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Inside Trump's South Bronx rally

Trump is holding a rally tomorrow in South Bronx, a New York neighborhood that's 64% Hispanic and 31% Black.

Why it matters: It'll be a test of how much support (or curiosity) he will be able to gin up in a nonwhite, working-class community.

  • It will be his first large-scale campaign rally in New York since 2016.

Between the lines: The New York Young Republican Club has been working with predominantly Hispanic members of the Bodega Association and the National Supermarket Association.

  • The two associations' members have been putting up some 5,000 double-sided bilingual flyers up on storefronts along their usual restocking routes and on street corners.
  • The New York Young Republican Club has also been advertising the event on electronic billboards in the Bronx in both English and Spanish.

The other side: "He's hosting a rally to try to con people. ... It is truly an embarrassment to him," Rep. Alexandria Ocasio-Cortez (D-N.Y.) said.

  • Bronx Democrats are counterprogramming Trump's rally with a demonstration of their own at the other end of Crotona Park, the New York Post reported.
  • In 2020, Biden won the Bronx with 83.3% of the vote.

By the numbers: 10,000 people had signed up to attend the rally, a person involved in organizing the event said this week.

  • The Trump campaign has filed a permit for 3,500 people.

The bottom line: "I certainly think it's novel and it's historic," New York Young Republican Club President Gavin Wax told Axios in an interview.

Read more

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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👀 Haley blinks first

Former UN Ambassador Nikki Haley's remarks yesterday that she would vote for former President Trump in November was the first public move by either of them to thaw their frosty relationship.

  • Why it matters: Haley and Trump have been in a staring contest since she exited the race in March, Axios' Alex Thompson, Sophia Cai and Erin Doherty report.

She pointedly didn't endorse him. And he didn't reach out to her, with his campaign insisting the party is already unified.

  • Haley's half-endorsement could help Trump court her voters. He has struggled to get them on board in recent GOP primaries — even after she suspended her presidential campaign.

Keep reading ... Watch Haley's remarks.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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For the Women Who Accused the Trump Campaign of Harassment, It’s Been More Harassment

Nearly eight years ago, convinced that she’d been treated unfairly, Jessica Denson sued Donald Trump’s campaign for workplace harassment.

https://www.propublica.org/article/trump-campaign-harassment-bullying-lawsuits?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Trump's reinforcements

Former President Trump is getting major help for his campaign ahead of closing arguments next week in his historic criminal trial.

  • Why it matters: Gov. Ron DeSantis is helping with big donor fundraising, while former UN ambassador Nikki Haley has moved to mend the primary's deepest rift by saying she'll vote for him over President Biden.

DeSantis spent this morning raising $3 million to support Trump's campaign, AP reports.

  • DeSantis is supporting Right for America, a super PAC that competes with Trump's main super PAC, AP reports. The arrangement will reportedly court donors who want to back Trump but don't want their cash going to his legal bills.
  • "This is where I want you to focus," Trump said in a call to the group today where he blessed the strategy, per AP.

Zoom in: Haley came off the fence last night by calling Biden a "catastrophe" and announcing she'll vote for Trump.

  • Earlier this year, Haley said: "Many of the same politicians who now publicly embrace Trump privately dread him. They know what a disaster he's been and will continue to be for our party. They're just too afraid to say it out loud."

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Trump's tech hero
A Trump fundraiser invitation
 

Image: Obtained by Axios

 

Sen. J.D. Vance (R-Ohio), a top possible VP pick for former President Trump, has spent the past six months lobbying some of the heaviest hitters in Silicon Valley to back Trump, Republican sources tell Dan Primack and me.

  • Vance's crown jewel is a fundraising dinner with Trump in San Francisco on June 6, led by tech investors David Sacks and Chamath Palihapitiya, co-hosts of the hot "All-In" podcast. Tickets start at $50,000.

Why it matters: Biden has outraised Trump, but Trump is showing signs of closing the gap. Many business interests are aligning with Trump, despite the unpredictability — and possible radical change — his election would bring.

🖼️ The big picture: Frustration with "Biden, Democrats and the state of the world has increasingly driven some of tech's most prominent venture capitalists to the right," The New York Times reported yesterday.

  • "I have — I'd say at this point — bigger disagreements with Biden than with Trump," Sacks told Primack last week at our dealmaker summit, Axios BFD: San Francisco.

Reality check: The vast majority of Silicon Valley money is still with Biden and the Democrats. But taxes are a huge issue for the tech world.

  • Trump cut taxes when he was in office. Biden hasn't raised taxes on the rich, but keeps saying he wants to.

