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Religious sisters lose lawsuit against Smith & Wesson alleging ‘facilitation’ of mass shootings #Catholic Several congregations of religious sisters have lost their lawsuit against the iconic American gun manufacturer Smith & Wesson, which claimed the company has “facilitated” mass shootings in the United States. A version of the lawsuit was first filed in December 2023 in Nevada district court by the Adrian Dominican Sisters, the Sisters of Bon Secours USA, the Sisters of St. Francis of Philadelphia, and the Sisters of the Holy Names of Jesus and Mary, U.S.-Ontario Province.The filing alleged that Smith & Wesson is “intent on marketing and selling AR-15 rifles in whatever manner results in the most sales.” The suit claimed the company was pursuing such marketing even if it “is illegal and attracts a dangerous category of buyers [and] facilitates an unrelenting and growing stream of killings.”The sisters had filed the suit as shareholders in the company, claiming that Smith & Wesson’s marketing “causes the company to face an ever-increasing and substantial likelihood of liability that threatens its long-term existence.” The filing specifically targeted the company’s board of directors on behalf of the company and its shareholders in what is known as a “derivative lawsuit.”The sisters in the original lawsuit failed to meet a required $500,000 security bond deadline, leading to the suit’s dismissal. They subsequently refiled in federal court in February 2025. In a March 23 order dismissing the suit, U.S. District Judge Gloria Navarro said the nuns failed to establish standing to bring the action against the board members.The judge said the nuns could amend the lawsuit if they wished, though the court reimposed the $500,000 security bond, ordering that the sisters must post the amount if they wished to continue the suit.Smith & Wesson was founded in 1852. It operates out of Tennessee and Nevada.The company makes and sells a wide array of firearms, including ArmaLite-type rifles, commonly referred to as “AR-15s,” which it has been selling since 2006.
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Religious sisters lose lawsuit against Smith & Wesson alleging ‘facilitation’ of mass shootings #Catholic Several congregations of religious sisters have lost their lawsuit against the iconic American gun manufacturer Smith & Wesson, which claimed the company has “facilitated” mass shootings in the United States. A version of the lawsuit was first filed in December 2023 in Nevada district court by the Adrian Dominican Sisters, the Sisters of Bon Secours USA, the Sisters of St. Francis of Philadelphia, and the Sisters of the Holy Names of Jesus and Mary, U.S.-Ontario Province.The filing alleged that Smith & Wesson is “intent on marketing and selling AR-15 rifles in whatever manner results in the most sales.” The suit claimed the company was pursuing such marketing even if it “is illegal and attracts a dangerous category of buyers [and] facilitates an unrelenting and growing stream of killings.”The sisters had filed the suit as shareholders in the company, claiming that Smith & Wesson’s marketing “causes the company to face an ever-increasing and substantial likelihood of liability that threatens its long-term existence.” The filing specifically targeted the company’s board of directors on behalf of the company and its shareholders in what is known as a “derivative lawsuit.”The sisters in the original lawsuit failed to meet a required $500,000 security bond deadline, leading to the suit’s dismissal. They subsequently refiled in federal court in February 2025. In a March 23 order dismissing the suit, U.S. District Judge Gloria Navarro said the nuns failed to establish standing to bring the action against the board members.The judge said the nuns could amend the lawsuit if they wished, though the court reimposed the $500,000 security bond, ordering that the sisters must post the amount if they wished to continue the suit.Smith & Wesson was founded in 1852. It operates out of Tennessee and Nevada.The company makes and sells a wide array of firearms, including ArmaLite-type rifles, commonly referred to as “AR-15s,” which it has been selling since 2006.

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Multiple congregations of sisters alleged that the gun manufacturer was partly complicit in “an unrelenting and growing stream of killings.”

