Ilhan Omar Issues Error-Ridden Denial of Free Beacon Report on Her Skyrocketing Net Worth

Say it ain't so. Rep. Ilhan Omar issued an error-ridden denial of a Washington Free Beacon report on her newfound wealth, accusing this reporting of peddling fake news for citing her latest financial disclosure, which revealed the Minnesota Democrat and her husband saw their personal fortune explode to as much as $30 million.

The post Ilhan Omar Issues Error-Ridden Denial of Free Beacon Report on Her Skyrocketing Net Worth appeared first on .

A socialist New York isn’t just a local problem. It’s a national emergency.



In the heart of New York City, the unthinkable is becoming reality: a socialist insurgency is no longer on the fringes. It’s winning.

The mayoral primary victory of Zohran Mamdani, a self-proclaimed Democratic Socialist, is not merely a local event or an eccentric district quirk. It’s a warning siren for the entire nation. What happens in New York doesn’t stay in New York — especially when it’s a city that sets the cultural, financial, and political tone for the rest of the country.

The battle for America’s soul is being fought in city council meetings, in primary elections, and on the streets of New York. We cannot afford to sit it out.

Mamdami’s radical agenda, cloaked in the soft language of “equity” and “community care,” is not about helping people. It’s about centralizing power under the government, redistributing wealth through force, and turning the most powerful city in the world into a test case for a socialist America.

If the financial capital of the free world falls to Marxist ideology, the rest of the country is not far behind.

American socialism’s ‘Ground Zero’

New York is a beachhead for a nationwide socialist revolution. It’s not just Mamdani — it’s a growing wave of elected ideologues, funded and organized, who want to gut capitalism and replace it with a top-down government-run system.

Their policies aren’t theoretical any more. They’re being implemented.

In Mamdani’s vision of New York, landlords are villains, property rights are negotiable, and the needs of illegal immigrants come before those of taxpaying citizens. Public safety is an afterthought. Drug use is decriminalized. Homelessness is institutionalized.

Infrastructure, transportation, policing, housing — all placed in the grip of government planners pushing equity over efficiency, ideology over functionality. The result is predictable: urban decay, mass exodus, rising crime, and collapsing infrastructure — a recipe we’ve seen in every city that’s flirted with socialist rule.

First New York, then the nation

But this isn’t just about New York’s self-destruction. It’s about national contagion.

New York City is America’s media hub, its cultural center, and, most critically, the beating heart of its financial system. If socialist policies like Mamdani’s take hold here, they will radiate outward. A city that once stood as a monument to capitalism will serve as a propaganda engine for the exact opposite.

And make no mistake — the rest of the nation is watching. If socialism becomes normalized in the Big Apple, other progressive cities will feel emboldened to follow.

The ripple effect is already in motion. Chicago, Los Angeles, Seattle — all experimenting with shades of the same ideology. The difference is that New York City is the crown jewel. Its fall would mark a point of no return. A city once revered for its grit, ingenuity, and entrepreneurial spirit would become the flagship of American decline.

The financial implications are staggering. New York isn’t just any city — it’s the global capital of finance. Wall Street, Nasdaq, the headquarters of major banks and corporations — all reside here. Investors around the world look to the city as a symbol of economic stability.

What happens when socialist policies threaten property rights, undermine police protection, and destroy incentives to do business here? Money will flee. Businesses will relocate. Markets will react. The economic engine of the United States will stall, and the consequences will reverberate worldwide.

RELATED: Stop calling Zohran Mamdani a communist — he’s something worse

Photo by Andrew Lichtenstein/Corbis via Getty Images

Worse yet, the ideological shift will bleed into federal politics. As New York City’s congressional delegation grows more radical, so does the national platform of the Democratic Party. Policies birthed in Mamdani’s district — like rent cancellation, taxpayer-funded drug programs, sanctuary city mandates, and public housing on suburban streets — have already crept into the national discourse. What starts as a local experiment quickly becomes a legislative push in Washington.

This is why the stakes are so high. Conservatives must recognize that the fight is not limited to red states or Capitol Hill. It’s in Queens. It’s in Brooklyn. It’s in the very places where socialism is gaining power block by block, district by district. The battle for America’s soul is being fought in city council meetings, in primary elections, and on the streets of New York. We cannot afford to sit it out.

