The proposed bill from Senator Adam Schiff followed similar legislation in the House of Representatives from Maxine Waters in response to the president's memecoin dinner. California Senator Adam Schiff and nine other Democratic lawmakers have introduced legislation to prevent what they called “financial exploitation of digital assets” by the US president and other public officials. In a Monday announcement, Schiff and several Democratic senators said they had introduced the Curbing Officials’ Income and Nondisclosure, or COIN, Act, in response to US President Donald Trump’s connections to the cryptocurrency industry. The proposed legislation followed Trump’s disclosure of $57.4 million in income tied to World Liberty Financial (WLF), the crypto platform backed by members of his family. “President Donald Trump’s cryptocurrency dealings have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family,” said Schiff. “That’s why I am ...
Iran said on Monday that the US attack on its nuclear sites expanded the range of legitimate targets for its armed forces and called US President Donald Trump a “gambler” for joining Israel’s military campaign against the Islamic Republic. Since Trump joined Israel’s campaign by dropping massive bunker-buster bombs on Iranian nuclear sites on Sunday morning, Tehran has repeatedly threatened to retaliate. But while it has continued to fire missiles at Israel, it has yet to take action against the United States itself, either by firing at US bases or by targeting the 20 per cent of global oil shipments that pass near its coast at the mouth of the Gulf. “Mr Trump, the gambler, you may start this war, but we will be the ones to end it,” Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya central military headquarters, said on Monday in English at the end of a recorded video statement. Iran and Israel traded another wave of air and missile strikes on Monday as the world braced for Tehran’s response. Trump’...
Eric Semler says he enjoys being the “lone voice crying in the wilderness” with Bitcoin as most hedge fund executives think Bitcoin is a “fly-by-night concept.” Eric Semler, chairman of healthcare tech firm Semler Scientific Inc., says many of his hedge fund peers are skeptical about Bitcoin’s future once US President Donald Trump leaves office. “I think that they think it is a fly-by-night concept and that it is probably going to, after the Trump administration, go back down a lot,” Semler told Coin Stories host Natalie Brunell on Thursday. Semler, who also founded hedge fund TCS Capital Management in 2001, made his comments amid skepticism within the crypto industry about how long political support for crypto will last after US President Donald Trump’s administration ends. While Trump recently signed off on a Bitcoin (BTC) Strategic Reserve, some, like JAN3 founder Samson Mow, are concerned that support may potentially unravel under a future president. Read more
President Donald Trump said Friday that Iran had a “maximum” of two weeks to avoid possible US air strikes, day after saying that he would make a decision within a fortnight on whether to take military action. “I’m giving them a period of time, and I would say two weeks would be the maximum,” Trump […]
Iran won’t hold negotiations until Israeli aggression stops China proposes 4-point plan to resolve Iran-Israel conflict Trump approves plan to attack Iran: Report Iran fires new salvo of missiles, explosions at Tel Aviv, Jerusalem Field Marshal Asim Munir discusses Iran with President Trump Khamenei warns US against strikes on Iran Qatar receives letter from Iran’s […]
WASHINGTON: The White House said on Thursday that President Donald Trump will make a decision on whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks. Citing a message from Trump, White House Press Secretary Karoline Leavitt told reporters: “Based on the fact that there’s a substantial chance of negotiations […]
An umbrella company controlled by the president and his family has reportedly been reducing its stake in World Liberty Financial since December 2024. One of the companies connected to US President Donald Trump and his family’s position in World Liberty Financial (WLF) has reportedly reduced its stake in the cryptocurrency platform in the last 11 days. According to a Thursday Forbes report, DT Marks DeFi LLC, an umbrella company controlled by Trump and his family, has been slowly reducing its stake in WLF. The report noted that DT Marks DeFi LLC had a 75% stake in WLF as of December 2024, but World Liberty’s website said the company owned “approximately 60%” as of January — a stake that was further reduced to 40% sometime after June 8. While it's unclear whether the Trump family profited from the move, a Forbes analysis suggested that proceeds from such a sale could amount to millions of dollars. Read more