behavior, Communist China responded with frivolous lawfare, attempting to absolve themselves of all wrongdoing in the early days of the pandemic.’ 

‘This novel lawsuit is factually baseless, legally meritless, and any fake judgment a Chinese court issues in this lawsuit we will easily beat back and keep from being enforced against the people of Missouri or me,’ he continued. ‘This is their way of distracting from what the world already knows, China has blood on its hands.’

Schmitt, who served as attorney general for the Show-Me state from 2019 to 2023, sued the PRC, several Chinese government ministries, the Communist Party of China, the Wuhan Institute of Virology and the Chinese Academy of Sciences in early 2020, shortly after the beginning of the COVID-19 pandemic.

At the time, Schmitt accused the Chinese government of withholding information on the COVID-19 virus, failing to contain the outbreak of the virus, and actively hoarding high-quality personal protective equipment (PPE) while producing and selling lower-quality PPE for the rest of the world.

That case resulted in an eventual $24 billion judgment earlier this year.

The lawsuit against Schmitt, Bailey, who resigned as Missouri’s attorney general after he was tapped by President Donald Trump to serve as co-deputy FBI director in September, and Missouri contended that the preceding lawsuit, and statements published across a variety of media outlets, led to severe reputational and economic harm.

They’re demanding that apologies be published in several outlets, including The New York Times, CNN, Wall Street Journal, Washington Post and Chinese media outlets. The apologies come with a price tag, too.

Wuhan and the Chinese government demanded compensation of over 356 billion Chinese Yuan, which converts to just over $50 billion dollars.

This post appeared first on FOX NEWS

A federal judge on Tuesday said he was ‘inclined to deny’ a bid to force the Trump administration to halt construction of the White House ballroom but warned officials not to undertake any irreversible work before a January hearing that could still stop the project.

U.S. District Judge Richard Leon said he will hold another hearing during the second week in January and hinted he may still order a pause.

‘Any below ground construction’ in the coming weeks that dictates above-ground work should be avoided, Leon said, adding, ‘be prepared to take that down.’

Lawyers for the National Trust for Historic Preservation in the U.S. argued the case is not about the need for a ballroom but about the need to follow the law.

They said any construction on federal land requires congressional approval.

Lawyers representing the National Park Service countered that President Trump has authority to direct construction at the White House, saying ‘work must continue for national security issues.’

‘See you in January,’ Leon said as he warned the government not to pursue anything irreversible.

Attorney General Pam Bondi weighed in Tuesday evening.

‘Today @TheJusticeDept attorneys defeated an attempt to stop President Trump’s totally lawful East Wing Modernization and State Ballroom Project,’ she wrote on X. ‘President Trump has faced countless bad-faith left-wing legal attacks – this was no different. We will continue defending the President’s project in court in the coming weeks.’

On Monday, the Trump administration argued in a court filing that pausing construction would undermine national security, citing a Secret Service declaration warning that halting work would leave the site unable to meet ‘safety and security requirements’ necessary to protect President Donald Trump.

The declaration said the East Wing, demolished in October and now undergoing below-grade work, could not be left unfinished without compromising essential security measures.

The National Trust for Historic Preservation sued last week to stop the project, arguing the government had to follow federal review procedures before any irreversible work began.

The group said the proposed 90,000-square-foot addition, now estimated at more than $300 million, would overwhelm the Executive Residence and permanently alter the White House’s historic design.

The administration countered that the lawsuit was premature, noting regulatory reviews were still coming and above-grade construction was not scheduled to begin until April 2026.

The National Trust said early intervention was necessary, citing warnings from architectural historians who said the ballroom would mark the most significant exterior change to the White House in more than 80 years.

Fox News Digital’s Ashley Carnahan contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump on Tuesday ordered a total blockade of oil tankers entering or leaving Venezuela, declaring the Nicolás Maduro regime a foreign terrorist organization and accusing it of using stolen U.S. assets to finance terrorism, trafficking and other criminal activity.

