Trump Is Already Reaping the Benefit of His Election Victory

After Donald Trump made it his goal to make America “the crypto capital of the planet,” the Republican winner, Silicon Valley, and his crypto army may be able to cash in on Tuesday’s victory.

The “upcoming deregulation wave will create an economic sonic boom,” wrote one CEO Tuesday night, encapsulating the feelings of many investors looking to make a buck off the Election Day results and its ripple effects.

As of Wednesday morning, traders, crypto enthusiasts, and of course, Trump himself find themselves victorious. The stock market jumped overall Wednesday morning, buoyed by the so-called “Trade trade,” as investors scramble to buy stock expected to perform well under a second Trump term.

Perhaps the person cashing in the most is Trump himself, whose shares of Trump Media & Technology Group skyrocketed following his win. Shares of TMTG, which runs his Truth Social platform, rose more than 30 percent in premarket trading. Trump owns a roughly 57 percent stake in Trump Media.

He added nearly $300 million to his fortune overnight.

Meanwhile, bitcoin is also at a record high after Trump’s win, again boosting his own earnings. And the Republican has the crypto industry to thank.

“Being anti-crypto is simply bad politics,” wrote Coinbase CEO Brian Armstrong just after midnight, attaching a photo of the Ohio Senate race. The cryptocurrency super PAC Defend American Jobs spent more than $40 million to help Republican Bernie Moreno win his race to flip the Senate seat.

The industry raised more than $200 million to affect House and Senate elections and punish anti-crypto candidates. And it looks like, for the most part, their work paid off. Coinbase’s political offshoot Stand With Crypto’s own numbers indicate that “pro-crypto” candidates won 270 seats.

As The New Republic reported earlier this fall, crypto companies spent more than $130 million to determine the election, breaking records. Since the Citizens United ruling in 2010, the fossil fuel industry has collectively only spent $176 million over 14 years of election cycles.

“It’s time to build. 🇺🇸” wrote Marc Andreessen, the “techno-optimist” billionaire who gave millions to Trump, in celebration of the win.

The richest man in the world just got richer off our presidential election.

Billionaire CEO and Trump hype man Elon Musk saw stock for his Tesla company go through the roof, mere hours after Donald Trump defeated Kamala Harris in the presidential election. The electric vehicle company saw an 11 percent increase in its stock Wednesday morning.

Investors believe that Tesla will be positively impacted by another Trump presidency, as he has promised to enact tariffs on Chinese imports, which could be particularly beneficial for the electric vehicle maker. 

Musk was Trump’s second-largest funder this election, even handing out $1 million a day to voters in swing states (many in Pennsylvania) if they signed his petition in support of Trump and the Constitution. He became a close confidant to the former president and now president-elect as a result. Musk dutifully followed Trump from campaign stop to campaign stop, jumping awkwardly for joy and outlining his plan to cripple the federal government with massive cuts to the budget.

“Elon will likely be rewarded with some efficiency czar position, which could accelerate adoption of a single autonomous driving standard instead of 50 different state regulations,” shareholder Gary Black said Wednesday on social media.

Musk has already agreed to head what he and Trump call the Department of Government Efficiency, or “DOGE.” Musk has promised to cut $2 trillion from the government budget and to launch a “complete financial and performance audit of the entire federal government.”

There are dark days ahead for the rest of us, but at least Musk can continue to line his pockets with no issues.

Polling locations in Democratic strongholds across several key battleground states received a slew of phony bomb threats on Election Day, and while the FBI deemed that none of the threats were credible, they still represent a disturbing feature of U.S. elections: alleged interference from Russia. 

The FBI released a statement Tuesday saying that it was “aware of bomb threats to polling locations in several states, many of which appear to originate from Russian email domains.”  While the FBI underscored that none of the threats had been found to be credible, their purpose was undoubtedly to sow chaos and fear as Americans attempted to cast their ballots. 

Many of those threats were directed at sites in Fulton County, Georgia, the state’s most populous Democratic stronghold. Law enforcement officials received at least five threats toward two Union City voting sites, and two polling places were evacuated for 30 minutes each after receiving threats. 

Georgia’s Secretary of State Brad Raffensperger said in a statement that the non-credible threats affected “five to seven different precincts” in the key swing state.

He also said that the bomb threats had been linked to one particular “foreign state actor.”

“We identified the source, and it was from Russia,” Raffensperger said. “They’re up to mischief, it seems, and they don’t want us to have a smooth, fair, and accurate election.

“Anything that can get us to fight amongst ourselves—they can count that as a victory.”

