rich: the secret service shot an

armed man during a confrontation overnight near the white house. d.c. metro police are leading the investigation into the shooting. brand new details including the man's identity is coming up. well can to "fox -- fox news live," i'm rich edson. two illegal migrants are accused of shooting a good samaritan who tried to stop them from stealing a catalytic converter in los angeles. >> reporter: the suspects arrested for this crime are two illegal aliens with lengthy criminal histories, and one of them has had 12 i.c.e. detainers ignored since 2022 due to sanctuary policy. the video was caught on a ring camera. police say the victim was killed on february 25th outside his home around a 3:20, early in the morning, in inglewood while confronting the thieves. family identified the victim as a 48-year-old juan sanchez, a devoted husband, loving father and proud grandfather who was

cherished by many. >> he was a big man of faith. never missed mass on sun. he volunteered on sunday mornings at church. stop what you're doing. a life is not worth a piece of metal. he was the sole breadwinner, and now he's gone leaving my sister-in-law and two sons. >> reporter: law enforcement told bill melugin was one of the suspects is a guatemalan national who's been arrested at least 15 times in the l.a. county area or in recent years on multiple charges including burglary, gun and grand theft auto. melugin says authorities identified the other suspect as jose christian sanchez, he's from el salvador and has been arrested at least a dozen times in this area in lean years for multiple charges including grand theft auto, gun, drugs and burglary charges. l.a. a county deputy d.a. a

wrote on x, quote, both suspects got california driver's licenses, served prison time in county jail, got the use of court-appointed defense attorney, received plea deals, never paid any taxes to america and took advantage of our l.a. and california sanctuary laws, and now an innocent dad is murdered and two children don't have a father anymore, and all our elected leaders in l.a. support this? there's a big difference between supporting families and being humane versus allowing repeat criminal offenders to remain in america and eventually burden -- can murder purr own citizens. -- murder our own citizens. rich? rich: christina coleman live in los angeles, thank you. d.c. law enforcement is investigating an overnight shooting involving the u.s. secret service and an armed man near the white house.

mad -- madeleine rivera has new details. >> reporter: two police sources tell our alexis mcadams the suspect is 27-year-old andrew dawson from indiana. the secret service made clear none of their agents were hurt, the president was also not in danger because he's in west palm beach, florida, this weekend. secret service says they got a tip yesterday from local police about a person who may if be a potential suicide risk. intelligence bulletins indicate that person possibly wanted to commit if suicide by cop and was heading to the mission's capital from indiana -- nation's capital. some secret service members spotted the man matching a description about a flock away from the white house his -- block away from the white house with his car nearby. the man had a firearm and a knife. he was told by secret service to drop the weapons, but when he kid not comply and reached toward his waist, a agents fired shots. dawson was taken to the hospital. his condition is unclear.

back in august 2020 during president trump's first term, secret service guards also shot a man outside the white house gates as as a trump was speaking to reporters in the briefing room. the agency said an officer a opened fire after the manmade a move like he was about to shoot a gun. court documents said the suspect was actually carrying a colm, and he was taken to a a comb, and he was taken to a psychiatric hospital. the president returns on the, the met are poll tan d.c. police department is taking the lead in the investigation. rich: for more, let's bring in homeland security or advisor michael balboni. thanks for joining us. the white house complex really does seem to i draw this type of thing. how does the u.s. secret service combat that? >> secret service has developed a 360-degree, multiple layers of defense where, obviously, you have the physical protection of the white house inside, and theu

have numerous cameras and surveillance. you have great intelligence which is what this case, by the way, showed as you had information that this individual was going to be in the area possibly, and they had additional information. that's' the most important element in trying to prevent something as opposed to just responding to it. but this fits into a larger piece. obviously, the two attempted assassinations of the president, these have raised huge issues as to what the secret service knew beforehand, before the events and how the individuals were able to get into the positions whether in butler, pennsylvania, or in florida itself. obviously, the case with the florida shooter is going to be going to court, there's a bunch of legal proceedings going on right now. but again, raising big questions as to how someone could be lying in wait for 12 hours outside of a golf course. it raises all sorts of issues especially when you have somebody as high profile and in many circles as controversial as president trump. rich: there have been leadership change, recommendations on how

secret service should change the way it operates. do you think that's been enough? do you think secret service is back on track here? >> what i always a wanted to see was, you know, the congress did a very in-depth hearing and investigation in this, and and i wasn't really so satisfied as to what really happened in butler, pennsylvania. i think that president trump has said he really wants to get to the bottom of both of those incidents, and he's going to continue to look very strong into those issues and direct all a his agencies to share information, which is really important, re-examine the training that people get and also a lot of the issues -- remember what secret service does. they work with local law enforcement when the president is traveling. so what type of relationships do they have. it's absolutely crucial when i was a homeland security advisor here if in new york city when the pope came to visit, when we had national security events, working with the secret service was absolutely essential. but again, has that changed? could it get better? these are all the a questions that need to be done right now except inn the trump presidency.

