US President Donald Trump suggested on Friday it would be premature to give Tomahawk missiles to Ukraine, saying as he hosted Volodymyr Zelensky that he hoped to secure peace with Russia first. “Hopefully, they won’t need it. Hopefully we’ll be able to get the war over with without thinking about Tomahawks,” Trump told journalists, including an AFP reporter, as the two leaders met at the White House. Trump added that he was confident of getting Russian President Vladimir Putin to end the invasion he launched in 2022, following a phone call with the Kremlin chief a day earlier. The US and Russian presidents agreed on Thursday to a new summit in the Hungarian capital, Budapest, which would be their first since an August meeting in Alaska that failed to produce any kind of peace deal. “I think that President Putin wants to end the war,” Trump said. But Zelensky, who wore a dark suit for his third meeting with Trump in Washington since the US president’s return to power, demurred, saying that Putin was “not ready...
Representatives from Gemini, Ripple and Coinbase were reportedly in attendance at the fundraising dinner at the White House on Wednesday evening. US President Donald Trump hosted a dinner for companies pledging funds to build a new ballroom in the White House, with attendees reportedly including Gemini co-founders Cameron and Tyler Winklevoss, and executives from Coinbase and Ripple. According to a Wednesday Wall Street Journal report, among the donors and attendees of the dinner at the White House were the Winklevosses and representatives from Coinbase Global and Ripple Labs. The dinner was reported to be aimed at funding for the White House ballroom proposed by Trump in July, which was estimated to cost $250 million. The ballroom is projected to add about 90,000 square feet — 8,361 square meters — to the White House. Cointelegraph reached out to Coinbase, Ripple, Gemini and the White House for comment on the amount of the donations, but had not received a response at the time of publication. Read more
The Trump family’s crypto ventures have generated over $1 billion in profit, led by World Liberty Financial and memecoins including TRUMP and MELANIA. US President Donald Trump’s second term in office has coincided with an extraordinary increase in his personal wealth, much of it linked to a sprawling cryptocurrency empire built by the president and his family. According to a Financial Times investigation, Trump’s crypto ventures have generated more than $1 billion in pre-tax profit over the past year. Trump’s son, Eric, confirmed to the outlet that the family’s actual profits were “probably more.” At the center of this new fortune is World Liberty Financial, a crypto company founded by Trump’s sons and allies, which has sold billions of dollars in tokens and stablecoins. The project, whose website identifies President Donald Trump as “co-founder emeritus,” launched last year with plans for a crypto-lending app. Read more
Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.” Update Oct 15, 10:55pm: This article has been updated to include comments from US Treasury Secretary Scott Bessent and the impact of tariffs on the Bitcoin mining industry. US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one now,” Trump said after being asked by White House reporters whether the US is preparing for a “sustained trade war with China.” ”If we didn’t have tariffs, we would be exposed as being a nothing, we would have no defense,” Trump explained, calling the tariffs an important measure for America’s national security. Read more
The bill, if passed, would codify US President Donald Trump's executive order allowing retirement plans to include "alternative assets," including cryptocurrencies. A lawmaker in the US House of Representatives has reportedly introduced a bill that would codify — make into law — an executive order by President Donald Trump allowing alternative assets such as cryptocurrencies to be included in 401(k) retirement accounts. Republican Representative Troy Downing introduced a draft bill in the House Financial Services Committee that would give Executive Order 14330 the force of law, Politico reported on Tuesday. The order, which Trump issued on Aug. 7, says every American preparing for retirement should have access to funds that include “alternative assets” when deemed appropriate by a plan fiduciary. Read more