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- Jeffrey Toobin Explains How the Supreme Court Allowed Trump To Become a Cryptocu...
Former federal prosecutor Jeffrey Toobin explained that President Donald Trump’s wildly profitable cryptocurrency ventures are legal, even as Trump oversees regulation – or lack thereof – of the crypto industry. In a 927-page disclosure released on Tuesday, the president revealed that he made more than $1 billion in his crypto ventures last year, including $636 million via a Trump Organization affiliate responsible for the $TRUMP memecoin and nearly $600 million in income at World Liberty Financial, which Trump and his sons co-founded. About half of WLF was purchased last year by an investment firm backed by the United Arab Emirates. Overall, Trump made at least $2.2 billion in 2025. Toobin appeared on Tuesday’s AC360 on CNN, where Anderson Cooper said the ventures raise “ethical concerns” and asked, “But he can do this, right?” Toobin responded by citing Trump v. United States, a 2024 Supreme Court decision that gave the president immunity from criminal prosecution for all “official acts” while in office: Well, the Supreme Court has said that any official action he takes may not be the subject of criminal charges. And it can’t even be investigated. And if we can just talk about crypto, the regulation of crypto is one of the hottest issues being dealt with in the executive branch now. So, he is in charge of regulating something that is putting literally billions of dollars in his pocket. But regulating crypto is an official action of the executive branch. So, under the decision of Trump v. United States, he can do whatever he wants. He can open a lemonade stand on the front lawn of the White House and take public payments in return for regulatory changes. But because that’s an official action, he’s immune from prosecution. Cooper sarcastically responded, “That’s such a ridiculous example. Like, the next thing you’re gonna say is that he would be selling commemorative coins for a UFC fight on the front lawn of the White House.” “That would never happen,” Toobin replied, playing along. This month, Trump sold UFC-themed coins to capitalize on the UFC fights he hosted on the White House lawn to celebrate the 250th anniversary of the founding of the country. The prices of the coins ranged from $250 to $12,000.The post Jeffrey Toobin Explains How the Supreme Court Allowed Trump To Become a Cryptocurrency Billionaire While President first appeared on Mediaite. [TheTopNews] Read More.8 hours ago - JB Pritzker Claims Trump Is ‘Suffering From Dementia’ and Doesn’t ‘Reall...Illinois Governor JB Pritzker (D) insisted that President Donald Trump is “suffering from dementia” and does not comprehend his own statements. Pritzker, who has been floated as a Democratic presidential contender in 2028, appeared on Tuesday’s installment of The Source on CNN, where host Kaitlan Collins asked him about some recent comments about the president. Last week, three leftist U.S. House candidates backed by New York Mayor Zohran Mamdani, a democratic socialist, won their primary races, two of whom triumphed over Democratic incumbents. Speaking to reporters in the Oval Office on Monday, Trump claimed that communism – in the year 2026 – is a bigger threat to the U.S. than both world wars and 9/11. For good measure, Trump tossed in the attack on Pearl Harbor, which prompted U.S. entry into World War II. “He says they’re the greatest threat to the country since its founding,” Collins told Pritzker. “And he said that includes World War I, World War II, Pearl Harbor, and 9/11.” “Look, the man is continually suffering from dementia,” Pritzker said. “I don’t think he really understands what he’s saying. The truth is that– I mean, this is a man who’s threatened to jail the mayor of Chicago, the governor of Illinois. He regularly threatens to go after people and indeed, has used the Department of Justice to go after people. So, you know, I think he has these concepts in his head and he blurts them out without really thinking.” Trump has occasionally attacked Prtizker, sometimes focusing on the governor’s weight. In one especially juvenile instance, the president, who is not exactly a model of physical fitness, posted an AI-generated image of Pritzker feasting at a buffet. Watch above via CNN.The post JB Pritzker Claims Trump Is ‘Suffering From Dementia’ and Doesn’t ‘Really Understand What He’s Saying’ first appeared on Mediaite. [TheTopNews] Read More.9 hours ago
- CNN’s Paula Reid To Exit Ahead of Paramount Takeover: Report