The backstory: Vance has long been close to Peter Thiel, a billionaire tech pioneer. But Vance also has built close relationships with other big Silicon Valley players.

  • Vance introduced Sacks to his friend Donald Trump Jr. The three met in Washington after a dinner with Republican lawmakers on March 6 at the Conrad hotel.
  • Sacks told Axios: "J.D. has been instrumental in making the Trump event happen." The Trump campaign said Vance has been working for the past few months to lock in the fundraiser.

👀 What we're watching: The "All-In" co-hosts hope Trump will go on the podcast.

  • An offer for a fundraiser — ostensibly tied to a podcast appearance — was also made to Biden, Sacks told Primack at BFD.

🔮 What's next: Sources close to Vance say he's courting several other big names in tech to endorse Trump over the next few months. Vance is also considering organizing events for Trump in L.A., Chicago and Miami.

  • Earlier this month, Trump attended a Vance-organized fundraiser in Cincinnati. The event more than doubled its $2 million goal, bringing in $4.5 million.

Go deeper: Gift link (no paywall) to N.Y. Times, "Some of Silicon Valley's Most Prominent Investors Are Turning Against Biden."

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🍎 Trump woos the Bronx

Former President Trump's rally in the South Bronx last night drew a very different crowd than most MAGA events, Axios' Sophia Cai reports.

  • Why it matters: The unusual sight of Trump speaking to several thousand people in a predominantly Hispanic neighborhood in deep blue New York is a sign of the realignment between the two parties.

Trump's GOP is becoming more working class and a little more multiracial.

  • Democrats are gaining with better-educated voters in the suburbs.

During a break in his trial, Trump made a New York-focused pitch to construction workers, security guards, nurses, barbers — as well as some out-of-state activists — assembled outdoors at Crotona Park.

  • "New Yorkers have something called common sense ... and old fashioned common sense is exactly what I plan to bring back to the White House," Trump said.
  • "We are going to make life in New York affordable again," Trump declared after talking extensively about his role building the Wollman Skating Rink in Central Park and a Bronx golf course.

🚇 Another promise: "We are going to renovate New York's subway system so it no longer looks like it hasn't been cleaned since 1932."

ps:Crotona Park is right next to Herman Ridder PS 98, where I went to Jr High. We used to go out the back door to the park to play softball. My family used to visit this Park when my brother and I were little!!

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🏛️ Scoop: Trump 2025 blitz
mail?url=https%3A%2F%2Fimages.axios.com%
Trump-branded shoes for sale at the North Carolina GOP convention in Greensboro, N.C., yesterday. Photo: Chuck Burton/AP

Donald Trump's allies have made several early moves to start clearing the way for an ambitious, rapid-fire start should the former president succeed in ousting President Biden.

  • The latest: Russell Vought — who was Trump's OMB director and is a key player in transition preparations — urged Senate Republicans in a closed-door lunch to delay this year's government funding fight to 2025, Axios' Stef Kight and Hans Nichols report.

👀 Why it matters: Punting funding would maximize options to shape the government in a potential second Trump administration

Zoom in: Vought spoke at a GOP lunch this week, attended by Majority Leader Mitch McConnell, Whip John Thune, Chair Mike Lee and several conservative senators.

  • He gave an overview of preparations underway to act fast on Trump campaign promises — and urged senators to pass a long-term continuing resolution to push the funding fight to February or March.

Read on.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🔎 Trump's new policy wonks
Illustration of a large black, felt-tip permanent marker poised above a stack of paper.
 

Illustration: Shoshana Gordon/Axios

 

Donald Trump now has the most detailed policy platform of his political career, and it's largely the work of two people you've never heard of, Axios' Sophia Cai writes.

  • The big picture: Trump campaign speechwriters Vince Haley and Ross Worthington are the masterminds behind most of Trump's policy statements. The two worked under Stephen Miller in the Trump White House and former House Speaker Newt Gingrich's 2012 presidential campaign.

📝 Zoom in: Haley and Worthington write the first drafts of scripts Trump uses to record policy videos, as well as the text on how a second Trump administration would handle issues from education to energy and immigration.

  • Haley and Worthington co-managed the speechwriting shop in the White House for four years.
  • Though they have next to no public presence, they are known to be very chatty on the campaign's daily internal comms call.
  • While Miller isn't technically on the campaign, his relationship with his former subordinates and his direct line to Trump allow him to maintain a consequential role in shaping a potential Trump second term.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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June debate spoiler
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Illustration of three podiums on a background that turns from blue to red, the middle podium is smaller and has a spotlight on it.
 

