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News18
3 hours ago
- Politics
- News18
Eric Trump Hints At Possible White House Run After Father's Term US News Today News18
US President Donald Trump's son, Eric Trump, has hinted that he or another Trump family member could seek the presidency once his father's second term ends. In a recent interview with the Financial Times, the 41-year-old Trump Organization executive said a political path would be 'an easy one' for him, though he remains undecided about entering public life.'The real question is: 'Do you want to drag other members of your family into it? Would I want my kids to live the same experience over the last decade that I've lived? Eric said, citing the toll of nearly a decade of public scrutiny and legal the answer was yes, I think I could do it. And I think other members of our family could do it too.'STORIES YOU MAY LIKEWife kills husband with lover's help over illicit affair in KarnatakaAnti-Ageing Pills Under Lens in Shefali Jariwala's Cardiac ArrestShefali Jariwala's last X post was for her dost and ex-boyfriend Sidharth ShuklaUnlike his siblings, Donald Jr and Ivanka Trump, both of whom have taken on prominent political roles. Eric has largely stayed behind the scenes, focusing on the Trump family's business empire. Yet, his recent comments suggest that he has been quietly observing the political landscape and weighing the also voiced frustration with the current political class, claiming he could 'do the job very effectively,' and expressed disdain for many elected he remains cautious about the personal cost: 'Do you want to subject the people you love to the brutality of this system?'With rising Republican figures like Vice President JD Vance and Secretary of State Marco Rubio gaining momentum, speculation continues about what a post-Trump GOP might look asked if 2024 would be the final election with Trump on the ballot, Eric simply replied: 'Time will tell. But there's more people than just me.'Addressing allegations that the Trump family enriched itself through politics, Eric pushed back, claiming the presidency came at a high cost. 'If there's one family that hasn't profited off politics, it's the Trump family,' he said, arguing the opportunity costs and legal expenses have been 'astronomical.' He estimated the family has spent nearly USD 500 million defending itself against various this, Donald Trump's wealth has surged, at least on paper. His stake in Trump Media & Technology Group is reportedly worth about USD 2 billion, and he earned USD 630 million last year from ventures including crypto, real estate branding, and Trump values the Trump Organization between USD 8 billion and USD 12 billion, but says the price of political life goes beyond business: 'The toll it's taken on our family has been immense.'While Eric stopped short of announcing any political ambitions, his remarks reignited speculation that the Trump dynasty is far from finished with American politics. Whether it's him, Donald Jr, Ivanka, or someone else, the family remains a powerful force in the GOP, and the next chapter may just be beginning. News18 Mobile App -
India Today
a day ago
- Politics
- India Today
Eric Trump hints at possible White House run after father's term
US President Donald Trump's son, Eric Trump, has hinted that he or another Trump family member could seek the presidency once his father's second term ends. In a recent interview with the Financial Times, the 41-year-old Trump Organization executive said a political path would be 'an easy one' for him, though he remains undecided about entering public life.'The real question is: 'Do you want to drag other members of your family into it? Would I want my kids to live the same experience over the last decade that I've lived? Eric said, citing the toll of nearly a decade of public scrutiny and legal the answer was yes, I think I could do it. And I think other members of our family could do it too.' Unlike his siblings, Donald Jr and Ivanka Trump, both of whom have taken on prominent political roles. Eric has largely stayed behind the scenes, focusing on the Trump family's business empire. Yet, his recent comments suggest that he has been quietly observing the political landscape and weighing the also voiced frustration with the current political class, claiming he could 'do the job very effectively,' and expressed disdain for many elected he remains cautious about the personal cost: 'Do you want to subject the people you love to the brutality of this system?'With rising Republican figures like Vice President JD Vance and Secretary of State Marco Rubio gaining momentum, speculation continues about what a post-Trump GOP might look asked if 2024 would be the final election with Trump on the ballot, Eric simply replied: 'Time will tell. But there's more people than just me.'Addressing allegations that the Trump family enriched itself through politics, Eric pushed back, claiming the presidency came at a high cost. 'If there's one family that hasn't profited off politics, it's the Trump family,' he said, arguing the opportunity costs and legal expenses have been 'astronomical.' He estimated the family has spent nearly USD 500 million defending itself against various this, Donald Trump's wealth has surged, at least on paper. His stake in Trump Media & Technology Group is reportedly worth about USD 2 billion, and he earned USD 630 million last year from ventures including crypto, real estate branding, and Trump values the Trump Organization between USD 8 billion and USD 12 billion, but says the price of political life goes beyond business: 'The toll it's taken on our family has been immense.'While Eric stopped short of announcing any political ambitions, his remarks reignited speculation that the Trump dynasty is far from finished with American politics. Whether it's him, Donald Jr, Ivanka, or someone else, the family remains a powerful force in the GOP, and the next chapter may just be beginning.- EndsMust Watch
