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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 KentPresident 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
Judge permanently blocks Trump’s executive order targeting Democratic-tied law firm Perkins Coie | CNN Politics
A federal judge on Friday ruled that an executive order signed by President Donald Trump targeting a law firm that represented his 2016 presidential opponent was unconstitutional.
www.cnn.com
3 senior GOP senators slam Trump's defense budget for being too stingy
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www.usatoday.com
Senate Republicans raise red flags about Trump's private dinner with his meme coin holders
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apnews.com
Former aide who refuted Trump's false 2020 election claims is under federal investigation
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www.nbcnews.comJudge blocks Trump executive order targeting elite law firm, a blow to his retribution campaign
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apnews.com
Judge rules Trump executive order targeting law firm Perkins Coie is unconstitutional
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www.cbsnews.com
Justice Ketanji Brown Jackson criticizes Trump's attacks on judges
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www.usatoday.com
Trump admin live updates: Trump says he'll rename Veterans Day as 'Victory Day for World War I'
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Military parade to celebrate the Army's 250th anniversary will be held on Trump's birthday
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apnews.com
Donald Trump asks for huge spending increase on border, deportations
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www.usatoday.com
Brown University in GOP crosshairs after student's DOGE-like email kicks off frenzy
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Trump 100 days: White House action plan makes Project 2025 look mild
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www.cnn.com
CPB fires back at Trump's executive order pulling funding for NPR, PBS
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Trump administration asks Supreme Court to let DOGE access Social Security systems
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apnews.com
High-profile attorney Abbe Lowell launches new firm to push back on Trump's attacks on legal system
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www.cbsnews.com
Trump downplays recession fears, saying the U.S. would be 'OK' in the long term
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www.nbcnews.com
Journalist group downgrades US press freedom ranking, cites Trump spending cuts to public media
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www.cbsnews.com
Thousands rally against Trump, Musk in May Day protests | The Excerpt
President Donald Trump's shakeup of his national security team. | Judge rules Trump cannot use the Alien Enemies Act to deport Venezuelan migrants.
www.usatoday.com
Americans see more overreach from the president than from judges, an AP-NORC poll finds
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apnews.com
Judge dismisses case against Virginia man Trump admin. called top MS-13 leader
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www.usatoday.com
After Trump dismisses hundreds of scientists working on climate report, two groups say they'll publish their work
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www.cbsnews.com
After Canada, Trump could drag down conservatives in another election in Australia
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www.nbcnews.com
Australia election 2025: Results, what polls say and what’s at stake?
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More Israeli strikes on Syria reported after Damascus warns of escalation
Syria condemns earlier Israeli attack near presidential palace after week of sectarian violence against Druze community.
TikTok fined $600 million for China data transfers that broke EU privacy rules
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apnews.com
WATCH: AOC holds Queens town hall as 2028 White House talk swirls
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Trump budget proposes $1 trillion for defense, slashes education, foreign aid, environment, health and public assistance | CNN Politics
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www.cnn.comU.S. added 177,000 jobs in April as businesses grappled with tariff impacts
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www.nbcnews.comUS reaches agreement to settle lawsuit brought over Ashli Babbitt's shooting during Capitol riot
Lawyers say the Trump administration has reached a preliminary agreement to settle a wrongful death lawsuit brought by the family of Ashli Babbitt over her shooting by an officer during the U.S.
apnews.com
White House actively working to answer how Rubio will balance 2 top national security roles | CNN Politics
The newly appointed interim national security adviser is preparing to stay in that role for up to six months, a person close to him said.
www.cnn.com
Measles cases surpass 900 in US as infections confirmed in 29 states, CDC data shows
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www.usatoday.com
Scientific societies say they'll step up after Trump puts key climate report in doubt
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apnews.com
Proposed 2026 NASA budget slashes $6 billion, mostly from science programs
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www.nbcnews.comTrump does impression of transgender weightlifter during Alabama speech
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apnews.com
Trump administration in talks with Rwanda to take deportees from U.S.
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www.cbsnews.comCanadian Prime Minister Mark Carney will visit Trump at the White House on Tuesday
Canadian Prime Minister Mark Carney says he will visit U.S. President Donald Trump at the White House on Tuesday.
apnews.com
Abrego Garcia was called a 'gang member' in custody dispute. His accuser is now in prison
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www.usatoday.com
Does Abrego Garcia have ‘MS-13’ tattooed on his knuckles, as Trump claims?
