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 Calls Somalis ‘Garbage’ in Xenophobic Rant
new video loaded: Trump Calls Somalis ‘Garbage’ in Xenophobic Rant
transcript
transcript
Trump Calls Somalis ‘Garbage’ in Xenophobic Rant
President Trump lashed out against Somali immigrants, including Representative Ilhan Omar, Democrat of Minnesota, who came to the United States from Somalia as a refugee and became a citizen 25 years ago.
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Somalia, which is barely a country. They have no, they have — anything. They just run around killing each other. There’s no structure. Somebody would say, “Oh, that’s not politically correct.” I don’t care. I don’t want them in our country. Their country is no good for a reason. Their country stinks and we don’t want them in our country. I can say that about other countries too. We’re going to go the wrong way if we keep taking in garbage into our country. Ilhan Omar is garbage. She’s garbage. These are people that do nothing but complain. They complain. And from where they came from, they got nothing. You know, they came from paradise. And they said, “This isn’t paradise.” But when they come from hell and they complain and do nothing but bitch, we don’t want them in our country. Let them go back to where they came from and fix it. Thank you very much, everybody.
By Jamie Leventhal
December 2, 2025
Politics
Trump rips Somali community as federal agents reportedly eye Minnesota enforcement sweep
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President Donald Trump called a bloc of Somali migrants to Minnesota “garbage” who rely too heavily on the U.S. welfare state, as ICE reportedly eyes ramped-up immigration enforcement in the Twin Cities.
Speaking at his ninth Cabinet meeting of 2025 on Tuesday, Trump said that Somalis have made a mess of Minneapolis-St. Paul, and characterized Rep. Ilhan Omar, D-Minn., as their political figurehead.
His comments come as a New York Times report claimed ICE is prepared to launch an “intensive immigration enforcement operation” targeting the Twin Cities. The paper claimed it would target the Somali population, but a top DHS official told Fox News Digital the agency never prosecutes based on race – only immigration status.
FALSE RUMORS OF MINNEAPOLIS ICE RAID SPARK PROTEST AS POLICE DECRY ‘IRRESPONSIBLE’ INFO FROM ELECTED OFFICIALS
President Donald Trump, left; Rep. Ilhan A. Omar, right. (Pete Marovich/Getty Images; Tom Williams/Getty Images)
At the White House, Trump lambasted Minnesota Gov. Tim Walz over a burgeoning scandal in St. Paul over what the Times said were “several fraud schemes proliferated in parts of Minnesota’s Somali community.”
According to the report, multiple individuals allegedly created companies that billed the state for millions in fraudulent payments.
“Walz is a grossly incompetent man; there’s something wrong with him,” Trump said of the Box Butte, Nebraska native who was also Kamala Harris’ 2024 running mate.
ICE CAPTURES ILLEGAL IMMIGRANT WANTED FOR ALLEGEDLY KILLING MOTHER IN DUI CRASH
Walz defended himself to The New York Times, saying the programs under scrutiny “are set up to move money to people.”
“The programs are set up to improve people’s lives, and in many cases, the criminals find the loopholes,” he said.
Trump, meanwhile, said Somalia “is barely a country, where they run around killing each other.”
ILHAN OMAR FIRES BACK AFTER TRUMP’S CONSTITUTION DIG: ‘UNLIKE YOU, I CAN READ’
“Ilhan Omar is garbage – her friends are garbage,” he said.
“When they come from hell, and they complain and do nothing but bitch — we don’t want them in our country. Let ’em go back to where they came from and fix it,” he said.
Trump also revisited allegations that Omar, who is from Mogadishu, allegedly “married her brother” to obtain U.S. citizenship.
ICE DETAINS UNIVERSITY OF MINNESOTA INTERNATIONAL GRADUATE STUDENT NEAR TWIN CITIES CAMPUS
After her 2016 Democratic State House primary upset that launched her political career, Omar told Minnesota Public Radio that she married Ahmed Hirsi – with whom she has three children – but is also separated from a second man who lives in England.
A conservative blog at the time claimed Omar was simultaneously married to Ahmed Nur Said Elmi, and claimed the man could also be her brother – but the congresswoman called such claims “absurd and offensive.”
In 2020, Omar married political consultant Tim Mynett, and wrote on Instagram that she had gone from “partners in politics to partners in life – so blessed. Alhamdulillah.”
Of claims ICE is going to target Somalis in the Twin Cities, Assistant DHS Secretary Tricia McLaughlin dismissed such claims:
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“Every day, ICE enforces the laws of the nation across the country. What makes someone a target of ICE is not their race or ethnicity, but the fact that they are in the country illegally.”
“We do not discuss future or potential operations,” she said.
In response to Trump, Omar said the president’s “obsession with me is creepy.”
“I hope he gets the help he desperately needs,” she said on X.
Politics
Trump’s pardon of a convicted trafficker undermines his drug war narrative
MEXICO CITY — Juan Orlando Hernández, a convicted drug trafficker whom prosecutors said “paved a cocaine superhighway” to the United States, walked out of a West Virginia prison this week a free man.
