November 23

Crypto crash erodes Trump family crypto holdings and investor gains

On Nov. 23, 2025, Bloomberg reported that a crypto market crash reduced the value of Trump family-linked assets, including the TRUMP memecoin, Eric Trump's American Bitcoin stake and Trump Media shares tied to bitcoin holdings. The report treated the losses as a market outcome, not a legal finding.

Geneva Ukraine peace talks revise U.S.-Russia plan as Trump sets Thanksgiving deadline

US and Ukrainian officials met in Geneva on November 23-24 and produced a revised peace framework narrowed from 28 to 19 points after the original plan was criticized as favoring Moscow. Trump pressured Ukraine to sign by Thanksgiving (November 27), a deadline that was later scrapped. Russia had not yet seen the revised plan.

A Nevada court dismisses Jim Marchant's mail-ballot machine challenge

Jim Marchant filed or pursued Marchant v. Gloria in Nevada after the 2020 election. The case requested a new congressional election based on allegations about machines used to process mail ballots. The primary court document records that the Nevada court denied the petition for a writ of mandamus and dismissed the case.

The Pennsylvania Supreme Court lets Allegheny County count undated mail ballots

Nicole Ziccarelli filed or pursued Ziccarelli v. Allegheny County Board of Elections in Pennsylvania after the 2020 election. The case appealed Allegheny County decisions to count mail ballots with undated voter declarations. The primary court document records that the Pennsylvania Supreme Court found the challenged ballots valid.

Stafford Act is signed into law, defining the federal disaster role

President Ronald Reagan signed the Robert T. Stafford Disaster Relief and Emergency Assistance Act on November 23, 1988, amending the Disaster Relief Act of 1974 and creating the statutory framework still in use today. The law established the presidential disaster declaration process, defined FEMA authorities, and set the 75 percent federal cost-sharing minimum for public assistance. The Stafford Act remains the primary legal authority for federal disaster response.

Reagan vetoes spending bill first shutdown of Reagan presidency begins over reduced spending cuts

On November 23, 1981, the first shutdown of President Ronald Reagan's administration begins when he vetoes a proposed appropriations bill. Reagan, a committed conservative seeking to shrink government spending, rejects the bill because it contains smaller spending cuts than he demanded for select departments. The shutdown affects government-wide operations and places 241,000 federal employees into furlough. The impasse reflects Reagan's ideological commitment to reducing the federal government's size and scope, a core theme of his presidency. Economists estimate the one-day shutdown costs taxpayers between $80 million and $90 million in back pay and other expenses. Reagan's veto power and commitment to fiscal conservatism become hallmarks of his early budgetary negotiations with Congress.