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Ireland sees modest revival in faith, especially among youth and young adults #Catholic An increase in spirituality and religious practice among young adults in Ireland aged 18 to 30 and confirmation that Ireland is in the “middle range” of religious countries in Europe are among the trends identified in a new report published by the Irish Catholic bishops titled “Turning the Tide.”Archbishop Eamon Martin of Armagh, primate of all Ireland, told EWTN News: “There has been a lot of talk recently about the so-called quiet revival in religious practice in recent years. The [report] looks at some of the research studies that have been carried out north and south of the island of Ireland into religious practice, religious awareness and spirituality, and interest in religion, and asks a question by comparing this with European social studies: Is there actually any uptake [in] religious practice and awareness and interest in Ireland?”Drawing on research from the European Social Survey, the Iona Institute’s two recent surveys conducted by Amárach Research, and a variety of relevant academic studies, the report seeks to provide an integrated, relevant, and current look at religious practice in Ireland.“The report very interestingly points to some type of uptick, as they call it, particularly among young people around the ages of 16 to 30 and the fact that they are taking a new interest in religion and in spirituality.”Encouraged by the positive trends emerging across different studies, Martin sounded a note of caution, highlighting the challenges that these findings pose for the Catholic Church in Ireland.“I don’t think we should get ourselves too enthusiastic thinking this is a complete reversal of the very obvious decline and religious practice over the last 10 or 20 years,” he said. “However, it is saying something on the turning tide.”The archbishop pointed to the implications for the Irish Church: “It’s asking us to reflect on this phenomenon in the light of research, and for instance what does this mean for us as Church, as parishes, as dioceses? How are we responding to this growing body of young people who want to know more more about God, about church, and about religion?”The report, co-authored by Stephen Bullivant, professor of theology and the sociology of religion at St. Mary’s University, Twickenham, and Emily Nelson, a doctoral student of sociology at Queen’s University Belfast, examined the overall religious profile of the island of Ireland, including areas of convergence and divergence between Northern Ireland and the Republic of Ireland.The authors drew together research studies on patterns in belief, practice, and religious identification between generations, with particular attention to differences within young adult cohorts. The work also provided insight on  dimensions of religiosity, religious transmission, and attitudes toward Church teaching and institutions among both men and women.Ireland remains among the more religious countries in Europe, on measures of religious affiliation, religious service attendance, and frequency of prayer. Among western European countries, it is one of few outliers with a relatively high level of overall religiosity. It also ranks toward the higher end of (especially western) European countries on measures of weekly Mass attendance and daily prayer.While key measures of Irish religiosity have declined significantly since the European Social Survey began in 2002-2003, the most recent round in 2023-2024 shows a strong uptick in religious affiliation and religious practice.This effect is most strongly evident among those aged 16–29 years, across both Catholics and Protestants.Northern Ireland is both the most religious region of the United Kingdom, by a large margin, and the most religious part of the island of Ireland, in terms of both affiliation and religious practice.Although women in the Republic of Ireland are equally as likely as men to be religious, they continue to play an influential role in transmitting faith, even as they express higher levels of moral dissent and institutional dissatisfaction. The report revealed that 74% of Irish Catholic women were found to believe that the Church did not treat them with “a lot of respect.”According to the report, 51% of Irish adults — and 27% of Irish young adults —pray at least once a week, and 31% say they attend Mass at least once a week, placing them fourth overall, alongside Italy (32%) but well behind Poland (49%) and Slovakia (46%).There is a significant drop-off among young adults, whose reported religious practice is roughly half that of older adults. Irish 16- to 29-year-olds rank sixth overall compared with other countries, at 17%, though that is at least double the rates of the same age group in Switzerland, Germany, and Belgium, at 5%, and in Austria with less than 1%.The Irish report also pointed to a 2023 Barna study that found in certain respects, Irish teens are more religious than their global peers. Just over 3 in 5 (62%) Irish teens identify as Christian with nearly a third identify as atheist, agnostic, or of no faith.On average, 18- to 24-year-olds in the Republic of Ireland aren’t particularly positive about both Christianity and the Catholic Church in Ireland, but they are more positive than those in the 25–34 age range, and fewer have a negative attitude toward priests and nuns.In 2023, EWTN News’ Colm Flynn traveled to Ireland with the question “Is Ireland still Catholic?” He explored the various reasons for the decline of the faith in Ireland and the challenges the Church faces there today. In the three years since, and after many emails and messages pointing to signs of a “quiet revival” of faith in Ireland, Flynn recently returned to the country to explore those signs of renewal. In his report, he refers to the “Turning the Tide” report:
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Ireland sees modest revival in faith, especially among youth and young adults #Catholic An increase in spirituality and religious practice among young adults in Ireland aged 18 to 30 and confirmation that Ireland is in the “middle range” of religious countries in Europe are among the trends identified in a new report published by the Irish Catholic bishops titled “Turning the Tide.”Archbishop Eamon Martin of Armagh, primate of all Ireland, told EWTN News: “There has been a lot of talk recently about the so-called quiet revival in religious practice in recent years. The [report] looks at some of the research studies that have been carried out north and south of the island of Ireland into religious practice, religious awareness and spirituality, and interest in religion, and asks a question by comparing this with European social studies: Is there actually any uptake [in] religious practice and awareness and interest in Ireland?”Drawing on research from the European Social Survey, the Iona Institute’s two recent surveys conducted by Amárach Research, and a variety of relevant academic studies, the report seeks to provide an integrated, relevant, and current look at religious practice in Ireland.“The report very interestingly points to some type of uptick, as they call it, particularly among young people around the ages of 16 to 30 and the fact that they are taking a new interest in religion and in spirituality.”Encouraged by the positive trends emerging across different studies, Martin sounded a note of caution, highlighting the challenges that these findings pose for the Catholic Church in Ireland.“I don’t think we should get ourselves too enthusiastic thinking this is a complete reversal of the very obvious decline and religious practice over the last 10 or 20 years,” he said. “However, it is saying something on the turning tide.”The archbishop pointed to the implications for the Irish Church: “It’s asking us to reflect on this phenomenon in the light of research, and for instance what does this mean for us as Church, as parishes, as dioceses? How are we responding to this growing body of young people who want to know more more about God, about church, and about religion?”The report, co-authored by Stephen Bullivant, professor of theology and the sociology of religion at St. Mary’s University, Twickenham, and Emily Nelson, a doctoral student of sociology at Queen’s University Belfast, examined the overall religious profile of the island of Ireland, including areas of convergence and divergence between Northern Ireland and the Republic of Ireland.The authors drew together research studies on patterns in belief, practice, and religious identification between generations, with particular attention to differences within young adult cohorts. The work also provided insight on  dimensions of religiosity, religious transmission, and attitudes toward Church teaching and institutions among both men and women.Ireland remains among the more religious countries in Europe, on measures of religious affiliation, religious service attendance, and frequency of prayer. Among western European countries, it is one of few outliers with a relatively high level of overall religiosity. It also ranks toward the higher end of (especially western) European countries on measures of weekly Mass attendance and daily prayer.While key measures of Irish religiosity have declined significantly since the European Social Survey began in 2002-2003, the most recent round in 2023-2024 shows a strong uptick in religious affiliation and religious practice.This effect is most strongly evident among those aged 16–29 years, across both Catholics and Protestants.Northern Ireland is both the most religious region of the United Kingdom, by a large margin, and the most religious part of the island of Ireland, in terms of both affiliation and religious practice.Although women in the Republic of Ireland are equally as likely as men to be religious, they continue to play an influential role in transmitting faith, even as they express higher levels of moral dissent and institutional dissatisfaction. The report revealed that 74% of Irish Catholic women were found to believe that the Church did not treat them with “a lot of respect.”According to the report, 51% of Irish adults — and 27% of Irish young adults —pray at least once a week, and 31% say they attend Mass at least once a week, placing them fourth overall, alongside Italy (32%) but well behind Poland (49%) and Slovakia (46%).There is a significant drop-off among young adults, whose reported religious practice is roughly half that of older adults. Irish 16- to 29-year-olds rank sixth overall compared with other countries, at 17%, though that is at least double the rates of the same age group in Switzerland, Germany, and Belgium, at 5%, and in Austria with less than 1%.The Irish report also pointed to a 2023 Barna study that found in certain respects, Irish teens are more religious than their global peers. Just over 3 in 5 (62%) Irish teens identify as Christian with nearly a third identify as atheist, agnostic, or of no faith.On average, 18- to 24-year-olds in the Republic of Ireland aren’t particularly positive about both Christianity and the Catholic Church in Ireland, but they are more positive than those in the 25–34 age range, and fewer have a negative attitude toward priests and nuns.In 2023, EWTN News’ Colm Flynn traveled to Ireland with the question “Is Ireland still Catholic?” He explored the various reasons for the decline of the faith in Ireland and the challenges the Church faces there today. In the three years since, and after many emails and messages pointing to signs of a “quiet revival” of faith in Ireland, Flynn recently returned to the country to explore those signs of renewal. In his report, he refers to the “Turning the Tide” report:

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A new report examining surveys and research on the practice of the Catholic faith in Ireland shows an uptick in religious practice and spirituality among younger people.

