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Donald Trump fundraiser latest sign of support in Silicon Valley

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Donald Trump fundraiser latest sign of support in Silicon Valley

Donald Trump has raised $12mn at a fundraiser for top venture capitalists and entrepreneurs in San Francisco, marking the most significant sign yet that the former Republican president is making inroads in the Democratic stronghold.

Trump began a three-day West Coast charm offensive on Thursday at the sold-out event hosted by Silicon Valley investor David Sacks at his $20mn mansion on “billionaire’s row” in the city’s ritzy Pacific Heights district.

Ryan Selkis, the chief executive of cryptocurrency intelligence firm Messari, who attended the event, told the Financial Times said Trump spoke on artificial intelligence, energy and crypto and had his audience “eating out of his hands”.

“It felt like a particularly wild moment in Silicon Valley politics,” he said, adding: “The blue wall has been breached.”

The event, coming just days after Trump was found guilty on 34 counts of felony in New York last week, cost between $50,000 and $300,000 a head, according to Harmeet Dhillon, a Republican party official and lawyer whose firm represents the former president.

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The fervour revealed the extent to which some luminaries of Silicon Valley, long considered a particularly liberal part of a blue state, are warming to Trump as they fret over issues such as free speech, technology regulation and taxes. The crypto sector in particular has felt aggrieved by what it sees as a hostile regulatory regime under the Joe Biden administration.

Dhillon posted on X that crypto leaders from exchange Coinbase as well as the Winklevoss twins were present at the event.

She said the ex-president was “relaxed, happy, and cracking jokes” about AI at the reception, after being introduced by Republican senator JD Vance as well as Sacks.

Jacob Helberg, a senior Palantir executive who recently announced a $1mn donation to the Trump campaign after donating to Biden in the 2020 election, was among those seen arriving at the hilltop mansion for the event. A Trump campaign spokesperson said there were more than 100 attendees.

Helberg said: “This event was proof that president Trump’s campaign is creating a generational realignment among technology founders . . . and makes him more competitive in even the most traditionally blue communities.”

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He added the former president will “save AI and crypto from the Biden administration’s penchant for strangulation”.

When Trump last visited San Francisco in 2019, he was confronted by crowds of protesters. By contrast, ahead of his arrival this week a group of loud pro-Trump supporters gathered around Sack’s usually quiet residential street, chanting “USA, USA, USA” and “We want Trump”, waving American flags and facing off against several counter-protesters. 

“David Sacks hosting is significant,” said Michelle Sine, a self-employed real estate agent and resident of nearby Marin who attended the rally. “The intellectual elite and that group [who supported Trump were] almost going into witness protection four years ago. Now everyone is being more public about it.”

Sacks formally endorsed the former president on X just ahead of the event, citing his “economic policy, foreign policy, border policy, and legal fairness”, while arguing President Biden had “colluded with tech platforms to censor the internet”.

Billionaire Tesla chief executive Elon Musk responded the post was “thoughtful”.

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While the entrepreneur has been vocal in his opposition to Biden, it is unclear whether he will formally endorse or donate to Trump.

Musk last week denied a report that he had been in talks with Trump over an advisory role in his administration, should the former president win in November.

The event came a week after Trump was found guilty of conspiring to buy the silence of a porn actor ahead of the 2016 election and covering his tracks in business records. The unanimous verdict enraged his longtime supporters but also prompted new endorsement and funding, including from Silicon Valley.

Within hours of the decision, Shaun Maguire, a partner at Sequoia, posted he had donated $300,000 to Trump, adding the timing “isn’t a coincidence”.

Billionaire investor and Sequoia partner Doug Leone this week took the rare step of making a public statement via X, writing he too was supporting Trump, despite renouncing his backing for the ex-president in 2021 in the wake of the Capitol riots.

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“I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy mis-steps, among other issues,” he wrote.

Shawn Steel, a Republican National Committee member from California, said PayPal and Palantir co-founder Peter Thiel, previously a Republican megadonor, had played a part in pro-Trump momentum by helping to build networks of young tech-savvy party members, describing him as “one of our great teachers”. “The libertarian instinct has finally emerged in the valley,” he added.

Thiel is refraining from publicly endorsing or donating to any candidate, however, said a person familiar with his thinking.

Despite the shift to the former president there remains a group of central Silicon Valley donors who support Biden and are leading a fierce pushback against Trump, including venture capitalist Vinod Khosla and Reid Hoffman, co-founder of LinkedIn.

Hoffman warned in The Economist this week that “American business should not empower a criminal”.

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Trump is continuing his West Coast tour with a Los Angeles event on Friday followed by a fundraiser in Newport Beach hosted by Palmer Luckey, founder of defence group Anduril and Oculus VR.