raich rich the trump add administration is canceling $400 million in grants to columbia with university because of ongoing protests. what do you make of what's going on at columbia, and do you think there's going to be changes from the university given what the administration's doing? >> currently, the department of justice and department of state are examining what has gone on on the campuses. first of all, let's be clear, anti semitic behavior, anti any group behavior on campus should never be with allowed if it involved any type of violence itself. so what you have here, obviously, you have that fine line between the ability to protest and then the safety of other students. and president so the county of justice is taking -- the department of justice is taking this very seriously. the department of state has announced today they're revoking visas for several of the students that have been pro-hamas supporters who have committed violent acts. see, that should be the metric. if you commit a violent act on campus, you shouldn't with

allowed on campus, period, and you have a visa or if you're with here illegally, you should definitely be deported. in terms of columbia, columbia's always a been a little bit of a hotbed of dissent and voices in protest. that, again, should be allowed, but in a i way where you don't discriminate against any other group or provide any type of threat. rich: do you think that columbia's going to have to close down its campus if this goes on for more months? >> yeah. again, terribly challenging choices for columbia itself. first of all, you know, you've got people coming on campus who aren't even students. and what we saw last year be many of the campus protests, there werage a today to haves there, professionallage a today to haves. many say they were -- agitators. many say they were connected with foreign agencies trying to stir up dissent in advance of the election. what also makes it challenging is these individuals have masks on to try to hide their identity and do things just to create a

scene of chaos itself. that should not be a part of the academic experience especially with institutions with a history of columbia. rich: columbia's gotten within its faculty a lot of criticism from bringing in law enforcement are. is this something that columbia can handle on its own? >> it depends on what the security procedures are, and many time thes universities -- times universities will provide security, obviously, for the safety of their students, but this is beyond that. this is now something where you have to take an aggressive action both in terms of knowing who's you know campus, having a good intelligence set, having the right surveillance but not go into that george orwell, 1984 where you're going to survey everybody and know what people are doing all the time because you want to have an air of academic freedom and the ability to protest. it's an incredibly fine line. it's very challenging for universities like columbia. i predict that columbia's going to beef up their internal investigations and internal capabilities to decide who

should be on campus and who should not and take steps to prevent people who shouldn't be there from being on campus. rich: all right. michael balboni, thank you for joining us. >> thank you. rich: it's been 60 years since act a visits marched in selma, alabama a, facing state troopers who tear gassed and beat them with clubs. right now hundreds of people are marching across the edmund pettis bridge to mark bloody sunday. madison scarpino's going to join us later this hour with more. president trump sits down with fox news' maria bartiromo after threatening russia with sanctions as he pushes for a peace deal in ukraine. lucas tomlinson has more on what he said and how lawmakers are reacting. hey, lucas. >> reporter: good afternoon, rich. in that exclusive interview on "sunday morning futures," maria asked the president if he is comfortable with the possibility of walking away from ukraine and if the country would survive. this was president trump's response. >> well, it may not survive

anyway. but, you know, we have some weaknesses with rush that -- russia, you know? it takes two. look, it was not going to happen, that war, and it happened. so now we're stuck with this mess. >> reporter: on "fox news sunday," senator lindsey graham said he wants to see a return of american arms shipments and is sharing intelligence with ukraine. >> if we pull the plug on ukraine, it'll be with worse than afghanistan. i don't think president trump has any desire to do that. but i would give ukraine what they feed in terms of intelligence and weapons to depend themselves. >> reporter: now, a much different fight brewing metaphorically speaking, of course, rich, on capitol hill this week with the looming government shutdown on friday unless congress passes this stopgap measure. here's your guest from last hour, congresswoman sherry biggs, as well as congressman ro khanna. >> i feel very confident that the republicans are going to stick together, and we're going to continue to see america first

