US President Donald Trump is bringing criminal charges against the head of the Fed in what many see as a political move motivated by a desire for lower interest rates. The US Department of Justice, at the direction of President Donald Trump, has opened a criminal investigation into Federal Reserve Chairman Jerome Powell. The DOJ alleges that the chair has misallocated funds in the course of renovations of Federal Reserve office buildings, a claim that Powell has denied. The Fed chair said that the charges were politically motivated and “a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.” Read more
US President Donald Trump said the “leaker on Venezuela has been found and is in jail” as some Polymarket accounts tied to early bets on Maduro’s ouster go silent. US President Donald Trump said the “leaker on Venezuela” has been jailed, a remark that has renewed scrutiny of prediction markets following a series of well-timed bets earlier this month. “The leaker on Venezuela has been found and is in jail right now,” Trump said in the Oval Office on Wednesday, according to a video posted by The Wall Street Journal. Although Trump did not mention prediction markets, blockchain analysts such as Lookonchain have speculated that the leaker may be linked to a cluster of Polymarket accounts that placed concentrated bets on Venezuela outcomes just hours before the news became public. Read more
Denmark and Greenland’s top diplomats held high-stakes talks at the White House on Wednesday, with US President Donald Trump warning it was “vital” for the United States to take control of the Arctic island. Shortly before the meeting with US Vice President JD Vance and Secretary of State Marco Rubio, Denmark announced it was immediately boosting its military presence in strategic Greenland. Footage from CNN showed Danish Foreign Minister Lars Lokke Rasmussen and his Greenlandic counterpart Vivian Motzfeldt arriving at the White House campus, while AFP journalists saw Rubio and Vance heading into the talks. Trump’s escalating threats over Greenland — a vast and sparsely populated autonomous territory belonging to Nato ally Denmark — have deeply shaken transatlantic relations. The 79-year-old Republican insisted ahead of the talks that Nato should support the US effort to take control of Greenland, saying it was crucial for his planned Golden Dome air and missile defence system. “Nato becomes far more formidab...
“We have never seen financial conflicts or corruption of this magnitude,” said Senator Elizabeth Warren on US President Donald Trump's links to World Liberty Financial. US Senator Elizabeth Warren is pressuring the country’s banking regulator to hold off on considering World Liberty Financial’s bid for a bank charter until US President Donald Trump divests his interest in the crypto platform. In a letter on Tuesday, Warren asked Comptroller of the Currency, Jonathan Gould, to delay reviewing World Liberty’s application for a national trust bank until Trump “eliminates all financial conflicts of interest involving himself or his family and the company.” “We have never seen financial conflicts or corruption of this magnitude,” Warren said. “The United States Congress failed to address them when it passed the GENIUS Act into law—so it is incumbent for the Senate to address these real and serious conflicts of interest as it considers crypto market structure legislation.” Read more