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Trump blames the shooting incident on the unfinished White House banquet hall

Trump stated in a post: "What happened last night (referring to the White House Correspondents' Dinner shooting incident) is exactly why our great military, Secret Service, law enforcement, and past presidents over the last 150 years have demanded the construction of a large, secure banquet hall within the White House. If it weren't for the military's top-secret banquet hall currently being built at the White House, this incident would not have occurred. The sooner it is built, the better!It is not only beautiful but also equipped with all the highest-level security facilities. Furthermore, it does not have upstairs rooms that allow unauthorized personnel to enter freely, and it is located within the gates of the safest building in the world—the White House. The absurd lawsuit regarding the banquet hall raised by a woman walking her dog must be withdrawn immediately; she is not qualified to file such a lawsuit. Nothing should interfere with the construction of the banquet hall, which is well within budget and progressing far ahead of schedule!"It is reported that the shooting incident at the White House Correspondents' Dinner occurred at the Washington Hilton. In July 2025, the Trump administration launched a renovation plan for the East Wing of the White House, intending to demolish the existing building and construct a large banquet hall of approximately 8,300 square meters, capable of accommodating about 1,000 people, along with supporting facilities such as an underground hospital and air raid shelter, with a budget of $300-400 million entirely funded by private donations (from tech giants, etc.) to address the severe space shortage of the current state dining room.After the project quickly demolished the East Wing, it faced lawsuits from organizations such as the National Trust for Historic Preservation for bypassing congressional authorization, national historic preservation review, and public opinion solicitation procedures. Federal Judge Richard Leon has repeatedly ruled that the president does not have the authority to unilaterally undertake large-scale renovations of historically significant White House buildings, ordering a suspension of above-ground construction, currently in a legal tug-of-war state of "underground safety facilities may continue, above-ground banquet hall construction suspended."

first_img Fan Wenzhong, Executive Director of the China Financial Society: We are at a moment when money shops and bill houses are transitioning to modern banking, and the decentralized intelligent agent economy will reshape the future

ChainCatcher reported live that Fan Wenzhong, Executive Director of the Chinese Financial Society and former Chairman of Beijing Financial Holdings Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that we are currently at a historical turning point similar to the transition from pawnshops to modern banking, where AI is an advanced productive force in the physical world, and Web3 represents a new type of production relationship in the digital world. The integration of the two will give rise to a Decentralized Agent Economy (DAE).He analyzed that AI Agents have execution capabilities but lack independent identity, accounts, and trust mechanisms, while Web3 addresses these pain points through smart contracts, on-chain identities, and programmable currencies; conversely, AI Agents significantly lower the barriers to using Web3. He proposed that DAE has four major characteristics: agent sovereignty and 24/7 operation, high-frequency atomic exchanges, a collaboration mechanism based on technological trust rather than moral or legal frameworks, and the organizational evolution from companies to DAOs and then to Decentralized AI Companies (DACs).He warned that this transformation will impact the labor market, with white-collar workers being replaced before blue-collar workers. AI quantitative funds have already achieved returns far exceeding those of retail investors, and he suggested that the government proactively advance social security reforms. Finally, he recommended that Hong Kong develop a self-controllable high-performance public chain, pilot limited digital persona registrations, attract Web3+AI composite talents, establish a digital finance industry fund, and promote collaborative innovation between the Hong Kong dollar stablecoin and digital renminbi.

White House Advisor: Multiple differences in the "Clarity Act" are gradually being resolved, and the compromise plan for stablecoin yields is expected to be maintained

Patrick Witte, the Executive Director of the White House Digital Assets Presidential Advisory Committee, stated on Monday that substantive progress is being made in Senate negotiations surrounding the Clarity Act, with a compromise reached on the issue of stablecoin yields expected to hold, and the focus of negotiations has shifted to other unresolved topics.The issue of stablecoin yields was previously the biggest obstacle to advancing the bill. Banking lobbyists successfully persuaded some senators that providing yields similar to bank interest to stablecoin holders would threaten the traditional banking deposit base, causing the bill to reach an impasse. Witte stated, "We hope that the compromise reached will be durable and stable. Resolving this issue is a prerequisite for advancing other pending matters." Last week, the White House economic advisors released a report downplaying the risk concerns raised by the banking industry; in response, the American Bankers Association rebutted on Monday, claiming the White House's arguments were flawed.In addition to stablecoin yields, the bill also faces several disagreements, including illegal financial protection mechanisms in the DeFi space and a demand from Democrats to prohibit senior government officials (specifically targeting President Trump) from profiting from the crypto industry. Witte did not disclose which topics have reached consensus but indicated that negotiations have "made considerable progress behind the scenes," stating, "We are very close to comprehensively resolving these issues." The Clarity Act still needs to go through the Senate Banking Committee's markup review process before being submitted for a full Senate vote. Witte expressed optimism about reaching a final agreement, noting that many issues that previously seemed stuck have gradually been resolved.
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