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American Catholics launch crowdfunding effort to gift Pope Leo XIV papal tiara #Catholic A newly established nonprofit launched a crowdfunding effort to construct a papal tiara that will contain Catholic and American symbolism, with the plan to offer it to Pope Leo XIV as a gift from American Catholics for the first pontiff from the United States.“Historically, the majority of papal tiaras are gifts, usually from the home diocese of the pope or from religious [communities] they may be affiliated with,” Isaac Smith, a convert to Catholicism and the founder of Amici Vaticani, told EWTN News.Smith said he was motivated to launch the project to provide Leo with a papal tiara based on the desire for “us, as Americans, to continue that tradition.” He said the first American pope is “such a historical milestone” for Catholicism in the United States.The history of papal crowns dates back to at least the eighth century with the word “tiara” first used in the 12th century. A second crown was added to the tiara in the 13th century to symbolize that the pope holds authority in both spiritual and temporal matters.A three-crown tiara first appeared in the 14th century. One interpretation of the three crowns is that they represent the threefold office of Christ: priest, prophet, and king. Another suggests it represents the militant, the suffering, and the triumphant Church.The proposed tiara commissioned by Amici Vaticani maintains the 14th-century tradition of three crowns. The tiara will be constructed with sterling silver and the crowns will be gold-plated.Because the gift is meant to honor Leo’s American heritage, the tiara will have red, white, and blue stones, which represent the colors of the American flag. It will incorporate other American symbols: oak leaves, representing the national tree; and corn stalks, representing the national crop.Some of the symbols included in the tiara have dual meanings relevant to both the papacy and the United States. It will incorporate roses, which is a symbol of the Virgin Mary and the national flower; and it will incorporate olives, which is a symbol of the pontiff’s commitment to peace and appears on the Great Seal of the United States.A buttony cross will sit atop the crown as a symbol of American Catholicism. The cross is used in the coat of arms for the Archdiocese of Baltimore, the country’s first Catholic diocese, and is featured on the flag of Maryland, which is the location of the first English Catholic colonies.The design, Smith explained, is meant to be “elegant and traditional” to honor the office of the papacy but is also meant to “incorporate distinctively American elements” to honor the pope’s American heritage. Maltese jeweler Gabriel Farrugia works on a project. | Credit: Photo courtesy of Gabriel Farrugia Smith said he hopes to fund the project through small donations from the American Catholic faithful so the pontiff can see “this was a group effort” and a gift from Catholics in his home country. This project, he said, provides “a tangible way for people to connect with the successor of Peter.”He also said he plans to compile the names of every person who donates more than $20 into a book, which would be presented to the Holy Father along with the crown and would say on the cover: “Holy Father, please pray for these people.”Smith said his intention is that the tiara can “hopefully [be] put on display in a place of honor” after it is constructed “and presented to the pope when he visits.” When Leo met Vice President JD Vance, the pontiff said he would travel to the United States at some point, although the Holy Father does not have any specific publicly announced plans to visit as of yet.The tiara will be constructed by a Maltese jeweler and artist named Gabriel Farrugia, who has a background in creating religious art, including an Our Lady of Fátima crown, which was used in a coronation ceremony in Guardamangia, Malta. He has also been commissioned by Catholic churches for artistic projects.“Making sacred art is a type of thanksgiving to the One who created us,” Farrugia told EWTN News.“For the God that created us and gave us life, I think we should give him something,” he said, adding that sacred art provides “something that will be left there for ages” and something for “people to admire, to enjoy, and to reflect [upon].”The construction of the crown has not yet begun, as Amici Vaticani is still in the early stages of the crowdfunding effort.Amici Vaticani was launched in 2025 for the purpose of constructing the tiara. According to its website, the nonprofit also seeks to build up “the awakening of a Catholic spirit in the United States.”“Our country, once defined by its Protestant heritage, is now witnessing a boon of conversions,” the website notes. “Men and women rediscovering the depth, beauty, and authority of the Catholic faith.”
