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Students protest in Madrid, Spain during the wave of global demonstrations against climate change on March 15. Photo: Oscar Del Pozo/AFP/Getty Images

Thousands of youth students and protestors joined global protests on Friday in a massive demonstration against climate change, sparked by 16-year-old Swedish climate activist Greta Thunberg.

Our thought bubble, per Axios' Andrew Freedman: The protests on Friday are the largest and most widespread demonstrations on this issue since the run-up to the Paris Climate Summit in 2014 and 2015, and illustrate that young people feel a sense of urgency on this issue that those in power have lacked.

Greta Thunberg walks with protestors in Stockholm, Sweden on March 15. Photo: Pontus Lundahl/Agence France-Presse via Getty Images
Climate change protesters and police clash in Naples, Italy on March 15. Photo: Ivan Romano/Getty Images
Students protest in New Dehli on March 15. Photo: Laurène Becquart/AFP
Young people chant outside the Panthéon in Paris, France on March 15. Photo: Kiran Ridley/Getty Images
Youth gather on March 15 in front of Barcelona City Hall in Madrid, Spain. Photo: Lluis Gene/AFP/Getty Images
Protestors outside Sydney Town Hall in Australia on March 15. Photo: James Gourley/Getty Images
Students protest in Kampala, Uganda on March 15. Photo: Isaac Kasamani/AFP
Hundreds of youth gather on March 15 in Munich, Germany. Photo: Alexander Pohl/NurPhoto via Getty Images
Austrian students gather outside the Hofburg palace in Vienna, Austria on March 15. Photo: Joe Klamar/AFP/Getty Images
Students rally in Auckland's Aotea Square over climate change on March 15 in Auckland, New Zealand. Photo: Phil Walter/Getty Images
Gatherings emerged in Seoul, South Korea on March 15. Jung Yeon-Je/AFP/Getty Images
Protestors congregate near the Ministry of Energy and Coal Industry in Kiev, Ukraine, on March 15. Photo: STR/NurPhoto via Getty Images
Students and protestors walk down the street in Tokyo, Japan on March 15. Photo: Takashi Aoyama/Getty Images

Go deeper: Read more on the global Future for Friday protests

Go deeper

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.

China deems all cryptocurrency transactions illegal

A person walking past China's central bank in Beijing in August 2007. Photo: Teh Eng Koon/AFP via Getty Images

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

Why it matters: China's government is now following through with its goal of cracking down on unofficial virtual currencies, which it has said are a financial, social and national security risk and a contributor to global warming.

Biden's big bet backfires

Two key dealmakers — Sen. Joe Manchin (D-W.Va.) and Sen. Mark Warner (D-Va.) — leave a luncheon in the Capitol yesterday. Photo: Kent Nishimura/L.A. Times via Getty Images

President Biden bit off too much, too fast in trying to ram through what would be the largest social expansion in American history, top Democrats privately say.

Why it matters: At the time Biden proposed it, he had his mind set on a transformational accomplishment that would put him in the pantheon of FDR and JFK.