Trump Family’s $5B Crypto Token Launch on Binance, Coinbase Sparks Ethics Concerns

A divided Fifth Circuit panel has blocked the Trump administration's use of the 1798 Alien Enemies Act to deport alleged Venezuelan gang members across Texas, Louisiana and Mississippi. In a 2-1 decision, the court found no evidence of an 'invasion or predatory incursion' by Tren de Aragua, marking a sharp legal rebuke and teeing up a potential Supreme Court showdown.

President Trump announced in the Oval Office that "we're going in" with National Guard troops to Chicago, stopping short of dates or numbers. Illinois Gov. J.B. Pritzker slammed the plan as "absurd" and vowed to fight any deployment in court, while a federal judge has already struck down a similar force posture in Los Angeles under the Posse Comitatus Act.

Supreme Court review of Trump's emergency tariffs could unleash over $500 billion in refund obligations—and U.S. Treasury auctions are already showing signs of stress. Weak demand at recent note sales and rising yields suggest markets may buckle under the sudden need for massive unplanned borrowing.

The Trump family's WLFI token launched on major exchanges this week with a $5 billion valuation. President Trump holds about $3.4 billion in WLFI, and the family controls nearly 25% of its 100 billion-token supply. Critics warn that the administration's rollback of crypto oversight risks a blatant conflict of interest—while the White House insists it is simply fostering innovation.