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American Catholics launch crowdfunding effort to gift Pope Leo XIV papal tiara #Catholic A newly established nonprofit launched a crowdfunding effort to construct a papal tiara that will contain Catholic and American symbolism, with the plan to offer it to Pope Leo XIV as a gift from American Catholics for the first pontiff from the United States.“Historically, the majority of papal tiaras are gifts, usually from the home diocese of the pope or from religious [communities] they may be affiliated with,” Isaac Smith, a convert to Catholicism and the founder of Amici Vaticani, told EWTN News.Smith said he was motivated to launch the project to provide Leo with a papal tiara based on the desire for “us, as Americans, to continue that tradition.” He said the first American pope is “such a historical milestone” for Catholicism in the United States.The history of papal crowns dates back to at least the eighth century with the word “tiara” first used in the 12th century. A second crown was added to the tiara in the 13th century to symbolize that the pope holds authority in both spiritual and temporal matters.A three-crown tiara first appeared in the 14th century. One interpretation of the three crowns is that they represent the threefold office of Christ: priest, prophet, and king. Another suggests it represents the militant, the suffering, and the triumphant Church.The proposed tiara commissioned by Amici Vaticani maintains the 14th-century tradition of three crowns. The tiara will be constructed with sterling silver and the crowns will be gold-plated.Because the gift is meant to honor Leo’s American heritage, the tiara will have red, white, and blue stones, which represent the colors of the American flag. It will incorporate other American symbols: oak leaves, representing the national tree; and corn stalks, representing the national crop.Some of the symbols included in the tiara have dual meanings relevant to both the papacy and the United States. It will incorporate roses, which is a symbol of the Virgin Mary and the national flower; and it will incorporate olives, which is a symbol of the pontiff’s commitment to peace and appears on the Great Seal of the United States.A buttony cross will sit atop the crown as a symbol of American Catholicism. The cross is used in the coat of arms for the Archdiocese of Baltimore, the country’s first Catholic diocese, and is featured on the flag of Maryland, which is the location of the first English Catholic colonies.The design, Smith explained, is meant to be “elegant and traditional” to honor the office of the papacy but is also meant to “incorporate distinctively American elements” to honor the pope’s American heritage. Maltese jeweler Gabriel Farrugia works on a project. | Credit: Photo courtesy of Gabriel Farrugia Smith said he hopes to fund the project through small donations from the American Catholic faithful so the pontiff can see “this was a group effort” and a gift from Catholics in his home country. This project, he said, provides “a tangible way for people to connect with the successor of Peter.”He also said he plans to compile the names of every person who donates more than $20 into a book, which would be presented to the Holy Father along with the crown and would say on the cover: “Holy Father, please pray for these people.”Smith said his intention is that the tiara can “hopefully [be] put on display in a place of honor” after it is constructed “and presented to the pope when he visits.” When Leo met Vice President JD Vance, the pontiff said he would travel to the United States at some point, although the Holy Father does not have any specific publicly announced plans to visit as of yet.The tiara will be constructed by a Maltese jeweler and artist named Gabriel Farrugia, who has a background in creating religious art, including an Our Lady of Fátima crown, which was used in a coronation ceremony in Guardamangia, Malta. He has also been commissioned by Catholic churches for artistic projects.“Making sacred art is a type of thanksgiving to the One who created us,” Farrugia told EWTN News.“For the God that created us and gave us life, I think we should give him something,” he said, adding that sacred art provides “something that will be left there for ages” and something for “people to admire, to enjoy, and to reflect [upon].”The construction of the crown has not yet begun, as Amici Vaticani is still in the early stages of the crowdfunding effort.Amici Vaticani was launched in 2025 for the purpose of constructing the tiara. According to its website, the nonprofit also seeks to build up “the awakening of a Catholic spirit in the United States.”“Our country, once defined by its Protestant heritage, is now witnessing a boon of conversions,” the website notes. “Men and women rediscovering the depth, beauty, and authority of the Catholic faith.”

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A nonprofit hopes to generate enough small donations to construct a papal tiara for Pope Leo XIV as a gift from American Catholics.

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Puerto Rico’s penal code recognizes unborn babies as human beings #Catholic Puerto Rico Gov. Jenniffer González signed into law on Feb. 12 a bill amending the penal code to recognize unborn babies as human beings at “any stage of gestation.”Senate Bill 923 — which when signed became Law 18-2026 — amends Article 92 of the penal code, which currently states that “murder is the intentional, knowing, or reckless killing of a human being.”The new law establishes that “for the purposes of this chapter, ‘human being’ shall include any conceived [unborn child] at any stage of gestation within the mother’s womb.”This legislation was authored by González, a Republican. In a press release posted on X, she explained that the objective is to complement Law 166-2025, known as the Keyshla Madlane Law, named after a pregnant woman in Puerto Rico who was murdered in April 2021.This law, the press release states, “among other things, defines as first-degree murder the intentional and knowing killing of a pregnant woman, resulting in the death of the unborn child at any stage of gestation within the mother’s womb.”In this regard, the approval of Law 18-2026 stands out, noting that “the legislation aims to maintain consistency between civil and criminal provisions by recognizing the conceived unborn child as a human being.”In December 2025, the governor also signed into law Senate Bill 504, which amended the civil code to state that “a human being in gestation or nasciturus is a natural person, including the conceived child at any stage of gestation within the mother’s womb.”A natural person simply means a living human being as distinct from a legal person such as a corporation. At the time, all of these laws were criticized by feminist and pro-abortion groups, who argued that they could lead to a ban on abortion in Puerto Rico and other U.S. jurisdictions.However, Puerto Rico Sen. Joanne Rodríguez Veve defended the passage of Bill 923 in January, stating that “the message of this type of legislation is powerful. It reaffirms this kind of language in our public policy that in the womb of a pregnant woman there is not just anything, not a mere indefinable object, but a subject, a developing human being who has dignity and whose value is intrinsic to their human nature.”This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.