in supporting president trump's agenda. >> he's talking about a balanced budget. the house republican budget actually is adding $2.8 trillion to the deficit. instead we're talking about our own behavior, and that's a distransfrom us getting out our -- distraction from us getting out our economic message. >> reporter: the republicans can only afford to lose one vote if all the democrats vote against it. they want to pass this stopgap measure to keep the government spunked -- funded through the end of september. that deadline is friday. rich: lucas tomlinson is, thanks for joining us. rich: for more on the upcoming budget fight, let's bring in today's political panel, vice president of targeted victory, matt gorman, and former chief of staff for the white house press office. thanks so much for joining us. do you think the democrats are going to hold together on this one and vote unanimously against this stopgap funding bill that's coming up friday? >> yes.

i think that's an easy decision for the house democrats. of course, for the senate democrats it might be a little bit harder. we've already heard about senator john fetterman who says that he's not going to support a shutdown whatsoever, so i think the challenge will be when this situation moves to the upper chamber to see if senate majority leader john thune can pool the democrats that he needs. but for now, i think house democrats are in a good position because, frankly, speaker johnson, if he does his job, doesn't need bipartisan support. rich: matt, over in the senate, when it comes to just is majority, leader thune has done the job to get nominees through, but now he needs to get democrats. >> let democrats be the ones show9 -- to shut down the government. it makes their sob stories about the workers that doge is laying off suddenly ring hollow. so, look, i think at the end of the day we'll get there especially if republicans in the house can stay close and jam a

bill through, forcing the issue in the senate. but i think it's really important that republicans stay unified in the house, certainly. rich: we had a week where the president gave his address to congress. there's been some criticism about some of the thing, the paddles that democrats held up and all that. how do you think democrats have plaid this, and what should they be doing? >> look, we need to do a little bit of regrouping from the president's joint address. we saw color coordination, signs, we saw -- rich: fighter videos. >> -- the fighter videos, the white boards. i think the one thing that that pushed through was congressman al green being censured, but that's just a one-off. i think actions like not standing when the president is recognizing a child that wants to be a secret service officer and has brain cancer, we've got to really pick our9 battles here. this wasn't as unified as i've seen democrats before, especially during the first trump administration, but i think they're going come together with their messaging

strategy as we look to the c.r. rip retch matt, this is a totally different world than what we saw during the first trump administration. it was so much more unified, the opposition to president trump. and from the president's level, it seemed like he was really getting his feet wet and trying to get a feel for the office. this is totally different. >> in a way, the roles have shifted, right? in 2017, you're right, trump was figuring out what to do, figuring out who to trust. democrats were more confident. they were swinging at every pitch, they were loud, they were everywhere. i know it well. it's flipped now. democrats are far more unsure about which pitches to swing at, which to not. trump came in first hundred days confident, knowing exactly what he wants to do. executive orders, we're talking about reconciliation, the roles have flipped in a way many of us didn't expect. rich: yemisi, james carville has suggested democrats just play dead. eventually, when your opponent is making moves people might not

like, you hang out. do you think that's a good approach. >> >> james carville has a lot of opinions -- [laughter] rich: sure does. >> we'll see if he's right. look, the president is laying off thousands of veterans right now, veterans who fought for this country who have earned the right to health care, and so i think as republicans start to go back to their town halls in their districts and in their states, they're going to see constituents on both sides reach out and is express anger. we've seen that building and growing, so maybe if democrats lay low, the republicans might do it to themselves. rich: you know, matt, democrats pointing that out. you've got elon musk saying we're going to move fast and break things. democrats say, hey, that's great in the tech industry, but not for government. do you think doge has broken too many things, or is this pace good? >> i think it goes to the point that if they vote to shut down the government, it undercuts that argument. people will at least have delays getting paychecks or the v.a. stuff. at the end of the day, trump sets the direction, right?