‘Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America,’ Trump said on Truth Social. ‘It will only get bigger, and the shock to them will be like nothing they have ever seen before – Until such time as they return to the United States of America all of the Oil, Land, and other Assets that they previously stole from us.

‘The illegitimate Maduro Regime is using Oil from these stolen Oil Fields to finance themselves, Drug Terrorism, Human Trafficking, Murder, and Kidnapping,’ he continued. ‘For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, the Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION.

‘Therefore, today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela,’ Trump added. ‘The Illegal Aliens and Criminals that the Maduro Regime has sent into the United States during the weak and inept Biden Administration, are being returned to Venezuela at a rapid pace. America will not allow Criminals, Terrorists, or other Countries, to rob, threaten, or harm our Nation and, likewise, will not allow a Hostile Regime to take our Oil, Land, or any other Assets, all of which must be returned to the United States, IMMEDIATELY.’

Trump announced Wednesday that the U.S. had seized an oil tanker called the ‘Skipper’ off the coast of Venezuela, sharply escalating U.S. tensions with the nation. The tanker was seized for allegedly being used to transport sanctioned oil from Venezuela and Iran, according to Attorney General Pam Bondi.

The ‘Skipper’ is a vessel that secretly ferries oil in defiance of sanctions, while also being part of an armada of roughly 1,000 tankers that quietly navigate global sea routes to move oil from sanctioned countries like Russia, Iran and Venezuela, according to the administration.

The so-called ‘ghost ships’ sail under foreign flags to obscure their origins, repeatedly change names, shift ownership through shell companies, disable transponders to evade tracking and conduct mid-sea transfers to mask their cargo.

The ‘Skipper’ was loaded with an estimated 1.8 million barrels of oil earlier in December before transferring an estimated 200,000 barrels just before its seizure, Reuters reported.

The oil on the tanker is likely worth $60 million to more than $100 million, based on current average oil prices. Fox News Digital reached out to the White House for any additional comment on the estimated price tag of the oil but did not immediately receive a reply. 

The U.S. military has carried out strikes on suspected drug trafficking boats near Venezuela since September as part of Trump’s mission to end the flow of drugs into the nation.

There have been at least 22 strikes on suspected narcotraffickers near Venezuela, killing 87, since September.

The boat strikes are viewed as part of a U.S. pressure campaign on Venezuela likely aimed to not only curb the flow of drugs, but also to oust Maduro as leader of the oil-rich nation. 

Fox News Digital’s Amanda Macias contributed to this report.

This post appeared first on FOX NEWS

US President Donald Trump is reportedly weighing a major shift in federal drug policy that would relax decades-old restrictions on cannabis, potentially injecting new life into the industry.

Six people familiar with the discussions told the Washington Post that Trump is preparing an executive order directing federal agencies to pursue the reclassification of cannabis from a Schedule I substance to Schedule III.

The effort, still under internal review, was the focus of a December 10 phone call between Trump and House Speaker Mike Johnson, several of the sources said. Joining the call were cannabis industry executives, Secretary of Health Robert F. Kennedy Jr. and Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services.

The people spoke on the condition of anonymity because they were not authorized to discuss the meeting publicly.

Johnson reportedly expressed skepticism and laid out several studies and data points opposing rescheduling, but by the end of the call, Trump appeared inclined to proceed. However, the sources emphasized that no final decision has been made and that he could still change course; this was later confirmed by another White House official.

Reclassification would shift cannabis from Schedule I status — reserved for substances deemed to have high potential for abuse and no accepted medical use — to Schedule III, which includes Tylenol with codeine and certain steroids.

The shift would not legalize recreational use under federal law, but would remove some of the most onerous constraints faced by medical researchers and by companies operating legally in dozens of states.

“This would be the biggest reform in federal cannabis policy since marijuana was made a Schedule I drug in the 1970s,” said Shane Pennington, a DC attorney who represents companies involved in rescheduling litigation.