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Puerto Rico’s penal code recognizes unborn babies as human beings #Catholic Puerto Rico Gov. Jenniffer González signed into law on Feb. 12 a bill amending the penal code to recognize unborn babies as human beings at “any stage of gestation.”Senate Bill 923 — which when signed became Law 18-2026 — amends Article 92 of the penal code, which currently states that “murder is the intentional, knowing, or reckless killing of a human being.”The new law establishes that “for the purposes of this chapter, ‘human being’ shall include any conceived [unborn child] at any stage of gestation within the mother’s womb.”This legislation was authored by González, a Republican. In a press release posted on X, she explained that the objective is to complement Law 166-2025, known as the Keyshla Madlane Law, named after a pregnant woman in Puerto Rico who was murdered in April 2021.This law, the press release states, “among other things, defines as first-degree murder the intentional and knowing killing of a pregnant woman, resulting in the death of the unborn child at any stage of gestation within the mother’s womb.”In this regard, the approval of Law 18-2026 stands out, noting that “the legislation aims to maintain consistency between civil and criminal provisions by recognizing the conceived unborn child as a human being.”In December 2025, the governor also signed into law Senate Bill 504, which amended the civil code to state that “a human being in gestation or nasciturus is a natural person, including the conceived child at any stage of gestation within the mother’s womb.”A natural person simply means a living human being as distinct from a legal person such as a corporation. At the time, all of these laws were criticized by feminist and pro-abortion groups, who argued that they could lead to a ban on abortion in Puerto Rico and other U.S. jurisdictions.However, Puerto Rico Sen. Joanne Rodríguez Veve defended the passage of Bill 923 in January, stating that “the message of this type of legislation is powerful. It reaffirms this kind of language in our public policy that in the womb of a pregnant woman there is not just anything, not a mere indefinable object, but a subject, a developing human being who has dignity and whose value is intrinsic to their human nature.”This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.

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Puerto Rico Gov. Jenniffer González signed into law on Feb. 12 a bill amending the penal code to recognize unborn babies as human beings at “any stage of gestation.”

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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of 6,000 in October 2025. Currently, one bitcoin is valued at about ,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around 4 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.
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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of $126,000 in October 2025. Currently, one bitcoin is valued at about $70,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around $184 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.

unitedyam

Catholic entrepreneurs Eddie Cullen and Karl Kilb want to use new financial technologies to benefit the Catholic Church and its charitable work.

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Archbishop Lori issues pastoral letter on political life in honor of 250th anniversary of the U.S. #Catholic Archbishop William Lori of Baltimore urged Catholics to foster a political culture grounded in Christ by prioritizing human dignity and genuine encounter amid partisan divisions.“In Charity and Truth: Toward a Renewed Political Culture,” released in anticipation of the 250th anniversary of the Declaration of Independence, is among the nine pastoral letters and reflections Lori has written as archbishop of Baltimore. The Feb. 9 letter explored how the anniversary can be “a moment of grace” and one of “responsibility.”The U.S. can both take pride in its achievements and “the vibrancy of our Catholic faith” while also recognizing “the fractures, wounds, and crises that mark both our national life and, sadly, even at times our ecclesial life,” Lori wrote.“As our nation approaches the 250th anniversary of the signing of the Declaration of Independence, we find ourselves invited into a moment of profound reflection and renewal,” Lori said. “Anniversaries are not merely occasions for nostalgia or celebration. Authentic remembrance always orients us toward renewal; it calls us to consider not only who we have been and who we are becoming — but, by God’s grace, who we are called to be.”The letter draws on teachings from the popes, the Second Vatican Council, the Constitution, and the lives of the saints.Addressing political discourse from a Catholic viewThe letter highlighted the U.S. political atmosphere, noting that “political discourse has become more vitriolic than usual.” Lori called for synodal listening, civic