Politics
Trump Begins Selling New Meme Coin Days Ahead of Inauguration
President-elect Donald J. Trump and his family on Friday started selling a cryptocurrency token featuring an image of Mr. Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.
Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Mr. Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.
Mr. Trump himself announced the launch of his new business on Friday night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan, “Join the Trump Community. This is History in the Making!”
The venture was organized by CIC Digital LLC, an affiliate of the Trump Organization, which already has been selling an array of other kinds of merchandise like Trump-branded sneakers, fragrances and even digital trading cards.
But this newest venture brings Mr. Trump and his family directly into the world of selling cryptocurrency, which is regulated by the Securities and Exchange Commission. Mr. Trump recently disclosed he intended to name a cryptocurrency advocate as S.E.C. chairman.
A disclosure on the website selling the tokens says that CIC Digital and its affiliates own 80 percent of the supply of the new Trump tokens that will be released gradually over the coming three years and that they will be paid “trading revenue” as the tokens are sold.
The move by Mr. Trump and his family was immediately condemned by ethics lawyers who said they could not recall a more explicit profiteering effort by an incoming president.
“It is literally cashing in on the presidency — creating a financial instrument so people can transfer money to the president’s family in connection with his office” said Adav Noti, executive director of Campaign Legal Center, a nonprofit ethics group. “It is beyond unprecedented.”
Eric Trump, who helps run Trump Organization business operations, said on Saturday that this offering was part of a new and growing business sector that the Trump family has entered.
“I am extremely proud of what we continue to accomplish in crypto,” Eric Trump said in a statement to The New York Times. “$Trump is currently the hottest digital meme on earth.” He added: “This is just the beginning.”
But even some in the cryptocurrency industry were quick to criticize the new token.
“Trump owning 80 percent and timing launch hours before inauguration is predatory and many will likely get hurt by it,” wrote Nick Tomaino, a crypto venture capitalist and former executive at Coinbase, one of the largest crypto trading platforms, in a social media posting on Saturday.
The president-elect and his three sons had, as of late last year, already lent their name to another cryptocurrency startup called World Liberty Financial, an arrangement that included a cut of token sales for the Trump family in exchange for helping promote the new brand.
But the members of the Trump family, with World Liberty Financial, were not actually owners of the platform or officers in the company.
There are other crypto currency coins in the marketplace based on Mr. Trump that are not directly affiliated with his family like the new Trump Meme. Typically, these so-called meme coins — which were born when coins were created as a joke inspired by an internet meme or cartoonish animal faces — are largely worthless and traded more like a hobby.
With this new venture, companies associated with Mr. Trump’s family have a direct financial stake in the value of the new tokens and in the volume of their sales, which quickly surged after going on the market.
“GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency,” the venture’s website says, adding, “Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP.’”
The legal disclosures say the tokens are not intended to be seen as “an investment opportunity, investment contract or security of any type.” But trading of them on cryptocurrency markets began immediately, driving up the value of each token from $7 to nearly $30 as of noon on Saturday.
This suggested that the so-called fully diluted value of all the tokens as of Saturday at noon was $30 billion, a number achieved less than a day after the token went on the market, according to CoinMarketCap, a site that tracks cryptocurrency trading.
Mr. Trump and his family are clear in the marketing of the new token that the image picked for the coin had been inspired by the July assassination attempt in Butler, Pa.
“President Trump faced death and came up fighting!” the website promoting the tokens says.
Cryptocurrency markets tend to be highly volatile, in part because tokens are not backed by any tangible assets. The website for Mr. Trump’s new venture includes an extensive collection of disclaimers limiting the ability of anyone buying the token to file a class-action lawsuit related to it and warning buyers that “Trump Memes may be extremely volatile, and price fluctuations in cryptocurrencies could impact the price.”
Mr. Trump has already made clear that he will be working to promote the cryptocurrency industry.
He has announced his intention to appoint regulators who will lift restrictions on the sale of new tokens and ties between cryptocurrency companies and other more traditional financial enterprises.
This stands in contrast to efforts by Biden-era regulators to tightly regulate the industry, out of a concern that a sudden crash in the value of cryptocurrency could potentially lead to a future financial crash.
