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.
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Politics
DHS shutdown breakthrough comes at cost for Republicans as funding fights nears end
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Congress is one step closer to ending the Homeland Security shutdown after the Senate advanced a new, last-minute deal, but it came at the price of Republicans ceding ground, temporarily, to Senate Minority Leader Chuck Schumer, D-N.Y.
The Senate unanimously advanced a deal to reopen most of the Department of Homeland Security (DHS) in the wee hours of Friday morning, 42 days into the shutdown that was spurred by the Trump administration’s immigration operations in Minnesota.
It was an agreement that largely gave Schumer and Senate Democrats what they wanted — no funding for Immigration and Customs Enforcement (ICE) and parts of Customs and Border Protection (CBP). But it lacked the stringent reforms they desired, like requiring judicial warrants or requiring agents to unmask.
SCHUMER, DEMS BLOCK DHS FUNDING AGAIN, TRUMP INTERVENES TO PAY TSA AGENTS
Senate Majority Leader John Thune, R-S.D., said that Republicans had made what was likely their “final” offer to Democrats to reopen DHS. (Stefani Reynolds/Bloomberg via Getty Images)
While the deal mirrors previous attempts by Democrats to pass similar legislation that carved out immigration funding, Thune argued that Democrats are still walking away empty-handed in the policy fight over immigration enforcement.
“We’ve been trying for weeks to fund the whole thing,” Thune said. “And, I mean, in the end, this is what they were willing to agree to. But again, it’s different that it has zero reforms in it. I mean, they got no reforms on DHS, which they could have had if they had been willing to work with us a little bit on that.”
Schumer said that if Republicans hadn’t blocked their initial attempts, “this could have been done three weeks ago.”
“This is exactly what we wanted,” Schumer said. “This is what we asked for, and I’m very proud of my caucus. My caucus held the line.”
The DHS funding deal now heads to the House, where Republicans aren’t enthusiastic about not funding key components of President Donald Trump’s immigration crackdown agenda.
The latest plan came after Senate Democrats blocked a seventh attempt to reopen DHS, after back-and-forth talks throughout the day on Thursday appeared to yield little progress toward a resolution. Trump also announced his intent to sign an order that would pay Transportation Security Administration (TSA) agents as major airports are rocked with staggering lines and eye-popping wait times amid the shutdown.
DEMS BLOCK DHS FUNDING AFTER GOP REJECTS THEIR COUNTER, THUNE SAYS SCHUMER ‘GOING IN CIRCLES’
Senate Minority Leader Chuck Schumer, D-N.Y., and Democrats rejected Republicans latest deal to reopen DHS, and have promised a counteroffer with reforms in return. (Alex Wong/Getty Images)
While a further concession to Democrats, in part, the underlying argument Republicans have made all along is that if Schumer and his caucus wanted reforms, they would have to agree to fund immigration enforcement.
And ICE and CBP are still flush with roughly $75 billion in cash from Trump’s “big, beautiful bill,” giving the agencies a buffer for a time.
“The good news is we anticipated this a year ago. I mean, one of the reasons we front loaded, pre-loaded up the ‘one big, beautiful bill’ with advanced funding for Homeland Security was because we anticipated this was likely going to happen, and it did,” Thune said. “I still think it’s unfortunate. The Dems wanted reforms. We tried to work with them on reforms. They ended up getting no reforms.”
The same process used to pass that colossal legislative package will likely be turned to again fund immigration enforcement.
DHS DEAL IN LIMBO AS DEMOCRATS DEMAND TOUGHER ICE CRACKDOWN DESPITE GOP COMPROMISE
A U.S. Immigration and Customs Enforcement officer’s badge and gear. (Michael Siluk/UCG/Universal Images Group via Getty Images)
Sen. Eric Schmitt, R-Mo., envisions funding ICE and CBP for several years.
“Democrats are trying to shut down ICE funding for the remainder of the fiscal year — ultimately they won’t be successful,” Schmitt said on X. “In response, I’ll be pushing to lock in funding for deportation operations and salaries for a decade.”
Doing so could be difficult, still, given that Republicans want to dump several other priorities into the mix, including portions of the Safeguarding American Voter Eligibility (SAVE) America Act and funding for the Iran war.
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And some Republicans are already couching expectations on what can and can’t be accomplished in the party-line process, given that anything in the bill has to pass muster with strict rules in the Senate.