US president has insisted tattoos prove MS-13 ties, but experts and photos contradict the claim in Abrego Garcia’s case.
Rubio and German Foreign Ministry spar on X over comments accusing Germany of ‘tyranny in disguise’ | CNN Politics
A remarkable exchange played out on X on Friday as US Secretary of State Marco Rubio accused the government of key ally Germany of “tyranny in disguise” for designating the far-right Alternative for Germany (AfD) as an extremist entity.
www.cnn.comAs Trump sets his sights on public broadcasting, a decades-old institution frets about the future
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apnews.com
State Department labels Haitian gangs as terrorist organizations
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www.nbcnews.com
Trump's interior chief to unleash Gulf drilling with major rule change
Interior Secretary Doug Burgum exclusively shared his move to adjust a rule on how much money oil firms must provide in assurances against default.
Analysis: Can Trump revoke Harvard’s tax-exempt status? | CNN Politics
President Donald Trump on Friday reiterated his plans to revoke Harvard University’s tax-exempt status, making clear that he intends to use the IRS against his perceived enemies.
www.cnn.com
Trump speaks on economic worries and roils foreign elections: From the Politics Desk
After Canada, another U.S. ally's election has been upended by voter sentiment about Trump.
www.nbcnews.comInside the Trump White House's early 2026 midterm strategy
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Trump blasts Democrats pushing impeachment efforts against him: 'Really out of control'
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www.usatoday.com
Drones strike ship carrying aid to Gaza, organizers say, in latest confrontation over assistance
Drones attacked a vessel carrying aid to Gaza in international waters off Malta. That's according to the group organizing the shipment said.
apnews.com
Prince Harry says he's 'devastated' after losing court battle over security protection in UK
Harry challenged a U.K. government decision about his security.
Hawaii lawmakers raise the state's hotel tax to help the islands cope with climate change
Hawaii lawmakers have passed first-of-its-kind legislation that increases the state’s lodging tax. They say the increase will raise money for environmental protection and strengthening defenses against climate change-fueled natural disasters.
apnews.comTrump budget proposes drastic cuts for US scientific research
WASHINGTON (Reuters) -The White House wants to reduce U.S. health spending by more than a quarter next year, with the National Institutes of Health and Centers for Disease Control and Prevention facing the brunt of billions of dollars in cuts. President Donald Trump's administration on Friday...
Trump administration settles with Maine over funding freeze after dispute over trans athletes
In response, the state will drop its lawsuit that had been filed against the U.S. Department of Agriculture.
www.nbcnews.com
Trump's budget proposal would cut some discretionary spending, increase defense spending
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Prince Harry tells BBC he wants 'reconciliation' with Royal Family
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www.bbc.comList of child welfare research grants marked for termination in mistaken HHS email
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apnews.com
Democratic senators call for investigation into Elon Musk’s foreign Starlink deals
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www.nbcnews.com
Van Jones speaks with Black Trump supporters | CNN Politics
CNN senior political commentator Van Jones speaks with a group of African Americans in South Carolina who explain why they voted for and continue to back President Donald Trump.
www.cnn.com
Palestinian children face starvation under Israel’s total Gaza blockade
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Trump may get a new national security adviser — or he might just keep Marco Rubio
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www.nbcnews.com
Fla. AG to rebuff judge who ordered halt to state immigration enforcement: 'The court has overstepped'
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Trump's pick for top prosecutor in DC is testing Republican loyalty
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apnews.com
Teen, family’s sole survivor in Vancouver attack, to give half his donations to other victims
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www.nbcnews.com
Newly launched law firm says it will represent those 'inappropriately targeted' by Trump
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House Republicans wrestle with how to make $1.5 trillion in cuts | CNN Politics
After a frenzied week of small group meetings, leadership listening sessions and private committee discussions, House Republicans are still grappling with core disagreements over how they will extract $1.5 trillion in savings over the next decade. Questions over how to overhaul Medicaid and...
www.cnn.com
Elon Musk likens federal grants to 'saving baby pandas'
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www.usatoday.com
EPA announces broad reorganization that includes shuffle of scientific research
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apnews.com
Trump's tax overhaul hits GOP turbulence over Biden-era green incentives
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Desperate children and adults in Gaza struggle to get food as Israel blocks aid
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apnews.com
Jen Psaki insists she 'never saw' diminished Biden while working as press secretary
Former White House press secretary Jen Psaki dismissed the idea of a "cover-up" and denied seeing President Biden's decline while in the White House.