we have the interspersing between the cabinet secretaries and and elon. they're supporting the mission. trump says at the end of the day they need to use a scalpel, not a hatchet. that's the key here. rich: and, yemisi, the scalpel approach has a lot of sport. people think that government is too blowed, bureaucracy is too bloated. do democrats risk looking like they are defending the waste and the bloat? >> no. i think it looks like they're defending veterans, they're defending small communities as well. i mean, we heard about maybe possibly the shutdown of the department of education, and we know that most people actually want increased funding for k-12. they want funding for rural communities. they want funding for students with disabilities. so i think what we're going to see are stories coming out of these federal workers. they are much more than waste, fraud and abuse. they are people who exist if all across america and have worked tirelessly for this country, and

is they've worked for the government regardless of who was president. we are firing people who have worked here for 20-plus year, or some people since reagan, and we actually don't know if they're democrats or republicans, but we do know they are civil servants that wake up every day and work for this country. rich: math, do republicans need to move quickly and is codify what doge is doing to say there is no question about this healey? >> yes, absolutely. they need -- legally? time's wasting. they only have four years. look, to the point people understand, right, unfortunately, layoffs and this type of thing is a fact of life. in the private sector almost everyone either has been laid off themselves or knows someone who has. government contracts are not lifetime contracts. that's the key here. people understand it. making that case in relatable ways helps republicans. rich: thank you both for joining us, appreciate it. >> thank you. rich: new york governor kathy hochul -- actually, it's been 60 years since activists marched for voting rights in selma,

alabama, facing alabama state troop are theres who tear gassed and beat them with clubs. right now you're watching hundreds of people marching across the edmund pettis bridge to mark bloody sunday. madison scarpino will join us on this later this hour. new york governor kathy hochul will declare a state of emergency in response to long island brush fires. of we'll take you there live coming up next. season to season, ultomiris is continuous symptom control, with improvement in activities of daily living and reduced muscle weakness. and ultomiris is the only long-acting gmg treatment with the freedom of just 6 to 7 infusions per year, for a predictable routine i can count on. ultomiris may lower your immune system's ability to fight infections, increasing your chance of serious meningococcal and other infections which may become life-threatening or fatal. complete or update meningococcal vaccines at least 2 weeks before you start.

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rich: well, massive clouds of smoke billowing over parts of long island, new york, as a wind-fueled wildfires prompted highway closures and a state of emergency yesterday. c.b. can cotton is live with the latest. hey, c.b. >> reporter: hi, rich. well, it smells like a campfire here in suffolk if county. we are standing in some of the estimated 600 acres which burned and and was being called the west hampton pines fire. in fact, we can see some parts of this ache a range still smoldering -- acreage still smoldering. of fire officials are concerned the strong wind gusts could cause hot spots to reignite, and most of the flames were here along the south side of this main highway. officials were really concerned that the fire was going to jump the road which would have made this situation a9 lot worse. thankfully, that did not happen. but now the biggest question is

how did this fire begin. officials are trying to determine whether it was intentionally started. >> so we have 25 detectives that are working on trying to determine the origin of the fire. we have krones -- drones up assessing the area and, again, trying to figure out, you know, where this fire started. we also have arkansasson detectives going -- arson detectives going up in the helicopters also trying to figure out how this all started. we're interviewing all a 911 callers, and we're going to get to the bottom of what happened. >> reporter: is a single brush fire saturday afternoon along sunrise highway in eastern suffolk county quickly spread causing concern that the fires would eventually make their way to homes or businesses in the area. new york governor kathy hochul declared a state of emergency which is still in effect. the new york air a national guard was deployed to dump gallons of water on the flames. thankfully, no homes have been

impacted. two commercial structures, though, wered badly damaged. now one congressman who represents the area says he's cautiously optimistic. >> i'm worried that the wind, which is ever shifting and could increase as well in terms of speed, will set this thing on a different and worse course. but fortunately, we have 90 volunteer departments here to confront the possible spread. i'm leaving right now with confidence that we will be able to contain this in due time. >> reporter: back in 1995 brush fires in this same area burned thousands of acres, rich. a lot of people were concerned that this would be a repeat of that time from the past. thankfully, we're in a much better situation, and now this fire is 80% contained. if back to you with. rich: c.b. cotton on long island, thank you. the talks between the united states and is ukraine begin tuesday in saudi arabia. we'll speak with a member of the the ukrainian farmment on the

