'The recent flood control scandal has again exposed the entrenchment, scale, and normalization of corruption in our country,' the Anti-Dynasty Networks says'The recent flood control scandal has again exposed the entrenchment, scale, and normalization of corruption in our country,' the Anti-Dynasty Networks says

Dynasts vs dynasties: Vico Sotto, coalition push for anti-dynasty law

2025/12/08 13:43
4 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

MANILA, Philippines – A group of reform-minded dynasts, academics, public servants including Pasig Mayor Vico Sotto, and other citizens has launched a new network pushing for the passage of an anti-dynasty law.

“The recent flood control scandal has again exposed the entrenchment, scale, and normalization of corruption in our country. This has been enabled by gross political and socio-economic inequalities, engendered by the dominance of political families,” the Anti-Dynasty Network said in a statement on Monday, December 8.

Rappler’s investigative series on flood control corruption showed that members of political dynasties are often linked to government contractors that bagged multi-billion infrastructure projects.

Under the draft proposal, the coalition wants the following key provisions in the anti-dynasty bill:

  • No family member may immediately succeed an incumbent in any elective post.
  • The restriction must apply up to the fourth degree of consanguinity or affinity, covering grandparents, parents, spouses, in-laws, children, siblings, grandchildren, aunts, uncles, and first cousins.
  • The ban must cover overlapping constituencies.
  • No two relatives within the fourth degree may simultaneously run for or hold the positions of president, vice president, or senator.
  • No two relatives within the fourth degree may simultaneously run for or hold office within the same province, city, or municipality.
  • No local official may be related to the district representative of the same area.
  • No relative of an incumbent official should be fielded as a party-list nominee.

“We call for a citizen-driven national dialogue on the issue of political dynasties. We encourage the coming together of all similar networks and stakeholders to converse with each other toward articulating a unified citizen position on dynasties that will secure a democracy that works for all and not the few,” the coalition said.

The coalition urged citizens who support its advocacy to sign up through this link.

Reform-minded dynast

While himself part of a political clan, Sotto has consistently rejected dynastic politics. Senate President Vicente “Tito” Sotto III is his uncle while Quezon City Vice Mayor Gian Sotto is his cousin.

When he was elected Pagis mayor in 2019, Sotto ended the decades-long Eusebio rule in the city. He is now one of the co-convenors of Mayors for Good Governance.

Also joining the network are descendants of prominent political families who are against political dynasties. They include:

  • Francis Aquino Dee, grandson of the late senator Benigno “Ninoy” Aquino Jr. and former president Corazon “Cory” Aquino
  • Patrick Ramos Jalasco, grandson of former president Fidel V. Ramos
  • Michaela Defensor, daughter of former Anakalusugan representative Mike Defensor

Development worker Mags Maglana, who challenged 1st District Representative Paolo “Pulong” Duterte in previous elections, was also a signatory.

Other members of the coalition are professors Carmel V. Abao, Julio Teehankee, Jean Encinas-Franco, Luis Abad, Paul Abaya, Sol Iglesias, Reynold Agnes, and Jan Robert Go; Pulse Asia Research, Incorporated President Ronnie Holmes; and Bangsamoro Autonomous Region in Muslim Mindanao’s Ministry of Social Services and Development Deputy Director Nur-Ainee Tan Lim.

Aika Robredo, who also teaches at Ateneo, is part of the network. She is the eldest daughter of former vice president and Naga City Mayor Leni Robredo and the late interior secretary Jesse Robredo.

Studies have shown links between political dynasties and poverty. Legal Network for Truthful Elections executive director Rona Ann Caritos said areas controlled by political dynasties also have higher risks of corruption and this is “why people don’t get the service and programs they really deserve.”

The 1987 Constitution mandates that “the State shall guarantee equal access to opportunities for public service, and prohibit political dynasties as may be defined by law.”

The definition of dynasties, however, and how they are to be prohibited have yet to be defined by Congress, which has been dominated through the years by members of political dynasties. – Rappler.com

Market Opportunity
EPNS Logo
EPNS Price(PUSH)
$0.011495
$0.011495$0.011495
+0.04%
USD
EPNS (PUSH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Revolutionary: CME SOL XRP Futures Options Set to Transform Crypto Trading