With a US flag blowing against his face, one supporter at the rally outside Thursday’s event said: “As you can see the wind has shifted directions in San Francisco and there is a growing red wave for Trump.”

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After 2 failed votes, Mike Johnson unveils new plan to extend key U.S. spy powers

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After 2 failed votes, Mike Johnson unveils new plan to extend key U.S. spy powers

Speaker of the House Mike Johnson, R-La., takes questions at a news conference at the Capitol on Tuesday.

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Speaker Mike Johnson, R.-La., is forging ahead with his latest proposal to renew a key American spy power. His bill, revealed Thursday, is largely unchanged from a previous plan which failed in a series of overnight votes earlier this month.

The program at center of the debate, Section 702 of the Foreign Intelligence Surveillance Act (FISA), is set to expire on April 30.

FISA 702 allows U.S. intelligence agencies to intercept the electronic communications of foreign nationals located outside of the United States. Some of the nearly 350,000 foreign targets whose communications are collected under the provision are in touch with Americans, whose calls, texts and emails could end up in the trove of information available to the federal government for review.

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For almost two decades, privacy-minded lawmakers from both parties have sought to require specific court approval before federal law enforcement can conduct a targeted review of an American’s information gathered through the program. The lack of any such warrant requirement helped sink an effort last week to extend the program for 18 months, as well as a separate vote on a five-year renewal. 

Trump officials, like those in past administrations, have argued that such a warrant requirement would overburden law enforcement and endanger national security. Johnson’s latest proposal would reauthorize the program for three years, but does not include a warrant requirement. Instead, the bill calls for the FBI to submit monthly explanations for reviews of Americans’ information to an oversight official as well as criminal penalties for willful abuse, among other tweaks.

“I am willing to risk the giving up of my Rights and Privileges as a Citizen for our Great Military and Country,” the president wrote on Truth Social last week, advocating for the program to be extended without changes. “I have spoken with many in our Military who say FISA is necessary in order to protect our Troops overseas, as well as our people here at home, from the threat of Foreign Terror Attacks. It has already prevented MANY such Attacks, and it is very important that it remain in full force and effect.”

Glenn Gerstell, who served as general counsel at the National Security Agency during the Obama and first Trump administration, says Johnson’s reforms look like an attempt to find a middle ground.

“There’s not a lot of really substantive changes to the statute, but some gestures are made to people who are worried about privacy and civil liberties,” Gerstell said. “It seems like a pretty reasonable compromise that is going to be satisfactory to the national security agencies and yet at the same time represents some gesture to the privacy advocates.”

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“This is not a reform bill and it’s not a compromise,” Elizabeth Goitein, a privacy advocate and senior director of the Liberty and National Security Program at the Brennan Center for Justice at New York University, wrote on X. “It’s a straight reauthorization with eight pages of words that serve no serious purpose other than to try to convince members that it’s NOT a straight reauthorization.”

A bipartisan reform deal is still out of reach

Connecticut Rep. Jim Himes, the top Democrat on the House Intelligence committee, told NPR on Wednesday, before the release of Johnson’s new proposal, that lawmakers were working on a bipartisan solution. He said House Minority Leader Hakeem Jeffries, D-N.Y., was in touch with Johnson on the issue.

“There’s a lot of work being done here,” Himes said. “We’re sort of working out a process that will be inclusive rather than exclusive.” Himes said he was negotiating with Rep. Jamie Raskin, a Maryland Democrat and constitutional law scholar, on a reform proposal they hoped could preserve and reform the program — reauthorizing it with bipartisan support.

But Johnson’s new bill appears to fall short of the inclusive approach Himes hoped for.

NPR obtained a memo written by Raskin to his colleagues urging them to oppose the bill, which he said “continues the disastrous policy of trusting the FBI to self-police and self-report its abuses of Section 702 and backdoor searches of Americans’ data.”

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“FBI agents can still collect, search, and review Americans’ communications without any review from a judge,” Raskin wrote.

FBI agents must receive annual training on FISA and are generally barred from searching for information about people in the U.S. if the goal of the search is to investigate general criminal activity, rather than find foreign intelligence information, and those searches need approval from a supervisor or an attorney. 

Republican hardliners — who sunk Johnson’s last reauthorization attempt — also don’t all appear to be on board for Johnson’s latest revision. Rep. Scott Perry of Pennsylvania, a past chair of the Freedom Caucus, said “we’re not there yet” in a video he shared to X on Thursday.

“I didn’t take an oath to defend FISA, I didn’t take an oath to defend the intelligence community,” Perry said. “We can’t have them spying on American citizens and, when they do, there has to be accountability and I haven’t seen any that I’m satisfied with yet.”

