THE DAY HAS ARRIVED: The first (and possibly the last) criminal trial of former President Donald Trump is about to get underway in New York. A large team of POLITICOs is all over it and will be updating our coverage here today and every day the trial's on
politico.com/trumptrial

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap.'

Small-time investors in Trump’s Truth Social reckon with stock collapse. A goodie from Drew Harwell on Trump Media's investors:

washingtonpost.com/technology/202…

A tax policy investigation from me in POLITICO magazine. Greased by a sophisticated lobbying machine, 401(k)s have expanded dramatically over the past quarter-century. But the U.S. system lags behind our peers and has struggled to address elder poverty.

politico.com/news/2024/04/1…

Another down day for Trump Media. $DJT now sub-$30, the stock's lowest point since DeSantis dropped out of the race in January.

SCOOP: Crypto execs and boosters are donating to John Deaton's long shot GOP bid to oust the industry's chief critic in Congress, Sen. Elizabeth Warren. Winklevoss twins, Anthony Scaramucci among them.

#mapoli w/ Jasper Goodman Kelly Garrity POLITICO politi.co/4aTaOHY

Frank Lucas will run to succeed Patrick McHenry as the top Republican on House Financial Services, entering a contest with at least three other senior committee members. subscriber.politicopro.com/article/2024/0…

subscriber.politicopro.com/article/2024/0…

“Rescue California, the recall committee helmed by Republican consultants, is facing a $1 million lawsuit filed by a deep-pocketed Bitcoin pioneer stemming from the last, failed attempt to boot Newsom from office in late 2021.”

politico.com/news/2024/04/1… via Christopher Cadelago

A couple big exclusives in Morning Money:
- Elizabeth Warren warns Patrick McHenry and Maxine Waters about their stablecoin plans
- An interview with Wally Adeyemo on Treasury’s push for more authority over crypto crime politico.com/newsletters/mo…

NEW: 5th Circuit Judge Don Willett, who's hearing the legal challenge to CFPB's $8 cap on credit card late fees, reported stock holdings in Citigroup, the nation's second-largest issuer of credit cards.

subscriber.politicopro.com/article/2024/0…

Trump calls Truth Social ‘AMAZING.’ Wall Street has questions. ow.ly/R0qC105otZW

Congressional Republicans were waiting for the SEC's climate disclosure rule to hit the Federal Register before they introduced bills that would undo it.

Looks like it could be a while.

Via @DeclanHarty for POLITICO Pro: subscriber.politicopro.com/article/2024/0…

Well that was quick. The SEC, roughly a month after finalized its corporate climate disclosure rule, has halted the rule itself. subscriber.politicopro.com/article/2024/0… via Declan Harty POLITICO

Across the country, there are states and municipalities tackling the same pervasive but tedious problem: overly restrictive zoning that makes it challenging or nearly impossible to build new housing.

My latest column:
politico.com/news/2024/04/0…

New: California air regulators CARB suggested removing Scope 3 reporting requirements last year from a landmark new state law compelling large businesses to disclose their carbon footprint. subscriber.politicopro.com/article/2024/0…

“It was a no-brainer. You buy the stock, wait for Trump's fan base to hear about it, and enjoy your profit.”

reuters.com/markets/us/tru…

Just two years ago, Sam Bankman-Fried was the biggest name in crypto and an up-and-comer in campaign-finance circles — with a clear intent on upending both Wall Street and Washington.

Now he's heading to prison for 25 years.

politico.com/news/2024/03/2… via POLITICO

A federal judge sentenced Sam Bankman-Fried to 25 years in prison for his leading role in one of the biggest financial scandals in American history, capping the stunning fall of the former cryptocurrency magnate and one-time Washington megadonor.

politico.com/news/2024/03/2…

New: Durbin is pushing his Senate Judiciary hearing on credit card swipe fees until after April 9, a Senate aide tells me.

He said last week that Visa, Mastercard and airline CEOs had declined his invite to testify that day.

For POLITICO Pro: subscriber.politicopro.com/article/2024/0…

Judge rejects Coinbase's attempt to throw out SEC case

subscriber.politicopro.com/article/2024/0… via POLITICO Pro