Revolutionary: CME SOL XRP Futures Options Set to Transform Crypto Trading

BitcoinWorld Revolutionary: CME SOL XRP Futures Options Set to Transform Crypto Trading Exciting news is rippling through the cryptocurrency world! The U.S. Chicago Mercantile Exchange (CME), a titan in traditional finance, is reportedly planning to launch CME SOL XRP futures options. This significant development, initially reported by Walter Bloomberg, marks a pivotal moment for institutional involvement in the altcoin market. It signals a new era for how Solana (SOL) and Ripple (XRP) might be traded, potentially opening doors to broader adoption and increased market maturity. What Does the Launch of CME SOL XRP Futures Mean for Crypto? When an institution like CME, known for its rigorous standards and vast trading volume, enters a new market, it brings a wave of legitimacy. The introduction of CME SOL XRP futures options indicates a growing acceptance of these digital assets within mainstream finance. This move could fundamentally change how investors perceive and interact with SOL and XRP. Futures options are financial derivatives that give traders the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date. For SOL and XRP, this means: Enhanced Price Discovery: More participants and trading volume can lead to more efficient and accurate pricing. Institutional Access: It provides regulated avenues for large institutional investors to gain exposure to SOL and XRP without directly owning the underlying assets. Risk Management: Traders can use these options to hedge against potential price fluctuations in their existing SOL and XRP holdings. Why Are SOL and XRP Chosen for CME SOL XRP Futures? The selection of Solana (SOL) and Ripple (XRP) for these new futures options is not arbitrary. Both cryptocurrencies hold significant positions in the market and offer distinct value propositions: Solana (SOL): Known for its high-performance blockchain, offering fast transaction speeds and low costs. Its robust ecosystem supports numerous decentralized applications (dApps), NFTs, and DeFi projects, attracting considerable developer and user interest. Ripple (XRP): Primarily focused on facilitating fast, low-cost international payments for financial institutions. Despite ongoing regulatory discussions, XRP maintains a strong market presence and a dedicated community, highlighting its potential for cross-border transactions. Their substantial market capitalization and existing liquidity make them attractive candidates for institutional-grade derivative products. This choice reflects a strategic assessment by CME of assets that can sustain significant trading interest and volume. Navigating the Landscape: Opportunities and Considerations for CME SOL XRP Futures The introduction of CME SOL XRP futures options presents a wealth of opportunities, yet it also comes with important considerations. On the opportunity front, we can expect increased liquidity, which benefits all market participants by making it easier to buy and sell without significant price impact. Moreover, it could attract new capital from traditional financial players who prefer regulated products. However, traders and investors should also consider the implications: Market Volatility: While derivatives can offer hedging, they can also amplify market movements. Regulatory Clarity: The regulatory landscape for cryptocurrencies, particularly for XRP, continues to evolve. CME’s move might encourage further clarity but also means ongoing scrutiny. Learning Curve: Understanding futures options requires a certain level of financial literacy, which new entrants to the crypto market may need to develop. These products offer sophisticated tools for managing exposure and speculating on price movements, but they demand a careful approach. What’s Next for the Crypto Market with CME SOL XRP Futures? The reported launch of CME SOL XRP futures options is more than just a new product offering; it represents a significant milestone in the ongoing convergence of traditional finance and the digital asset space. It underscores the growing maturity of the cryptocurrency market and its increasing integration into global financial systems. As institutional interest continues to surge, we can anticipate further innovation and a broader range of regulated products for other altcoins. This development is poised to offer sophisticated tools for investors and traders, potentially stabilizing market dynamics while simultaneously introducing new avenues for growth and investment. The crypto market is evolving rapidly, and CME’s latest initiative is a clear indicator of this exciting trajectory. To learn more about the latest crypto market trends, explore our article on key developments shaping the cryptocurrency market institutional adoption. Frequently Asked Questions (FAQs) What is the Chicago Mercantile Exchange (CME)? The CME is one of the world’s largest and most diverse derivatives marketplaces, offering a wide range of futures and options products across various asset classes, including equities, commodities, and now, expanding into specific cryptocurrencies. What are futures options in the context of SOL and XRP? Futures options for SOL and XRP are financial contracts that give the holder the right, but not the obligation, to buy or sell SOL or XRP futures contracts at a predetermined price on or before a specific date. They allow for hedging and speculation on price movements. Why are Solana (SOL) and Ripple (XRP) chosen for these new options? SOL and XRP were likely chosen due to their significant market capitalization, established liquidity, and distinct use cases within the crypto ecosystem, making them attractive for institutional-grade derivative products. How might CME SOL XRP futures options affect the prices of SOL and XRP? The introduction of these options could lead to increased liquidity and institutional participation, potentially influencing price discovery and stability. However, like all derivatives, they can also contribute to market volatility. When are these CME SOL XRP futures options expected to launch? While Walter Bloomberg reported CME’s plans, an official launch date has not yet been publicly announced by CME. Market participants should monitor official CME channels for updates. If you found this article insightful, please consider sharing it with your network! Help us spread the word about the exciting developments in the crypto space by sharing this article on your social media platforms. This post Revolutionary: CME SOL XRP Futures Options Set to Transform Crypto Trading first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 00:45
Swap xStocks Tokens Instantly on StealthEX

Swap xStocks Tokens Instantly on StealthEX

Discover 10 xStocks tokenized stock tokens — TSLAX, NVDAX, SPYX & more — now available to swap for 2,000+ cryptos on StealthEX. No registration required. The post
Share
Stealthex2026/03/27 14:40
UK Targets Southeast Asian Crypto Networks with Major Sanctions

UK Targets Southeast Asian Crypto Networks with Major Sanctions

The post UK Targets Southeast Asian Crypto Networks with Major Sanctions appeared on BitcoinEthereumNews.com. In a bold strategy to tackle crypto-enabled scams,
Share
BitcoinEthereumNews2026/03/27 14:22