According to The Wall Street Journal, Donald Trump is considering signing an executive order to suspend the tax-exempt status of non-profit organizations involved in terrorism.
According to The Wall Street Journal, the White House is considering signing an executive order that would immediately suspend the tax-exempt status of non-profit organizations accused of ties to terrorism. The proposal aims to invoke Section 501(p) of the U.S. Internal Revenue Code, potentially bypassing the lengthy Internal Revenue Service (IRS) review process. Officials are reportedly reviewing the financial records of non-profits, though no publicly named organizations have been identified thus far. The executive order is still under discussion and ultimately may not be signed.
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24H Trending
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The Nikkei 225 Index fell 5.76% from its previous close, currently trading at 57,557.09.
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ZEC (Zcash) is up 6.26% over the past 4 hours, currently trading at $1,330.13.
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AUD/USD fell 0.89% from its previous close, currently trading at 0.6946.
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Taiwan Stock Exchange Weighted Index fell 6.11% from its previous close, currently trading at 39,032.95.
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The Shanghai Composite Index fell 1.06% from its previous close, currently trading at 3,650.85.
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Brent crude was up 3.52% from its previous close, currently trading at $98.354.
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South Korea's KOSPI index fell 5.48% from its previous close, currently standing at 5,088.79.
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Trump's policies and institutional participation drove Ethereum's sharp rally in August 2026, with its market cap reaching approximately $294.8 billion in November
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WTI crude oil is up 2.54% from its previous close, currently trading at $90.764.
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USD/KRW is up 1.16% from its previous close, currently trading at 1,356.9045
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