Elizabeth Warren and colleagues demand tighter rules on political figures’ crypto dealings, citing disclosures of large-scale Trump family profits

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Donald Trump has again been accused of “brazen crypto corruption” after financial disclosures revealed his family’s cryptocurrency ventures generated more than $1bn in his first year back in the White House.

A 927-page disclosure, released on Tuesday by the US Office of Government Ethics, showed that the US president had been paid more than $2.2bn last year in total, from real estate, golf resorts, branded merchandise, licensing deals and court settlements.

In blistering dissent, Sonia Sotomayor writes ‘the court gives the president a power unknown even to the English crown’

• Key cases today: Trump can fire federal regulators; Lisa Cook firing unconstitutional; bid to appeal $5m E Jean Carroll verdict; mail-in ballots arriving after election day

The supreme court is due to release some of its final opinions at 10am ET, with major decisions including on Donald Trump’s effort to end birthright citizenship and to fire Federal Reserve governor Lisa Cook still to come.

Last week the court handed the Trump administration huge wins in major rulings on immigration. It gave the administration a green light to block asylum seekers at the US-Mexico border, in a decision that fundamentally reshapes the US asylum system. And it also ruled in favor of the administration’s bid to strip temporary protected status from hundreds of thousands of Haitians and Syrians, who were legally in the US and protected from deportation. The decisions, powered by court’s conservative justices, saw the supreme court accused of advancing a white supremacist agenda.

US officials have revealed a preliminary memorandum of understanding between Washington and Tehran to end the costly 110-day conflict

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Senior US officials have revealed the contents of a preliminary memorandum of understanding (MOU) between Washington and Tehran to end the 110-day conflict which has cost thousands of lives and devastated the world economy.

The officials dictated the MOU to journalists on Wednesday, before it was signed by Donald Trump and Iranian counterpart Masoud Pezeshkian. Both sides have 60 days to negotiate the terms before a final agreement.

This blog is now closed – see our full report on the latest in the Middle East crisis

Trump also addressed media reports of a leaked US-Iran deal (see post at 11:57), denying claims it includes a $300bn reconstruction fund for Tehran.

“We’re not putting up 10 cents,” he said. “We are not investing and we do not have a fund.”

It’s not final. It’s a memorandum of understanding, and if I don’t like it, we’ll go back to shooting at them, dropping bombs on their head.

If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head, okay, because they’ve misbehaved for 47 years.”

Congressman Jamie Raskin alleges FBI director authorized substantial recurring payments to agents in his inner circle

Kash Patel, the FBI director, has been accused of directing more than $1m in taxpayer-funded bonus payments to a small circle of loyalist agents as part of a “personal slush fund” that may have violated federal law.

Representative Jamie Raskin of Maryland, the ranking member of the House of Representatives judiciary committee, alleged Patel had authorized substantial recurring payments to agents in his inner circle and security detail.

Former secretary of state says the winner of a genuine Democratic primary ‘would have beaten Donald Trump’

Joe Biden’s decision to seek a second term was “a terrible mistake” that cost Democrats the presidency and may have permanently damaged his legacy, Hillary Clinton has declared.

Speaking at the 92nd Street Y in Manhattan on Monday, the former US secretary of state and 2016 Democratic nominee said Biden had reneged on a prior commitment to step aside – and that the betrayal of that promise proved catastrophic. “He made a terrible mistake for himself, his legacy, and for the country,” she said.

Some fighters will receive bonuses in ‘stablecoins’ issued by Trump family business World Liberty Financial

The Ultimate Fighting Championship (UFC) announced on Friday that it will pay bonuses to fighters in a form of cryptocurrency issued by Trump family business World Liberty Financial at the heavily publicized White House mixed martial arts event on Sunday.

The development connects the Trump family’s financial interests to the high-profile UFC competition being promoted on government property. The competition on the south White House lawn is scheduled for 14 June, Donald Trump’s birthday.

Sean Strickland claims he was not cleared to attend the UFC event because he ‘made fun of Israel and Epstein’

The only current men’s US UFC champion says he has been barred from Sunday’s fight card on the south lawn of the White House because he dared to criticize Donald Trump, Israel and Jeffrey Epstein.

On Tuesday night, middleweight champion Sean Strickland wrote on X that he had been informed by the Ultimate Fighting Championship that he had not been cleared to attend the event by the White House.

Trump, still negotiating to conclude the war, claims it’s already over. Some Republican lawmakers have had enough

Donald Trump has two things to say about his war with Iran. The first is that it’s already over. And second, a symbolic congressional vote to end it – carried by four members of his own party – is a stab in the back that could derail the peace talks he’s conducting for the war that’s already over.

By a 215-208 margin on Wednesday, the US House of Representatives voted to direct the president to withdraw US forces from hostilities with Iran, the first time either chamber has passed such a measure in the little over three months since Operation Epic Fury began on 28 February. By Thursday morning, Trump was on Truth Social calling the vote “unpatriotic” and blaming it on “Trump Derangement Syndrome”.

Defense secretary’s latest interposition resulted in all-male, overwhelmingly white picks for promotion to admiralty

The US defense secretary, Pete Hegseth, stripped nine navy officers including women and Black service members from a promotion list last month, according to a person familiar with the matter, resulting in an all-male, overwhelmingly white slate of 22 advancing as nominees to become one-star admirals.