He noted that while Trump cannot unilaterally change the drug schedule, he can instruct the Department of Justice to bypass a pending administrative hearing and finalize the rule.

The political backdrop has shifted sharply in recent years. Cannabis is legal for medical use in most states and for recreational use in 24, and has become a multibillion-dollar industry. Both Democrats and Republicans have expressed interest in rescheduling even as broader legalization remains deeply contested at the federal level.

For cannabis businesses, reclassification would be economically transformative.

Current tax rules prohibit companies that sell Schedule I substances from deducting ordinary business expenses, a barrier that industry representatives have long described as crushing.

“This monumental change will have a massive, positive effect on thousands of state-legal cannabis businesses around the country,” said Brian Vicente, founding partner at Vicente. “Rescheduling releases cannabis businesses from the crippling tax burden they have been shackled with and allows these businesses to grow and prosper.”

Policy advocates say the move would eliminate a central pillar of the federal government’s 50 year prohibition regime, while also highlighting how much work remains.

“This is the beginning of a new era of public health policy,” said Shawn Hauser, also a partner at Vicente.

She called the directive “a long-overdue acknowledgment of marijuana’s medical value and safety,” while warning that rescheduling alone will not resolve broader regulatory inconsistencies or criminal justice disparities.

Trump, who said in August that he was “looking at reclassification,” inherited a stalled proposal originally launched by then-President Joe Biden that recommended moving cannabis to Schedule III.

Rescheduling’s origins trace back to October 2022, when Biden instructed the Department of Health and the Drug Enforcement Administration (DEA) to review whether the current classification for cannabis is scientifically justified.

Health officials concluded in 2023 that it is not, prompting the DEA to propose shifting cannabis to Schedule III in early 2024. The proposed rule has been frozen since March 2025.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (December 15) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$85,873.25, down by 3 percent over 24 hours.

Bitcoin price performance, December 15, 2025.

Chart via TradingView.

A bruising bout of weekend volatility pushed Bitcoin to a two week low near US$87,500 amid thin liquidity. Buyers emerged early on Monday to briefly lift prices toward the US$89,500 to 89,700 range, but both DeFi and traditional markets slipped in early trading after Greg Jensen, co-CIO of hedge fund giant Bridgewater Associates, issued a client note warning that Big Tech’s heavy reliance on external capital for artificial intelligence (AI) investments has entered a “dangerous” phase, amplifying AI bubble fears and exacerbating last week’s tech selloff into Monday.

Bitcoin fell to lows around US$85,400, and the global crypto market cap saw a 24 hour decrease of 3.2 percent.

In a post on X, veteran trader Peter Brandt highlighted that Bitcoin’s advance has fractured after failing to hold support following October highs. He warned that this breakdown could trigger “exponential decay” since each bull cycle has yielded smaller gains. Based on historical precedents, Bitcoin could see a drop to US$25,000.

Ether (ETH) was priced at US$2,930.31, down by 5.1 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.89, down by 5.2 percent over 24 hours.
  • Solana (SOL) was trading at US$125.43, down by 3.6 percent over 24 hours.

Crypto derivatives and market indicators

Bitcoin futures open interest rose slightly to US$59.63 billion, while Ether open interest dipped to US$38.2 billion, signaling modest Bitcoin accumulation amid Ether caution.

Heavy long liquidations confirm capitulation selling pressure. Positive funding rates show some bulls hanging on despite pain, but a relative strength index of 27.03 marks extreme fear, historically preceding sharp reversals in crypto.

Elevated Bitcoin funding rates reflect pricier long bias persisting, but decay could accelerate if shorts pile in.

Overall market sentiment skews fearful, with Bitcoin holding firmer than Ether.

Today’s crypto news to know

Strategy expands Bitcoin holdings amid price slump

Michael Saylor’s Strategy (NASDAQ:MSTR) announced on Monday that it has acquired an additional 10,645 BTC for US$980.3 million, paying an average price of $92,098 per coin.