Illustration: Aïda Amer/Axios

 

Robert F. Kennedy Jr. has a shot to make the June presidential debate, playing spoiler to the Biden and Trump campaigns that want a 1-1 match-up.

Why it matters: Kennedy would be the first independent presidential candidate to make the debate stage in 32 years — just the third in presidential debate history.

  • The qualifying terms: Get on enough state ballots to add up to 270 electoral votes, and hit 15% in four quality national polls.

The big picture: Kennedy's timeline has been blown up by Biden and Trump's decisions to skip the traditional fall debates, which had a qualifying deadline in September.

  • Ross Perot, the last independent presidential candidate to make the debate stage, didn't qualify for the ballot in all 50 states until Sept. 18, 1992, per CNN.

Zoom in: Kennedy appears to have met the polling requirement in three polls. He has until June 20 to qualify in a fourth.

  • Five states (35 electoral votes) confirmed to ABC News that Kennedy had qualified for the ballot — Delaware, Hawaii, Michigan, Oklahoma and Utah.
  • The Kennedy campaign says it's at 201 eligible electoral votes. It claims it has submitted signatures for ballot access in seven states (139 electoral votes) with enough signatures for eight other states.

The intrigue: Kennedy is at the mercy of the signature verification process of individual states.

  • Signature collection isn't due in many states until late summer, per Ballot Access News, so there's no way to know how long verification could take.
  • Kennedy campaign director Amaryllis Fox wrote that enforcing a 270 electoral college threshold before September is "nonsensical."
  • "Nonetheless ... we are in a position to meet their criteria."

What to watch: Kennedy's robust ballot access mission has gotten a boost from the strong financial support of his running mate, Nicole Shanahan.

  • Shanahan has given $10 million to their campaign and $4 million to a super PAC supporting his campaign.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Libertarians block Trump

A mix of boos and jeers greeted Trump when he spoke to the Libertarian Party's national convention in D.C. yesterday, as he urged delegates to "nominate me or at least vote for me."

  • That bid came to an end today after the party's chair determined Trump as ineligible, Axios' Donica Phifer reports.

Go deeper.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🗳️ RFK gets closer to debate slot
Illustration of three podiums on a background that turns from blue to red, the middle podium is smaller and has a spotlight on it.
 

Illustration: Aïda Amer/Axios

 

Robert F. Kennedy Jr. has a shot to make the June presidential debate, playing spoiler to the Biden and Trump campaigns that want a 1-1 match-up.

  • Why it matters: Kennedy would be the first independent presidential candidate to make the debate stage in 32 years — just the third in presidential debate history, Axios' Erin Doherty reports.

🎯 The qualifying terms: Get on enough state ballots to add up to 270 electoral votes, and hit 15% in four quality national polls.

  • Kennedy appears to have met the polling requirement in three polls. He has until June 20 to qualify in a fourth.
  • Five states (35 electoral votes) confirmed to ABC News that Kennedy had qualified for the ballot — Delaware, Hawaii, Michigan, Oklahoma and Utah.
  • The Kennedy campaign says it's at 201 eligible electoral votes. It claims it has submitted signatures for ballot access in seven states (139 electoral votes) with enough signatures for eight other states.

Reality check: What matters is what each state's top election official decides.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Despite announcement, RFK Jr. is not yet on the presidential ballot in Florida

Robert F. Kennedy Jr. said Friday that he’ll be on the presidential ballot in Florida in November as the nominee of the Reform Party, but the party itself is not recognized by the state’s Division of Elections.

https://floridaphoenix.com/2024/05/24/despite-announcement-rfk-jr-is-not-yet-on-the-presidential-ballot-in-florida/?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🗳️ Biden's nomination really loses its suspense

The Democratic National Committee plans to conduct one of its convention's signature moments — when each state announces its nominee for president — weeks before its convention in Chicago in mid-August.

Why it matters: The DNC's unusual step to have a "virtual roll call" is a response to the political uncertainty created by an Ohio deadline (Aug. 7) for when a candidate's name needs to be submitted for that state's ballot.

  • As a practical matter, the early roll call will make Biden his party's formal nominee weeks before Democrats gather in person for their convention on Aug. 19.
  • As a political matter, it's unlikely to change Democrats' plan to nominate Biden for a rematch against former President Trump in November.
  • But symbolically, it will turn one of the convention's most memorable traditions into an empty ritual.

Driving the news: Ohio Republicans couldn't guarantee they'd resolve the ballot issue before the state's GOP-controlled legislature leaves for the summer.

