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Trump Begins Selling New Meme Coin Days Ahead of Inauguration

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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.

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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.”

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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.

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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.

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“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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Video: Trump’s Counterterror Strategy Focuses on the Left

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Video: Trump’s Counterterror Strategy Focuses on the Left
President Trump’s new counterterrorism strategy focuses on “violent left-wing extremists,” as well as narcoterrorists and Islamic terror groups. Our White House correspondent Zolan Kanno-Youngs explains what it means.

By Zolan Kanno-Youngs, Gilad Thaler, Jon Miller, Stephanie Swart, Rafaela Balster, Whitney Shefte and Nikolay Nikolov

May 29, 2026

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Federal judge orders Trump’s name removed from Kennedy Center, says only Congress can rename it

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Federal judge orders Trump’s name removed from Kennedy Center, says only Congress can rename it

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A federal judge on Friday ordered that President Donald Trump’s name be removed from the Kennedy Center for the Performing Arts.

U.S. District Judge Christopher Cooper, an Obama appointee, said the iconic venue cannot be renamed without an act of Congress, ruling that the Kennedy Center Board of Trustees overstepped its “statutory bounds by unilaterally renaming” the building.

As part of his ruling, the Trump administration will be required to take down all physical signage bearing Trump’s name and eliminate any references to a “Trump-Kennedy Center” from official materials.

TRUMP KENNEDY CENTER’S BOARD VOTES UNANIMOUSLY TO APPROVE $257M RENOVATIONS AND TWO-YEAR CLOSURE

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A sign is displayed on the John F. Kennedy Center for the Performing Arts building. (Getty Images)

“The Kennedy Center’s organic statute makes crystal clear that the Center is to be named for President Kennedy, and it cannot bear any other formal name or public memorial based on the Board’s unilateral say-so,” Cooper wrote. “Congress gave the Kennedy Center its name, and only Congress can change it.”

Roma Daravi, the Trump Kennedy Center vice president of public relations, said the board plans to appeal the decision. 

“We will review the decision carefully though the reality remains — the Center requires an urgent and significant restoration – a truth that even the plaintiff acknowledges,” Daravi said. “With $257 million secured by President Trump and approved by Congress, the resources are in place and we remain committed to pursuing every lawful avenue to ensure the Trump Kennedy Center is restored as a national cultural landmark for all Americans to enjoy.” 

The ruling was part of a lawsuit filed by U.S. Rep. Joyce Beatty, D-Ohio. The White House did not immediately respond to a request for comment.

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BOARD VOTES KENNEDY CENTER TO BE RENAMED ‘TRUMP-KENNEDY CENTER,’ LEAVITT SAYS

President Donald Trump stands in the presidential box during a tour of the John F. Kennedy Center for the Performing Arts in Washington, D.C., on March 17, 2025. On Friday, a federal judge ruled that Trump’s name must be removed from he iconic venue. (Jim Watson/AFP/Getty Images)

Cooper previously denied a request for a preliminary injunction filed by a preservation group to block the planned two-year closure of the Kennedy Center for a rehabilitation project. 

Trump secured $257 million from Congress as part of the One Big Beautiful Bill Act to address disrepair and deferred maintenance of the Kennedy Center, which critics say has been neglected and mismanaged before Trump intervened. 

The funds appropriated by Congress are spent on maintenance, repairs, security, and capital projects related to the building and site. 

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Beatty, who serves as an ex officio member of the board, praised Friday’s ruling.

“Today’s ruling rightly affirms that this administration’s efforts to rename and close the Center have no basis in law,” Beatty said in a statement provided to Fox News Digital. “The Kennedy Center is an institution that belongs to the American people, not to Donald Trump. He has desecrated this sacred memorial for his own vanity. I am proud to have fought for the rule of law and to protect this sacred institution.”

Workers install Donald J. Trump signage above the existing Kennedy Center sign in Washington, D.C., on Dec. 19, 2025. (Jacquelyn Martin/AP)

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Trump’s name was added to the venue last December following a unanimous decision by the board. In February 2025, Trump was elected chairman of the Kennedy Center board after removing 18 trustees appointed by former President Joe Biden.