Politics
Video: Trump Announces Construction of New Warships
new video loaded: Trump Announces Construction of New Warships
transcript
transcript
Trump Announces Construction of New Warships
President Trump announced on Monday the construction of new warships for the U.S. Navy he called a “golden fleet.” Navy officials said the vessels would notionally have the ability to launch hypersonic and nuclear-armed cruise missiles.
-
We’re calling it the golden fleet, that we’re building for the United States Navy. As you know, we’re desperately in need of ships. Our ships are, some of them have gotten old and tired and obsolete, and we’re going to go the exact opposite direction. They’ll help maintain American military supremacy, revive the American shipbuilding industry, and inspire fear in America’s enemies all over the world. We want respect.
By Nailah Morgan
December 23, 2025
Politics
404 | Fox News
This material may not be published, broadcast, rewritten, or redistributed. ©2021 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.
Politics
Commentary: ‘It’s a Wonderful ICE?’ Trumpworld tries to hijack a holiday classic
For decades, American families have gathered to watch “It’s a Wonderful Life” on Christmas Eve.
The 1946 Frank Capra movie, about a man who on one of the worst days of his life discovers how he has positively impacted his hometown of Bedford Falls, is beloved for extolling selflessness, community and the little guy taking on rapacious capitalists. Take those values, add in powerful acting and the promise of light in the darkest of hours, and it’s the only movie that makes me cry.
No less a figure of goodwill than Pope Leo XIV revealed last month that it’s one of his favorite movies. But as with anything holy in this nation, President Trump and his followers are trying to hijack the holiday classic.
Last weekend, the Department of Homeland Security posted two videos celebrating its mass deportation campaign. One, titled “It’s a Wonderful Flight,” re-creates the scene where George Bailey (Jimmy Stewart in one of his best performances) contemplates taking his own life by jumping off a snowy bridge. But the protagonist is a Latino man crying over the film’s despairing score that he’ll “do anything” to return to his wife and kids and “live again.”
Cut to the same man now mugging for the camera on a plane ride out of the United States. The scene ends with a plug for an app that allows undocumented immigrants to take up Homeland Security’s offer of a free self-deportation flight and a $1,000 bonus — $3,000 if they take the one-way trip during the holidays.
The other DHS clip is a montage of Yuletide cheer — Santa, elves, stockings, dancing — over a sped-up electro-trash remake of Mariah Carey’s “All I Want for Christmas is You.” In one split-second image, Bedford Falls residents sing “Auld Lang Syne,” just after they’ve saved George Bailey from financial ruin and an arrest warrant.
“This Christmas,” the caption reads, “our hearts grow as our illegal population shrinks.”
“It’s a Wonderful Life” has long served as a political Rorschach test. Conservatives once thought Capra’s masterpiece was so anti-American for its vilification of big-time bankers that they accused him of sneaking in pro-Communist propaganda. In fact, the director was a Republican who paused his career during World War II to make short documentaries for the Department of War. Progressives tend to loathe the film’s patriotism, its sappiness, its relegation of Black people to the background and its depiction of urban life as downright demonic.
Then came Trump’s rise to power. His similarity to the film’s villain, Mr. Potter — a wealthy, nasty slumlord who names everything he takes control of after himself — was easier to point out than spots on a cheetah. Left-leaning essayists quickly made the facile comparison, and a 2018 “Saturday Night Live” parody imagining a country without Trump as president so infuriated him that he threatened to sue.
But in recent years, Trumpworld has claimed that the film is actually a parable about their dear leader.
Trump is a modern day George Bailey, the argument goes, a secular saint walking away from sure riches to try to save the “rabble” that Mr. Potter — who in their minds somehow represents the liberal elite — sneers at. A speaker at the 2020 Republican National Convention explicitly made the comparison, and the recent Homeland Security videos warping “It’s a Wonderful Life” imply it too — except now, it’s unchecked immigration that threatens Bedford Falls.
The Trump administration’s take on “It’s a Wonderful Life” is that it reflects a simpler, better, whiter time. But that’s a conscious misinterpretation of this most American of movies, whose foundation is strengthened by immigrant dreams.