That brings Strategy’s total holdings to 671,268 BTC. “As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin,” the company said in an X post.

JPMorgan launches tokenized money market fund

JPMorgan Chase’s (NYSE:JPM) US$4 trillion asset management arm is launching its first tokenized money market fund, the My OnChain Net Yield Fund, on the public Ethereum blockchain. The fund runs on JPMorgan’s Kinexys platform as a private placement under Rule 506(c), targeting institutions via the Morgan Money trading system.

“Active management and innovation are at the heart of how we deliver new solutions for investors navigating today’s financial landscape,” said George Gatch, CEO of JP Morgan Asset Management. “By harnessing technology alongside our deep expertise in active management, we’re able to provide clients with advanced, innovative, and cost-effective capabilities that help them achieve their investment goals.”

Bitget launches TradFi private beta for traditional assets

Monday saw Bitget announce the private beta launch of Bitget TradFi, a new feature enabling crypto users to open bets on traditional assets using the stablecoin USDT. Fees start at US$0.09 per lot.

Positions will be margined and settled in USDT, eliminating the need for separate brokers or currency conversions, with up to 500x leverage, a tight spread and regulation by Mauritius’ Financial Services Commission.

“The shift in wealth management is happening now, assets that were previously only available on certain niche markets are now on Bitget,’ said Gracy Chen, CEO of Bitget, in the company’s announcement

‘This is historic; crypto, stocks, gold, forex and commodities now coexist under a single system. This is what a universal exchange merging wealth management under a roof looks like; it’s now present-day finance.’

UK moves to place crypto firms under full regulation

UK officials are preparing legislation that would move crypto companies fully inside the country’s financial regulatory framework. According to the Guardian, the plan involves putting crypto service providers under regulation like other financial firms, subject to the Financial Conduct Authority’s rules on consumer protection, governance, transparency and market conduct. Treasury officials say the shift is meant to close longstanding gaps as crypto activity becomes more entwined with mainstream finance rather than operating at the regulatory edges.

Legislation is expected by October 2027 to give firms time to adjust to the more demanding compliance environment.

If enacted, the move would mark a structural change for UK-based crypto startups, which until now have largely operated without full product-level regulation.

HashKey prices Hong Kong IPO at top end at US$206 million

HashKey Holdings, Hong Kong’s largest licensed crypto exchange, is set to raise about US$206 million after pricing its initial public offering near the top of its marketed range, according to a source familiar with the deal.

The company priced shares at 6.68 Hong Kong dollars, valuing the exchange operator as it prepares to debut on the Hong Kong Stock Exchange on Wednesday (December 17). HashKey operates across trading, asset management, brokerage and tokenization, and runs the city’s biggest regulated crypto exchange.

While Mainland China continues to warn against crypto speculation, Hong Kong has taken the opposite approach, positioning itself as a regulated gateway for digital finance.

North Korean hackers drain wallets using fake online meetings

North Korean cybercrime groups are using fake Zoom (NASDAQ:ZOOM) and Microsoft (NASDAQ:MSFT) Teams meetings to steal crypto, draining more than US$300 million through the tactic so far, according to security researchers.

According to CryptoNews, the scam typically starts with a message from a compromised Telegram account that appears to belong to someone the victim already knows. Victims are then invited to what looks like a legitimate video call, complete with convincing video feeds that are actually pre-recorded footage.

During the call, attackers claim there is an audio problem and send a supposed software “patch” that installs malware. The malware can extract passwords, private keys and internal security data, allowing attackers to empty crypto wallets.

Global crypto thefts have already surpassed US$2 billion this year, with North Korea-linked groups remaining among the most active and sophisticated actors in the space.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

TSX-V: WLR

Frankfurt: 6YL

 Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL) ‘Walker Lane’) announces the resignation of John Land as a Director of the Company and the appointment of Mr. Kevin Brewer, Director and CEO as interim Chairman of the Board.