We must act

We must expose this radicalism for what it is. We must challenge the deceptive branding of “democratic socialism” as some harmless cousin of communism. We must fight back with truth, passion, and deliberate action. New York can no longer be written off as a lost cause. It must be reclaimed — because the country depends on it.

A socialist New York is not just a local problem. It’s a national emergency.

If Mamdani and his allies succeed in transforming the financial capital of the world into a socialist enclave, the damage will not be confined to the five boroughs. It will creep into every corner of America — one policy, one election, one city at a time.

We don’t need to imagine the consequences. We’ve seen them — in the crumbling economies of Venezuela and Cuba, in the failed experiments of Detroit and San Francisco. But if we allow the socialist left to take New York City, the fall of those places will pale in comparison.

The future of America could be written on the streets of New York. Let’s make sure it’s not written in communist red.

House Ethics Committee Slams AOC’s Manipulation of Rules To Shield ‘Spouse's’ Financial Affairs From the Public

The House Ethics Committee rebuked Rep. Alexandria Ocasio-Cortez (D., N.Y.) for simultaneously claiming her longtime partner, Riley Roberts, is and isn’t her "spouse."

The committee's rebuke stemmed from a lengthy explanation Ocasio-Cortez's attorney provided to justify why the New York lawmaker accepted a free ticket worth $35,000 for Roberts to attend the 2021 Met Gala alongside her. At the time, that was a gift Ocasio-Cortez could only accept for her legally-married spouse. But Ocasio-Cortez has never been legally married. She has lived with Roberts since 2016 and the pair became engaged in 2022, but there's no evidence the couple has legally tied the knot, and Ocasio-Cortez hasn't been pictured wearing her engagement ring in public since November 2023.

The post House Ethics Committee Slams AOC’s Manipulation of Rules To Shield ‘Spouse's’ Financial Affairs From the Public appeared first on .

Howard Lutnick Breaks Down Trump Admin’s Unique Japan Trade Deal At Daily Caller Live Event

'It's completely, intellectually above anything anybody's ever done before'

Here’s What’s Next In The Battle To Get Federal Spending Under Control

Congress should do its job and keep restricting the growth of exploding federal spending.

No, The Federal Reserve Shouldn’t Monetize The National Debt Again

Lawmakers of all parties keep thinking that some magic bullet will solve all of the country’s fiscal problems. It won’t.

Conservatives can lead the charge on clean crypto rules



Many assume conservative principles belong to the past. They don’t. The debate over cryptocurrency regulation — including the House GOP’s Clarity Act — offers a chance to apply those principles to a 21st-century frontier.

Cryptocurrency and decentralized finance reflect core American values: free speech, free markets, and innovation from the ground up. Across the country, developers are building protocols that move money in microseconds, create new investment tools, and expand access to capital like never before.

With a Republican-led Congress considering landmark cryptocurrency legislation, we have a historic opportunity to apply time-tested conservative values to the cutting edge of financial innovation.

Blockchain technology provides a means to secure property rights in the digital era. The most transformative products likely haven’t even launched yet.

The potential benefits are massive. In 2024 alone, decentralized finance grew to more than $114 billion. Even more capital — billions of dollars — stands ready to enter the space through pension funds and institutional investors.

But that money won’t move without guardrails.

Institutional investors need transparency. That means audit requirements they can trust, legally accountable custodians, clear reporting on asset health, and safeguards against manipulation.

They also need legal certainty. Defined rules give investors confidence. Without them, they’ll stay away — or invest elsewhere.

That’s where Washington plays a role.

The Trump administration shifted U.S. regulatory policy toward digital assets, elevating crypto to a national priority through executive order. Now, with a Republican-led Congress weighing landmark crypto legislation, conservatives have a real opportunity.

This moment demands more than slogans. It calls for applying time-tested conservative principles — rule of law, market discipline, and individual liberty — to the future of finance.

Don’t be afraid

Some treat cryptocurrency as a threat. Fair enough — the collapse of FTX still casts a long shadow over the current debate in Congress.

Sam Bankman-Fried, a Democratic megadonor, didn’t just run a failed company. He ran a cautionary tale — a playbook for what lawmakers must never allow again.

The FTX scandal highlights two enduring conservative truths:

  1. Human nature is flawed. Left unchecked, individuals will act out of greed and self-interest. Conservatives have never pretended otherwise — and that’s why we build systems of accountability.
  2. The rule of law matters. Pre-established standards prevent chaos. Waiting for disaster or making policy on the fly only magnifies the damage.

