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    Trumps Promote American Bitcoin, a New Crypto Mining Venture

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    The debut of American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., has heightened the ethical concerns swirling around the Trump presidency.On a Wall Street conference call in April, Eric Trump made a pitch for the newest venture in his family’s rapidly expanding cryptocurrency empire.Mr. Trump, the president’s second son, said he was joining forces with the crypto firm Hut 8 to start a company focused on Bitcoin mining, the business of running energy-guzzling machines to generate new coins.Bitcoin mining is a notoriously difficult industry. But in the pitch, Mr. Trump made clear that the policies of his father’s administration would give the new company, American Bitcoin, a “competitive advantage.”“We’re doing it in America with a government that’s dedicated to low-cost energy,” he said, later adding, “We’ve got the best energy policy in this country. That policy is only getting better.”Virtually every aspect of the Trump family’s business portfolio is fraught with conflicts of interest that have blurred the boundary between government and industry. The debut of American Bitcoin, which is set to merge with a publicly traded company later this year, has heightened those concerns, introducing new ethical questions and pulling the Trumps even deeper into crypto, a business the White House has aggressively championed.President Trump is already financially intertwined with two other crypto ventures — a so-called meme coin created by a longtime business partner, and a separate company, World Liberty Financial, that he and his sons founded before the election. At the same time, he has ended a yearslong enforcement campaign against crypto companies by the Securities and Exchange Commission and vowed to sign legislation that would advance the industry’s priorities.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Is Trump Unveiling a Crypto Wallet? His Associates Say Yes. His Sons Say No.

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      The back-and-forth over a potential Trump cryptocurrency wallet on Tuesday exposed rifts among the family’s web of digital currency ventures.A flashy new website drew a surge of attention on Tuesday afternoon, purporting to announce the latest cryptocurrency venture backed by President Trump.The developers of Mr. Trump’s memecoin, the website said, were working with a company called Magic Eden to launch “the Official $TRUMP Wallet” — a trading app for customers to buy and sell digital currencies.But the announcement soon triggered a backlash from an unexpected source: Mr. Trump’s sons.Donald Trump Jr. wrote on X that the Trump family business had no connection to the new crypto product. His brother Eric Trump said he knew “nothing about” it. And in a rare social media post, Barron Trump, the youngest Trump son, said that “our family has zero involvement.”The sons’ reaction to the announcement appeared to expose a rift in Mr. Trump’s ever-expanding network of crypto ventures, a complex web of businesses run by various family members and associates who now appear to be competing against each other.On one side is Bill Zanker, a longtime Trump business partner and the architect of the president’s memecoin, a type of cryptocurrency usually based on an online joke, which Mr. Trump began promoting shortly before his inauguration in January. On the other are Mr. Trump’s sons, who helped found World Liberty Financial, a separate crypto business that markets its own digital currency, which has generated $550 million in sales.In a series of text messages to The New York Times, Eric Trump escalated the dispute on Tuesday, saying the Trump family would legally challenge the creation of the “Official $TRUMP Wallet” — even though it was being promoted on social media by an account linked to Mr. Zanker.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Pardoned Tax Cheat After Mother Attended $1 Million Dinner

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      Paul Walczak’s pardon application cited his mother’s support for the president, including raising millions of dollars and a connection to a plot to publicize a Biden family diary.As Paul Walczak awaited sentencing early this year, his best hope for avoiding prison time rested with the newly inaugurated president.Mr. Walczak, a former nursing home executive who had pleaded guilty to tax crimes days after the 2024 election, submitted a pardon application to President Trump around Inauguration Day. The application focused not solely on Mr. Walczak’s offenses but also on the political activity of his mother, Elizabeth Fago.Ms. Fago had raised millions of dollars for Mr. Trump’s campaigns and those of other Republicans, the application said. It also highlighted her connections to an effort to sabotage Joseph R. Biden Jr.’s 2020 campaign by publicizing the addiction diary of his daughter Ashley Biden — an episode that drew law enforcement scrutiny.Mr. Walczak’s pardon application argued that his criminal prosecution was motivated more by his mother’s efforts for Mr. Trump than by his admitted use of money earmarked for employees’ taxes to fund an extravagant lifestyle.Still, weeks went by and no pardon was forthcoming, even as Mr. Trump issued clemency grants to hundreds of other allies.Then, Ms. Fago was invited to a $1-million-per-person fund-raising dinner last month that promised face-to-face access to Mr. Trump at his private Mar-a-Lago club in Palm Beach, Fla.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump-Kushner Hotel Project in Serbia Hits a Snag: Alleged Forgery