In Wisconsin, two polling places in the state capitol of Madison received threats according to Ann Jacobs, who leads the Wisconsin Elections Commission. Those threats also seemingly originated from Russian email domains, according to the FBI’s office in Milwaukee. 

In Arizona, election officials received fake bomb threats at four polling stations. Arizona Secretary of State Adrian Fontes said that the threats came from an email address ending in .ru, but emphasized that he could not confirm if the threats were actually from the Russian government. 

There were also dozens of bomb threats that have not been linked to the alleged Russian email campaign. 

Pennsylvania, a critical battleground state, also received a slate of hoax bomb threats. At least 10 polling locations received threats in Philadelphia alone. One location was shut down for 23 minutes but later received a court order extending its hours to make up the lost time.

The threats in Pennsylvania were not just limited to locations in Philadelphia County. Officials in Bucks, Centre, Chester, Clearfield, Delaware, Luzerne, Perry, and York Counties also reported receiving bomb threats. Investigators in Pennsylvania have yet to specifically link any of these phony threats to Russia.

In Michigan, there were reports of bomb threats at several polling locations, but none were credible, according to a spokesperson for Michigan’s Secretary of State Jocelyn Benson.

Russia’s diplomatic mission in the United States dismissed any allegations of Russian interference as “malicious slander.”

“We would like to emphasize that Russia has not interfered and does not interfere in the internal affairs of other countries, including the United States,” the Russian Embassy said in a statement. “As President Vladimir Putin has repeatedly stressed, we respect the will of the American people.”

Nearly every state that placed abortion on the ballot this year successfully enshrined the procedure in their state constitutions.

A record-breaking 10 states placed abortion access in the hands of the popular vote on Tuesday, handing citizens—not elected representatives—the ability to decide whether or not their state should meddle in an individual’s reproductive rights.

Arizona, Colorado, Maryland, Missouri, Montana, Nevada, and New York all passed constitutional amendments codifying the right to abortion. Meanwhile, Florida, Nebraska, and South Dakota—a small handful of states with already draconian abortion restrictions—failed to pass their respective measures to protect the medical procedure.

The majority of the initiatives sought to protect abortion access up until the point of fetal viability, which typically occurs during the second trimester between 23 and 24 weeks of pregnancy.

More than 61 percent of Arizona voters chose to codify abortion access in the state constitution. The Arizona Abortion Access Act will also enshrine the right to an abortion to protect the life and health of pregnant people.

The amendment to the Arizona Constitution offers every Arizonan the “fundamental right” to an abortion, and makes illegal any policy or program that restricts or interferes with an eligible abortion, or penalizes any person or group for aiding or assisting in an abortion within state bounds. It’s a seismic shift from the state’s current law, which restricts abortion access 15 weeks after a person’s last menstrual period.

Maryland, Missouri, Montana, and Nevada also had similar efforts on the ballot. They voted in favor of protecting the procedure up until the point of fetal viability, some by double-digit margins. Maryland had the strongest turnout of the group, with 74 percent of the vote going toward protecting an individual’s right to make their own reproductive decisions regarding abortion. Missouri passed its ballot measure by more than 51 percent, becoming the first state to overturn a total abortion ban.

Meanwhile, Montana passed its measure by 57 percent, and Nevada by 63 percent.

Colorado, which already has no gestational limit on the right to an abortion, put an amendment to a vote that sought to formally recognize the right to an abortion. Approximately 61 percent of the state voted in favor of the initiative, simultaneously stripping a conflicting constitutional amendment that prohibited the use of state funds for abortion care.

New York, which protects abortion up until the point of fetal viability under current law, put a vote to anti-discrimination efforts around access to the procedure as well as to more general reproductive health care. Sixty-two percent of voting New Yorkers sided in favor of the amendment. Advocates described it as a sideways effort that could thwart future constitutional attacks on abortion access by the state legislature, but the initiative drew criticism from voters across the board—including those in favor of it—who claimed that the proposition’s vague language failed to convey its connection to reproductive rights.

South Dakota, where abortion is completely banned, sought to prevent the state from interfering with a person’s right to choose before the second trimester. But just 40 percent of voting South Dakotans actually sided in favor of the constitutional amendment, flouting efforts that would have prohibited that state government from regulating a pregnant person’s decision to access an abortion.

The Mount Rushmore State’s ballot initiative would have protected abortion during the first trimester, or the first 13 weeks of pregnancy. It also baked in protections during emergency circumstances, including in the event that a third-trimester pregnancy poses a risk to the life of a pregnant person. The measure would have restricted the regulations capable of being imposed on second-trimester pregnancies, specifying that the government could only intervene in a way “reasonably related to the physical health of the pregnant woman.”

