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    Trump Was Already a Crypto Czar in 2024

    Financial disclosures for 2024 filed by the president on Friday show that digital coins had already become one of his family’s most successful ventures.Donald J. Trump got a small taste last year of life as a cryptocurrency mogul. His stake in World Liberty Financial, the cryptocurrency firm that he unveiled during the presidential campaign, earned about $57 million, making it one of the Trump family’s most lucrative investments in 2024. And a licensing deal involving a related industry, NFT collectibles, produced another $1.2 million.Mr. Trump’s wife, Melania, contributed to the family income, receiving $217,000 in licensing fees related to a digital token.The results, detailed in Mr. Trump’s mandatory financial disclosure report for 2024 and released on Friday, previewed the crypto riches he is now poised to reap as president.Since Mr. Trump took office a second time this year, his crypto fortunes have skyrocketed through a series of business ventures that pose unprecedented conflicts of interest. Not only is Mr. Trump a major operator in the crypto industry, he is also its top policymaker — and a symbol of its rising stature in Washington.Even as the president seeks to deregulate and promote the industry, Mr. Trump’s personal net worth has soared through crypto.Though the information in the financial disclosure ends as of Dec. 31, 2024, World Liberty announced this year that it had sold more than a half-billion dollars’ worth of its coin, a significant portion of which the Trump family was entitled to. Separately, Mr. Trump developed a personal cryptocurrency known as $TRUMP, a memecoin launched days before his inauguration, that on paper could be worth billions of dollars.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.

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

    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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    Eric Trump Said Adams Treated the Trump Family Company Well

    Eric Trump, a son of the president and the top family executive at the Trump Organization, which manages the family’s New York City office buildings, said Mayor Eric Adams of New York had always treated the family company well.His remarks came in a radio interview last week in which he discussed the criminal case against Mr. Adams and the debate over whether the criminal charges against him might be dropped or he would be pardoned by President Trump.“This guy just never, never got in the way,” Eric Trump said in a radio interview last week, referring to Mr. Adams. “He never tried to throw our company out in New York. He was always supportive of everything that we did. And I can appreciate that.”Instead, Eric Trump said in the interview with Sid Rosenberg, on Sid and Friends in the Morning on WABC, that Mr. Adams had been unfairly targeted by the Justice Department because he challenged the Biden administration on immigration issues. Eric Trump did not provide evidence to back up the assertion.“No one believes that they’re indicting somebody over getting an upgraded ticket on Turkish Airways,” Eric Trump said, referring incorrectly to Turkish Airlines. Mr. Adams is accused of receiving thousands of dollars’ worth of travel benefits over several years, including upgrades on Turkish Airlines. “And I can also appreciate somebody that had the guts to go against the Washington, D.C., machine.”Eric Trump participated in the meeting that President Trump had last month at Mar-a-Lago with Mr. Adams. The mayor said after the meeting that the criminal case was not discussed, but people briefed on the meeting said Mr. Trump did speak generally about what he described as the “weaponized” Justice Department. More

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    Republicans Float Lara Trump to Fill Rubio’s Senate Seat

    Senator Rick Scott, the Florida Republican who has presented himself as a champion of the MAGA right wing in the run-up to President-elect Donald J. Trump’s second term, threw his support behind Lara Trump, the president-elect’s daughter-in-law, to replace his colleague Senator Marco Rubio.“Lara Trump would be a GREAT Senator and represent Floridians well,” Mr. Scott, who lost his bid to serve as majority leader this week, wrote on social media on Thursday.Mr. Trump tapped Mr. Rubio on Wednesday to serve as his secretary of state, and, if confirmed, Mr. Rubio will have to step down from his Senate seat. Gov. Ron DeSantis, Republican of Florida — who suffered a humiliating defeat to Mr. Trump in the party’s presidential primary race this year — has the power to appoint a replacement for Mr. Rubio until 2026, when a special election would be held for the final two years of Mr. Rubio’s term.Ms. Trump, the co-chair of the Republican National Committee, said in an interview on Fox Business on Thursday that she had not spoken to Mr. DeSantis about appointing a replacement, but she nodded to support she had received from other Republican lawmakers, including Senator Katie Britt of Alabama and Representative Anna Paulina Luna of Florida. “If this were something that I’m asked to do,” she said, “I would seriously consider it.”“I don’t think you’ll find a person who is more in line with Donald Trump’s America-first values and policies than me,” Ms. Trump said.Ms. Trump, who is married to Mr. Trump’s middle son, Eric Trump, was one of two handpicked allies of the president-elect — along with Michael Whatley — to lead a takeover of the Republican National Committee this year, gutting the party apparatus and remaking it in their image.Ms. Trump also served as a surrogate for her father-in-law on the campaign trail this year, repeating his lies that the 2020 election had been stolen from him and raising the specter of Democrats’ cheating in 2024. More

