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Photo: Mark Wilson / Getty Images

Special Counsel Robert Mueller and his legal team has moved to drop charges that were brought last week in an expansive superseding indictment against Rick Gates. The 32-count indictment issued in the Eastern District of Virginia accused Gates of tax and bank fraud.

Why it matters: Mueller's decision to drop the more expansive charges against Gates suggests that he may have provided good information for Mueller's probe. Gates still faces an advisory sentence of 57 to 71 months under his guilty plea, per Bloomberg, but it's worth noting that the "prosecution can request a shorter sentence but isn't required to do so." Gates pled guilty last week to charges filed in the District of Columbia on counts of conspiracy against the United States and lying to the FBI and the Special Counsel.

Go deeper: Read last week's superseding indictment to see the full scope of the dropped charges.

Go deeper

Updated 32 mins ago - Politics & Policy

National Guard chief: Pentagon's "unusual" Jan. 6 restrictions led to 3-hour delay

William Walker, commanding general of the D.C. National Guard, testified Wednesday that a three-hour delay in approval for National Guard assistance during the Jan. 6 Capitol attack was exacerbated by "unusual" restrictions on his authorities by Pentagon leadership.

Why it matters: Walker testified that if Army Secretary Ryan McCarthy had not prohibited him in a Jan. 5 memo from using the National Guard's "Quick Reaction Force" without authorization, he would have "immediately" sent troops to the Capitol after receiving a "frantic call" from then-Capitol Police Chief Steven Sund.

1 hour ago - World

U.S.-Iran nuclear diplomacy is going nowhere fast

Illustration: Annelise Capossela/Axios

Iran's cool response to the Biden administration's push for diplomatic engagement, along with rising tensions in the region, makes clear that salvaging the 2015 nuclear deal may be far more difficult than many had anticipated.

The state of play: Both the U.S. and Iran have entered the diplomatic dance, but it seems to be moving in circles.

Venture capital firm Indie.vc is shutting down

Illustration: Sarah Grillo/Axios

Indie.vc, an effort launched six years ago to invest small amounts in bootstrapped businesses, announced on Tuesday that it’s winding down.

Why it matters: Venture capital, despite being the money of innovation, is rarely innovative itself. Indie.vc was an effort to break out of the tedium, so its failure is de facto disappointing.