Nebraska had two simultaneous abortion-related measures on their ballot, one for and one against. In the early hours of Wednesday, the Associated Press called the race in favor of the ban, reporting that state denizens voted in favor of an amendment prohibiting abortion after the first three months of pregnancy—effectively affirming state law—while shooting down a proposition that would have guaranteed the right to an abortion until viability.

The trio of states that failed to pass abortion initiatives on Tuesday hint at a small shift toward an increasingly conservative outlook across the nation. In the two years since the Supreme Court overturned Roe v. Wade, abortion efforts have won in every state where the issue has appeared on the ballot. But Florida’s effort, in particular, faced dire odds: In order to be amended into the state constitution, it needed 60 percent of the vote in order to succeed.

More than six million Floridians voted in favor of Amendment 4—approximately 57.1 percent—with more than 96 percent of the expected votes in, according to a projection by NBC News. But despite the overwhelming majority of the state supporting the measure, it fell short of that 60 percent threshold.

The Amendment to Limit Government Interference With Abortion sought to protect an individual’s right to an abortion up to the point of viability, which typically occurs between 23 and 24 weeks of pregnancy. The measure also would have safeguarded the right to an abortion in the event that the procedure is deemed medically necessary in order to preserve a pregnant person’s health.

As it stands on the books, Florida’s law restricts abortion access after just six weeks. That law, signed by Governor Ron DeSantis during his campaign for president, went into effect in May. DeSantis’s decision was viewed as a strategic move that could have proved popular with some voters in swing states such as Iowa, but that bid fell apart when DeSantis announced in January that he would be withdrawing from the race—leaving Floridians holding the bag.

Florida’s law prohibits abortions well before a lot of people even realize they’re pregnant, and just one week before drugstore pregnancy tests can detect pregnancy hormones in their earliest, and least reliable, window. It has also forced some patients in need of the procedure to seek treatment outside the state—such as in North Carolina, where abortion is banned after 12 weeks—or even further afield.

On an election night as bleak as it was long, Ultimate Fighting Championship CEO and hardcore Trump supporter Dana White used his stage time at the Trump victory rally to paint an especially grim vision of the future.

There was a palpable joy at the Trump headquarters in the early hours of Wednesday morning as polls nationwide all but guaranteed a Trump victory. Trump brought what looked like his entire team onstage during his nearly 3 a.m. victory speech, even giving White the floor for an outlandish speech in which he heaped praise on Trump.

“This is what happens when the machine comes after you. What you’ve seen over the last several years, this is what it looks like,” said White. “Couldn’t stop him, he keeps going forward, he doesn’t quit, he’s the most resilient, hardworking man I’ve ever met in my life.… This is karma, he deserves this.”

White went on to shout out major manosphere influencers, many of whom are thought to have had a direct impact on the men who voted for Trump.

“I want to thank the Nelk Boys, Adin Ross, Theo Von, Bussin’ With the Boys, and last but not least, the mighty and powerful Joe Rogan.”

Adin Ross’s streams have been a safe place for sexism and general, lowbrow bigotry for some time now. The 24-year-old has been banned from Twitch eight separate times for using a homophobic slur and for “hateful conduct.” Earlier this year, Trump joined Ross’s livestream, per Barron Trump’s suggestion, and was gifted a Rolex live on stream. The Nelk Boys have similarly used their podcast to platform right-wing demagogues like Tucker Carlson to young men. Theo Von and Bussin’ With the Boys are slightly tamer versions of these acts. And the infamous Joe Rogan is the forefather of them all.

This strange lineup of famous podcasters with dubious ties to the alt-right is just a sign of how dangerous and unserious a future Trump Cabinet could be.

Despite victories for Donald Trump across the country, several states that went red also chose to raise the minimum wage and ensure paid sick leave for their workers.

In Missouri, where Trump captured 58 percent of the voters, the same number of Missourians voted to raise the state’s minimum wage to $13.75 per hour starting in 2025 and to $15 per hour starting in 2026.

Alaskans also appear to have voted to raise the minimum wage to $15 per hour by 2027 while securing paid sick leave for workers. Fifty-six percent of Alaskans supported the measure as of Wednesday morning, with 76 percent of voters reported. Meanwhile, Trump won the state and Democratic Representative Mary Peltola lost her House seat.

