This week at the White House, several key initiatives are in focus. Here’s a summary of the major developments happening in Washington under President Trump. No opinions—just facts.
Stablecoin Bill Gains Bipartisan Momentum
President Trump’s top crypto and AI advisor, David Sacks, announced that the administration expects strong bipartisan backing for the GENIUS Act, a bill aimed at regulating stablecoins. Speaking on CNBC, Sacks argued that clear legal guidelines could unlock trillions in demand for U.S. Treasuries by bringing structure to a currently unregulated $200 billion market.
The bill recently passed a key procedural hurdle in the Senate, with support from 15 Democrats, enough to overcome a filibuster. If enacted, the legislation could mark a major shift in U.S. crypto policy and bolster the financial utility of stablecoins tied to the dollar.
Trump Signs AI Deepfake Image Ban
President Donald Trump signed the Take It Down Act into law Monday, making it illegal to publish nonconsensual sexually explicit images or videos — including AI-generated deepfakes — online. The legislation imposes criminal penalties, such as prison time and fines, and mandates restitution for victims. It also criminalizes threats to share such intimate content.
The law, backed by First Lady Melania Trump, requires websites to remove harmful material within 48 hours of a victim’s request and to actively work to eliminate duplicate copies. Trump condemned the use of AI to exploit individuals, calling it a disturbing and abusive trend, and said the White House legislation aims to protect people from this emerging form of digital harassment.
Crypto Buyers Attend Trump Dinner
More than 200 crypto investors are attending a black-tie optional dinner with President Donald Trump on Thursday — but entry didn’t come cheap. Winners spent between $55,000 and $37.7 million on Trump’s volatile meme coin, $TRUMP, to earn an invite, according to blockchain firm Nansen. Altogether, the 220 winners shelled out $394 million on the token during the contest period.
The event, hosted at Trump National Golf Club in Washington, D.C., rewards the top $TRUMP coin holders, with the average attendee spending nearly $1.8 million. While the dinner isn’t officially a fundraiser, 80% of the coin’s supply is held by Trump-linked entities, CIC Digital and Fight Fight Fight LLC, raising questions about the token’s financial influence and intent.
Judge Halts Trump’s Education Shutdown
A federal judge blocked President Trump’s executive order to close the Education Department and ordered the reinstatement of employees fired in recent mass layoffs, delivering a major setback to one of Trump’s campaign promises.
At the same time, House Republicans worked through the night to pass a multitrillion-dollar tax break bill championed by Trump. Despite initial resistance, Speaker Mike Johnson unified the party with last-minute compromises, ensuring approval of the signature GOP legislation.
Trump Orders Smithsonian History Overhaul
President Trump issued a sweeping executive order at the White House aimed at “restoring truth and sanity” to American history by overhauling the Smithsonian Institution. He criticized what he called efforts to rewrite the nation’s history with ideology instead of facts, signaling his intent to reshape the narrative around America’s past.
Historians note this move fits a longstanding pattern where presidents influence how history is portrayed to support their agendas. In Trump’s case, it aligns with his populist push to “Make America Great Again,” promoting nostalgia for a perceived golden era.