The Board wishes to thank Mr. Land for his significant contribution to the Company. 

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/16/c7861.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (December 12) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$90,250.03, down by 2.6 percent over 24 hours. It has extended its bullish tone this week as markets absorbed the US Federal Reserve’s interest latest rate cut and reassessed risk sentiment across assets.

Bitcoin price performance, December 12, 2025.

Chart via TradingView.

The Fed has now cut rates three times in three months, bringing the target range down to 3.5 to 3.75 percent.

Bitcoin dipped to US$89,000 to US$90,000 lows at the US market open, echoing post-Fed pullback patterns noted by Santiment across all three cuts since September.

Ether (ETH) was priced at US$3,084.18, down by 5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2, down by 2.1 percent over 24 hours.
  • Solana (SOL) was trading at US$131.52, down by 4.2 percent over 24 hours.

Fear and Greed Index snapshot

Open interest eased, while US$3.1 million Bitcoin and US$3.92 million Ether long liquidations signaled deleveraging. A neutral relative strength index and low funding rates kept positioning balanced post-expiry.

CMC’s Crypto Fear & Greed Index continues to hold firm in fear territory, remaining firmly risk-averse on Friday and staying at 29 for a second consecutive day. Despite Bitcoin’s recent upward trend and stabilization at the US$92,000 mark, investors continue to exercise caution after a volatile fourth quarter, reinforcing the view that traders remain reluctant to take on aggressive positions despite improved liquidity conditions elsewhere.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Bessent prepares policy shift on crypto regulation

US Secretary of the Treasury Scott Bessent is preparing a major policy letter that would direct the Financial Stability Oversight Council (FSOC) away from its post-2008 focus on tightening rules and toward re-evaluating whether existing regulations hinder growth. The draft letter, obtained by CNBC, says the FSOC will begin assessing whether certain oversight measures “impose undue burdens” that may undermine stability by limiting innovation.

The FSOC, originally created to prevent another financial collapse, coordinates oversight between the Fed, the SEC, the Commodity Futures Trading Commission (CFTC) and other agencies.

If finalized, the policy would empower agencies to roll back or revise rules deemed outdated or overly restrictive.

OCC approves US trust bank approvals

The Office of the Comptroller of the Currency (OCC) has conditionally approved national trust bank charters for Circle’s (NYSE:CRCL) First National Digital Currency Bank and the Ripple National Trust Bank. The OCC also endorsed transitions for existing state charters held by Paxos Trust Company, BitGo Bank & Trust and Fidelity Digital Assets.

With these approvals, the firms can now operate nationwide under federal oversight, enhancing stablecoin issuance and digital asset services like custody.

Pakistan clears Binance and HTX to begin licensing process

Pakistan has granted initial clearance for Binance and HTX to set up local subsidiaries and begin preparing applications for full digital asset exchange licences.

The Pakistan Virtual Assets Regulatory Authority issued “no objection certificates” after reviewing each platform’s governance, compliance structures and risk controls, though the approvals stop short of permitting trading activity.

The certificates also allow both companies to register on Pakistan’s anti-money-laundering system and begin establishing regulated local entities ahead of a forthcoming licensing regime.

Pakistan Virtual Assets Regulatory Authority Chair Bilal bin Saqib said the phased model will admit only platforms that meet strict global standards on anti-money-laundering and counter-terror financing.

Pakistan, one of the world’s largest crypto markets by retail activity, is simultaneously developing a Virtual Assets Act, while coordinating with US-based World Liberty Financial on digital infrastructure proposals.

Phantom integrates Kalshi prediction market

Phantom has integrated Kalshi’s regulated prediction markets, allowing in-app trading on events like elections, sports, crypto trends and macroeconomics using Solana or its CASH stablecoin.

