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Trump Launches New Cryptocurrency Amidst Re-Election Campaign—-On Monday, Former United States President Donald Trump and his associates introduced a new cryptocurrency venture, World Liberty Financial, during a live event on X Spaces.

The former president, who has recently shifted from being a cryptocurrency skeptic to a proponent, provided scant details about the business, including its formation, financing, and services.

In the live discussion, Trump also touched on a second alleged assassination attempt against him that occurred on Sunday.

Despite his past criticisms of cryptocurrencies, Trump has now embraced the digital asset space as part of his re-election strategy.

He has promised to establish the U.S. as the “crypto capital of the planet,” with proposals for light regulation and a national bitcoin stockpile.

Trump’s sons, Eric and Donald Jr., have been actively promoting World Liberty Financial, claiming it will revolutionize digital asset finance, though specifics remain vague.

The timing of the launch, close to the November 5 Election Day, suggests a strategic move to attract support from digital asset advocates and their financial contributions.

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Trump To End Birthright Citizenship, Plans Mass Deportations

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Birthright Citizenship

Trump To End Birthright Citizenship, Plans Mass Deportations—-During his first term, Trump attempted to dismantle the Deferred Action for Childhood Arrivals programme, which provides deportation relief to this group, but was blocked by the Supreme Court.

Donald Trump has vowed to end the US Birthright Citizenship and panned mass deportations from day one in office.

In an interview aired Sunday on NBC’s Meet the Press, Trump detailed his vision for a broad crackdown on illegal immigration, which he intends to classify as a national emergency upon taking office on January 20.

According to Reuters, the Department of Homeland Security estimates that as of January 2022, over 11 million people are in the US without legal status, a figure likely higher today.

Trump affirmed his intention to remove all unauthorized immigrants, stating, “I think you have to do it. It’s a very tough thing to do. You know, you have rules, regulations, laws.”

While emphasising enforcement, Trump signaled willingness to negotiate protections for “Dreamers,” immigrants brought to the US illegally as children.

During his first term, Trump attempted to dismantle the Deferred Action for Childhood Arrivals programme, which provides deportation relief to this group, but was blocked by the Supreme Court.

Trump also plans to issue an executive order to end birthright citizenship on his first day in office.

The policy, which grants citizenship to anyone born on US soil regardless of their parents’ immigration status, is rooted in the 14th Amendment of the Constitution and reinforced by an 1898 Supreme Court decision.

“We’ll maybe have to go back to the people,” he said.

Trump acknowledged potential legal challenges to his proposal and suggested that achieving this goal might require a constitutional amendment.

The implementation of these measures would demand substantial financial resources.

The American Immigration Council estimates the cost of deporting all unauthorized immigrants at $88 billion annually. Trump’s team, including incoming border czar Tom Homan, has called on Congress to provide significant funding increases to support immigration enforcement efforts.

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Alleged Nigerian Scammer ‘Bobo Chicago’ In FBI Nets Over $2.8m Fraud Case

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Bobo Chicago

Alleged Nigerian ScammerBobo Chicago’ In FBI Nets Over $2.8m Fraud Case—-The Federal Bureau of Investigation (FBI) has taken 25-year-old Oliyomi Bumbata, also known as “Bobo Chicago,” into custody over allegations of orchestrating fraud schemes that defrauded individuals and businesses of a total of $2.8 million.

According to a report by SaharaReporters, Bumbata was arrested on November 20 in Chicago, Illinois, following an arrest warrant issued in Oklahoma. The warrant was based on an investigation into multiple criminal complaints surrounding his activities.

Authorities allege that Bobo Chicago initially operated in the Nigerian community within the Houston metropolitan area before relocating to Chicago. He was subsequently extradited to Oklahoma, where he faces five charges, including wire fraud, conspiracy to commit wire fraud, money laundering, conspiracy to commit money laundering, and illegal monetary transactions.

These alleged crimes reportedly occurred between June and October 2023.

Investigators have linked $2.8 million in fraudulent transactions to Bumbata, who is accused of hacking into accounts belonging to companies and individuals in Oklahoma’s Eastern District. They also allege he transferred over $300,000 to a well-known liquor store, implicating the business’s owner in the process.

Bumbata’s alleged co-conspirator has also been detained, though further details about their involvement have not been disclosed.

U.S. District Court Judge Beth Jantz in Illinois has approved Bumbata’s transfer to Oklahoma to face the charges. He has been assigned a public defender after claiming he cannot afford legal representation, suggesting he may opt to accept a plea deal rather than contest the charges.

This arrest is part of the FBI’s broader crackdown on fraud schemes involving high-profile individuals, particularly within the Nigerian community. Many have already been convicted and are serving prison sentences for similar offenses, highlighting the agency’s efforts to tackle financial crimes targeting U.S. businesses.

(SAHARAREPORTERS)

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