CNN chief legal affairs correspondent Paula Reid will be exiting the network ahead of a Paramount Skydance takeover, according to new reports. Reid has declined to renew her contract with the network as a merger between Warner Bros. Discovery, the parent company of CNN, and David Ellison’s Paramount looms, former CNN senior media reporter Oliver Darcy reported in his Status newsletter, adding that Reid’s contract is up this summer. The legal analyst has still been seen plenty on CNN, covering the latest Supreme Court rulings. Darcy reported that Reid raised “concerns” about the $110 billion merger and “expressed discomfort with the takeover and the uncertainty it has cast over CNN’s future.” Reid would be the first major CNN face to leave the network over the merger, though reports have indicated that many employees are concerned about Ellison’s company taking over, noting Ellison’s relationship to President Donald Trump — his father Larry Ellison is a major donor — and his recent takeover of Paramount where he’s put in place controversial reforms and staffing changes at CBS News and, specifically, 60 Minutes. The New York Times’ Michael M. Grynbaum and Benjamin Mullin reported last week that tensions are running high at CNN and the office of Amy Entelis, CNN’s executive in charge of on-air talent, has become a “psychiatrist’s couch” as on-air talent and correspondents fear the implications of the merger. That report also indicted Anderson Cooper had expressed behind the scenes that he has no interest in working for CBS News editor-in-chief Bari Weiss, who was put in her position to overhaul the outlet last year by Ellison. Cooper briefly overlapped with Weiss at 60 Minutes, but left his correspondent position earlier this year. Weiss would reportedly be up for a major role overseeing CNN once the merger goes through, something CNN head Mark Thompson has said he has no interest in being involved in, according to The Times. CNN tech journalist Kara Swisher has openly said she will refuse to work at the network anymore should Thompson be moved out of his role. “So far, there’s nothing I’ve seen that indicates that they’re serious about creating a modern digital news organization,” she told The Times.The post CNN’s Paula Reid To Exit Ahead of Paramount Takeover: Report first appeared on Mediaite. [TheTopNews] Read More.10 hours ago - Brawl Breaks Out at Fenway After White Pitcher Tells Venezuelan Batter, ‘Sit D...There was drama at Fenway Park on Tuesday after a Washington Nationals pitcher jawed at Boston Red Sox first baseman Willson Contreras, calling him “boy.” In the bottom of the fourth inning, Cade Cavalli struck out Contreras looking on a 3-2 pitch. Contreras took a couple of steps toward the Red Sox dugout on the first base side, but suddenly turned to Cavalli after the pitcher, a white man from Oklahoma, was heard yelling at Contreras, a Venezuelan immigrant, “Sit down, boy!” Historically, ‘boy’ has been used as an epithet by white people against Black men. Contreras is not Black, but is nonetheless a person of color. Contreras then slowly made his way toward Cavalli as the benches and the bullpens emptied. Some of the players were pushing and shoving during the brouhaha, with Contreras throwing his helmet at Cavalli or one of the other Nationals players. New England Sports Network broadcasters Dave O’Brien and Will Middlebrooks noted what Cavalli had shouted at Contreras, and Middlebrooks suggested that someone on the Nationals may have made an additional comment to Contreras that set him off. It was the second night in a row in which Contreras had been ejected. “He was just seeing red at that point,” Middlebrooks said before breaking down a slow-motion replay of the incident while O’Brien called Cavalli’s remarks “classless.” Middlebrooks noted that Contreras has been emotional amid the ongoing search and rescue efforts in his native Venezuela after a devastating earthquake: MIDDLEBROOKS: He said it and stared at him, kinda caught Contreras off guard after getting frozen by the breaking ball. And he’s just saying like, “Why are you yelling at me? What’s going on?” And then I don’t know what else was said right here, because that’s when he snapped. O’BRIEN: Well, Cavalli going out of his way to antagonize him after the strikeout. I don’t know any player that isn’t going to react to that. MIDDLEBROOKS: Well, they know he’s emotionally on edge right now with everything that is going on in Venezuela. He’s been vocal and very emotional since all that has gone down, but– O’BRIEN: Well, it’s a classless thing to say. MIDDLEBROOKS: In no way am I justifying what has happened with Contreras. O’BRIEN: Sure. MIDDLEBROOKS: You could take exception to him talking to you like that, because him being like, “Who are you? Why are you talking to… [TheTopNews] Read More.10 hours ago