Youngkin cuts $900 million from amended Virginia budget ahead of economic uncertainty
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apnews.comTroubled FAFSA rollout complicates college acceptance for some seniors
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Trump looms over New Jersey campaign as GOP looks to build on 2024 gains
The top two GOP candidates for governor in New Jersey, Jack Ciattarelli and Bill Spadea, met with Trump in March ahead of the June 10 primary.
www.nbcnews.com
Harvard hits back 'no legal basis' for Trump move to take away tax-exempt status
"It's what they deserve," he said, renewing his threat in a Truth Social post.
Australia is headed to the polls - here's what you need to know
The BBC’s Katy Watson explains the key players, top issues and the role of the democracy sausage.
www.bbc.comAs Trump pares back ocean protections, California weighs expanding them
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apnews.com
Mike Waltz offered other roles before accepting U.N. ambassador post, sources say
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www.cbsnews.com
New report warns NATO's data vulnerabilities could cost lives without US fix
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Tennessee police release video of Kilmar Abrego Garcia traffic stop in 2022
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apnews.com
US attacks Yemen port again; Houthis launch missiles at Israel
US srtike is on same Yemeni port in Hodeidah that killed at least 80 people last month.
Musk aides got accounts on classified system with US nuclear secrets: sources
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www.usatoday.com
Iran must 'walk away' from all uranium enrichment, Marco Rubio says
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www.nbcnews.com
Intelligence agency classifies country's popular Alternative for Germany party as 'extremist'
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S&P 500 posts longest winning streak in 20 years as Trump and China show some willingness to bend on trade | CNN Business
US stocks rose Friday and the S&P 500 notched its longest winning streak since 2004 as China signaled openness to trade talks and investors digested a better-than-expected jobs report.
www.cnn.com
Tim Walz's daughter blasts running influencer for 'normalizing' Trump administration with White House visit
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Former Illinois Gov. George Ryan dies at 91. He halted executions and went to prison for corruption
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apnews.com
Army plan for potential parade on Trump's birthday includes "thousands" of troops, says defense official
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www.cbsnews.com
Justice Ketanji Brown Jackson criticizes Trump's attacks on judges
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www.nbcnews.comDeSantis signs law creating new hurdles for Florida's citizens' initiative process
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apnews.com
7 killed in fiery crash between tour van, pickup truck near Yellowstone National Park
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Top 5 most outrageous ways the government has wasted your taxes, as uncovered by Elon Musk's DOGE
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Judge denies effort by US Rep Cuellar of Texas to move bribery trial to hometown of Laredo
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apnews.com
Send us your questions about Trump’s first 100 days | CNN Politics
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www.cnn.comArmy plans for a potential parade on Trump's birthday call for 6,600 soldiers, AP learns
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apnews.comUkraine war briefing: Zelenskyy hails ‘historic’ minerals deal as an equal partnership with US
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Trump re-ups his threat to strip Harvard University's tax-exempt status
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apnews.com
Illinois landlord gets 53 years for fatally stabbing Palestinian-American child
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www.bbc.com
Prosecutors in Thailand say they won’t pursue royal defamation case against U.S. scholar
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www.nbcnews.comWall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
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apnews.com
Hegseth, Signal questions dog Waltz as potentially perilous UN ambassador confirmation hearings loom
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Are Trump's tariffs just punishing China for being good at what it does?
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www.cbsnews.comJudge orders mental health assessment for man accused of killing 11 at Vancouver festival
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apnews.com
Trump-appointed judge says president’s use of Alien Enemies Act is unlawful in first-of-its-kind ruling | CNN Politics
A Donald Trump-appointed federal judge in Texas ruled that the president unlawfully invoked the Alien Enemies Act and blocked the administration from quickly deporting some alleged members of a Venezuelan gang.
www.cnn.comUS Health Secretary Kennedy to testify before Senate panel May 14
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apnews.com
Singapore votes as city-state prepares to mark 60 years of independence
Singaporeans long accepted fewer freedoms in exchange for economic growth and good jobs. But that may be changing.