Director Frank Capra
(Handout)
In his 1971 autobiography “The Name Above the Title,” Capra revealed that his “dirty, hollowed-out immigrant family” left Sicily for Los Angeles in the 1900s to reunite with an older brother who “jumped the ship” to enter the U.S. years before. Young Frank grew up in the “sleazy Sicilian ghetto” of Lincoln Heights, finding kinship at Manual Arts High with the “riff-raff” of immigrant and working-class white kids “other schools discarded” and earning U.S. citizenship only after serving in the first World War. Hard times wouldn’t stop Capra and his peers from achieving success.
The director captured that sentiment in “It’s a Wonderful Life” through the character of Giuseppe Martini, an Italian immigrant who runs a bar. His heavily accented English is heard early in the film as one of many Bedford Falls residents praying for Bailey. In a flashback, Martini is seen leaving his shabby Potter-owned apartment with a goat and a troop of kids for a suburban tract home that Bailey developed and sold to him.
Today, Trumpworld would cast the Martinis as swarthy invaders destroying the American way of life. In “It’s a Wonderful Life,” they’re America itself.
When an angry husband punches Bailey at Martini’s bar for insulting his wife, the immigrant kicks out the man for assaulting his “best friend.” And when Bedford Falls gathers at the end of the film to raise funds and save Bailey, it’s Martini who arrives with the night’s profits from his business, as well as wine for everyone to celebrate.
Immigrants are so key to the good life in this country, the film argues, that in the alternate reality if George Bailey had never lived, Martini is nowhere to be heard.
Capra long stated that “It’s a Wonderful Life” was his favorite of his own movies, adding in his memoir that it was a love letter “for the Magdalenes stoned by hypocrites and the afflicted Lazaruses with only dogs to lick their sores.”
I’ve tried to catch at least the ending every Christmas Eve to warm my spirits, no matter how bad things may be. But after Homeland Security’s hijacking of Capra’s message, I made time to watch the entire film, which I’ve seen at least 10 times, before its customary airing on NBC.
I shook my head, feeling the deja vu, as Bailey’s father sighed, “In this town, there’s no place for any man unless they crawl to Potter.”
I cheered as Bailey told Potter years later, “You think the whole world revolves around you and your money. Well, it doesn’t.” I wondered why more people haven’t said that to Trump.
When Potter ridiculed Bailey as someone “trapped into frittering his life away playing nursemaid to a lot of garlic eaters,” I was reminded of the right-wingers who portray those of us who stand up to Trump’s cruelty as stupid and even treasonous.
And as the famous conclusion came, all I thought about was immigrants.
People giving Bailey whatever money they could spare reminded me of how regular folks have done a far better job standing up to Trump’s deportation Leviathan than the rich and mighty have.
As the film ends, with Bailey and his family looking on in awe at how many people came to help out, I remembered my own immigrant elders, who also forsook dreams and careers so their children could achieve their own — the only reward to a lifetime of silent sacrifice.
The tears flowed as always, this time prompted by a new takeaway that was always there — “Solo el pueblo salva el pueblo,” or “Only we can save ourselves,” a phrase adopted by pro-immigrant activists in Southern California this year as a mantra of comfort and resistance.
It’s the heart of “It’s a Wonderful Life” and the opposite of Trump’s push to make us all dependent on his mercy. He and his fellow Potters can’t do anything to change that truth.
-
Iowa1 week agoAddy Brown motivated to step up in Audi Crooks’ absence vs. UNI
-
Maine1 week agoElementary-aged student killed in school bus crash in southern Maine
-
Maryland1 week agoFrigid temperatures to start the week in Maryland
-
New Mexico7 days agoFamily clarifies why they believe missing New Mexico man is dead
-
South Dakota1 week agoNature: Snow in South Dakota
-
Detroit, MI1 week ago‘Love being a pedo’: Metro Detroit doctor, attorney, therapist accused in web of child porn chats
-
Health1 week ago‘Aggressive’ new flu variant sweeps globe as doctors warn of severe symptoms
-
Maine7 days agoFamily in Maine host food pantry for deer | Hand Off