That was thanks to President Trump, who on Monday granted a full pardon to Hernández, the former right-wing leader of Honduras who was serving a 45-year sentence for supporting what a U.S. attorney general had called “one of the largest and most violent drug trafficking conspiracies in the world.”
Trump’s extraordinary reprieve outraged many in Latin America and raised critical questions about his escalating military campaign in the region, which the president insists is aimed at combating the drug trade.
On Tuesday, Trump warned of imminent “strikes on land” in Venezuela, whose leftist leader, Nicolás Maduro, the White House describes as a “narcodictator” and seems intent on forcing him from power.
“If Trump is supposedly a drug warrior, why did he pardon a convicted trafficker?” said Dana Frank, a professor emerita at the UC Santa Cruz specializing in recent Honduran and Latin American history. She described the drug war narrative embraced by the White House as little more than a pretext to push U.S. economic and political interests in the region and justify “a hemispheric attack on governments that are not following what the United States wants.”
The U.S. has killed dozens of alleged low-level drug traffickers in missile attacks on boats in the Caribbean and Pacific, and has massed 15,000 troops and a fleet of warships and fighter jets off the coast of Venezuela.
Venezuela, home to the world’s largest known oil reserves, has been controlled by Maduro’s leftist authoritarian government since 2013.
The White House has gone to great lengths this year to cast Maduro as a drug trafficking mastermind who leads a smuggling network known as Cartel de los Soles that is composed of high-ranking Venezuelan military officials. Last month the administration designated Cartel de los Soles as a foreign terrorist group.
But security experts in Venezuela and law enforcement officials in the U.S. say Cartel de los Soles is not a well-organized drug smuggling organization like the cartels of Mexico. They say it also is unclear whether Maduro directs illicit activities or whether he simply looks the other way, perhaps in a bid to build loyalty, while his generals enrich themselves. Maduro says the accusations are false and that the U.S. is trying to remove him from office to gain access to Venezuelan oil.
The evidence against Hernández, on the other hand, was much more damming.
Hernández was implicated in multiple drug trafficking cases brought by U.S. authorities, who accused him of helping traffic 400 tons of drugs through Honduras and of accepting millions of dollars in bribes from Mexican cartel kingpin Joaquín “El Chapo” Guzmán. Hernández, prosecutors said, used his army to protect traffickers and once boasted that he was going to “shove the drugs right up the noses of the gringos” by flooding the U.S. with cocaine.
Hernández insisted that the case against him was politically motivated and that his 2024 conviction relied on testimony of witnesses — largely convicted drug traffickers — who were not credible. The Trump administration cited those reasons this week when explaining the president’s pardon.
Hernández’s wife, Ana Gracía de Hernández, cast the pardon as an act of justice, writing on social media, “After nearly four years of pain, waiting, and difficult trials, my husband Juan Orlando Hernández RETURNED to being a free man, thanks to the presidential pardon granted by President Donald Trump.”
The pardon appears related to a Trump administration effort to sway the results of the recent Honduran presidential election.
Ahead of Sunday’s vote, Trump threatened on social media to withhold aid from Honduras if voters did not elect the conservative candidate Nasry “Tito” Asfura, who is a member of the same conservative National Party that Hernández belongs to.Trump also slammed the current Honduran president, leftist Xiamora Castro.
Election results were still being counted Tuesday but showed Asfura neck-and-neck with another conservative, Liberal Party candidate Salvador Nasralla. Castro was trailing far behind.
Since returning to the White House this year, Trump has sought to exert dominance in Latin America like few presidents in recent memory, cutting deals with right-wing leaders such as Argentina’s Javier Millei and El Salvador’s Nayib Bukele and punishing leftist governments with tariffs and sanctions.
Trump and his officials have overtly sought to influence other elections, supporting right-wing candidates in recent elections in Argentina and Peru.
“It’s a bullying of the democratic process,” Frank said. “It’s a heartbreak for the sovereignty of these countries.”
At home, Trump has repeatedly intervened in the justice system with pardons.
Trump’s decision to pardon Hernández comes amid a flurry of clemency actions from the president, whose pardon attorney, Ed Martin, has openly advocated for Justice Department investigations that would burden Trump’s political enemies, paired with leniency for his friends and allies. “No MAGA left behind,” Martin wrote on social media in May.
Legal experts say the president’s pardons and commutations appear targeted toward individuals accused of abuses of power and white-collar crimes — the sort of crimes that Trump has been charged with throughout his adult life.
Just in the last several weeks, the president has offered commutations to George Santos, a former congressman convicted of defrauding donors, and David Gentile, a private equity executive convicted of a $1.6-billion scheme that prosecutors say defrauded thousands of ordinary investors.
He also pardoned Changpeng Zhao, a crypto finance executive with ties to the Trump family who pleaded guilty to money laundering, as well as Paul Walczak, a nursing home executive who pleaded guilty to tax crimes, only for his mother to secure clemency for him at a Mar-a-Lago dinner.
The clemency actions have divided Trump’s base of supporters, some of whom see the president as protecting conservative voices that faced political prosecutions under the Biden administration. Others still see Trump protecting rich allies as much of the country faces an affordability crisis.
Linthicum reported from Mexico City and Wilner from Washington.
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