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rich: israel and hamas are preparing for the second phase of cease ceasefire negotiations as president trump renewed his warning to hamas on hostages. in an interview on "fox news sunday" this morning, envoy adam boller said a long-term truce with hamas could be a reality. alex hogan is live in tel aviv with more. hi, alex. >> reporter: hi, rich, as you mentioned, the trump administration hostage envoy spoke with shannon bream saying these negotiations between the u.s. and hamas have led to progress but that the main focus for now hate of securing a long-term peace -- ahead of securing a long-term peace plan is securing the release of these 59 hostages still in gaza. >> i focused orphan our -- on our alive american and our four

dead americans, getting them home as soon as possible and how important that was to the president, to president trump. but we also discussed what the end might look like. >> reporter: israel will send a delegation to doha, qatar, tomorrow for ceasefire negotiations. a hamas this week will, says that there are positive indicators for a second stage, and u.s. officials will also join these talks in doha a this week. now, boller added that part of the negotiations centered on rebuilding the strip. european voices are building support for the arab-backed gaza reconstruction plan. which would cost $53 billion and avoid displacing palestinians. israel and the u.s. argue the strip is uninhabitable. israel has paused aid a shipments into gaza causing food shortages on the strip once again. >> translator: we can only get one bag of bread. the borders are closed and everywhere is closed. what shall we do? >> reporter: israel's energy

minister today has ordered that the country stop selling electricity to gaza is and right now, rich, at this hour israel's security cabinet is currently meeting. rich: alex hogan live in tel aviv, thank you. ♪ ♪ rich: russia is ramping up drone and missile strikes on ukrainian targets as ukrainian and u.s. officials gear up to hold talks in saudi arabia this week. stephanie bennett is live with more. hi, stephanie. >> reporter: hey, rich. yeah, in another major blow to kyiv, thousands of ukrainian soldiers are reportedly now surrounded by russian forces in the ruing region in russia. now, russia's defense ministry released this video today of what is said to be drone strikes on ukrainian military. also new today according to pro-russian war bloggers, russian special forces crept for miles through a major gas pipeline a to a town to launch a surprise attack on kyiv's

forces. you may remember last august thousands of ukrainian soldiers seized more than 500 square miles of russia's kursk region in an attempt to gain a bargaining chip and to force russia away from yaron. but now, of course, open source maps show ukraine's troops are nearly surrounded, and russia claims they recaptured three villages yesterday alone are. now, inside of ukraine volodymyr zelenskyy said today throughout this week russia has carried out hundreds of attacks using about 1200 guided aerial bombs and over 80 missiles. this comes after washington paused its military aid and intelligence sharing with kyiv. president donald trump says he is strongly considering widespread sanctions and tariffs on russia until a peace deal is chived. european nations have also vowed to step up, but poland's president said without america's support, ukraine will not survive. >> you comfortable with that, the fact that you walked away and ukraine may not survive? is. >> well, it may not survive

anyway. but, you know, we have some weaknesses with russia, you know? it takes two. look, it was not going to happen, that war, and it happened. so now we're stuck with this mess. of nobody has been tougher on russia than donald nobody. and they know that. >> reporter: u.s. and ukrainian officials again are set to meet next week in saudi arabia to discuss a plan moving forward. rich? rich: stephanie bennett live for us, thank you. well, for more on the upcoming talks in saudi arabia, joining me live from odessa, ukraine, is a member of the ukrainian parliament. thanks so much for joining us this afternoon. what does ukraine need to secure in these discussions in saudi arabia? >> i think the most important is just to define ukrainian red lines which is acceptable for us and which is not. in my personal view, there are

three things. first is our territorial integrity, the occupied territories, ukrainian territories, by russians. yes, they will be controlled by russians until the end of hostilities, at least part of them. but they are ukrainian territories. that is very important for us, this non-recognition policy because one day -- [inaudible] will fall apart, speaking about russia and ukraine will regain control of our territories. number two is sovereign i think, meaning that ukraine makes its own choices about what -- to have, what military production to expand and -- [inaudible] this is very important: number three is security guarantees meaning that, first of all, definitely from european union and european countries we need more to prevent russia from attacking again. so these are three things,

again, territorial integrity, sovereignty and security guarantees, which i think should be our red lines. rich: on the security guarantees, can they happen without the u.s., in just european countries? >> no, they can't. in general, i just want to be absolutely frank with you. we can't survive without the united states of america. i just want to address how -- will listen to us and -- [inaudible] we need united states support. we are very thankful to american people. i just want to thank again american people for all support we received. and for us to survive, we need this support. no other case, hundreds of thousands of people will die, hundreds of thousands. it's unacceptable scenario. and we with knead to -- we need to avoid it together. rich: president trump has noted the increase in attacks on ukraine from if russia is this