FTX didn’t collapse because of cryptocurrency. It failed because no one held Bankman-Fried accountable. He amassed influence through backroom politics and ran a tangled network of private firms without meaningful oversight. The result: billions vaporized and public trust shattered.

Thoughtful legislation can prevent the next meltdown — not by stifling innovation, but by setting clear, enforceable rules rooted in transparency, responsibility, and the rule of law.

A remedy with room to improve

The bill now before Congress offers a rare chance to get crypto regulation right.

It tackles the custodial vulnerabilities exposed by the FTX collapse and establishes a framework that allows digital asset projects to integrate into the broader financial system. Just as important, it does so under a unified set of rules.

The bill follows conservative logic. It exempts infrastructure providers — such as blockchain validators and payment processors — from regulatory burdens that don’t apply. These actors don’t make governance decisions, and the law should reflect that.

It also classifies participants based on their actions, rather than the extent of their political influence.

But the bill still needs one critical fix.

Lawmakers need to include decentralized autonomous organizations as eligible cryptocurrency issuers. These DAOs, the opposite of central banks, operate through user-led governance. Crypto users vote on the rules of the system they help create.

DAOs have become common in decentralized finance. Yet the current bill overlooks them. That omission could block the very groups driving innovation from entering the regulated space.

RELATED: Trump’s Bitcoin masterstroke puts America ahead in digital assets

Photo by Anna Moneymaker/Getty Images

If a project follows the rules, discloses information, and acts responsibly, it should qualify, regardless of how it governs itself. Whether the issuer is a DAO, a startup, or a traditional bank, one standard should apply.

That’s the conservative way: equal rules, fair enforcement, and space for innovation to thrive.

What if we get it wrong?

Leaving the bill unamended carries real risks:

  • Overreaching compliance rules could smother the best of American innovation — now and in the future.
  • Narrow legal definitions might force decentralized finance into the hands of a few massive exchanges, recreating the same “too big to fail” system that burned taxpayers in 2008.
  • Ongoing regulatory ambiguity could drive developers and infrastructure providers offshore, into the arms of authoritarian regimes eager to benefit from America’s hesitation.

The biggest danger? Watching capital and talent flee to countries that welcome decentralized commerce while the United States — its origin point — falls behind.

Decentralized finance leaders aren’t calling for lawlessness. They want smart policy.

Joe Sticco, co-founder of Cryptex and a White House Crypto Summit participant, put it this way: “In DeFi, it’s not about evading rules — it’s about building better ones.”

Sticco believes today’s innovators want a seat at the table. “We believe open financial systems can coexist with responsible oversight,” he told me. “We have to show up, we have to explain the tech, and we have to help shape the rules.”

Congress still has time to get this right. But the window is closing.

The path forward

Republicans now hold both chambers of Congress. That means the window to act is wide open.

This isn’t about growing government. It’s about setting the rules so innovation can thrive, fraud gets stopped, and people are held accountable. Here's what that looks like:

  • Clear rules that apply fairly to both traditional companies and decentralized projects;
  • Basic protections like audits, secure custody of funds, and anti-fraud measures;
  • Freedom for developers to build new tools without unfair roadblocks;
  • And clear standards for when crypto projects are considered stable enough to ease up on oversight.

With these fixes, the Clarity Act can do what no other crypto bill has: protect investors, promote innovation, and keep America in the lead.

We can build the future of finance right here — on American terms, with American values. But we have to act now.

It’s Time For Trump To Play Hardball With Qatar

[rebelmouse-proxy-image https://thefederalist.com/wp-content/uploads/2025/06/Screenshot-2025-06-13-at-3.31.35 PM-1200x675.png crop_info="%7B%22image%22%3A%20%22https%3A//thefederalist.com/wp-content/uploads/2025/06/Screenshot-2025-06-13-at-3.31.35%5Cu202fPM-1200x675.png%22%7D" expand=1]President Trump has the leverage over Qatar. He must use it to demand accountability and insist on transparency.

The White House Can Lower Drug Prices By Fixing The Market, Not Price Controls

President Trump shouldn’t adopt socialist-style price controls.

$96B Pension Crisis Looming Over Ohio Teacher Retirement System Has National Implications, Reform Advocates Say

Reform advocates warn that debt spirals like that currently gripping the Illinois pension system will happen in Ohio and other states if they don't reform their investment strategies.