'We've never seen anything like this': Trump family amasses $5 billion in crypto

Crypto Venture & Financial Implications - The Trump family's crypto venture has reportedly generated $5 billion in paper wealth [1][2] - Concerns exist regarding potential conflicts of interest, as the federal government is crafting cryptocurrency regulations while the Trump family profits from this venture [2] - The former CEO of Binance, which supports the venture's stable coin, is facing legal issues, raising further concerns [2] - A potential crypto crisis could lead to a financial crisis, potentially requiring a bailout using taxpayer money [2] Tariffs & Market Impact - The market is reacting to a court ruling against President Trump's tariffs, with concerns about the impact on US debt and interest payments [2] - The bond markets suggest that the estimated $4 trillion in revenue from tariffs is crucial for managing US debt [2] - The potential invalidation of tariffs could lead to importers seeking refunds, creating a complex legal and administrative challenge [6] - The tariffs are expected to raise $3 trillion over the next decade [7] - Retailers like Walmart, Target, and Dollar General may benefit from the removal of tariffs [3][4]