virtue, and patriotic charity — as exemplified by Blessed Michael McGivney — to renew public life with truth, responsibility, and hope.McGivney, founder of the Knights of Columbus, served immigrant families and addressed their economic insecurity and exclusion. Lori said genuine charity, unity, fraternity, and patriotic love should guide how Catholics engage with migrants and support their dignity and inclusion. Father Michael McGivney. | Credit: John Tierney/Father McGivney Guild Lori said ideological and cultural polarization “has produced an epidemic of loneliness and isolation — an aching sense of being unmoored, misunderstood, or unheard.”Lori wrote: “Synodality is, at its heart, a commitment to listening with humility, speaking with honesty, and discerning with the Holy Spirit — all while walking together, not apart.”“Such unity does not mean uniformity, nor does it eliminate disagreement,” Lori said. “Rather, it reflects a deeper truth. Our communion in Christ precedes our differences.”Synodality “does not dissolve disagreement. It expects it, because diverse people will inevitably see the world from different angles,” Lori said. The letter detailed what “synodality in politics looks like,” including a renewed willingness to listen, a refusal to demonize, a commitment to discernment, and a shared journey.Our world also needs “a new kind of politics — one that begins not with power but with the truth of the human person revealed in Jesus Christ,” Lori said. “Christ, in his incarnation, affirms the goodness of the human body and the meaning of human history.”According to Lori, this new type of politics includes resisting the idolatry of ideology. It must also honor the inherent dignity of every human life from conception to natural death, protect the vulnerable and the marginalized, engage in dialogue rather than accusation, and place the common good above partisan loyalty.A “mature Catholic political presence will” always defend human life in all its stages, advocate for the poor and the vulnerable, insist on racial and social justice, promote peace and reject violence, and uphold religious freedom for all, Lori said.In order to build a better political culture, “we must learn once more how to encounter, by stepping outside our ideological comfort zones, seeking out conversations with those on the margins or those with differing points of view, healing the wounds that divide us, committing ourselves to forgiveness,” Lori said.Virtue in public lifeLori called on U.S. citizens to employ the cardinal virtues in public life to create a “healthy political engagement.”People can use prudence by “evaluating policies not by slogans or emotional appeal but by their actual impact on human dignity,” Lori said. The virtue “helps us to see clearly, to judge wisely, and to act firmly.”Justice “is foundational to political life,” Lori said. “It is the virtue that moves us to honor the dignity of every human person and to recognize that each person has rights that must be protected and responsibilities that must be fulfilled.”Fortitude “strengthens us to pursue what is right despite fear, intimidation, or difficulty,” Lori said. “It empowers each of us to resist the pressure to conform to divisive rhetoric, to endure criticism when standing for truth, and to advocate for the vulnerable even when it is politically inconvenient.”Lastly, temperance “moderates our impulses and helps us resist the allure of excess,” Lori said. “In political culture, temperance is perhaps the virtue most needed today. Temperance invites us to slow down, to choose words carefully, to avoid rash judgments, and to discipline the desire to ‘win’ at the expense of relationship, truth, or the common good.”RenewalLori called for renewal ahead of the 250th anniversary of the U.S. He invited all Catholics and all people of goodwill to commit themselves to a renewed political culture and to answer the call of hope.The letter concluded by detailing “a path forward” on how to renew political culture, including: renewing prayer for the nation, practicing civil dialogue, rejecting hatred and violence, serving the common good, forming consciences, and encountering those different from oneself.“In the midst of political upheaval, the Church does not withdraw from public life, nor does she align herself with any partisan identity,” Lori said. “She remains what she has always been: a sacrament of unity, a beacon of hope, and a teacher of truth.”“Her mission is not to win elections but to form saints. Not to secure power but to proclaim the Gospel. Not to mirror the divisions of society but to heal them,” Lori said.“Our nation needs Catholics who embody this mission — women and men whose lives witness to the dignity of every human person, whose love bridges divides, whose courage resists hatred, and whose faith insists that despair does not have the final word. The civic landscape may look dark at times, but the Church has lived through darker times and emerged stronger, purified, and more faithful. So, too, can our nation,” he said.