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    Trump Is Greeted by a Single Fan as Manhattan Trial Resumes

    On a day off from court, Donald J. Trump on Wednesday flew to Michigan and Wisconsin for campaign rallies in front of thousands of supporters. On Thursday, he returned to a Lower Manhattan courthouse, where a single supporter stood outside waving a Trump 2024 flag.“I don’t feel lonely because my heart is with Trump,” said the flag-holder, Lily Qi, 62, of Wilmington, Del., as she stood in the park across from the New York City Criminal Court.She had ridden a train to New York City and is staying with friends, saying that she could not afford a hotel room on her office-cleaner salary. Born and raised in China, Ms. Qi said she had attended a dozen Trump rallies.At around 9 a.m. on Thursday, she stood alone at Collect Pond Park but was soon joined by two demonstrators in T-shirts featuring a cartoon of Mr. Trump in jail. They are “troublemakers,” she said.One of the protesters, Barrett Cobb, carried a sign that read “Jail Trump.”“I’m extremely upset they haven’t put him in jail yet,” said Ms. Cobb, a classical musician who lives in Manhattan.Since the start of the hush-money trial, Mr. Trump has complained that his supporters have not been allowed closer to the steps of the courthouse. The police have erected barricades around the courthouse for security.On Tuesday, Mr. Trump arrived there with his son Eric Trump, the first family member to attend the trial in person. More

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    Los negocios de la familia Trump se enfocan en el golf, con ayuda de Arabia Saudita

    Golfistas aficionados hicieron fila el jueves en el hotel Trump National Doral cerca de Miami, tras acceder a pagar más de 9000 dólares por persona para jugar una ronda amistosa con algunos de los profesionales más importantes del mundo.Las habitaciones en el centro turístico se llenarán de fanáticos el viernes cuando inicie un torneo profesional en el que participarán los nombres más reconocidos del deporte. Los restaurantes y bares del complejo atraerán más clientes y el nombre Trump se repetirá por todo el mundo en la televisión y el internet.Detrás de este auge comercial en una de las propiedades de Donald Trump se encuentra el trato que el expresidente cerró para que sus recintos fueran sede de los torneos de LIV Golf, la liga emergente patrocinada por el fondo soberano de riqueza de Arabia Saudita.El entusiasmo de LIV por pagar para que Trump sea anfitrión de sus torneos en sus complejos vacacionales es solo un ejemplo más de los vínculos entre los sauditas y la familia Trump incluso ahora que busca ocupar la presidencia de nuevo, un acuerdo que sigue generando conflictos de una índole y escala únicas para Trump.Los jugadores practicaron el miércoles en vísperas de la primera ronda del torneo.Scott McIntyre para The New York TimesWe 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 Real Estate Deal in Oman Underscores Ethics Concerns