Politico
2 days ago
- Business
- Politico
‘Forest fire': Corporate America's bitcoin buying spree fuels concern
Corporate America is finally embracing bitcoin. That has even some cryptocurrency boosters nervous. In the latest sign of how President Donald Trump's election has changed the perception of the digital assets industry, dozens of companies have begun pouring billions of dollars into bitcoin, creating so-called crypto treasuries. The emerging trend was underscored recently when Trump's own social media company, Trump Media & Technology Group, unveiled plans to raise and spend about $2.5 billion on bitcoin. The gambit of selling stock and debt to buy bitcoin is helping to turbocharge the companies' shares as crypto prices soar. Yet critics warn that hoovering up digital assets could backfire whenever the volatile crypto markets take a turn for the worse. And some fear that the rush of corporate investors presents a risk to crypto itself that could feed into any panic during the market's next selloff. 'It's a lot of kindling being built up,' said Nic Carter, founding partner at Castle Island Ventures, a crypto-focused investment firm. 'There's going to be a forest fire, and it's going to be catastrophic.' Washington is beginning to take notice. Sen. Jeff Merkley, an Oregon Democrat who has criticized Trump's enthusiasm for the upstart industry, raised concern about companies 'investing in crypto despite its financial risks and potential for corruption,' in a statement to POLITICO. A former Wall Street regulator, who was granted anonymity to speak candidly, said the rise of corporate crypto treasuries — particularly those that are being built up through debt — could be 'the instigator of the next crypto crash.' And Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, warned that the fallout from any future crypto crisis could reach beyond digital assets. 'When crypto crashed in 2022, the shock stayed mostly inside the crypto bubble, so our broader economy kept humming,' Warren said in a statement. 'If businesses start piling crypto onto their balance sheets, the next bust won't be so contained, and it could trigger layoffs and business failures in multiple sectors.' Still, the crypto market is riding high five months after Trump took office and kicked off his campaign to make the U.S. the 'undisputed bitcoin superpower' and the 'crypto capital of the world.' Trump's financial regulators have pulled back from an enforcement crackdown on the industry. The White House and Republican lawmakers have made crypto legislation a priority. And investors are latching onto anything tied to the roaring industry. Bitcoin recently notched an all-time high of nearly $112,000. More than 60 publicly listed companies around the world had bitcoin treasury operations that collectively owned more than 673,000 bitcoins — valued at more than $75 billion — as of the end of May, according to Standard Chartered. Among them is Trump Media, which announced late last month that it was selling about $1.5 billion worth of stock and another $1 billion in debt to buy bitcoin. CEO Devin Nunes said at the time that bitcoin is 'an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.' A spokesperson for Trump Media did not respond to a request for comment. 'Everybody wants it as a balance-sheet item,' Eric Trump, the president's second son who has become a leading voice for the family business, said at a recent bitcoin conference. 'Everybody wants it, no one wants to get rid of it, and it's incredibly powerful. I think you're going to see the value skyrocket.' But the concern over companies bingeing on bitcoin is underscoring an uncomfortable truth about the 17-year-old market. While crypto may be the object of intrigue from investors and policymakers, it remains a risky asset class known for wild price swings — the next batch of which could leave an even broader array of mom-and-pop investors facing steep losses. 'The crypto industry is just prone to everyone being overly optimistic during the booms and then coming to regret it during the bust,' said Omid Malekan, an adjunct professor at Columbia University who teaches courses on blockchain technology and crypto. Pioneered by billionaire Michael Saylor's Strategy, a software company-turned-bitcoin giant, corporate crypto treasuries have amassed a growing following. Other companies that have jumped into the craze include former Japanese hotel company Metaplanet, the Trump-backed bitcoin firm American Bitcoin and a string of new ventures that are being set up to buy and hold bitcoin. Some have expanded into holding other tokens. 'It's the institutionalization of crypto adoption,' said Ravi Doshi, global co-head of markets at crypto financial services firm FalconX. 