Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing. The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation. Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose. Read more
The Republican-controlled US Senate narrowly advanced President Donald Trump’s, sweeping tax-cut and spending bill on Saturday, during a marathon weekend session marked by political drama, division and lengthy delays as Democrats sought to slow the legislation’s path to passage. Lawmakers voted 51-49 to open debate on the 940-page megabill, with two of Trump’s fellow Republicans joining Democrats to oppose the legislation that would fund the president’s top immigration, border, tax-cut and military priorities. Trump on social media hailed the “great victory” for his “great, big, beautiful bill”. After hours of delay, during which Republican leaders and Vice President JD Vance worked behind closed doors to persuade last-minute holdouts to support the measure, Democrats demanded that the megabill first be read aloud in the chamber — a task that could delay the start of the debate until Sunday afternoon. Democrats say the bill’s tax cuts would disproportionately benefit the wealthy at the expense of social progr...
Several Democratic lawmakers have said that they will not vote to pass crypto regulations if potential conflicts of interest are not addressed. US President Donald Trump didn’t answer a reporter’s question on whether he would divest from his family’s crypto ventures in order to ensure passage of key cryptocurrency legislation, saying only that if the US didn’t have crypto, China or other countries would. "Many Democrats have said that they are not going to support crypto bills in Congress only because of you and your family's personal crypto ventures," a reporter said to Trump during press briefing at the White House on Friday. Asked whether he would consider divesting from his crypto ventures to ease political pressure on digital asset bills on Congress, Trump responded: Read more
United States President Donald Trump said on Friday that he is calling off trade negotiations with Canada in retaliation for taxes impacting major US tech firms, adding that Ottawa will learn of their tariff rate within a week. “Based on this egregious tax, we are hereby terminating all discussions on trade with Canada, effective immediately,” Trump said in a post on his Truth Social platform. He added that Canada will soon find out the levy it needs to pay to do business in the United States, calling his country’s northern neighbour “very difficult” to trade with. Washington has previously taken issue with Canada’s digital services tax, requesting dispute settlement talks last year over the matter. While Canada’s digital services tax is not new — it was enacted last year — US service providers are “on the hook for a multi-billion dollar payment in Canada” by June 30, noted the Computer and Communications Industry Association. While Canada has been spared from some of Trump’s most sweeping duties, such as a 1...