Dave McCormick

Republicans are urging Democrats to support the Crypto Clarity Act, a bill aimed at establishing clear crypto regulations. The bill faces delays due to concerns over stablecoin yields and ethics, while bipartisan support exists despite criticisms from figures like Elizabeth Warren. A new draft bans officials from promoting crypto, and tensions arise over President Trump's family's crypto business interests.

The U.S. Senate Foreign Affairs Committee advanced Doug Mastriano's nomination as ambassador to Slovakia on party lines. Mastriano, nominated by President Donald Trump, faces scrutiny over his 2020 election-related activities, including hosting Trump lawyer Rudy Giuliani and attending the Jan. 6 rally. The committee heard testimony about his military background and NATO experience.

U.S. Sen. Dave McCormick announced nearly $10 billion in Pennsylvania investments for military industrial projects at a summit where President Donald Trump addressed defense spending. Trump highlighted a proposed $1.5 trillion defense budget and criticized the CHIPS Act, while specific investments included a $2.5 billion submarine construction deal and $25 million from JPMorgan Chase for Philadelphia's maritime sector.

Billionaire Republican donor Harlan Crow donated the maximum allowed amount to Senator John Fetterman's campaign. Fetterman, known for a shift in ideological stances, launched a bipartisan fundraising committee with Republican Senator Dave McCormick.

Sen. Dave McCormick and Gov. Josh Shapiro highlighted Pennsylvania's historical and future role in defense innovation, citing a $10 billion investment in the state's defense industrial base and emerging technologies. They emphasized the state's 9,000 defense-related companies and partnerships like Hanwha Group's $5 billion investment in the former Philadelphia Naval Shipyard. Both leaders warned of China's rapid military advancements and the need for faster U.S. defense innovation.

Senator Dave McCormick and Senator John Fetterman highlighted 'Trump Accounts,' a program providing $1,000 Treasury seed funds for children born between 2025 and 2028, and $250 for lower-income children under ten. The initiative, part of the Working Families Tax Cuts Act, aims to give Americans a stake in economic prosperity through philanthropy-funded investments.

Sen. John Fetterman (D-Pa.) and Dave McCormick (R-Pa.) organized Pennsylvania’s booth at The Great American State Fair in Washington, D.C., after Gov. Josh Shapiro (D) stated state officials could not find a business sponsor. McCormick’s office announced their involvement in a Saturday press release.

President Donald Trump campaigned for Republican congressman Ryan Mackenzie at a Mack Trucks plant in Macungie, Lehigh County, where layoffs due to tariffs were previously warned. Mackenzie faces Democratic challenger Bob Brooks in November, and Trump discussed economic and trade policies while highlighting a government contract for military trucks.

Mount Nittany Medical Center is suing the federal government over the revocation of its 'sole community hospital' status, which it claims will cost millions in Medicare funding. The hospital argues the decision is baseless and jeopardizes healthcare access in Central Pennsylvania following the opening of Penn Highlands Health.

Pennsylvania private education leaders and Republican lawmakers are urging the state to join a federal school choice program offering tax credits. The program, part of the One Big Beautiful Bill Act, allows up to $1,700 tax credits for donations to approved scholarship organizations, with 27 states already participating. Governor Josh Shapiro has not yet committed, citing a lack of federal guidance, while Secretary of Education Linda McMahon and Senator Dave McCormick advocate for Pennsylvania's inclusion.

Mike Selig, head of the Commodity Futures Trading Commission, asserts federal jurisdiction over prediction markets and invites Supreme Court review to resolve conflicts with state and tribal regulations. He opposes stricter legislative constraints proposed by lawmakers and is suing states like Minnesota that have banned or regulated the markets.

A federal appeals court in Philadelphia is reviewing a case over the removal of slavery exhibits at the President’s House historical site. The U.S. Department of the Interior and the city argue over whether the National Park Service’s removal of the exhibits violated agreements and historical site purposes. The case involves a 2006 city-federal agreement, a 1950 congressional agreement, and a 2021 Trump-era executive order cited for the removal.

U.S. Sen. Dave McCormick emphasized Pennsylvania's potential to lead in AI-driven change, comparing its impact to the printing press. He highlighted the state's role in AI infrastructure and investments, despite public opposition to data centers.

Prediction markets have seen a significant increase in transaction volume, with over $60 billion in just three and a half months, prompting the need for updated regulatory frameworks to protect investors and strengthen market integrity. The Prediction Market Act has been introduced to bring greater clarity and predictability to prediction markets. This act aims to strengthen consumer protection, set clear ethical guardrails, and keep America in the lead of this fast-growing industry.

Kevin Warsh's Federal Reserve confirmation hearing faces partisan division, with Republicans praising his reformist approach and Democrats criticizing potential conflicts of interest from his extensive investments. The process is also delayed by a Justice Department investigation into Fed building costs, which Republicans argue is a pretext to pressure Chair Jerome Powell.