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Trump to strip legal status from 532,000 migrants living in US

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The Trump administration will revoke temporary legal status from potentially more than half a million migrants who entered the US legally under a Biden-era program, according to a notice posted Friday in the Federal Register.

The 35-page notice, set to be formally published March 25, outlines the administration’s plan to end humanitarian parole and accompanying work permits for nationals of Cuba, Nicaragua, Haiti and Venezuela who were allowed to fly directly to the US after applying from abroad. CBS News first reported the change.

Roughly 532,000 people entered the US under the policy, but it’s unclear how many still hold that legal status, the Department of Homeland Security said. Those without another lawful way to remain will be required to leave or face deportation starting in late April.

The administration has already declined to extend Temporary Protected Status for Venezuelans and Haitians, a separate designation, which affects hundreds of thousands of people already in the country. The first group is set to lose their permission to live and work in the US as early as April.

Read More: Cheap US Beef at Risk as Trump Seeks to Deport Haitian Workers

Eliminating the parole program, known as CNHV, marks a significant escalation of President Donald Trump’s immigration crackdown, expanding enforcement to include many migrants who entered the US legally and have no criminal record.

The CNHV program was launched by President Joe Biden in 2023 to offer a legal alternative to dangerous border crossings, particularly through the treacherous Darien Gap. Trump has long criticized such programs as illegal and tantamount to open-border policies.

As a candidate, Trump vowed to end illegal immigration at the southwest border and carry out the largest deportation in US history. 

Since he took office, federal agents have made more than 30,000 arrests of people living in the country illegally, often in coordination with Justice Department agencies. While officials say enforcement targets serious offenders, some arrests have involved people whose only violation is lacking legal immigration status. The administration has not disclosed how many have been deported.

Read More: Trump Aides Shutter Homeland Security Civil Rights Office

On Friday, Bloomberg reported that the Trump administration is dismantling internal watchdogs for the Department of Homeland Security, including its Office for Civil Rights and Civil Liberties, which examines abuse and discrimination within immigration enforcement. Civil rights advocates and lawmakers say the move eliminates key oversight as the administration ramps up detentions and prepares for mass deportations.

Also on Friday, DHS posted a notice extending a January determination that there is an ongoing or imminent influx of migrants at the southern border, even as arrests in February fell to 8,300 — a monthly low not seen in decades.

This story was originally featured on Fortune.com



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Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

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Incoming SEC chair Paul Atkins owns up to $6 million in crypto-related assets—though no Bitcoin

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Paul Atkins, President Donald Trump’s Solana and Cardano, that it alleged were unregistered securities. The SEC also targeted celebrities like Kim Kardashian and Lindsay Lohan for promoting tokens, among other individuals. The crypto industry fought back and argued that decades-old securities law did not apply to new technology. Executives like Brian Armstrong, the CEO of Coinbase, argued that the government should draft legislation to account for blockchains, rather than crack down on the crypto sector.

Atkins was previously SEC chair from 2002 to 2008 under President George W. Bush. Most recently, he served as CEO of his financial services consultancy Patomak Global Partners. He’s been supportive of the crypto industry’s calls for regulation. “The collapse of FTX was this international debacle because I think the U.S. didn’t make our rules accommodating to this new technology,” he said in a 2023 interview.

As part of his ethics agreement, Atkins also agreed to step down from a position on Chamber of Digital Commerce’s Token Alliance, a policy group that advocates for crypto companies.

This story was originally featured on Fortune.com



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Napster’s CEO says the millennial favorite is entering a new era with $207 million sale

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A brand that was notoriously connected to music piracy before reemerging as a subscription music service has been sold to Infinite Reality for $207 million.

The tech startup announced Tuesday it had bought Napster in hopes of transforming the streaming service into a social music platform where artists can connect with fans and better monetize off their work.

“The internet has evolved from desktop to mobile, from mobile to social, and now we are entering the immersive era. Yet, music streaming has remained largely the same. It’s time to reimagine what’s possible,” said Napster CEO Jon Vlassopulos in a blog post.

Among its plans to update Napster, Infinite Reality said it will create virtual 3D spaces that will allow fans to attend concerts, and give musicians or labels the ability to sell digital and physical merchandise. Artists will also receive a wider range of metrics and analytics to better understand the behavior of platform users.

“We can think of no better use case for our technology than putting it in the hands of music artists who are constantly pushing the boundaries of what’s possible,” said Infinite Reality Chief Business Officer Amish Shah.

Napster was launched in 1999 by Shawn Fanning and Sean Parker and quickly became the first significant peer-to-peer file-sharing application. It shuttered in early 2000s after the record industry and popular rock band Metallica sued over copyright violations. Rhapsody later bought the brand in 2011 and relaunched it as a music streaming service.

This story was originally featured on Fortune.com



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