    On a remote site at the edge of the Gulf of Oman, thousands of migrant laborers from Bangladesh, India and Pakistan are at work in 103-degree heat, toiling in shifts from dawn until nightfall to build a new city, a multibillion-dollar project backed by Oman’s oil-rich government that has an unusual partner: former President Donald J. Trump.Mr. Trump’s name is plastered on signs at the entrance of the project and in the lobby of the InterContinental Hotel in Muscat, the nearby capital of Oman, where a team of sales agents is invoking Mr. Trump’s name to help sell luxury villas at prices of up to $13 million, mostly targeting superrich buyers from around the world, including from Russia, Iran and India.Mr. Trump has been selling his name to global real estate developers for more than a decade. But the Oman deal has taken his financial stake in one of the world’s most strategically important and volatile regions to a new level, underscoring how his business and his politics intersect as he runs for president again amid intensifying legal and ethical troubles.Interviews and an examination by The New York Times of hundreds of pages of financial documents associated with the Oman project show that this partnership is unlike any other international deal Mr. Trump and his family have signed.The venture puts Mr. Trump in business with the government of Oman, an ally of the United States with which Mr. Trump and his son-in-law, Jared Kushner, cultivated ties while in office and which plays a vital diplomatic role in a volatile region. The Omani government is providing the land for the development, is investing heavily in the infrastructure to support it and will get a cut of the profits in the long run.Mr. Trump was brought into the deal by a Saudi real estate firm, Dar Al Arkan, which is closely intertwined with the Saudi government. While in office, Mr. Trump developed a tight relationship with Saudi leaders. Since leaving office, he has worked with Saudi Arabia’s sovereign wealth fund to host the LIV golf tour and Mr. Kushner received a $2 billion infusion from the Saudi fund for his investment venture.Mr. Trump’s company, the Trump Organization, has already brought in at least $5 million from the Oman deal. Under its terms, Trump Organization will not put up any money for the development, but will help design a Trump-branded hotel, golf course and golf club and will be paid to manage them for up to 30 years, among other revenue.The project could also draw scrutiny in the West for its treatment of its migrant workers, who during the first phase of construction are living in compounds of cramped trailers in a desertlike setting and are being paid as little as $340 a month, according to one of the engineers supervising the work.Former President Donald J. Trump’s name is plastered on giant signs at the entrance of the project and in the lobby of the InterContinental Hotel in Muscat, the capital.Andrea DiCenzo for The New York TimesA saleswoman at the Oman showroom of the $4 billion Aida project, which will include a Trump hotel, villas and golf course.Andrea DiCenzo for The New York TimesLuxury villas at the golf course are priced at up to $13 million.Andrea DiCenzo for The New York TimesMr. Trump’s business ties in the Middle East have already been under intense scrutiny. Federal prosecutors who brought criminal charges against him in the case stemming from his mishandling of classified documents issued subpoenas for information about his foreign deals and the agreements with the Saudi-backed LIV Golf tour.During his presidency, Mr. Trump’s family business profited directly from money spent at his Washington hotel by foreign governments including Saudi Arabia, just one example of what ethics experts cited as real or perceived conflicts of interest during his administration. His stake in the project in Oman as he runs for president again only focuses more attention on whether and how his own financial interests could influence foreign policy were he to return to the White House.“This is as blatant as it comes,” said Virginia Canter, the chief ethics counsel to Citizens for Responsibility and Ethics in Washington, a nonprofit group that has investigated Mr. Trump’s foreign deals. “How and when is he going to sell out U.S. interests? That is the question this creates. It is the kind of corruption our founding fathers most worried about.”Not ‘the Hamptons of the Middle East’In February, Eric Trump, the former president’s son who is overseeing the project for Trump Organization while also playing a role in his father’s re-election campaign, traveled to Oman to visit the cliff-side site where the golf course will soon be built. He met with executives from Dar Al Arkan, the Saudi firm, as well as top government officials from Oman who control the land.“It’s like the Hamptons of the Middle East,” Eric Trump said in an interview, declining to address other questions about the project.Oman is ruled by a sultan, who plays a sensitive role in the Middle East, as Oman maintains close ties with Saudi Arabia and its allies, but also with Iran.Andrea DiCenzo for The New York TimesPortraits of the current and former sultan of Oman in the lobby of a hotel in Muscat.Andrea DiCenzo for The New York TimesTaxi drivers wait for passengers in Muscat. Oman is pursuing rapid development under a national strategy to bolster growth and diversify away from oil and gas.Andrea DiCenzo for The New York TimesOman, in fact, is nothing like the Hamptons. It is a Muslim nation and absolute monarchy, ruled by a sultan, who plays a sensitive role in the Middle East: Oman maintains close ties with Saudi Arabia and its allies, but also with Iran, with which it has considerable trade.As a result, Oman has often served as an interlocutor for the West with Iran, including in the lead-up to the 2015 agreement the Obama administration and other Western governments negotiated with Iran to slow its move to build nuclear weapons, a deal Mr. Trump later abandoned. In recent months, Oman has hosted indirect talks to try to ease tensions between Iran and the United States.Oman is also a buyer of weapons from the United States, including Lockheed Martin’s F-16 fighter jets and a Raytheon-manufactured missile system that it agreed to purchase last year. Mr. Trump, while at the White House, had sent Mr. Kushner to Oman in 2019 to meet with Sultan Qaboos bin Said, then the nation’s monarch, to discuss the Arab-Israeli dispute. More