Latest news with #TrumpJr.
Mint
20 hours ago
- Business
- Mint
Trump's Administration Has Asked Ally Serbia to Accept Deportees
President Donald Trump's administration is pushing Serbia and other Balkan nations to take in migrants deported from the US, according to people familiar with the matter. The requests to countries in the region are ongoing and part of a broader strategy to find foreign governments willing to receive migrants sent from the US, including some who originally entered under Biden-era protections, according to the people, who requested anonymity because the talks were private. Regional bureaus from the US Department of State were tasked with pitching the idea, one of the people said. It is not clear if any agreements were struck as a result of the talks. The White House declined to comment. The State Department didn't immediately comment. Serbia's Foreign Ministry also didn't respond when approached on Wednesday. In May, the Supreme Court allowed the Trump administration to strip temporary legal status from as many as half a million people from Cuba, Haiti, Nicaragua and Venezuela. The administration has been looking for possible destinations for immigrants from those places who could be deported as a result, one of the people said. The Wall Street Journal reported in April that the US had explored arrangements to send deportees elsewhere in the Balkans, including Moldova and Kosovo, and other locations around the world. But Serbia, which has not previously been reported as a potential destination for US deportees, is notable to the Trump family for a separate reason. Its capital is the site for a forthcoming Trump Tower Belgrade, planned by an investment firm co-founded by Jared Kushner, the president's son-in-law. The Trump Organization struck a deal to license its brand for the project. Trump handed control of the Trump Organization to Eric Trump and Donald Trump Jr., his two eldest sons. Trump Jr. also oversees his father's assets in a trust. Serbian President Aleksandar Vucic, who has played a balancing act between East and West throughout his rule, is an avid fan of Trump. He has cultivated ties with the MAGA world when Trump was out of power and was among the first to congratulate Trump on his victory, in a call dropped in on by Elon Musk. Trump's eldest son has visited Serbia repeatedly and his special envoy, Richard Grenell, was awarded Serbia's highest civilian honor. In his latest visit in late April, Trump Jr. dined with Vucic while on a tour of Eastern European capitals aimed at identifying business opportunities in his capacity as executive vice president of the Trump Organization. In May, Vucic had hoped for a sit-down with Trump in Florida but fell ill during the US trip and had to cut it short. Days later, he attended the May 9 Victory Day parade in Moscow despite warnings from European Union officials. Arrangements to accept deported migrants are not without precedent in the region. A similar deal was made between Italy and Albania after Prime Minister Giorgia Meloni persuaded the Balkan nation to host migrant centers for people intercepted while trying to cross by sea from Africa to Europe. Italy pays for the cost of centers. However, the arrangement has hit practical snags and its own battles in the Italian courts. These latest conversations with Balkan countries are taking place as the US crackdown on immigration has been challenged in courts. More than 200 migrants, mostly Venezuelan, were deported to prison in El Salvador. In the process the Trump administration invoked a law previously used only during wartime, that allows the president to bypass federal immigration rules to send away 'alien enemies' in cases where a foreign nation has threatened an 'invasion or predatory incursion.' With assistance from Misha Savic. This article was generated from an automated news agency feed without modifications to text.
