President-elect Trump’s new cryptocurrency, “$TRUMP,” has rapidly increased in value, potentially making him one of the world’s richest individuals. The token, marketed through the Trump Organization affiliate CIC Digital LLC, launched at $10 and quickly reached $70, with the Trump Organization retaining 80% ownership. Despite disclaimers stating the token is non-political, concerns exist regarding ethical conflicts of interest given its connection to Trump’s presidency and the potential for leveraging his office for personal profit. The rapid increase in value and Trump’s prior pro-crypto campaign rhetoric raise significant questions about the propriety of this venture.
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Rapper Snoop Dogg’s performance at a pro-Trump “Crypto Ball” sparked significant backlash from fans. This follows Snoop’s previous criticisms of Trump, including a music video depicting him shooting a Trump-like clown and a song titled “Make America Crip Again.” The event, which cost attendees between $2,500 and $5,000, celebrated Trump as the “first crypto president,” despite his past criticisms of cryptocurrency. Snoop’s apparent shift in allegiance has prompted widespread condemnation online, with many accusing him of prioritizing financial gain over his prior political stances.
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A new bipartisan bill banning TikTok in the U.S. unless sold to a U.S. owner went into effect, leading to the app’s immediate suspension and removal from app stores. President-elect Trump initially suggested a 90-day extension, a proposition opposed by several senators who emphasized the law’s strict requirements for any extension. While Trump later clarified his desire to bring TikTok back online, Representative Mike Johnson affirmed the administration’s intention to enforce the law, requiring a sale to a U.S. entity to ensure national security. This legal requirement necessitates a divestiture of ByteDance’s ownership to comply with the ban.
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Post-2024 election polling reveals significant shifts in both the Democratic and Republican parties. A majority of Democrats believe their party needs major changes, a sentiment amplified by record-low party favorability ratings. Conversely, Republican support for Donald Trump is now viewed as central to Republican identity. Widespread political discontent is prevalent across the political spectrum, with most Americans expressing frustration and disappointment. Finally, diverging views exist on whether each party is helping the right people, highlighting a key area of public concern.
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Following a federal ban, TikTok experienced a brief outage in the U.S. President-elect Trump intervened, issuing an executive order to temporarily suspend the ban and allow time for a sale to a U.S. entity. This action provided assurance to service providers, enabling TikTok to restore service. Despite the resumption of functionality, the app remained unavailable for download on app stores. The ban stemmed from national security concerns related to TikTok’s Chinese ownership, but Trump’s intervention aimed to find a solution before the law’s permanent prohibitions took effect.
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The panel featured speakers who asserted that voting Democrat is biblically unjustifiable and framed transgender issues as a primary Democratic policy goal, despite this issue affecting a small population. This focus on cultural issues, rather than addressing economic concerns like inflation, serves to distract from a reactionary agenda prioritizing deregulation and wealth redistribution upward. The conference revealed a lack of concrete plans to help working-class Americans, instead emphasizing union-busting and reducing government regulation. Ultimately, the MAGA movement’s economic priorities appear to benefit the wealthy at the expense of the average citizen.
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Despite significant legislative achievements, President Biden’s reelection bid faltered due to widespread concerns about his age and perceived physical decline. A weak debate performance solidified these concerns, leading to pressure from within the Democratic party for him to withdraw. This ultimately paved the way for Donald Trump’s narrow victory, leaving Biden’s legacy in question despite his policy successes. Many analysts attribute Biden’s defeat to a confluence of factors, including age, inflation, and lingering effects of the Trump presidency. Ultimately, Biden’s decision to seek a second term is considered by some to be a critical factor in Trump’s return to power.
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Thousands participated in the annual People’s March in Washington D.C., protesting President Trump’s inauguration. While smaller than previous years, the march brought together diverse groups united against “Trumpism,” advocating for issues including women’s rights, climate change, and immigration. Motivations among attendees ranged from anger and sadness over the political climate to a desire to protect abortion access. The march, a continuation of the resistance movement that began after the 2016 election, coincided with Trump’s arrival in the capital for his own inaugural events. A small counter-protest of Trump supporters was also present.
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John Q. Hosedrinker