Users can access live odds, notifications, tokenized positions and community chat without external accounts, leveraging Kalshi’s CFTC oversight and recent high volumes.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

2025 was a watershed year for gold, which set new highs as its safe-haven appeal increased.

As global uncertainty intensified, the metal began to receive mainstream attention as a standout asset.

With the year set to mark one of gold’s strongest annual performances in decades, it’s a fitting moment to look back and revisit our most popular gold news stories of 2025.

Read on to see what caught our audience’s attention over the last 12 months.

1. Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

Publish date: June 24, 2025

In June, growing distrust in US custodianship of foreign gold reserves and political uncertainty linked to the Trump administration put pressure on Germany and Italy to repatriate their foreign bullion.

At the time, both countries collectively held more than US$245 billion in gold reserves at the Federal Reserve Bank of New York, and local political leaders were raising concerns that the US had become a less neutral custodian.

German taxpayer advocates warned that increasing political influence over the US Federal Reserve could jeopardize access to foreign-owned bullion. Similar concerns surfaced in Italy, where critics argued that continuing to store gold abroad posed a strategic risk during a period of heightened geopolitical tension.

Germany repatriated 674 metric tons of gold from 2013 to 2017, but 37 percent of its reserves remain in New York.

2. What Does the GDX Index Change Mean for Gold Investors?

Publish date: September 19, 2025

In September, the world’s largest gold-mining stock exchange-traded fund (ETF) — the US$20.5 billion VanEck Gold Miners ETF (ARCA:GDX) — underwent a major structural overhaul.

VanEck transitioned GDX from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index, ending a benchmark relationship in place since 2004.

The switch adopted free-float market-cap rules that exclude locked-up or government-held shares, aligning the fund with index standards commonly used in broader equity markets.

3. Barrick’s Bristow Steps Down Following Hemlo Sale and Mali Challenges

Publish date: September 29, 2025

Barrick Mining (TSX:ABX,NYSE:B) went through a major leadership transition this year after CEO Mark Bristow unexpectedly left the company following nearly seven years at the helm.

Bristow, who had led the company since the 2019 merger with Randgold Resources, stepped down amid strategic disagreements with Barrick Chair John Thornton and a year marked by operational challenges, including ongoing legal and political challenges in Mali, where its Loulo-Gounkoto complex is located.

Bristow’s departure also came shortly after Barrick finalized a US$1.09 billion sale of its Hemlo mine in Ontario, formally marking its exit from primary Canadian gold production to concentrate on higher-margin international operations.

Chief Operating Officer Mark Hill assumed interim CEO responsibilities as the board initiated a global search for a successor. Hill previously oversaw Barrick’s Latin America and Asia-Pacific operations, and played a key role in the company’s initial decision to explore the Fourmile gold project in Nevada.

4. Mali Enforces Gold Seizure at Barrick’s Loulo-Gounkoto Mine

Publish date: January 13, 2025

Barrick’s tensions with Mali’s military government intensified at the start of 2025 after authorities seized gold shipments from the firm’s Loulo-Gounkoto mine, which accounts for roughly 14 percent of its annual production.

At the time, officials claimed Barrick owed more than US$500 million in unpaid taxes and state dividends under a revised mining code implemented in 2023. Detentions and legal threats against local staff heightened the conflict further, and the government reportedly intercepted approximately 3 metric tons of bullion.

The year-long dispute reached a conclusion on November 24, when Barrick confirmed a settlement with the Malian government that restores full control over the Loulo-Gounkoto mine.

Under the terms, the company was to pay 244 billion CFA francs (US$430 million), with 144 billion CFA francs due within six days of signing and an additional 50 billion CFA francs applied through VAT credit offsets.

In exchange, Mali was to drop all charges against Barrick, lift state control of Loulo-Gounkoto, release four detained employees and renew the company’s mining permit for another decade.

The agreement also requires Barrick to comply with Mali’s 2023 mining code — the same legislation that triggered the original confrontation.