“I think we have to set our sights a little bit lower on this reconciliation bill,” Sen. Roger Marshall, R-Kan., told Fox News Digital. “It’s got to be targeted to fund ICE for 10 years, I think that’s the number one thing to us.”
Politics
Bill Maher on getting the Mark Twain Prize for humor: ‘Like an Emmy, except I win’
It’s like that time Pinocchio became a real boy: News that was labeled “fake” last week is real today, per the Kennedy Center, and Bill Maher will indeed be the 27th person to receive the Mark Twain Prize for American Humor.
The White House strongly dissed the Atlantic’s reporting (followed by unreporting) last week that Maher was the next in line for the 2026 prize that Conan O’Brien got last year and Kevin Hart picked up the year before that. The Twain honor has been bestowed on comics almost annually since 1998 by the Kennedy Center, a “tired, broken, and dilapidated” building that President Trump slapped his own name on in December and plans to close for two years’ worth of renovations starting July 4 — hence the response from White House flacks.
“Literally FAKE NEWS,” said Steven Cheung, White House director of communications, on his official X account reacting Friday to the Atlantic story. Karoline Leavitt, White House press secretary, said in a statement to the publication, “This is fake news. Bill Maher will NOT be getting this award.”
But People reported Thursday that although the Atlantic’s news was deemed “fake” at the time, according to word from a White House official, the situation had “evolved” in the six days since then.
You say tomato, I say to-mah-to? At any rate, Bill’s getting the Twain, given previously to comedic luminaries including Richard Pryor, Whoopi Goldberg, George Carlin, Lily Tomlin, Steve Martin, Lorne Michaels, Tina Fey and Dave Chappelle.
Maher had no response on social media, perhaps reserving his reaction for the upcoming “Real Time With Bill Maher” episode due out Friday on HBO or his next “Club Random” podcast. But he did issue a dryly amusing statement Thursday in a Kennedy Center news release, saying, “Thank you to the Mark Twain people: I just had the award explained to me, and apparently it’s like an Emmy, except I win.”
(Maher’s show has been nominated for Emmy Awards 22 times, from 2004 through 2024, including 13 nods for variety series and the rest for writing, directing and personal performance. It has won exactly zero of those times. Even Susan Lucci only had to wait through 18 Daytime Emmy nominations before she finally won on the 19th — and proceeded to lose out on two more.)
The comic’s statement continued: “I’d just like to say that it is indeed humbling to get anything named for a man who’s been thrown out of as many school libraries as Mark Twain.”
“For nearly three decades, the Mark Twain Prize has celebrated some of the greatest minds in comedy,” Roma Daravi, vice president of public relations for the Kennedy Center, said in a statement of her own. “For even longer, Bill has been influencing American discourse — one politically incorrect joke at a time.”
Maher, a self-described liberal who has no love for the Republican Party, found himself in strange-new-respect territory among conservatives in recent years after he started slamming far-left ideology as ruthlessly as he slammed the far right. Then last spring he accepted an invitation for dinner with Trump at the White House, and many heads exploded.
“OK, as you know, 12 days ago, I had dinner with President Trump, a dinner that was set up by my friend Kid Rock because we share a belief that there’s got to be something better than hurling insults from 3,000 miles away,” said Maher, who lives on the West Coast, on the April 11, 2025, episode of “Real Time.”
“And let me first say that to all the people who treated this like it was some kind of summit meeting, you’re ridiculous. Like I was going to sign a treaty or something. I have — I have no power. I’m a f— comedian, and he’s the most powerful leader in the world. I’m not the leader of anything except maybe a contingent of centrist-minded people who think there’s got to be a better way of running this country than hating each other every minute.”
Maher said he brought with him to the dinner a list of almost five dozen epithets the president had hurled his way over the years, intending to ask Trump to sign it for him. Which the president did. And after sharing some anecdotes from the visit, including some snappy retorts, Maher told his audience that Trump was “much more self-aware than he lets on in public.”
“I never felt I had to walk on eggshells around him. And honestly, I voted for Clinton and Obama, but I would never feel comfortable talking to them the way I was able to talk with Donald Trump. That’s just how it went down. Make of it what you will.”
The Mark Twain Prize will be given to Maher at a gala set for June 28, with Netflix streaming the event at a later date, yet to be determined.
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