Ramifications of president's new love for cryptocurrency
In fact, during his first administration, he called it a scam. That was back in the days he claimed to be a billionaire when he wasn't.
Well, he is a billionaire now because of his investment in crypto and his own meme coin. Host Jim Niedelman brings back Porter McNeil and Steve Grubbs to discuss.
'This whole crypto move by the President has Republicans on both sides. I think a lot of Republicans are a little bit uncomfortable with some of the self interest,' Grubbs said.
'This economy and this market is important, and it's good that the U.S. wants to be a leader in it,' McNeil said.
To hear more, click on the video.
Local 4 News, your local election headquarters, is proud to present , a weekly news and public affairs program focused on the issues important to you. It's a program unlike any other here in the Quad Cities. Tune in each Sunday at 10:30 a.m. as brings you up to speed on what's happening in the political arena, from Springfield, Des Moines, Washington, D.C. and right here at home.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
31 minutes ago
- CNBC
Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports
Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with the White House. In exchange for 15% of revenues from the chip sales, the two chipmakers will receive export licenses to sell Nvidia's H20 and AMD's MI308 chips in China, according to the FT. The arrangement comes as President Donald Trump's tariffs continue to reverberate through the global economy, underscoring the White House's willingness to carve out exceptions as a bargaining tool. Nvidia CEO Jensen Huang met with Trump last week, according to the FT. In a statement, Nvidia told the Financial Times: "We follow rules the U.S. government sets for our participation in worldwide markets." Last week, Trump had said he would implement a 100% tariff on imports of semiconductors and chips, unless a company was "building in the United States." Read the complete Financial Times report here.
Yahoo
an hour ago
- Yahoo
Tammy Bruce, State Department spokesperson, tapped for UN role
President Donald Trump on Saturday announced that he was nominating State Department spokesperson Tammy Bruce to serve as deputy representative to the United Nations. 'I am pleased to announce that I am nominating Tammy Bruce, a Great Patriot, Television Personality, and Bestselling Author, as our next Deputy Representative of the United States to the United Nations, with the rank of Ambassador,' Trump wrote in a post to Truth Social, adding that Bruce has been 'serving with distinction' in her current role as State Department spokesperson and 'will represent our Country brilliantly at the United Nations." Bruce has been one of the State Department's most public figures in the first six months of Trump's second term, helming regular press briefings on the administration's foreign policy. Her nomination comes at a time when the United States does not have a permanent leader at the United Nations; Mike Waltz — who briefly served as Trump's national security adviser — had his confirmation hearing to be the U.N. ambassador last month, but the full Senate has yet to vote on his nomination. Trump initially tapped Bruce, a former Fox News contributor, for the State Department role in January, adding to his lengthy list of administration picks from the conservative network. Bruce had been a longtime Democrat and self-described liberal activist before making a hard pivot into conservative politics and eventually supporting Trump's MAGA cause. The position of deputy representative to the U.N. is Senate-confirmed, setting up the former spokesperson to come under lawmakers' scrutiny. If confirmed, Bruce would enter the role at a time when the Trump administration's policy decisions — particularly its firm support for Israel amid growing criticism from the global community over its Gaza offensive — have put the U.S. at odds with longtime allies.
Yahoo
an hour ago
- Yahoo
Intel CEO to visit White House on Monday, WSJ reports
(Reuters) -Intel CEO Lip-Bu Tan is set to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Reuters could not immediately confirm the report. Intel and the White House did not immediately respond to requests for comment. Tan is expected to have a extensive conversation with Trump while looking to explain his personal and professional background, the report said, adding that he could propose ways Intel and the U.S. government could work together, the report added. Tan hopes to win Trump's approval by showing his commitment to the U.S. and guaranteeing the importance of keeping Intel's manufacturing capabilities as a national security issue, the report added. Last week, Trump demanded the immediate resignation of Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon. Tan said he shared the president's commitment to advancing U.S. national and economic security. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data