week. what's it been like this week in ukraine compared to previous weeks? >> it was a a difficult week, i should be frank with you. it was the hard, russians' attack. they tried attack, they tried to use this absence of american support including intelligence sharing. and, but i want to tell you we want peace. we want peace as soon as possible, and president trump, we believe that he can give us this peace. just we need to be as frank as, possible and as clear as possible. our security guarantees and other red lines that we have. but we need this support. and one thing which i, which is very important for us and i think president trump also a realizes it is that there is now a lot of pressure on ukraine, a lot of pressure. speaking about that we don't have intelligence, military support is on pause and so on, but it's time to put pressure on

russia because russia is -- russia doesn't want any peace. just you know, for you to know for sure, russia doesn't want peace. and only president trump can pressure them, can leverage them to go to negotiation table and to make peace. rich: you have in the past been critical of president zelenskyy. you're not a member of his party, you're in a different party. do you think that he should stand for elections soon, or is it impossible now given the war? >> it's absolutely -- i'm not support of president zelenskyy at all. but i want to tell you we can't have elections right now. it's just physically impossible if the from the security point of view. but what would i think be great from president zelenskyy to do, in 2018 when he ran for president, he promised that he is running for just one term, that he will not seek re-election. and i think now it's time to remind this. and if he would come and say we

can't have elections today, but we will have elections after the end of the war. i will make free democratic elections in which i will no run, i will not run again. and the ukrainian people will elect some new president. that would be the great stamp from him, i think, and that would be something which will take all the questions from the table. rich: and finally, what is your message to americans who want to know why american taxpayers should support ukraine? >> two messages. first of all, we are extremely thankful. we appreciate your support. you did fantastic job in supporting us. thank you very much. second thing is that ukraine in 1994 voluntarily gave up its nuclear weapons. absolutely, it was the first time in human history we did it. under the security guarantees from the united states. so support from the united

states is not just a charity, it's also something that you promised us to do. of it's your responsibility of the united states for non-proliferation policy. because if ukraine will fall apart, if ukraine will be finished by russians, it will mean nobody helps and the world will listen to anything because this will be the only way to secure its independence. so we need to save ukraine today and once again if future you can count on ukraine. rich: oleksiy, member of the parliament in ukraine, appreciate the time. >> thank you. rich: it has been 60 years since activists faced a alabama tate troopers who tear gassed and beat them with clubs. right now hundreds of people are marching across the edmund pettis bridge to commemorate bloody sunday. madison scarpino is live in selma, alabama, with more on the plans for this weekend's

anniversary. hey, madison. >> reporter: it's been a busy weekend here in selma as people from all over the world remember the violent but landmark moment in the civil rights movement. and you said it, right now people are walking across the historic edmund pettis bridge, a place where hundreds of a black protesters were brutally attacked back in 195. many of -- 1965. many of the people watching are survivors of the march 60 years ago. barbara singleton barge is one of them. she was just a kid during the march, and she's now a tour guide for visitors here in selma. >> they were firing tear gas at the marchers. so then we heard people running, we heard people screaming, and then we saw people coming back over the bridge. if we had no clue the effect that it would have on not only america, but the nation, but globally. >> reporter: the march was a turning point in american

history. it led to the voting rights act of 1965 prohibiting racial discrimination and voting. there have been several events this weekend to honor the martha includes a sunday morning service that happened a few hours ago with a bipartisan group of around 40 members of congress here today, and there is set to be a postmarch rally in about 30 minutes. and then later tonight there is going to be a tribute gospel concert. rich? rich:ed madison scarpino live in selma, thank you. president trump holds the first ever white house crypto summit and creates a strategic bitcoin reserve. that that's coming up. ♪ ♪

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>> my administration also is working to end the federal bureaucracy's war on crypto can haves going on pretty wildly during biden.

rich: well, president trump last week vowing to end what he calls the federal bureaucracy war on crypto as the first ever crypto summit friday. he also created a u.s. bitcoin reserve. for more, let's bring in chief executive officer of wave digital assets, david seemer. thanks for joining us. so what came out of this summit at the white house, and what does it mean for the crypto industry? >> yeah. it's absolutely huge. it's a real watershed moment for the whole city -- industry. there was a real war on crypto. we're an sec asset manager regulator in the state, we couldn't get bank accounts to save our life and a lot of other things. so bringing this on the u.s.' balance sheet, creating this digital asset reserve, what it literally means is every american citizen now owns crypto. small amount, but still actually owns bitcoinings, which is just an incredible moment. and we also, our company works with a lot of institutions, sovereign funds. there was a huge stigma across