  • Today, Democrats moved to avoid the uncertainty by nominating Biden before Aug. 7 — but didn't specify when.

Read more

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🗳️ Biden's new strategy to win Black voters

President Biden is kicking off an effort to regain ground among Black voters with a visit to Philadelphia today — including a rally at a majority-Black school, with Vice President Harris by his side, Axios' Hans Nichols writes.

  • Why it matters: Polling shows a lack of enthusiasm for Biden among Black voters. A recent New York Times/Sienna survey put Biden at 69%–18% over Trump with Black voters.

Flashback: Biden ran up even bigger margins — 92%–8% — with Black voters as part of his winning coalition against former President Trump in 2020.

Biden's new plan will include Black student organizations, community groups, churches and surrogates.

💰 First on Axios: Addressing the roots of Black economic inequality has the potential to unlock as much as $1 trillion per year in domestic U.S. economic growth, Axios' Javier David writes from a new study by the Black Economic Alliance Foundation. Keep reading.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Biden-Harris hit Philly

  • President Biden and Vice President Kamala Harris appeared before supporters today in Philadelphia, where they launched a nationwide campaign aimed at courting Black voters.
  • More than 90% of Black voters supported Biden in 2020, but polls indicate Trump is gaining support among them — threatening Biden's re-election.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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⚖️ Biden's new dilemma
mail?url=https%3A%2F%2Fimages.axios.com%
Justice Juan Merchan instructs the jury yesterday. Courtroom sketch: Jane Rosenberg via Reuters

Regardless of whether Donald Trump becomes a convicted felon, the Biden campaign sees its challenge as defining Trump-as-a-potential-president — and selling voters on the threats it says he poses, Axios' Hans Nichols writes.

  • Why it matters: A guilty verdict in Trump's New York hush-money trial would be unprecedented in presidential history. But even President Biden's team isn't sure it would matter come November.

Despite everything — weeks of embarrassing trial headlines for Trump, Biden's big swing state push and his onslaught of ads — the race appears to be stuck, with Trump holding a slight lead in most polls.

  • Asked before the trial whether Trump did something illegal, some 46% of voters agreed. After closing statements, it was still 46%, CNN's Harry Enten points out.

🔭 What we're watching: Inside the Biden campaign, annoyance with the media's coverage of Trump's trial is bubbling up.

  • "The President just spoke to approx 1,000 mostly black voters in Philly about the massive stakes in this election," T.J. Ducklo, a senior adviser for communications for the Biden-Harris campaign, posted yesterday.
  • "@MSNBC @CNN & others did not show it. Instead, more coverage about a trial that impacts one person: Trump."
  • "Then they'll ask, why isn't your message getting out?"

Keep reading.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🤑 Trump courts crypto
Photo illustration of Donald Trump hugging a golden crypto coin.
 

Photo illustration: Aïda Amer/Axios. Photo: Al Drago/Bloomberg via Getty Images

 

Former President Trump is all-in on crypto now — a surprise to anyone who has followed the industry's political fortunes, Axios' Brady Dale writes.

  • Why it matters: The cryptocurrency industry — which may not have that many people, but has lots of money — has never been more politically organized.

"Our country must be the leader in the field. There is no second place," Trump, who once said he was "not a fan" of crypto, wrote on Truth Social this week.

  • The former president invited people who bought Trump NFTs to Mar-a-Lago, where he committed to easing crypto regulations if elected.
  • Then at the Libertarian Party's national convention last week, he vowed to free Ross Ulbricht, who's serving prison time for creating the Silk Road — a Dark Web marketplace that had a Bitcoin-based payment system.

🎨 The big picture: There's been a sudden crypto thaw in Congress. Leaders on both sides of the aisle appear to be following Trump's lead in wooing the industry.

  • The Biden administration has been seen as primarily hostile to crypto.

Keep reading ...

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Presidential race

 

The Biden campaign is calibrating a more aggressive strategy to reach American voters as former President Donald Trump's historic hush money trial nears its end. President Joe Biden slammed his presumptive 2024 opponent at a Philadelphia rally on Wednesday and reaffirmed that he would appoint progressives to the Supreme Court if elected to a second term. In an explicit warning about the stakes of the upcoming election, Biden suggested that he expects vacancies on the high court over the next four years because some of the nine justices have entered their seventies. Meanwhile, speculation is rising that Trump may select a running mate off the public's radar, despite touting several potential vice presidential picks for months. At the same time, the Trump team is railing against his hush money trial, which will resume for a second day of jury deliberations in the coming hours.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Billionaire dam breaks

A flood of elite GOP donors have come off the sidelines in recent weeks in support of former President Trump, who continues to await a verdict on Day 2 of jury deliberations.