Similarly, in Arizona, where the presidential race has still yet to be called, voters shot down a ballot measure to reduce the wages of tipped employees nearly three to one. In Nebraska, where Trump handily beat Kamala Harris, voters approved a measure to ensure paid sick leave by similar numbers, with 74 percent voting in favor of allowing workers to accrue paid sick time hours at both large and small companies. Nebraska’s union man, independent candidate Dan Osborn, however, did not win. The Senate candidate, who led a strike against Kellogg’s in 2021, lost to Republican incumbent Deb Fischer Tuesday night.

Strangely enough, similar ballot measures in Arizona and Massachusetts had opposite results. While Arizonans voted down the proposal to “pay up to 25% per hour less than the minimum wage” for tipped workers in Proposition 138, Massachusetts voters appear to have voted down their Question 5, which would have increased the minimum wage for tipped workers. This decision means that Massachusetts workers will continue to make a subminimum wage for tipped work, rather than be brought up to the state’s minimum wage of $15 an hour by 2029. At the same time, Massachusetts residents may have voted to give ride-share drivers the right to join a union.

Though most of California’s ballot measures are too early to call, the results as of Wednesday morning are disappointing. Californians voted to essentially keep slavery legal by voting down Proposition 6, which would have amended the state constitution to end involuntary labor for people in prisons and jails. Moreover, the state also most likely will strike down a proposal to increase the minimum wage.

Meanwhile, Harris won over union members with 57 percent of their vote, compared to Trump’s 39 percent, according to the Associated Press, after she picked up endorsements from most major unions this fall.

Though the results for workers are a mixed bag, it’s clear that Americans care deeply about the economy and their material conditions and that populist proposals that better people’s working lives can win, even in red states.

Now that he will be returning to the White House, Donald Trump is going to make the federal cases against him disappear.

Trump is now the first convicted felon to become president, and so he has the authority to dismiss special counsel Jack Smith, who was appointed by Attorney General Merrick Garland specifically to investigate Trump’s attempt to overturn the 2020 election and lead the January 6 insurrection, as well as his mishandling of classified documents. Trump has already threatened to not just fire Smith, but have him deported. Though deporting Smith would be hard, given that he’s a natural-born citizen, it’s still easy for Trump to get rid of all the cases against him.

Trump is certain to appoint an attorney general who will not only dismiss cases against him but protect him from any new cases and target his enemies. Among the possible names being discussed is Judge Aileen Cannon, who already dismissed Trump’s classified documents case on the grounds that the appointment of Smith was invalid. Trump said he would consider appointing Texas Attorney General Ken Paxton to the role, who not only has his own legal cases against him but also tried to overturn the 2020 election results.

The charges Trump faces in Georgia for overturning the 2020 election results in that state will also go away, and the sentence for his felony conviction in New York over his hush-money payments to Stormy Daniels is delayed at the very least. The protection of the office of the president will also shield Trump from the civil judgments and penalties against him, such as the fraud judgment against him in New York and E. Jean Carroll’s defamation cases against him.

The Justice Department won’t just be headed by a Trump loyalist, but it will also be filled with a right-wing legal army set to bulldoze any obstacle or measure of accountability against the president, whether that means firing civil servants who object to Trump’s outlandish decrees or ensuring that the conservative fever dreams in Project 2025 are implemented.

The Supreme Court’s ruling on presidential immunity already put many of the cases against Trump in jeopardy, but now that he’ll be entering the Oval Office again, the president-elect will consider himself bulletproof. Trump will eagerly be counting the days until he is sworn in January 20, 2025, when he can be a “dictator on day one” with few, if any, consequences.

Donald Trump is already musing about repainting the walls of the federal government post-inauguration—and it appears to involve allowing notorious vaccine skeptic Robert F. Kennedy Jr. free rein over the nation’s health policies.

Delivering his first speech after being declared the winner of the 2024 presidential election, Trump promised a cheering crowd that Kennedy’s name would have a place in his second administration.

“​​He’s going to help make America healthy again,” Trump said as the crowd began to chant “Bobby.”

“He’s a great guy, he really means it, he wants to do some things, and we’re going to let him go to it,” he continued. “I just said, but, Bobby, leave the oil to me. We have more liquid gold—oil and gas—we have more liquid gold than any country in the world. More than Saudi Arabia.”

“Bobby, stay away from the liquid gold. Other than that, go have a good time, Bobby,” Trump added.

During an interview with NBC News’s Dasha Burns on Monday, Trump refused to promise that he wouldn’t ban vaccines, instead outlining his intentions to talk to Kennedy and “talk to other people” and make a decision. “He’s a very talented guy and has strong views,” Trump said of Kennedy.