everyone not to touch this asset class, to kind of stay away from it, and that is gone. obvious, it should be an asset like any other asset. those groups being able to come into our sector which they've been wanting to do for a long time and actually participate is huge for the space. rich: the biden administration tried the regulating clip focuser as you mentioned, through the sec. are there systemic concerns if banks hold too much crypto assets and they fall in value too quickly? what are the concerns here and how do you address that? >> i mean, you know, it's a volatile asset. it's volatile for a couple of reasons not everyone fully understands. you look at the stock or the bond markets, 50, 70% is held by active managers. it's a huge percentage of the asset class. in crypto that percentage is, like, 4 or 5%. it's a heavily retailed asset class. and retail investors tend to be volatile, they tend to follow

bandwagons, come in at the wrong moments and what not. so enabling institutions, sovereign funds, we're also seeing because of these announcements huge activity at the u.s. and state level, you know, 18 states now have legislation in front of them to bring on their own digital asset reserves. we're seeing about 20 different foreign countries doing the same, a lot of them looking to font-run the u.s. announcements and what not so they can participate in some upside. you know, it kind of changes everything. so all these new partners coming in who are kind of more active and is a little wit more thoughtful -- a little bit more thoughtful should bring that volatility down a lot. and look at it kind of the other way. i've been in this space spr a long time, i've had bitcoin since 2010. you know, it's a shame for the u.s. to miss out on this asset class. [laughter] as it kind of has been. as trump kind of pointed out, we've sold what happened have been $17 billion of bitcoin so far, they sold is it for a few dollars, you know, kind of the wrong times.

so there's a huge opportunity as well of making this this a reserve asset just is like gold. rich: there's been some criticism of the reserve, joe lonsdale says it's wrong to steal my money for grift on the left but also wrong to tax me for crypto bro scheme ises. cut it out with the schemes, guys. why isn't this a scheme? >> well, the way they're doing it is really thoughtful. i mean, they're not actually going out and taking taxpayer dollars and buying lots of digital assets. they just have it. they have it through seizures, and they have a lot more of it coming. right now it's at the state levels, but they're seizing between $3 to00-$300-500 million a month. they're just not going to tell what they have. they didn't pay for it, they got it through seizures -- [laughter] it was already an asset on the balance sheets that takes forever to get through these

court cases. so i know joe, but, no, they're not going to take taxpayer dollars today. maybe in the future, but that would be okay. rich: okay. david, thanks so much for joining us. deadly storms sweeping across the south with more severe weather possible. the forecast for the next week is coming up.oh is coming up.oh ♪ d ♪ will save the day. new poligrip ultimate all in 1. get superhuman hold, food seal and comfort. if your mouth could talk it would ask for poligrip. ego, the #1 rated brand in cordless outdoor power. experience our most powerful blower that exceeds the power of gas. the industry's most powerful cordless pressure washer, and a string

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rich: rounds of severe storms sweeping across the gulf coast region, and millions are expecting a major warmup. meteorologist adam klotz is at the fox weather center with the forecast. of ad a ad hey, rich. currently bringing heavy sures over the -- showers over the gulf coast. you do have to get through a soggy sunday here. largely just some thunderstorms, but with we have a low-end risk of these turning into isolated tornadoes and some strong winds all mixed within this, otherwise a big rainmaker for a lot of folks across the gulf coast there in florida and stretching up, ultimately, to georgia as well. here are your temperatures currently, 50s, 60s. but you look at the week ahead especially in the next down of old days -- couple of days, it gets even warmer by the time you get into monday. mid 70s there in kansas city. tuesday, that's a day where you're really seeing the temperatures climb, 75

louisville. i'll leave but with that, these temperatures are more like may and april. a big warmup in the week ahead. rich: we'll take it. that is it for this hour of "fox news deliver." "fox news sunday" with shannon bream in -- is next. i'm rich edson. thanks for watching.one, ♪ nergy. yay - woo hoo! ensure, with 27 vitamins and minerals, nutrients for immune health. and ensure complete with 30 grams of protein. (♪) ♪ like a relentless weed, moderate to severe ulcerative colitis symptoms can keep coming back. start to break away from uc with tremfya... with rapid relief at 4 weeks. tremfya blocks a key source of inflammation. at one year, many people experienced remission... and some saw 100% visible healing of their intestinal lining.

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