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Trump holds Situation Room meeting to decide on Iran deal

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Trump holds Situation Room meeting to decide on Iran deal

A framework agreement to end the U.S. war with Iran is all but settled, pending sign-off from the presidents of the two warring sides, President Trump said Friday, projecting optimism that a deal could finally be at hand.

Yet doubt cast a shadow over the diplomatic process entering the weekend as Trump faced a politically fraught decision to enter an agreement that would invariably require significant concessions to Tehran.

The negotiations have faced severe headwinds in recent days, with both sides accusing the other of violating a fragile ceasefire that has largely stopped the fighting since April.

On his Truth Social site, Trump said he had summoned his top aides to the White House Situation Room to decide on the deal.

The agreement would see an end to the U.S. naval blockade on Iranian ports and the removal of Iranian mines from the Strait of Hormuz, an international waterway through which 20% of the world’s energy supply passes each day. The strait, Trump wrote, will reopen with “no tolls” for “unrestricted shipping traffic, in both directions.”

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And “Iran must agree that they will never have a Nuclear Weapon or Bomb,” Trump wrote, noting that Iran’s stockpile of highly enriched uranium, the key ingredient for nuclear weapons, “will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED.”

“No money will be exchanged, until further notice,” he added.

Treasury Secretary Scott Bessent also said the deal would require Iran to disavow the continuation of its domestic nuclear program — a diplomatic feat never before achieved throughout a quarter-century of international negotiations over Iran’s nuclear work.

It is unclear whether Tehran would go that far. And Iran’s negotiators expressed defiance on Friday, stating that there was “no trust in guarantees or words” from the American side.

“No step will be taken before the other side acts first,” said Mohammad Bagher Ghalibaf, the speaker of Iran’s Parliament. “We do not gain concessions through dialogue, but through missiles.”

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It remains unclear when the Trump administration would ease sanctions on Iran, how extensive that relief would be, or what form it would take — questions that fueled Republican criticism of the Obama-era nuclear deal more than a decade ago.

The working diplomatic document would formally extend the existing ceasefire for 60 days, allowing for a more detailed negotiation to take place over Iran’s nuclear program. But the truce as it currently stands is on perilous ground. Iran launched a ballistic missile on Thursday at Kuwait, a close U.S. ally, after American forces took “defensive” actions against Iranian missile launchers and mine-laying boats it had launched in the strait.

The war has proved historically unpopular with the American public, and has seen oil prices soar since the U.S. military, in partnership with Israel, launched its first strikes against Iran in February.

Bessent said he is hopeful that oil prices would drop quickly once an agreement is signed. But industry analysts say the effects of the war on the oil market could last for months, if not years, with the stability of traffic through the Strait of Hormuz now in question for commercial shippers.

While oil has dropped to under $100 a barrel, markets appeared skittish on Friday over the prospects for a deal, with mixed messages appearing to emerge out of the region.

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It is also unclear whether a U.S. agreement with Iran would in any way bind Israel’s hands in its military operations, either in Iran or in Lebanon, where an Iranian proxy militia, Hezbollah, has vowed to keep up the fight.

Israel has ramped up strikes against Hezbollah targets in recent days, jeopardizing a delicate ceasefire negotiated with the Lebanese government, a deal encouraged by the Trump administration in order to grease the wheels for its talks with Tehran.

Trump has been uncharacteristically silent on the prospects of an agreement in recent days, expressing cautious optimism in limited exchanges with reporters.

“It’s hard to say exactly when or if the president’s going to sign,” Vice President JD Vance, who has led the U.S. diplomatic team, told reporters, noting that “the nuclear stuff” is still subject to negotiation. “We’re going back and forth on a couple of language points.”

“I do think that we’ve made a lot of progress here,” Vance added. “Hopefully we’ll continue to make progress, and the president will be in a position where he can endorse the agreement. But obviously, that’s still TBD.”

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