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Adult-film actress Stephanie Clifford, also known as Stormy Daniels, with her lawyer Michael Avenatti. Photo: Eduardo Munoz Alvarez/AFP/Getty Images

Stormy Daniels told The Daily Beast that her attorney Michael Avenatti went against her wishes and filed a defamation suit against President Trump earlier this year as well as started crowdfunding page to pay for her legal defense fund without informing her.

"I’m tremendously grateful to him for aggressively representing me in my fight to regain my voice. But in other ways Michael has not treated me with the respect and deference an attorney should show to a client. He has spoken on my behalf without my approval. He filed a defamation case against Donald Trump against my wishes. He repeatedly refused to tell me how my legal defense fund was being spent."
— A portion of Daniels' statement

The other side: When asked about two active CrowdJustice sites, Avenatti told The Daily Beast, “We reset the page as the focus of the case changed from when we first launched the site.”

  • He also said that funds have been used to cover the expenses listed on the website, such as his client’s security detail due to death threats, and the “other out-of-pocket costs of the litigation are also extraordinary (and I'm not speaking of attorneys' fees).”

The backdrop: Avenatti filed the defamation lawsuit in April based on "irresponsible and defamatory statements” the president made on Twitter that questioned Daniels credibility. But last month, a federal judge in California dismissed it and ordered Daniels to pay Trump’s legal bills. The president’s attorneys have asked for almost $350,000 in legal fees, and The Daily Beast reports that Daniels is seeking to lower that amount.

Go deeper

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

Felix Salmon, author of Capital
Updated 1 hour ago - Economy & Business

Crypto meets the real world

Illustration: Megan Robinson/Axios

The two largest countries in the world seem intent on effectively banning their citizens from participating in crypto, which poses a serious threat to the crypto agenda.

Why it matters: The crypto world is global — but the real world is fragmented into nation-states, each of which claims control of what happens within its borders.

Meadows cooperating with House Jan. 6 select committee

Mark Meadows. Photo: Yuri Gripas/Bloomberg via Getty Images

Former White House Chief of Staff Mark Meadows is cooperating with the House select committee in charge of investigating the Jan. 6 Capitol insurrection, the panel said Tuesday.

Driving the news: Meadows, who failed to appear before the panel earlier this month, is believed to have insight into former President Trump's role in efforts to stop the certification of President Biden's election win.