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Archbishop Lori issues pastoral letter on political life in honor of 250th anniversary of the U.S. #Catholic Archbishop William Lori of Baltimore urged Catholics to foster a political culture grounded in Christ by prioritizing human dignity and genuine encounter amid partisan divisions.“In Charity and Truth: Toward a Renewed Political Culture,” released in anticipation of the 250th anniversary of the Declaration of Independence, is among the nine pastoral letters and reflections Lori has written as archbishop of Baltimore. The Feb. 9 letter explored how the anniversary can be “a moment of grace” and one of “responsibility.”The U.S. can both take pride in its achievements and “the vibrancy of our Catholic faith” while also recognizing “the fractures, wounds, and crises that mark both our national life and, sadly, even at times our ecclesial life,” Lori wrote.“As our nation approaches the 250th anniversary of the signing of the Declaration of Independence, we find ourselves invited into a moment of profound reflection and renewal,” Lori said. “Anniversaries are not merely occasions for nostalgia or celebration. Authentic remembrance always orients us toward renewal; it calls us to consider not only who we have been and who we are becoming — but, by God’s grace, who we are called to be.”The letter draws on teachings from the popes, the Second Vatican Council, the Constitution, and the lives of the saints.Addressing political discourse from a Catholic viewThe letter highlighted the U.S. political atmosphere, noting that “political discourse has become more vitriolic than usual.” Lori called for synodal listening, civic virtue, and patriotic charity — as exemplified by Blessed Michael McGivney — to renew public life with truth, responsibility, and hope.McGivney, founder of the Knights of Columbus, served immigrant families and addressed their economic insecurity and exclusion. Lori said genuine charity, unity, fraternity, and patriotic love should guide how Catholics engage with migrants and support their dignity and inclusion. Father Michael McGivney. | Credit: John Tierney/Father McGivney Guild Lori said ideological and cultural polarization “has produced an epidemic of loneliness and isolation — an aching sense of being unmoored, misunderstood, or unheard.”Lori wrote: “Synodality is, at its heart, a commitment to listening with humility, speaking with honesty, and discerning with the Holy Spirit — all while walking together, not apart.”“Such unity does not mean uniformity, nor does it eliminate disagreement,” Lori said. “Rather, it reflects a deeper truth. Our communion in Christ precedes our differences.”Synodality “does not dissolve disagreement. It expects it, because diverse people will inevitably see the world from different angles,” Lori said. The letter detailed what “synodality in politics looks like,” including a renewed willingness to listen, a refusal to demonize, a commitment to discernment, and a shared journey.Our world also needs “a new kind of politics — one that begins not with power but with the truth of the human person revealed in Jesus Christ,” Lori said. “Christ, in his incarnation, affirms the goodness of the human body and the meaning of human history.”According to Lori, this new type of politics includes resisting the idolatry of ideology. It must also honor the inherent dignity of every human life from conception to natural death, protect the vulnerable and the marginalized, engage in dialogue rather than accusation, and place the common good above partisan loyalty.A “mature Catholic political presence will” always defend human life in all its stages, advocate for the poor and the vulnerable, insist on racial and social justice, promote peace and reject violence, and uphold religious freedom for all, Lori said.In order to build a better political culture, “we must learn once more how to encounter, by stepping outside our ideological comfort zones, seeking out conversations with those on the margins or those with differing points of view, healing the wounds that divide us, committing ourselves to forgiveness,” Lori said.Virtue in public lifeLori called on U.S. citizens to employ the cardinal virtues in public life to create a “healthy political engagement.”People can use prudence by “evaluating policies not by slogans or emotional appeal but by their actual impact on human dignity,” Lori said. The virtue “helps us to see clearly, to judge wisely, and to act firmly.”Justice “is foundational to political life,” Lori said. “It is the virtue that moves us to honor the dignity of every human person and to recognize that each person has rights that must be protected and responsibilities that must be fulfilled.”Fortitude “strengthens us to pursue what is right despite fear, intimidation, or difficulty,” Lori said. “It empowers each of us to resist the pressure to conform to divisive rhetoric, to endure criticism when standing for truth, and to advocate for the vulnerable even when it is politically inconvenient.”Lastly, temperance “moderates our impulses and helps us resist the allure of excess,” Lori said. “In political culture, temperance is perhaps the virtue most needed today. Temperance invites us to slow down, to choose words carefully, to avoid rash judgments, and to discipline the desire to ‘win’ at the expense of relationship, truth, or the common good.”RenewalLori called for renewal ahead of the 250th anniversary of the U.S. He invited all Catholics and all people of goodwill to commit themselves to a renewed political culture and to answer the call of hope.The letter concluded by detailing “a path forward” on how to renew political culture, including: renewing prayer for the nation, practicing civil dialogue, rejecting hatred and violence, serving the common good, forming consciences, and encountering those different from oneself.“In the midst of political upheaval, the Church does not withdraw from public life, nor does she align herself with any partisan identity,” Lori said. “She remains what she has always been: a sacrament of unity, a beacon of hope, and a teacher of truth.”“Her mission is not to win elections but to form saints. Not to secure power but to proclaim the Gospel. Not to mirror the divisions of society but to heal them,” Lori said.“Our nation needs Catholics who embody this mission — women and men whose lives witness to the dignity of every human person, whose love bridges divides, whose courage resists hatred, and whose faith insists that despair does not have the final word. The civic landscape may look dark at times, but the Church has lived through darker times and emerged stronger, purified, and more faithful. So, too, can our nation,” he said.

unitedyam

Archbishop William Lori urged Catholics to approach public life with synodal listening and civic virtue, drawing on Blessed Michael McGivney’s example of serving immigrant families.

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