'You have more and more individuals buying crypto assets every day. But now, you're going to also see institutions do the same. … Companies have for years had U.S. Treasuries sitting on their balance sheets and now, they're like, 'You know what, actually bitcoin deserves a spot, [too].'' Wall Street has generally celebrated crypto-treasury companies with higher stock prices. The proliferation of such entities, proponents say, is offering investors greater access to the crypto markets. Those include bond fund managers who can only dabble in debt products and individual investors whose brokerages don't allow them to trade crypto-linked investment products. Companies are also able to cheaply raise cash through the stock and debt markets that can then be used to buy more bitcoin, effectively allowing them to multiply their returns on investment, Doshi said. Yet, whether investors will keep rewarding crypto-treasury companies is unclear. Currently, many of those stocks are trading at premiums relative to the value of their underlying bitcoin holdings. But critics like Jim Chanos, the long-time hedge fund manager who is best known for his bet against Enron before the company's spectacular collapse in the early 2000s, warn that those levels are unsustainable and bound to plunge should crypto start selling off. 'They call it the flywheel concept. I call it a financial perpetual motion machine,' said Chanos, who has been betting against Strategy's stock. He added that because the companies are not doing anything distinct for their businesses, they risk being 'competed away.' 'This is going to be self-defeating,' he said. Castle Island Ventures' Carter said the use of debt by companies to buy bitcoin for their treasuries is particularly worrisome. That's because whenever the market drops, they may need to start dumping the crypto, fueling the decline. For Christy Goldsmith Romero, who recently stepped down as a commissioner at the Commodity Futures Trading Commission, companies need to make sure they are managing their finances appropriately. If not, she said, there is 'certainly a risk' that those with crypto treasuries will wind up strapped for cash during a downturn in the market and be forced to sell their bitcoin. But some crypto-treasury companies aren't fretting. In an interview, Twenty One Capital CEO Jack Mallers, whose newly formed bitcoin treasury company is backed by crypto giant Tether and recently struck a deal to go public on Wall Street, said if others wind up over their skis and are forced to sell bitcoin, they'll be there 'with smiles and dollars to buy it all up.' 'You don't buy scarce, desirable property and then get rid of it,' Mallers said. 'Leverage is only a problem when you exceed your means. Borrowing capital, taking out a loan — that's actually how society has been financed.'
Ammon
22-06-2025
- Politics
- Ammon
Truth Social Crashes as Trump Live-Posts Iran Bombing
Ammon News - Truth Social malfunctioned on Saturday night amid President Donald Trump's announcement that the United States had bombed Iran's nuclear facilities. Starting around 8 pm ET on Saturday, attempts to load the social network, which is owned by Trump Media & Technology Group (TMTG), displayed error messages. 'Network failed,' a message on Truth Social reads. 'Please try again.' Trump's initial Truth Social announcement that the United States had entered Israel's war against Iran posted at 7:46 pm ET, stating that the US had waged a 'very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan.' Trump's account on the social media platform X posted a screenshot of the bombing announcement at 7:53 pm ET. Wired
Time of India
22-06-2025
- Politics
- Time of India
Trump's Truth Social goes offline after US strikes on Iran's nuclear sites
Truth Social inaccessible following Trump's Iran announcement Live Events President Donald Trump's social media account on Truth Social was inaccessible early Sunday, June 22, following confirmation that the United States had launched airstrikes on Iran's nuclear facilities. Users attempting to view Trump's official account, @realDonaldTrump, were met with a 'Not found' message displayed on the page read: 'Not found – This resource could not be found,' without further clarification. As of publication time, no official statement has been issued by Trump Media & Technology Group, which owns and operates Truth Social, regarding the read: Trump bombs nuclear facilities, US starts a new war hours after claims of playing global peacemaker and wi The development occurred hours after Trump announced on Truth Social that US forces had conducted 'a very successful attack' on Iran's Fordow, Natanz, and Isfahan nuclear sites. The message included a claim that 'Fordow is gone,' following the deployment of B-2 across multiple regions reported either difficulty accessing the platform or being unable to load Trump's account. No federal cybersecurity agencies or Truth Social administrators have issued explanations regarding the cause of the remains unverified whether the account unavailability was due to technical issues, server load, platform moderation, or an external factor. As of June 22, 2025, the Truth Social website remains online for some users, though intermittent issues persist, particularly in accessing @ confirmation has been provided regarding the platform's operational status or whether Trump's post was removed or hidden.
