Trump Expands Iran Sanctions to Crypto

Donald Trump is going full-throttle on multiple fronts: cranking up economic pressure on Iran, flexing new crypto and tech regulations, and diving into a high-stakes branding fight at the Kennedy Center. Treasury’s sweeping new sanctions target not just traditional trade but digital assets and shipping—Trump touts it as an “economic D-Day.” But global resistance is building: China openly rejects U.S. pressure, and Europe is splintered. Military stockpiles are running low, so financial pressure is meant to fill the gap, but any move to hit Chinese buyers or banks risks a major showdown and could shock global supply chains.

Here’s the catch—on the home front, Trump’s “Pretend I’m on the ballot” midterm pitch is a sign he’s worried about voter turnout and political blowback if higher prices hit Americans. Meanwhile, the fight over the Kennedy Center’s $24.7 million upgrade—and a controversial Trump inscription—shows how his brand is both a magnet for core supporters and a turn-off for big donors. Courts, allies, and markets are all pushing back, forcing the administration into some creative lawyering and policy moves.

Featuring reporting from The New York Times, CNN, NBC News, Axios, The Guardian, and The Washington Post.

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