United States President Donald Trump said on Monday he would call a national emergency and federalise Washington DC after Mayor Muriel Bowser said its police would not cooperate with Immigration and Customs Enforcement (ICE). At issue is the provision of information on individuals living in, or entering, the United States illegally. Trump’s threat adds to a move critics have seen as federal overreach, with more than 2,000 troops patrolling the city. The comments come after several thousand protesters hit the streets this month over Trump’s August deployment of National Guard troops to “re-establish law, order, and public safety“, after calling crime a blight on the capital. “In just a few weeks. The ‘place’ is absolutely booming … for the first time in decades, virtually no crime,” Trump said on Truth Social. Bowser’s office did not immediately respond to a request for comment on Trump’s post. Earlier, he had put the metropolitan police department under direct federal control and sent federal law enforcement,...
Stephen Miran has made few public statements on crypto or blockchain, but signaled in interviews before joining the Trump administration that he would support digital assets. The US Senate Banking Committee has advanced the nomination of Stephen Miran to a temporary position on the Federal Reserve Board of Governors after another member resigned in August. In a Wednesday meeting, the banking committee voted along party lines, 13 to 11, to advance Miran’s nomination to the full Senate for consideration. All Democrats voted against the potential Fed governor, while Republicans, in the majority, voted in favor. Miran, whom President Donald Trump picked to chair the Council of Economic Advisors in December, said during a hearing last week that he would not resign from his role advising the White House if his time as a Fed governor were extended past January. If confirmed, he would fill a term vacated by Fed member Adriana Kugler, ending on Jan. 31. Read more
The Trump family fortune soared this week amid heightened volatility, but the price of ABTC and WLFI have since retraced by double-digits. The family of United States president Donald Trump grew their collective wealth by $1.3 billion this week amid the trading debut of mining company American Bitcoin (ABTC), and gains from World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol linked to the Trump family. World Liberty Financial has added $670 million to the Trump family’s net worth, and Eric Trump’s stake in ABTC, which he co-founded, was valued at over $500 million following the trading debut of ABTC on Wednesday, according to Bloomberg. The calculation measured the family’s net worth using market prices on Wednesday when shares of ABTC shot up to a high of $14 before collapsing by over 50% to a low of 6.24. Read more