Australians voting in national election as Trump's influence looms
Australia's vote comes just a week after Canada's elections, where President Trump's influence was also felt.
www.cbsnews.com
Fact check: Trump keeps making up gas prices | CNN Politics
President Donald Trump’s imaginary gas price has fallen.
www.cnn.comDoor knocks and DNA tests: How the Trump administration plans to keep tabs on 450,000 migrant kids
President Donald Trump's administration is conducting a massive, multi-agency review of 450,000 migrant children who crossed the U.S.-Mexico border without their parents during President Joe Biden's term.
apnews.com
Ex-Pelosi aide accuses Hakeem Jeffries of 'squandering' anti-Trump opportunities in stunning rebuke
A former top aide to ex-Speaker Nancy Pelosi is sounding off about House Democratic Leader Hakeem Jeffries' efforts.
Trump says his administration is revoking Harvard's tax-exempt status
"We are going to be taking away Harvard's Tax Exempt Status. It's what they deserve!" the president said in a post to Truth Social.
www.cbsnews.comMusk's next task? Reviving Tesla in Europe where sales have plunged by more than half in a year
Tesla sales plunged by more than half last month in several European countries in a sign that Elon Musk could struggle to revive the company after he shifts from his Washington work to running the automaker again.
apnews.comHead Start survives Trump administration budget proposal
The Trump administration apparently has backed away from a proposal to eliminate funding for Head Start, the early education program that serves some of the nation’s neediest preschoolers. Backers of the six-decade-old program, which educates more than half a million children from low-income...
Wall Street stocks bounce back from Trump tariff losses
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www.bbc.com
Cardinal predicts next week's conclave 'will be short'
Preparations for the papal conclave are ramping up at the Vatican on Friday as workers are beginning to install the ceremonial chimney on the roof of the Sistine Chapel.
Florida's GOP Legislature cracks down on ballot measures after near-misses on pot, abortion
Despite Republican infighting between Gov. Ron DeSantis and state House GOP leaders, the legislation gives the governor a win on one of his top priorities this year.
How major US stock indexes fared Friday, 5/2/2025
Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April.
apnews.com
House Freedom Caucus embraces Trump budget proposal 'paradigm shift'
The House Freedom Caucus described President Donald Trump's budget proposal as "a paradigm shift," and members of the caucus are embracing the president's request.
Russell Brand posts bail on rape and sexual assault charges in chaotic court appearance
Actor and comedian Russell Brand has arrived at a London court to face rape and sexual assault charges on Friday morning.
DOGE employee 'Big Balls' reveals how he got his name, warns of 'no checks' on government spending
DOGE employee Edward Coristine told Fox News on Thursday about his "Big Balls" nickname as well as his findings at the department that there are "no checks" on government spending.
Trump brings DOGE fight over access to Social Security data to Supreme Court | CNN Politics
President Donald Trump’s administration urged the Supreme Court on Friday to allow Elon Musk’s Department of Government Efficiency to access Social Security Administration data on hundreds of millions of Americans.
www.cnn.com
How Elon Musk's SpaceX may take over a corner of the Texas coast
Elon Musk’s SpaceX already has a footprint in South Texas but now wants to create an official municipality for the launch site called Starbase.
‘This was not what you promised’: Harvard students have largely backed their school against Trump. That could start to change | CNN
As Harvard University students hunker down for spring semester finals, dozens of students rallied on campus on Tuesday urging the school’s leadership to hold firm in their fight with the Trump administration.
www.cnn.com
Australia’s cost-of-living crisis top concern for Australian voters
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Miriam Haley: Weinstein rape accuser breaks down under questioning in retrial
Production assistant Miriam Haley is the first accuser to testify at the disgraced Hollywood mogul's retrial.
www.bbc.comTrump says US in transition period, downplays impact of short-term recession
WASHINGTON (Reuters) -President Donald Trump said on Friday the U.S. was in a "transition period" and was going to do "fantastically" while downplaying the impact any short-term recession may have. What we are — I said, this is a transition period. Trump's comment on the U.S. economy being in...
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