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(Second column, 6th story, link)
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The top executive of the crypto exchange Coinbase scuttled a planned Senate committee vote on a major cryptocurrency bill after voicing his concerns, a sign of the company's clout.
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Trump's immigration enforcement surge continues to rock Minnesota, just a week after the ICE shooting of Renee Good, a mother of three and U.S. citizen in Minneapolis. The Minnesota Star Tribune reports that the number of federal agents now in Minneapolis and Saint Paul outstrips the 10 largest Twin Cities metro police departments combined. "We don't want ICE in our neighborhoods. They are violent, they are creating chaos and terrorizing our immigrant neighbors, and they are not keeping anyone safe," says vice president of the Saint Paul City Council, Hwa Jeong Kim, who comments on the city's new lawsuit against the Trump administration, the loss of temporary protected status for thousands of Somali immigrants in the United States, plans for a general strike in Minneapolis and more.
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Ventures launched by the Trump family since Donald Trump's reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are "increasingly integrating their business empire" into the wider U.S. economy, says David Uberti, who has been reporting on the family's self-enrichment for The Wall Street Journal. The coupling of Trump's economic and political influence is raising major questions about conflicts of interest. "You have all of these different business interests in different areas in which the government regulates," and this "proximity to power may help along some of these deals and the valuations at which they're made."
We look at the Trumps' cryptocurrency venture World Liberty Financial and the Trump Organization's planned $6 billion merger with a firm hoping to build a nuclear fusion plant to power AI data centers with Uberti, who says such "very speculative, highly risky corners of financial markets" are key to the family's investment strategy.
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