Int'l Business Times
3 days ago
- Business
- Int'l Business Times
Trump Jr Insists 'You Don't Know' Who Really Buys Memecoin Despite His Dad Hosting Dinner With Top Holders Weeks Ago
Donald Trump Jr. insisted "you don't know" who's behind memecoin, downplaying influence concerns, even as his father, President Donald Trump, hosted a private dinner with top holders. The controversy centers on a cryptocurrency launched earlier this year, which ethics experts say opens the door for anonymous donors to funnel money without oversight. While the president publicly aligned himself with the project, Trump Jr. attempted to distance himself from it during a CNBC interview Tuesday, insisting he wasn't involved and instead focused on ventures like stablecoins and Bitcoin mining. "One of the things people question ... say the memecoin your father has, creates the opportunity for foreign adversaries, people in the U.S. or anybody to effectively funnel money to the president," CNBC journalist Andrew Ross Sorkin prompted. "I think the memecoin, you don't know who's actually doing any of these things," Trump Jr. defended. "It's different because it's hard to influence if you don't know where the stuff is coming from." Trump Jr. defended his family's broader involvement in crypto by describing their pivot to decentralized finance as a response to being "de-banked" after his father's presidency. He said that crypto offered freedom from what he called an unfair traditional financial system and dismissed concerns about the memecoin as media-driven hysteria. However, he avoided directly addressing why Trump met with top holders in late May or what influence they might have. Those who attended the meeting later reportedly revealed plans to attempt to sway U.S. financial policy. With the campaign season heating up and crypto policy becoming a bigger issue in Washington, the Trump family's ties to the memecoin are likely to face continued scrutiny. Originally published on Latin Times
CNBC
3 days ago
- Business
- CNBC
Donald Trump Jr. distances himself from $TRUMP meme coin: 'I wasn't involved'
Donald Trump Jr. is distancing himself from his father's meme coin — while defending the family's broader foray into crypto as a response to being frozen out of the traditional banking system. "I wasn't involved in the meme coin," Trump Jr. said in an interview on CNBC's "Squawk Box." "I'm more focused on the stablecoin, the bitcoin mining." Meme coins are a class of cryptocurrency fueled by social media buzz and celebrity hype rather than real-world utility. They often skyrocket in value before crashing just as quickly — a pattern that's drawn concern from regulators, particularly when high-profile figures are involved. President Donald Trump's $TRUMP token, 80% of which is controlled by the Trump Organization and affiliated entities, has become the centerpiece of the family's expanding crypto empire. Trump Jr. noted that the token was launched before his father returned to office. The coin went live three days before the Inauguration, eventually soaring to a $15 billion market cap before erasing most of those gains. Still, the project creators get a fee for every trade. Between January and the end of April, more than $324 million in trading fees were routed to wallets tied to the project's creators, according to Chainalysis. The token's code automatically directs a cut of each transaction to these addresses, allowing the team to profit from ongoing activity. The blockchain analytics firm said it stopped tracking the president's meme token in early May, citing a need to refocus resources on paying clients. The Trump family's deepening involvement in crypto has drawn widespread criticism — including concerns that a sitting president with ties to tokens could create new avenues for influence peddling or foreign capital flows. Trump Jr. didn't dispute the potential for abuse but framed blockchain anonymity as a mitigating factor. "You don't know who's actually doing any of these things," he said. "It's hard to influence if you don't actually know where this stuff's coming from." In January, Tron blockchain founder Justin Sun upped his stake in World Liberty Financial's WLFI tokens to $75 million. A court filing the following month showed that Sun and the Securities and Exchange Commission were exploring a resolution to the regulator's civil fraud case against the crypto entrepreneur. Sun later purchased the president's meme token, winning a contest for top holders, and raising his stake in Trump family-tied tokens to at least $97 million. Trump Jr. emphasized that the family's broader embrace of crypto was not a vanity move, but a response to being debanked after his father's political rise. He said he and his brother saw crypto as a more equitable system — one that could protect even well-established players like themselves from arbitrary exclusion. "I could call any single banker in New York City," he said. "They'd pick up the phone, I'd be able to get a loan for whatever real estate project I was doing across the street. Then we got into politics, and all of a sudden they wouldn't take your call. You couldn't get financing. We were debanked." That shift, he said, pushed the Trumps to explore decentralized alternatives "out of necessity." That philosophy, he added, now underpins the family's stablecoin initiative USD1, launched through World Liberty Finance. The token claims to be fully backed by U.S. Treasurys and aims to serve as a compliant dollar-pegged asset. Trump Jr. argued that stablecoins like USD1 could support U.S. financial dominance, not threaten it: "They're literally some of the biggest buyers of U.S. Treasurys in the world, replacing a lot of the countries that would have been traditionally doing that," he said, referencing crypto firms like Tether, which controls nearly 70% of the global stablecoin market. At nearly $120 billion in U.S. government debt on its books, according to its latest self-attestation, Tether now ranks among the top 20 holders of U.S. Treasurys — ahead of countries like Germany and the UAE. "Stablecoins could be the savior of U.S. currency," he said.