5. Navigating Uncertainty: How Trump’s Tariffs Are Affecting the Gold Market

Publish date: August 27, 2025

US trade policy sparked gold market turbulence after confusion surrounding import tariffs, including whether Swiss-refined 1 kilogram and 100 ounce bars would be subject to rates near 39 percent. Traders rushed to secure physical imports amid the uncertainty, widening spreads between New York futures and London spot benchmarks.

The volatility eased only after US officials clarified their position.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Senate advanced the annual defense policy bill on an overwhelmingly bipartisan vote on Monday, teeing up final passage later in the week.

The National Defense Authorization Act (NDAA) of 2026 is one of the must-pass legislative packages that Congress deals with on an annual basis, and it unlocked billions of dollars in funding for the Pentagon and several other defense-related items.

Lawmakers pushed the colossal authorization package through a key procedural hurdle on a 76-20 vote. Senators will get their chance to tweak the package with several amendment votes in the coming days.

The roughly $901 billion package, which is about $8 billion over what President Donald Trump requested earlier this year, typically acts as a bookend for Congress, capping off the year as one of the few must-pass items on the docket. And, given that there is no government funding deadline to contend with, the NDAA is getting primetime treatment in the Senate.

Still, there are myriad items that lawmakers hope to tackle before leaving until the new year, including a fix to expiring Obamacare subsidies, confirming nearly 100 of Trump’s nominees, and a potential five-bill funding package that, if passed, would go a long way toward warding off the specter of another government shutdown come Jan. 30.

Scattered throughout the colossal package’s roughly 3,000 pages are several provisions dealing with decades-old war authorities, strikes on alleged drug boats in the Caribbean, Ukraine, lifting sanctions, and Washington, D.C.’s, airspace.

This year’s NDAA would scrap the 1991 and 2002 authorizations of use of military force (AUMFs) for the Gulf War and Iraq War, respectively. Lawmakers have found rare bipartisan middle ground in their desire to nix the AUMFs, which have been used by previous administrations to engage in conflicts in the Middle East for decades.

Then there is a policy that includes several requirements to fulfill the Pentagon’s travel budget, one of which would force the agency to hand over all unedited footage from the Trump administration’s strikes against alleged drug boats.

It’s a pointed provision that underscores the bipartisan concern from Congress over the administration’s handling of the strikes, particularly in the wake of a double-tap strike on Sept. 2 that has seen several lawmakers demand more transparency and access to the footage.

There is also a provision that has stirred up controversy among Senate Republicans and Democrats alike that would roll back some safety standards in the Washington, D.C., airspace. It comes on the heels of the collision between a Black Hawk helicopter and passenger jet near Ronald Reagan Washington National Airport earlier this year.

Senate Commerce, Science and Transportation Committee Chair Ted Cruz, R-Texas, and Sen. Maria Cantwell, D-Wash., the top ranking Democrat on the panel, are pushing to have the provision stripped with their own amendment, which would codify the safety tweaks made after the midair collision.

Cruz said alongside family members of the victims of the crash, which killed 67, that the provision didn’t go through the ordinary clearances.’ 

‘Normally, when you’re adding a provision to the NDAA that impacts aviation, you would request clearance from the chairman and ranking member of the Senate Commerce Committee,’ Cruz said. ‘No clearance was requested. We discovered this provision when the final version of the bill dropped out of the House and it was passed.’

There are also several provisions that deal with Ukraine, including an extension of the Ukraine Security Assistance Initiative, which would authorize $400 million each year to buy weapons from U.S. defense companies.

There’s a provision that would prevent the U.S. from quietly cutting off intelligence support to the country by requiring at least 48-hours notice detailing why, how long it would last and the impact on Ukraine.

There’s also a provision that would beef up reporting requirements for all foreign aid flowing to Ukraine from the U.S. and other allies supporting the country in its conflict with Russia.

This post appeared first on FOX NEWS