President Donald J.
World Liberty Financial is the Trump family’s cryptocurrency company, overseen by Zach Witkoff, the son of billionaire Steve Witkoff. The elder Witkoff is Trump’s special envoy to the Middle East and for peace missions, including to Russia’s president Vladimir Putin (apparently at Putin’s request).
Zach Everson of Public Citizen explained what this arrangement means. In addition to connecting World Liberty Financial directly to the White House, UFC is giving cash to World Liberty Financial. World Liberty Financial gives its crypto to the fighters. World Liberty Financial then invests the cash in U.S. Treasury bonds and keeps the interest.
While Trump is boasting that the agreement is a triumph, no one has yet seen any terms, and the agreement that is scheduled to be signed in Geneva, Switzerland, on Friday appears to be a memorandum of understanding (MOU) for a 60-day ceasefire for continued negotiations, not a final agreement.
Zack Stanton of MS NOW notes the ways in which Trump’s version of the MOU and what Iranian officials say about it are quite different. Trump says the Strait of Hormuz will be “permanently toll-free” while Iranian officials say they will regulate the strait along with Oman.
Trump is trying to cover over the release of $24 billion in frozen Iranian assets by saying “no money will exchange hands.” But this morning, Vice President J.D. Vance told CBS that in addition to that $24 billion, Iran will also have access to $300 billion in funds for reconstruction.
Discussion of Iran’s nuclear ambitions will be put off for later.
In his remarks about the MOU yesterday, Trump thanked Russia’s president Vladimir Putin and China’s leader Xi Jinping for their help.
In The Atlantic, national security scholar Tom Nichols noted that even without the details, “it is clear that Trump has failed to achieve every one of the goals he put forward for this war of choice, and now he is determined to sign, seal, and deliver America’s capitulation as quickly as possible.”
Iran’s government is intact and now under the control of the Islamic Revolutionary Guard Corps, the Strait of Hormuz is under Iran’s control, Iran has significant drone and missile stocks, Iran can continue to sponsor terrorism, and money will flow to Iran. Nichols points out that Iran leaves the conflict stronger than before. Any claims that Trump managed to limit Iran’s nuclear ambitions is “silly,” Nichols notes: the 2015 Joint Comprehensive Plan of Action was working to limit Iran’s nuclear enrichment before Trump tore the agreement up in 2018, and when Trump chose to start bombing in February 2026, Iran was “nowhere near getting a bomb.”
After their recent reporting that the Trump administration went into panic mode to cover up the Epstein files last summer, Maggie Haberman and Jonathan Swan reported in the New York Times today that the Trump administration came much closer to trying to get rid of the writ of habeas corpus than was previously known. That right prevents the government from locking people up arbitrarily; authorities must charge a prisoner with a crime and take the case into the legal system. The Constitution spells out: “The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.”
Last spring, when the Supreme Court said undocumented immigrants had the right to challenge their deportations, according to Swan and Haberman, White House deputy chief of staff Stephen Miller proposed simply suspending the writ of habeas corpus and throwing them out.