Yahoo
29-05-2025
- Business
- Yahoo
Donald Trump Jr. Reveals How Getting 'De-Banked,' 'De-Insured' Led Him And Eric Trump To 'Orange Pill' Their Father On Crypto
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Donald Trump Jr., the eldest son of U.S. President Donald Trump, disclosed how he and his brother, Eric Trump, influenced their father's views on Bitcoin (CRYPTO: BTC) and cryptocurrency. What Happened: Speaking at the Bitcoin 2025 conference in Las Vegas on Tuesday, Trump Jr. revealed that the Trump family's experience with widespread de-banking during Trump's first presidential term led them to explore blockchain technology. 'We were real estate guys, we were hard assets, we built buildings — [bitcoin] was a bit nebulous,' Trump Jr. said. 'But once we got into that political were getting de-banked, we were getting de-insured, we were getting de-everything. It was brutal.' Trending: — no wallets, just price speculation and free paper trading to practice different being asked by Rumble CEO Chris Pavlovski during the conference, 'Did you Orange-Pill your dad?', Trump Jr. replied. that he and Eric '..did some of that'. He explained how both of them were instrumental in helping their father—who had once called Bitcoin a scam—recognize the potential of cryptocurrency and blockchain technology. 'We probably, maybe got there a little bit before him. Once we started explaining the potential, he's a quick study ... he got there pretty quickly,' Trump Jr. said. Trump Jr. also mentioned his father's commitment to the democratization of finance, stating that it is a fundamental goal of the Trump It Matters: Trump Jr.'s revelation comes after he announced that the Trump Organization is 'seriously long' on Bitcoin following the Trump Media & Technology Group's (NASDAQ:DJT) decision to raise $2.5 billion to invest in the leading cryptocurrency. This shift in the Trump family's stance on Bitcoin is a significant development in the cryptocurrency space. Trump's return to office has sparked renewed efforts to advance crypto legislation and shift away from the 'regulation-by-enforcement' approach. President Trump's crypto and AI advisor, David Sacks, revealed that the path to acquiring Bitcoin for the strategic reserve is ready and it's just a matter of getting the relevant executive departments 'excited.' Meanwhile, the Trump family's crypto projects, such as the Official TRUMP memecoin (CRYPTO: TRUMP) and World Liberty Financial, have faced criticism for a lack of transparency and potential conflicts of interest. Economist Peter Schiff criticized the President's recent exclusive dinner with holders of his meme coin, stating that it should be 'illegal' for a U.S. president to charge people to dine with him. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image via ShutterstockSend To MSN: Send to MSN This article Donald Trump Jr. Reveals How Getting 'De-Banked,' 'De-Insured' Led Him And Eric Trump To 'Orange Pill' Their Father On Crypto originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Which ex-US president could be banned from Trump Jr.'s exclusive new D.C. club?
The famed comedian Groucho Marx once quipped that he'd never want to belong to a club that would have him as a member. That might not be a problem for a former U.S. president — and his ex-staffers — as Donald Trump Jr. gets ready to open a hyper-exclusive new club in Washington, D.C.'s already hyper-exclusive Georgetown neighborhood. President Donald Trump's oldest son is set to open the club, dubbed Executive Branch, next month, with a membership price of $500,000. Some insiders have reportedly offered $1 million to join the club, CNBC reported. So who's never going to get past the velvet rope at the new venue that, according to The New York Times, is tucked behind Georgetown Park via a set of stairs next to the mall's parking garage? That'd be former President George W. Bush and nearly everyone who ever worked for him, The Daily Mail reported. A bit of background: The club was founded by Trump Jr.; crypto czar David Sacks; Zach and Alex Witkoff; the sons of Trump's Middle East envoy, Omeed Malik, who leads 1789 Capital, and Chris Buskirk, who cofounded the conservative donor group Rockbridge Network. But Bush-era Republicans should save their money, Sacks indicated on his podcast last month. There's a new sheriff in town, after all. 'To the extent there are Republican clubs, they tend to be more Bush-era Republicans as opposed to Trump-era Republicans,' he said. 'So we wanted to create something new, hipper and Trump-aligned.' An insider familiar with the club's plans told CNBC that prospective Executive Branch members must be heavily vetted and approved by its founders. 'We don't want members of the media or just a lot of lobbyists joining,' the source said. 'We want people to feel comfortable having conversations in privacy.' That might not be much of an issue for the nation's 43rd chief executive, who, if his Instagram account is any indication, is living a full enough post-White House life. In any case, Bush said in a 2021 interview that 'so much of our politics has become a naked appeal to anger, fear, and resentment.' And that alone might be enough to keep out of Trump Jr.'s orbit. Not to mention the well-documented history of bad blood between the two presidential families. SCOTUS rejects Mass. student's challenge to school's 'two genders' T-shirt ban Latest Donald Trump approval ratings: New poll finds changes Mass. Sen. Markey, Rep. Neal call on feds to keep Springfield Small Biz Admin office open A 'historic battle': Mass pols protest Medicaid cuts in 'Big Beautiful Bill' | John L. Micek Trump administration orders pause on scheduling student visa applicant interviews Read the original article on MassLive.
