Money, Wealth & Power—A Daily Look at the Financial World
Alt5 Sigma’s role in Donald Trump’s crypto ambitions is colliding with a more traditional force: the rules that govern public markets. A fresh gap in the company’s regulatory filings has raised new questions about whether the Trump-linked crypto platform is keeping pace with the Securities and Exchange Commission’s expectations for transparency. The emerging pattern around…
The U.S. Treasury has opened a high-stakes inquiry into whether Minnesota tax dollars were siphoned off through welfare fraud and routed toward the terrorist group Al-Shabaab, turning a long-running state scandal into a national security story. At the center of that escalation is Treasury Secretary Scott Bessent, who has ordered a federal review of allegations…
Nancy Pelosi’s increasingly tense exchanges with CNN over stock trading have crystallized a long‑simmering question in Washington: should members of Congress be allowed to buy and sell individual shares while they write the laws that move markets. The clash has unfolded against a backdrop of bipartisan bills, viral trading trackers, and seven‑figure bets that have…
Donald Trump has long blurred the line between political fundraising and personal business, turning campaign activity into a steady customer for his own properties. The question now is not whether money from his political committees reaches his companies, but how systematically that flow is structured and how transparent it really is to the donors footing…
A federal judge has ordered President Donald Trump and his attorney Alina Habba to pay nearly $1 million in sanctions after concluding that their sweeping lawsuit against Hillary Clinton and a long list of other defendants was built on political grievances rather than viable legal claims. The penalty marks one of the most severe courtroom…
West Virginia’s Jim Justice has agreed to resolve more than 5 million dollars in overdue federal taxes tied to his family’s coal empire, a deal that pulls one of the state’s most powerful political figures into sharper financial focus. The settlement caps a long-running dispute over unpaid obligations while raising fresh questions about how the…
Minnesota’s decision to freeze welfare payments tied to a sprawling tax fraud case has fused two of the most combustible issues in American politics: public assistance and national security. State officials say they are confronting a scheme that diverted an estimated $1.7 billion in tax refunds, some of which investigators now link to a foreign terrorist…
The Internal Revenue Service’s decision to haul a sitting Republican senator into court over a multimillion dollar tax bill has now ended in a costly surrender, but not a clean slate. Sen. Jim Justice of West Virginia has agreed to pay roughly $5 million to resolve a long running dispute over his personal taxes, turning…
The federal judiciary has delivered a sharp rebuke to President Donald Trump’s litigation tactics, leaving in place nearly $1 million in sanctions tied to his failed conspiracy lawsuit against Hillary Clinton. By upholding the penalty, an appeals court signaled that courts will not indulge sprawling political grievances dressed up as legal claims, even when they…
The era of casual crypto tax reporting in the United States is ending as the IRS moves to treat digital assets more like traditional securities and less like a niche side bet. Beginning with 2025 filings, taxpayers who trade, hold, or spend tokens will face tougher disclosure rules, closer scrutiny, and fewer gray areas about…