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Israel Tried To 'Turn' Iranian Generals Against Ayatollah Just Before Bombs Fell

Zero Hedge -

Israel Tried To 'Turn' Iranian Generals Against Ayatollah Just Before Bombs Fell

Iranian state media is reporting another arrest of alleged spy who was coordinating with Israeli intelligence. Agents working on behalf of Mossad are believed to have played key roles in Israel's military attacks which kicked off nearly two weeks ago (on Friday, June 13).

But the new arrest announced on Tuesday has been identified as a European national - without much more information being provided from Fars News agency, which issued a statement.

The arrested individual was accused of "spying on sensitive and military areas" - according to the report. This comes amid a broader crackdown and search for people who may have been relaying sensitive and secret material, for example concerning the locations of Iran's ballistic missiles and anti-air systems, to the Israeli government.

AP Image

"Since the outbreak of conflict with Israel, Iran has arrested dozens of people and executed several accused of spying for Israel," Al Jazeera reports.

"Earlier today, Iranian state media reported that six more people were arrested in the western Hamadan province for allegedly spying for Israel’s Mossad," Al Jazeera says of Tuesday developments.

The trials appear to be taking place in rapid format, in military and judicial tribunals, sometimes convened in small rooms, at a moment Israeli warplanes have been striking sites in Tehran and across Western Iran.

It has become clear that Israel was engaged in a massive spying and espionage campaign to pave the way for its 'Operation Rising Lion' - which is intent on destroying Iran's nuclear energy program, and possibly even accomplishing regime change.

The Washington Post reports on what's been revealed as one of the most brazen recruitment operations aimed at top generals:

In the hours after Israel launched its first wave of strikes against Iran on June 13, killing top military leaders and nuclear scientists, Israeli intelligence operatives launched a covert campaign to intimidate senior officials with the apparent aim of dividing and destabilizing Tehran’s theocratic regime, according to three people familiar with the operation.

People working for Israel’s security services who speak Persian, Iran’s primary language, called senior Iranian officials on their cellphones and warned them that they, too, would die unless they ceased supporting the regime of Ayatollah Ali Khamenei, Iran’s supreme leader, according to the three people, who spoke on the condition of anonymity to discuss clandestine operations. One of them estimated that more than 20 Iranians in positions of power were contacted.

But what's clear from all the reporting on this is that these generals were more loyal than expected - and this wasn't met with success for Israeli intelligence. WaPo and others have republished an audio recording of one such call that took place June 13 - the day Israeli warplanes initiated their attacks:

According to one translated part of the transcript: 

“I can advise you now, you have 12 hours to escape with your wife and child. Otherwise, you’re on our list right now,” an Israeli intelligence operative told a senior Iranian general close to the country’s rulers, according to the audio recording.

The operative then suggested that Israel could train weapons on the general and his family at any moment. “We’re closer to you than your own neck vein. Put this in your head. May God protect you,” he said.

This is without doubt fueling IRGC efforts to root out Israeli spy networks, amid the general (and understandable) paranoia over potential compromise and Israeli penetration. It's widely believed that Israel uses Iranian dissident groups, like the cultic revolutionary MEK (People's Mojahedin Organization of Iran) group, which currently has its political leadership based in Europe.

Tyler Durden Tue, 06/24/2025 - 20:30

As Stablecoin Bill Heads To House, Senate Shifts To Crypto Market Structure

Zero Hedge -

As Stablecoin Bill Heads To House, Senate Shifts To Crypto Market Structure

Authored by Turner Wright via CoinTelegraph.com,

Roughly a week after the US Senate voted to pass the GENIUS Act to regulate payment stablecoins, the chamber is moving to discuss a path forward for a digital asset market structure framework.

On Tuesday, lawmakers in the Senate Banking Committee’s digital asset subcommittee will hear from lawyers at Coinbase and Multicoin Capital as part of efforts to establish “bipartisan legislative frameworks for digital asset market structure.”

The hearing will include testimony from Coinbase’s vice president of legal, Ryan VanGrack, Multicoin Capital’s general counsel, Greg Xethalis and University of Pennsylvania Wharton School Executive Director, Sarah Hammer.

The hearing will be one of the Senate's first follow-ups on digital asset legislation since passing the GENIUS Act on June 17 in a 68 to 30 vote.

The bill moved to the House of Representatives for discussion, proposed amendments, and a possible floor vote.

While the Senate considers a bipartisan solution for crypto market structure, the House is already moving forward with its own legislation.

Earlier this month, the House Agriculture Committee and the House Financial Services Committee voted to advance the Digital Asset Market Clarity, or CLARITY Act. The bill is expected to head for a floor vote soon.

It’s unclear whether the Senate will introduce its own version of the House’s CLARITY Act to address crypto market structure in the form of a companion bill or incorporating aspects of the House bill. Cointelegraph reached out to Senator Cynthia Lummis, chair of the digital assets subcommittee, for comment on the hearing, but had not received a response at the time of publication.

Trump’s crypto ties still under scrutiny

Combined, the stablecoin bill and the market structure bill could address many of the regulatory issues that leaders in the crypto industry have criticized about the US.

However, the legislation still faces pushback from many Democrats in Congress, questioning how US President Donald Trump and his family could personally profit from the bills passing, given their ties to the industry through memecoins, the World Liberty Financial platform, and political donations from digital asset companies’ executives.

Trump said on Wednesday that he would sign the GENIUS Act with “no add ons” if the House were to pass it quickly. However, it’s unclear if digital assets will be a priority for the president as he faces scrutiny for ordering strikes on Iran without congressional approval over the weekend. 

Tyler Durden Tue, 06/24/2025 - 20:05

Wednesday: New Home Sales, Fed Chair Powell Testimony

Calculated Risk -

Mortgage Rates Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 10:00 AM, New Home Sales for May from the Census Bureau. The consensus is for 710 thousand SAAR, down from 743 thousand in April.

• Also at 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs

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