Why it matters: Trump is rapidly closing his fundraising gap with President Biden. Billionaires — including some who were once skeptical of Trump's chances in 2024 — are playing a huge role.

  • The latest is casino magnate Miriam Adelson, who plans to pour millions into reviving the pro-Trump super PAC Preserve America, Politico reports.
  • Adelson and her late husband, Las Vegas Sands founder Sheldon Adelson, were Trump's biggest donors in 2020 — contributing $90 million to Preserve America.

The big picture: Trump's mega-donors defected in droves after Jan. 6 and Republicans' abysmal performance in the 2022 midterms. Many are now returning.

  • Blackstone CEO Steve Schwarzman told Axios last week that he would support and donate to Trump after previously calling for "a new generation of leaders."
  • Hedge fund billionaire Bill Ackman, who has crusaded against DEI policies and antisemitism on college campuses, is likely to endorse Trump as well, the Financial Times reported today
  • Activist investor Nelson Peltz, who said he regretted voting for Trump after the Capitol attack, hosted the former president at his Florida mansion in March.

What to watch: Billionaire Ken Griffin, one of the Republican Party's top donors, says he's waiting to see who Trump picks as his running mate before breaking out his checkbook.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Right plots revenge

A profound sense of rage — and an insatiable thirst for revenge — is permeating virtually every corner of the Republican Party following former President Trump's historic conviction, Axios' Zachary Basu and Sophia Cai write.

  • Why it matters: No one knows how the verdict will affect the outcome of the election. But the immediate impact is undeniable: America's political fabric has been fundamentally altered.

🖼️ The big picture: Beyond the broad indignation, Trump's conviction on all 34 felony counts in his New York hush-money case has triggered two types of responses among his supporters:

1. Republican power players are seeking to channel the conservative frenzy into fundraising, activism and a commitment to vote President Biden out of office in November.

  • "Don't just get angry about this travesty, get even!" Sen. Marco Rubio (R-Fla.) posted alongside a fundraising link.
  • "There is now only one issue in this election: whether the American people will stand for the USA becoming a Banana Republic," tweeted tech investor David Sacks.

2. Among hardline conservatives and Trump loyalists, the verdict has raised existential questions — and triggered a menacing response.

  • Potential attorney general pick Mike Davis told Axios he wants GOP prosecutors in Georgia and Florida to open criminal probes into Democrats for conspiring to interfere in the election by indicting Trump.
  • "This won't stop Trump," tweeted Tucker Carlson. "He'll win the election if he's not killed first. But it does mark the end of the fairest justice system in the world. Anyone who defends this verdict is a danger to you and your family."

Three tables showing which business record each of Trump

Table: Alice Feng/Axios Visuals

🥊 "I'm a very innocent man," Trump said to news cameras awaiting him in the courthouse hallway.

  • "The real verdict is gonna be Nov. 5, by the people. ... We'll fight to the end, and we'll win."

The other side: Ian Sams, spokesperson for the White House Counsel's Office, said: "We respect the rule of law, and have no additional comment."

The bottom line: "We've entered new political & legal territory as a Nation, said historian Tim Naftali.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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💰 Trump donor rush
A screenshot of an ad from former President Trump.
 

Screenshot: Trump campaign

 

Within an hour of the verdict, the Trump campaign's donation page had this image up (left) — and at times crashed from all the traffic (right).

  • Why it matters: The former president's team instantly began sending a stream of fundraising appeals.

WinRed, the fundraising platform used by the Trump campaign, was hit by an outage as Google searches for "Donald Trump donation," "Donald Trump donation site" and other related searches spiked, Axios' Rebecca Falconer writes.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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📊 What the polling says

N.Y. Times polling guru Nate Cohn writes that although Donald Trump has proved impervious to plenty of controversies that would have doomed other politicians, he has one specific vulnerability after being convicted:

  • "He depends on the support of many young and nonwhite voters who haven't voted for him in the past, and who might not prove as loyal as those who have stood by his side from the start."

Why it matters: Beyond the MAGA diehards, Trump's "strength in the polls increasingly depends on surprising strength among voters from traditionally Democratic constituencies," Nate notes.

🧮 By the numbers: In a New York Times/Siena College poll of six battleground states in October, around 7% of Trump's supporters said they'd switch to President Biden if Trump were found guilty.

  • "This may not seem like a huge number," Nate writes, "but anything like it would be decisive in our era of close elections."

Keep reading (gift link).

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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