- Vance Tells Fox News Viewers That Despite Ruling Against Trump, ‘We Have an Op...Vice President JD Vance claimed birthright citizenship is “hanging by a thread” and could still be reversed despite the Supreme Court ruling against President Donald Trump earlier in the day. Vance joined Fox News’ Laura Ingraham on The Ingraham Angle and told viewers there is an opportunity to “reverse” the Supreme Court’s decision, which struck down an executive order from the president. In the 5-4 ruling, the Supreme Court upheld birthright citizenship, which guarantees citizenship for anyone “born or naturalized” in the United States. Justice Brett Kavanaugh wrote a dissent arguing that Trump’s executive order violated a federal law, but not the Constitution. “In my view, the Executive Order does not violate the Fourteenth Amendment. But the Order does contravene a federal statute, 8 U. S. C. §1401(a). Congress could—consistent with the Fourteenth Amendment—amend §1401(a) or otherwise enact new legislation establishing exceptions to birthright citizenship for children born to foreign citizens unlawfully or temporarily in the country. But Congress has not yet done so,” he wrote. Trump also urged Congress to act on the matter. “The Supreme Court upheld Birthright Citizenship, which is too bad for our Country, but we can easily make it up in Congress through Legislation, with the support of the President, that has now been determined during this process. No long and unwieldy Constitutional Amendment is necessary! Congress should start TODAY to work on ending expensive and unfair to our Country, Birthright Citizenship. They will have my Complete and Total Support!” he wrote on Truth Social. Vance argued that the closeness of the “preposterous” and “disappointing” decision from the Supreme Court shows the law is “hanging by a thread.” He said: One of the things we’re going to have to do is just continue to enforce the border, Laura. This was a very disappointing ruling. Of course, we respect it but we also think it was a major, major mistake as Justices [Samuel] Alito and [Clarence] Thomas pointed out. One of the things it might invite, Laura, is, quite literally, people come here on a vacation, give birth, and then the child and family have the full benefits of American citizenship. It suggests why the Supreme Court should have went the other way. I know a lot of conservatives, Laura, certainly the people that I’m talking to, are extremely disappointed. I do think there is a big silver lining here and that’s the simple fact… [TheTopNews] Read More.11 hours ago
- Trump Discloses $1.4 Billion From His Cryptocurrency Businesses
AP Photo/Alex Brandon President Donald Trump brought in more than $1 billion from his family’s cryptocurrency businesses last year, a new federal filing revealed this week. The annual disclosure, filed on Monday, with the U.S. Office of Government Ethics, showed that the president received $500 million from the crypto venture he and his sons — Eric Trump, Donald Trump Jr., and Barron Trump — founded, World Liberty Financial. He also reported $635 million from $TRUMP meme coin sales, which were listed as “Celebration Coins” — sales from CIC Digital LLC, reported Reuters and others. That meme coin has taken a massive dive since being introduced, losing more than 90% of its value. Another $80 million was pulled in from various licensing and settlements stemming from lawsuits with media outlets. Millions were brought in from various products slapped with Trump’s face or name. Trump watches took in nearly $5 million alone. The president also reported nearly $300 million in income related to his Florida Mar-a-Lago property, as well as income from his golf properties in Bedminster, New Jersey, and Washington, D.C. The money brought in by Trump’s family and businesses while he is in the White House has been the center of lots of speculation and ethics debates. Trump’s disclosure documents total more than 900 pages, while Vice President JD Vance’s annual disclosure sits at just 17 pages. He reported sales of his new book, earnings from the firm Narya Capital and the Rise of the Rest Seed Fund, as well as bitcoins valued between valued up to $500,000. The disclosure documents from the president also include financial information about First Lady Melania Trump, with $10.7 million in net proceeds from a license agreement related to the Amazon documentary Melania, released earlier this year. She also reported more than $6 million in earnings from another licensing agreement “for the sale of NFTs and other collectibles.”The post Trump Discloses $1.4 Billion From His Cryptocurrency Businesses first appeared on Mediaite. [TheTopNews] Read More.12 hours ago
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