During the same interview, Trump signaled that he would be open to removing fluoride from all public water systems—a 1945 public health decision that has reduced cavities and tooth decay in adults and children by as much as 25 percent, according to the American Dental Association.

Last week, Trump transition co-chair Howard Lutnick insisted that vaccines are “not proven” and shared that he had a more than two-hour conversation with Kennedy, a notorious vaccine conspiracy theorist who has been promised “control” of several federal agencies, including the Department of Health and Human Services, under a second Trump administration.

Lutnick claimed that Kennedy—who has admitted that his brain has been eaten by worms and who had to apologize for tying vaccine conspiracies to what happened in Germany during the Holocaust—has plans to strip even long-standing vaccines from the market.

Vaccines have proven to be one of the greatest accomplishments of modern medicine. The jabs are so effective at preventing illness that they have practically eradicated some of the worst diseases from our collective culture, from rabies to polio and smallpox, a fact that has possibly fooled some into believing that the viruses and their complications aren’t a significant threat for the average, health-conscious individual.

Republican Senator Lindsey Graham, one of Donald Trump’s campaign lackeys, took aim at someone who has turned out to be one of the only people in the country interested in holding the former president accountable.

“To Jack Smith and your team: It is time to look forward to a new chapter in your legal careers as these politically motivated charges against President Trump hit a wall,” Graham wrote in a post on X early Wednesday.

“The Supreme Court substantially rejected what you were trying to do, and after tonight, it’s clear the American people are tired of lawfare. Bring these cases to an end,” the South Carolina Republican wrote. “The American people deserve a refund.”

While Smith’s election interference case is expected to continue in the short term, President-elect Trump has previously vowed to have Smith canned on his first day in office, and even threatened to deport him. That kind of fascistic rhetoric didn’t seem to scare off any voters Tuesday, so now we’ll just wait to see if he was kidding.

Whoever Trump appoints as attorney general, upon entering office, will sink that case as well as Trump’s classified documents case, which Smith has appealed after Judge Aileen Cannon tossed it out in July. Trump might even appoint Cannon as attorney general (she previously appeared on a short list for the spot), giving the Trump-appointed judge the chance to obliterate that case yet again.

In another post on X, Graham toasted ousting the Democrats, who he claimed wanted to “pack the Supreme Court”—something that Trump is very likely to attempt during his next four years in office.

Donald Trump has won the majority of white women voters for the third straight time. 

Even after destroying abortion rights, even after a judge went to painstaking lengths to clarify that Trump raped E. Jean Carroll, and even as the Harris campaign targeted the imaginary “silent majority” of women hiding their political views from their husbands, 52 percent of white American women showed us who they are: Trump supporters.

National exit polls show that Trump easily carried white women’s vote, as white men too were 59 percent for Trump. For comparison, Black men and women went 20 percent and 7 percent for Trump, respectively.

There was so much liberal hand wringing over Harris’s perceived issues with Black male voters. Black men were too sexist, too uneducated, and were seen as a real vulnerability for her chances. “This election has taught me that there is a true intellect deficiency amongst our Heterosexual Black Men. It’s a sad reality,” one viral tweet on X read. A bit earlier, Barack Obama delivered an entire speech blaming Black men for their reluctance to back Harris. 

And yet Harris won three-quarters of Black men, while a much larger, much more powerful group of voters (white women) rejected the party begging for their votes for the third time in a row.

The Harris campaign tried, with good reason, to convince white women that their future was at stake. Trump is all but guaranteed to oversee a further rollback in reproductive rights, and the president-elect has also openly flirted with a federal ban on abortion. 

And yet that was not a winning message for white women. A recent Times/Siena showed that the majority of white women, like their white male counterparts, saw inflation and the economy as their top voting issue. Abortion was second, and immigration was third. To be sure, there is a notable age split here: Gen Z women only went 36 percent for Trump, women aged 30 to 44 went 41 percent for Trump, women aged 45 to 64 went 48 percent for Trump, and women over 65 backed the former president 45 percent.  

At a dinner this month, Mr. Trump taunted one of the pro-Harris affinity groups. “There’s a group called ‘White Dudes for Harris,’” he said, “but I’m not worried about them at all, because their wives and their wives’ lovers are all voting for me.”

Democrats banked on white women being more conscious voters than white men, more fatigued by the years of hateful and incendiary rhetoric from Trump. They conjured up an image of white women voting in secret droves for the first woman president. It just cost them another election.