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      Serbian authorities say an official admitted to forging a document allowing a protected site in Belgrade to be demolished and replaced with a Trump hotel.The Trump family’s $500 million luxury hotel project in Serbia, slated to be built on the site of a bombed-out Defense Ministry building, has run into an embarrassing complication. A key document the Serbian government has relied on to deliver this deal was forged, officials there said this week.Jared Kushner, President Trump’s son-in-law, and his business partners plan to build a luxury residential and commercial complex on the site of the long-vacant compound that is slated to include a Trump International Hotel, the first in Europe.The leader of the Serbian agency charged with protecting cultural monuments admitted to the authorities that he had forged a government document allowing the former Yugoslav Ministry of Defense headquarters in Belgrade to be demolished and replaced with the Trump hotel.The project won tentative approval from the Serbian government last year, even before the government officially moved to revoke the protected historic status of the former Defense Ministry complex, which was heavily damaged during a 1999 bombing campaign by the North Atlantic Treaty Organization.Serbian government officials say that the agency leader, Goran Vasic, fabricated an expert opinion to justify the government’s decision to strip the site of its cultural heritage status.“Vasic forged a proposal for a decision to revoke the status of cultural property,” the Office of the Prosecutor for Organized Crime said in a statement.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Picks Kimberly Guilfoyle, His Son’s Fiancée, as Ambassador to Greece

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      The announcement came as Donald Trump Jr. has been seen with the socialite Bettina Anderson in Florida.It was an announcement made amid a swirl of tabloid speculation: Kimberly Guilfoyle, a loyalist of President-elect Donald J. Trump and — more pointedly — the fiancée of his son Donald Jr. had been named ambassador to Greece.The timing of the move — early Tuesday evening — would have been unremarkable except for what preceded it: rumors that the president-elect’s eldest son was dating a socialite, Bettina Anderson.The new relationship was seemingly documented in a series of photos published earlier on Tuesday by the British tabloid The Daily Mail, which described them as “incontrovertible proof the soon-to-be First Son has moved on” with a “stunning ‘it girl.’”Andrew Surabian, a spokesman for Mr. Trump, 46, did not return a request for comment on his relationship with Ms. Anderson, or on his engagement with Ms. Guilfoyle, to whom he has been betrothed since late 2020. Ms. Anderson, 38, also did not return requests for comment.In his announcement of her posting to Greece, the president-elect called Ms. Guilfoyle “a close friend and ally,” but made no mention of her relationship with his son.“Her extensive experience and leadership in law, media, and politics along with her sharp intellect make her supremely qualified to represent the United States,” the elder Mr. Trump wrote, in a post on Truth Social.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Donald Trump Jr. Joining a Venture Capital Firm

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      The firm, 1789 Capital, invests in products and companies aimed at conservative audiences.The eldest son of President-elect Donald J. Trump will not be a member of his father’s administration — he is joining a venture capital firm.Donald Trump Jr. told a crowd of a few hundred donors on Sunday that he was joining 1789 Capital, a firm whose investments include Tucker Carlson’s media company. Mr. Trump was speaking at a conference held by the Rockbridge Network, a network, co-founded by Vice President-elect JD Vance, of tech-friendly Republican donors who are supportive of Mr. Trump.Chris Buskirk, the leader of Rockbridge, asked the younger Mr. Trump on Sunday evening if he had plans to join his father’s administration. He responded that he would be joining as a partner at 1789 Capital, according to two people with knowledge of his remarks.The firm focuses on investing in companies and products popular with conservative audiences. Its other partners and backers, in addition to Mr. Buskirk, include the investor Omeed Malik, along with Rebekah Mercer, a prominent Republican donor, both of whom were at Rockbridge’s event in Las Vegas this week.Mr. Buskirk was interviewing Mr. Trump as part of a fireside chat at the fall meeting of the Rockbridge group — the session was titled “Inaugurating the Next American Golden Age.”Mr. Trump has a business background as a longtime real estate executive at the Trump Organization. He has recently also displayed an interest in the crypto industry, and he has emerged as a liaison between his father and the tech community. He also was an investor in PublicSquare, an online marketplace for conservatives.Mr. Trump will most likely still play some role in his father’s political operation. He has said he wants to make sure that his father is surrounded by true loyalists during his second administration. More

