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Today's Political News Compilation - Friday, May 2, 2025

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Below are some of the top political news stories of the day:



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Trump family's net worth has increased by $2.9 billion thanks to crypto investments, new report says

By Madeleine May and Ji Ling Kent

President Trump's venture into crypto products has increased his family's wealth by billions in the last six months, according to a new report, as his administration continues to loosen the federal government's regulatory approach to the digital currency industry as a whole.

The group State Democracy Defenders Action estimated in a new report
that the president's crypto holdings now represent nearly 40% of his net worth — or approximately $2.9 billion. That increase is due in part to his release of the $TRUMP and $MELANIA meme coins, in addition to a large stake in World Liberty Financial, a crypto exchange affiliated with the Trump family that launched in October 2024. State Democracy Defenders Action identifies itself as non-partisan, but it is overseen by frequent critics of President Trump, with an agenda focused on "the autocratic threat to our nation."

The president's net worth is expected to get another bump, with World Liberty Financial's announcement this week that a Abu Dhabi-backed firm will invest billions of dollars in the Trump family-affiliated crypto fund. The Emirati firm, MGX, will purchase $2 billion in a stablecoin product offered by World Liberty, the company said in a statement to CBS. The currency, called "USD1" will then be used to invest in Binance, one of the world's largest cryptocurrency exchanges.

World Liberty has ties to the president and his sons.The fine print on the company's website says an entity affiliated with Mr. Trump and his family members own a 60% stake in the company.

According to the company's public reports, a Trump family entity also holds 22.5 billion of the $WLF tokens –- and takes an additional 75% in net revenue from future token purchases.

READ THE FULL STORY - AP















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Rep. Mikie Sherrill suggests third Trump impeachment as she campaigns to be next New Jersey governor

  • News source: FOX News
  • Replies: 0
  • Views: 5
Rep. Mikie Sherrill, D-N.J., suggested impeaching President Donald Trump a third time to stop Republicans following the 2026 midterms, as she seeks to become the next governor of New Jersey.

"I think you have to test yourself. I think it’s not enough to take on one tough fight. I think there’s a lot of tough fights going on," Sherrill told supporters during a campaign event at Ridgeway Volunteer Fire Company Station 34 in Manchester Township on April 26, according to the New York Post.

Sherrill, 53, was first elected to the U.S. House in the 2018...
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Brazil social security minister latest to quit in major pension fraud scandal

  • News source: BBC News - World
  • Replies: 0
  • Views: 9
The scheme allegedly saw pensioners defrauded of payments, with the diverted money shared among corrupt officials.
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Seven killed in tour bus crash near Yellowstone National Park

  • News source: BBC News - World
  • Replies: 0
  • Views: 8
A pickup truck and a tourist van collide on a highway near the famous attraction in eastern Idaho.
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Military parade to honour US Army will fall on Trump's birthday

  • News source: BBC News - World
  • Replies: 0
  • Views: 15
A "day-long festival" will be held in Washington DC with 6,600 soldiers, 150 vehicles and 50 aircraft.
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How ordinary Poles are preparing for a Russian invasion

  • News source: BBC News - World
  • Replies: 0
  • Views: 11
After the election of Donald Trump, ordinary Poles fear they could be in Moscow's sights.
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'I saved my ID card and my dog': Israel expands demolitions of West Bank refugee homes

  • News source: BBC News - World
  • Replies: 0
  • Views: 12
Jumaa Zawayda didn't know if his home was among those destroyed after Israel ordered thousands to evacuate Jenin.
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India and Pakistan are in crisis again - here's how they de-escalated in the past

  • News source: BBC News - World
  • Replies: 0
  • Views: 12
The way events unfolded after the Pulwama bombing and Pahalgam killings is strikingly similar, says a former diplomat.
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White House suing Colorado, Denver over "sanctuary" policies

  • News source: Politics - CBSNews.com
  • Replies: 0
  • Views: 16
The White House has filed a lawsuit against the state of Colorado, the city of Denver and a list of local leaders. The suit claims state and city laws labeled as "sanctuary" policies are dangerous and hurting the Trump Administration's efforts to deport people who are here illegally.

The lawsuit was filed Friday in federal court in Denver. It specifically mentions the controversial apartment complex in Aurora which President Trump claimed last year had been taken over by a Venezuelan gang.

It calls out city ordinances and state laws like the one...
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AOC slams Trump administration during Friday night district town hall as 2028 White House talk swirls

  • News source: FOX News
  • Replies: 0
  • Views: 11
Rep. Alexandria Ocasio-Cortez, D-N.Y., blasted the Trump administration on issues ranging from free speech, DOGE spending cuts, and immigration at a Friday night town hall in Jackson Heights, Queens. At one point the four-term congresswoman called out border czar Tom Homan by name, challenging him to "come for me."

After speaking at a May Day protest in New York City on Thursday, rejecting Trump's agenda and warning protesters that Republicans "are going after Medicaid next," Ocasio-Cortez continued that message to New York's 14th congressional...
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Germany defends AfD extremist classification after Rubio slams 'tyranny in disguise'

  • News source: BBC News - World
  • Replies: 0
  • Views: 14
Germany's foreign office says history shows that right-wing extremism "needs to be stopped", after criticism from the White House.
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How Canada's Conservatives threw away a 27-point lead to lose again

  • News source: BBC News - World
  • Replies: 0
  • Views: 12
Leader Pierre Poilievre faces divisions within the Conservative movement as he fights to stay on as leader.
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Trump administration in talks with Rwanda to take deportees from U.S.

  • News source: Politics - CBSNews.com
  • Replies: 0
  • Views: 15
Rwanda's government and the Trump administration are discussing details about a potential agreement for Kigali to accept deportees from the U.S., including Africans and other non-Rwandan nationals, CBS News has learned.
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How DOGE cuts may impact response to oil spill off Louisiana

  • News source: Politics - CBSNews.com
  • Replies: 0
  • Views: 13
Former federal disaster response specialists and national environmental groups warn that DOGE job cuts may hamper the response to a major oil spill off Louisiana's Gulf Coast this week, a leak that is fast contaminating marshlands and threatening vital wildlife habitats and fisheries. Kati Weis reports.
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Hysterical town hall attendee interrupts AOC, yells about 'genocide' in Gaza: 'You're a liar!'

  • News source: FOX News
  • Replies: 0
  • Views: 14
A hysterical protester yelling about the "genocide" in Gaza interrupted a district town hall event being held by Rep. Alexandria Ocasio-Cortez, D-N.Y., shortly after it began on Friday night.

As Ocasio-Cortez first began speaking, she pulled up a PowerPoint presentation for the night's event. She was then interrupted before even getting through her first slide discussing the Trump administration's budget cuts, including alleged cuts to local healthcare systems.

"I am a healthcare worker and I want to know what you're doing about the genocide in...
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Wall Street stocks bounce back from Trump tariff losses

  • News source: BBC News - World
  • Replies: 0
  • Views: 16
Investors were buoyed by a better-than-expected jobs report and rising hope of US-China trade talks.
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