Hegseth’s unusual intervention violated promotion rules designed to be merit-based and apolitical, the New York Times said on Tuesday, and extended the Trump administration’s push to eliminate diversity, equity and inclusion (DEI) in the military.

Secretary of state appears before Congress and repeats Trump administration’s claims that a deal is within reach

Iran has agreed to negotiate aspects of its nuclear program that it had refused to discuss even a month ago, the US secretary of state, Marco Rubio, has claimed, even as Tehran announced it was halting peace talks and moving to fully close the strait of Hormuz.

Appearing before the Senate foreign relations committee for the first time since the Trump administration launched the war against Iran – which was pitched as a short, weeks-long war, in February – Rubio repeated the Trump administration’s claims that a deal was within reach.

Jerusalem embassy told to issue protest to Palestinian Authority leaders, warning ‘consequences will follow’ if they do not comply

The US has ordered its Jerusalem embassy to press the Palestinian leadership into dropping a bid for a senior position at the UN general assembly, anxious that the role could allow Palestinians to chair high-profile debates on the Middle East.

A 19 May state department cable seen by the Guardian instructed the US embassy in Jerusalem to issue a demarche (a formal protest) to the leaders of the Palestinian Authority. It put pressure on them to withdraw the bid for a role as vice-president of the general assembly by 22 May, warning that “consequences will follow” if they failed to comply.

Mike Banks, who led Trump’s border crackdown, resigned weeks after reports of prostitution allegations

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Mike Banks, the border patrol chief who oversaw the most aggressive militarization of the US southern border in recent history, has resigned with immediate effect.

“It’s just time,” Banks told Fox News in an interview. “I feel like I got the ship back on course from the least secure, most disastrous, most chaotic border to the most secure border this country has ever seen.”

With US inflation at a three-year high, US president insisted he’s not focused on economic hardship sparked by the conflict

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Donald Trump has said the growing financial pressure inflicted on Americans by the war on Iran is “not even a little bit” motivating him to make a peace deal with Tehran.

With US inflation at a three-year high, and fuel costs still climbing after a sharp rise in oil prices, the US president said on Tuesday that he is not focused on the economic hardship sparked by the conflict.

Scott Jennings was questioned by Adam Mockler about political concessions gained by the US in its war on Iran

Scott Jennings, CNN’s most prominent pro-Trump commentator, swore at a fellow panelist on live television on Thursday night after being repeatedly pressed to name a single political concession the US had extracted from its war with Iran – and failing to answer.

The outburst came during NewsNight With Abby Phillip, where Jennings clashed with Adam Mockler, a 23-year-old commentator with the progressive MeidasTouch. When Mockler asked him to name a concrete gain from the conflict, Jennings responded with the party-line response that the conflict had a singular, clear purpose – preventing a theocratic regime from acquiring nuclear weapons – but Mockler shot back that the non-answer was itself an answer.

Limited-edition versions will place US president’s portrait inside cover alongside declaration text and flag motifs

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The United States government, marking 250 years of independence from a monarchy, will this summer issue passports featuring a large photograph of its most senior leader’s face.

The limited-edition documents, billed as a commemoration of the US’s 250th anniversary of independence, will display Donald Trump’s photograph on the inside cover, surrounded by the text of the Declaration of Independence and the US flag, with his signature rendered in gold. A separate page features the famous painting of the founding fathers signing that very document.

The US president rejects extending truce as Tehran warns of response and negotiators head to Islamabad

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Donald Trump said on Tuesday that he expects to resume bombing Iran, as a fragile 14-day ceasefire approaches its deadline Wednesday with no deal in sight.

“I expect to be bombing because I think that’s a better attitude to go in with,” Trump told CNBC’s Squawk Box. “We’re ready to go. The military is raring to go.”

World Central Kitchen founder believes the war could cause a ‘silent’ collapse of the global fertilizer trade

The celebrity chef and humanitarian José Andrés has a warning for the suits in Washington and around the world: stop looking at the oil tickers and start looking at the soil.

The World Central Kitchen (WCK) founder believes that the world is sleepwalking into a massive, multi-year famine, being slow-walked by the “silent” collapse of the global fertilizer trade as a byproduct of the war with Iran.

The US president’s conservative, Christian supporters decried the Truth Social post, calling it ‘disgusting’

Less than a year after signing legislation that will pull nearly 12 million Americans off health insurance by gutting Medicaid, Donald Trump posted an AI-generated image of himself to Truth Social on Sunday depicting him as a Jesus-like figure, with divine light emanating from his hands as he heals a stricken man in a hospital bed with a demon from hell floating in the background.

The president has since deleted the post, which also followed a lengthy tirade about Pope Leo XIV on the site the same day in which he called him “weak on crime” and blamed the head of the Catholic church for being influenced by Barack Obama strategist David Axelrod. Trump refused to apologize to the pope, saying: “He went public. I’m just responding to Pope Leo.”

Resolution was expected to fail but introduction signals unease on Capitol Hill about conflict with no clear endgame

An attempt by House Democrats to pass a long-shot resolution on Thursday curtailing Donald Trump’s war powers over Iran failed after the Republican pro forma speaker, Chris Smith, did not recognize lawmakers from the opposite party on the floor.

The vote, scheduled for Thursday morning, used a procedure called unanimous consent, which is a shortcut that allows legislation to pass the chamber instantly, without debate or a formal tally, so long as not a single member objects. Any one lawmaker can kill the resolution by simply objecting, and Republicans were expected to do exactly that.