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      JD Vance to Appear With Tucker Carlson, Who Amplified False Holocaust Claims

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      Not long ago, candidates running for national office spent much of the general election distancing themselves from the fringes of their parties.But on Saturday, Senator JD Vance of Ohio will share a stage with someone on the fringes of his.Mr. Vance, the Republican vice-presidential nominee, is scheduled to appear in Hershey, Pa., as the special guest of the “Tucker Carlson Live” show, just weeks after Mr. Carlson, the former Fox News anchor, praised and aired the views of Darryl Cooper, who falsely claimed that the Holocaust was not an intentional act of genocide.Mr. Carlson described Mr. Cooper as “the best and most honest popular historian in the United States.” In Mr. Carlson’s interview with him, which was posted on social media this month, Mr. Cooper falsely claimed that the Nazis’ systematic killing of European Jews was an accident of history carried out by a German military overwhelmed with prisoners of war — not an act of premeditated genocide. In fact, the Nazis’ killing of almost six million Jews was meticulously planned and documented.Mr. Cooper also called Winston Churchill, the British prime minister, “the chief villain of the Second World War” for declaring war on Germany after the Nazis invaded Poland.Mr. Carlson’s promotion of Mr. Cooper drew criticism from the Biden White House and from some conservatives.A Vance campaign spokesman said this month that Mr. Vance did not share the views of Mr. Cooper but “doesn’t believe in guilt-by-association cancel culture.”Mr. Vance has defended his decision to keep his interview with Mr. Carlson, saying that Republicans believe in free speech and debate. “Tucker Carlson is not affiliated with the campaign, so I don’t think what Tucker Carlson does is a distraction or is not,” Mr. Vance said this month. “He’s going to do what he wants to do, and we can disagree or agree with the viewpoints.”Tickets for the events ranged from $35 for upper-level seats to $1,600 for a “V.I.P. Meet and Greet Experience” that included access to a reception with Mr. Vance, a photo with Mr. Carlson and a seat in the first five rows.Mr. Carlson is in the midst of his first live tour, a national, monthlong run of shows with some of the most well-known and controversial figures in conservative politics. His guests have included Charlie Kirk, the founder of Turning Point Action, and media personalities such as Glenn Beck and Dan Bongino.Later this month, Mr. Carlson will be joined by Alex Jones, a conspiracy theorist who has been ordered to pay over $1.4 billion in defamation damages to the families of the victims of the mass shooting at Sandy Hook Elementary School in 2012; Representative Marjorie Taylor Greene of Georgia; and Donald Trump Jr., the former president’s eldest child and the host of the podcast “Triggered.” More

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      After a Bruising Debate, Trump Is Warmly Embraced in Lower Manhattan

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      This is a tale about two sides of the same street.A little after 10 a.m. on Sept. 11, way down on the tip of Lower Manhattan, a Chevrolet Suburban was pulling into the firehouse at 42 South St., which belongs to Engine Company 4, Ladder 15.The men of 4-15 look after Wall Street; the massive emblem hanging inside their firehouse depicts the statue of the Charging Bull, wreathed in flame. On this day, they wore their best class A suits, all crisp navy and patent leather, and crowded around the Chevy. A door opened and out stepped former President Donald J. Trump. The firefighters lined up to shake his hand, to give him a pat on the back.Mr. Trump made the rounds. “Hey, fellas, I didn’t see you over there,” he said, turning to shake the hand of one particularly awe-struck firefighter. “Mr. President,” said the firefighter, “great job last night.”Mr. Trump thanked him, paused and then added, “We had three-on-one.”He was talking about his televised debate, the night before, with Vice President Kamala Harris. To Mr. Trump, his opponents also seemed to include the two moderators from ABC News, who he said treated him unfairly.“There was three-on-one,” he repeated.What was that tone in his voice? Not quite ashamed, or embarrassed, exactly, or even sullen — but resigned, perhaps. Resigned to the fact that he had been bested by Ms. Harris. She had called him a “disgrace” to his face, several times, with more than 60 million people watching. She had hit him where it hurt, taunting him about the people who leave his rallies early. Perhaps what was most devastating was the fact that it all seemed to work — he had taken her bait, allowed himself to get knocked off course, and now even his friends on Fox News seemed to think he got played for a sucker.But inside the firehouse, he was still a champion.“They were going at you,” the firefighter chuckled. “You did a great job, though.” He stuck out his hand for another shake. Mr. Trump took it again, and thanked him again.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More