President Donald Trump suggested renaming New Mexico as "New America" on Sunday, posting an edited map on Truth Social that crossed out the current name. The White House amplified the post on X, with Trump calling the proposed change "more prestigious."

State Leaders Reject Proposal

New Mexico Governor Michelle Lujan Grisham (D-N.M.) defended the state's name, stating it "isn't up for debate." She accused the President of using the issue to distract from rising gas and grocery prices, health care concerns, and housing costs. Grisham also referenced a "disastrous war in Iran" in her criticism.

Other state officials echoed this rejection:

• Sen. Martin Heinrich (D-N.M.) said he would continue using the official name "New Mexico," along with "Gulf of Mexico" and "Lake Ontario."
• Rep. Melanie Stansbury (D-N.M.) stated the name represents generations of "history, culture, and family," adding, "We're New Mexicans. Period."
• Rep. Gabe Vasquez (D-N.M.) rejected the change, saying, "You don't get to erase New Mexico. Not our name. Not our history. Not our culture."

Broader Renaming Efforts

Trump has repeatedly promoted renaming prominent U.S. landmarks and geographic features. Earlier this month, he floated calling the Strait of Hormuz "Trump Strait," claiming the waterway was under U.S. control.

Last month, Trump renamed Lake Ontario "Lake America" through an executive order, directing the Interior Department to update the federal geographic names database amid rising U.S.-Canada trade tensions.

The Kennedy Center's board voted to restore Trump's name to the complex and rename its grounds "President Donald J. Trump Plaza," while approving a two-year renovation closure.

In July, Trump celebrated the renaming of Palm Beach International Airport as The President Donald J. Trump International Airport, with his Boeing 757 becoming the first aircraft to land there.

President Donald Trump claimed Sunday that he has generated "hundreds of billions of dollars" in stock market profits for the United States, not for personal gain. The statement coincides with renewed political pressure to ban presidential trading.

The Intel Stake

The administration acquired a roughly 10% stake in Intel Corp (NASDAQ: INTC) in August 2025. The purchase involved 433.3 million shares at $20.47 each, totaling an $8.9 billion investment made at a discount to the then-market price.

Intel’s stock has risen 143.27% year-to-date and 291.34% over the past year. Shares closed 4.51% higher on Friday at $95.80. Trump shared an AI-generated image depicting himself at the Resolute Desk with screens showing Intel bought at $20 and now at $95.

Political Backlash and Legislation

Democrats have intensified calls for legislation to prohibit officials from trading stocks. Representative Eugene Vindman (D-Va.) introduced the "Sell Your Stocks or Step Down Act," which would ban the president, vice president, and members of Congress from trading stocks, digital assets, and prediction market contracts.

Trump’s financial disclosures show his companies generated more than $1.4 billion from crypto ventures in 2025. This includes over $520 million from World Liberty Financial token sales and more than $635 million from Official Trump memecoin royalties.

Market Performance Context

Trump defended the market’s performance amid the Iran conflict, stating the market has kept hitting new records despite his earlier warnings that confrontation would hurt stocks.

What the Numbers Show

The disclosed revenue sources from Trump’s business ventures reveal a significant concentration in digital assets. Of the $1.4 billion generated from crypto ventures in 2025, the Official Trump memecoin royalties ($635 million) and World Liberty Financial token sales ($520 million) account for the entirety of the reported figure, indicating these two specific instruments drove the total crypto income.