The House Rules committee meets Monday morning, the first step toward advancing the renewal bill toward a vote.

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Trump Says Israel and Lebanon Agree to Extend Cease-Fire by Three Weeks

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Trump Says Israel and Lebanon Agree to Extend Cease-Fire by Three Weeks

President Trump announced a three-week extension of a cease-fire between Israel and Lebanon that had been set to expire in a few days, after hosting a meeting between Israeli and Lebanese diplomats at the White House on Thursday.

Hezbollah, the Iranian-backed militant group that has been attacking Israel from southern Lebanon, did not have representatives at the meeting and did not immediately comment on the announcement. The prime minister of Israel and the president of Lebanon also did not comment.

A successful peace agreement would hinge upon Hezbollah halting attacks, which Lebanon’s government has little power to enforce because it does not control the militia. Lebanon’s military has mostly stayed out of the fighting and is not at war with Israel.

The cease-fire, which was scheduled to end on April 26, would last until May 17 if it takes effect as Mr. Trump described it. Before the cease-fire was brokered last week, nearly 2,300 people were killed in Lebanon and 13 in Israel. Since then, the number of Israeli airstrikes and Hezbollah attacks have been dramatically reduced, though the two sides have continued exchanging fire.

The Lebanese Ambassador to the United States, Nada Hamadeh, credited Mr. Trump for extending the cease-fire, saying that “with your help and support, we can make Lebanon great again.” Mr. Trump replied, “I like that phrase, it’s a good phrase.”

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Asked about the potential of a lasting peace agreement between Israel and Lebanon, Mr. Trump said that “I think there’s a great chance. They are friends about the same things and they are enemies on the same things.”

But Lebanon and Israel have periodically been at war since Israel’s founding in 1948. Israel has invaded Lebanon for the fifth time since 1978, incursions that have destabilized the country and the delicate balance of power between Muslim, Christian and Druze communities.

In the hours before the president’s announcement on social media, Israel and Hezbollah were trading attacks in southern Lebanon, testing the existing cease-fire.

Mr. Trump said the meeting at the White House had been attended by high-ranking U.S. officials, including Vice President JD Vance, Secretary of State Marco Rubio and the U.S. ambassadors to Israel and Lebanon.

Earlier on Thursday, an Israeli strike near the southern Lebanese city of Nabatieh killed three people, according to Lebanon’s health ministry. Hezbollah claimed three separate attacks on Israeli troops who are occupying southern Lebanon, though none were wounded or killed.

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Hezbollah set off the latest round of fighting last month by attacking Israel soon after the start of the U.S.-Israeli bombing campaign in Iran. Israel responded to Hezbollah’s attacks by launching airstrikes across Lebanon and widening a ground invasion of the country’s south.

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U.S. soldier charged with suspected Polymarket insider trading over Maduro raid

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U.S. soldier charged with suspected Polymarket insider trading over Maduro raid

Smoke rises from Port of La Guaira in Venezuela on Jan. 3, 2026 after U.S. forces seized the country’s president, Nicolas Maduro and his wife.

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Federal prosecutors on Thursday unsealed an indictment against a U.S. Army soldier, accusing him of using his insider knowledge of the clandestine military operation to capture Venezuelan leader Nicolás Maduro in January to reap more than $400,000 in profits on the popular prediction market site Polymarket.

The Justice Department says Gannon Ken Van Dyke, 38, who was stationed at Fort Bragg, in North Carolina, was part of the team that planned and carried out the predawn raid in Caracas earlier this year that resulted in the apprehension of Maduro.

The Department of Justice and the Commodity Futures Trading Commission filed the actions against Van Dyke, the first time U.S. officials have leveled criminal charges against someone over prediction market wagers.

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According to the indictment, Van Dyke now faces counts of wire fraud, commodities fraud, misusing non-public government information and other charges.

Trading under numerous usernames including “Burdensome-Mix,” Van Dyke allegedly traded about $32,000 on the arrest of Maduro, resulting in profits exceeding $400,000.

“Prediction markets are not a haven for using misappropriated confidential or classified information for personal gain,” said U.S. Attorney Jay Clayton for the Southern District of New York. “Those entrusted to safeguard our nation’s secrets have a duty to protect them and our armed service members, and not to use that information for personal financial gain.”

Van Dyke’s defense lawyer is not yet publicly known. Polymarket did not return a request for comment.

The charges against Van Dyke come at a sensitive time for the prediction market industry, which has been growing exponentially, despite calls in Washington and among state leaders for the sites to be reined in.

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Van Dyke is the first to be charged in the U.S. for suspected Polymarket insider trading, but Israeli authorities in February arrested several people and charged two on suspicion of using classified information to place bets about military operations in Iran on Polymarket.

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