The Wall Street Journal Editorial Board is reporting on several significant political and economic developments. It said a recent victory in Michigan’s Democratic Senate primary sets the stage for a crucial November election. The Editorial Board also addressed the situation in Ukraine, noting that Putin’s missile barrages have resulted in casualties because Kyiv lacked the capability to intercept the attacks. It questioned whether President Donald J Trump would leave Ukraine without Patriot missile systems. In Colorado, the Editorial Board highlighted Ballot Initiative 195, which it said would replace the state’s flat tax with high graduated rates, a move by progressives to increase taxes. Finally, the Editorial Board discussed a Senate bill aimed at regulating digital currency. It said the proposed legislation offers "clarity for crypto, sort of," but emphasized the need for changes to reduce risks to the financial system.
