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dalton99a

(96,509 posts)
Wed Jul 1, 2026, 12:52 AM Jul 1

Trump Pulled in at Least $2 Billion After Returning to the White House

https://www.nytimes.com/2026/06/30/us/politics/trump-financial-disclosure-crypto-windfall.html

Trump Pulled in at Least $2 Billion After Returning to the White House
The release of a mandatory financial disclosure for 2025 shows that the Trump family’s holdings, particularly the president’s crypto businesses, were stunningly lucrative.
By Ben Protess, Andrea Fuller, Eric Lipton and David Yaffe-Bellany
June 30, 2026

President Trump reaped a stunning windfall in his first year back in the White House, including about $1.4 billion from his family’s cryptocurrency businesses, a new filing shows.

All told, the president pulled in at least $2.2 billion, a figure that includes other parts of his vast holdings, such as his real estate assets. That compares to a minimum of $622 million his enterprises pulled in for all of 2024, before he returned to the presidency.

One of his biggest hauls in 2025 came when an investment firm tied to the United Arab Emirates bought nearly half of the Trump family’s main crypto company, World Liberty Financial, a transaction that blurred the line between foreign policy and private enterprise.

Mr. Trump also collected hundreds of millions of dollars from sales of his $TRUMP memecoin and World Liberty’s sale of its own digital tokens.

The results, detailed in Mr. Trump’s mandatory financial disclosure report for 2025 and released on Tuesday, pulled back the curtain on the president’s business operations. His crypto ventures, the report shows, are now some of his most lucrative enterprises, a remarkable turnabout for a man who once slammed crypto as a haven for drug dealers and scammers.

The president’s finances, which had been something of a mystery, highlight a conflict in his crypto business: Mr. Trump is a major crypto industry operator and its top policymaker.






....


https://www.nytimes.com/2026/06/30/us/politics/trump-moneymaking-presidential-history.html

Trump’s Moneymaking Run: Unrivaled in Presidential History
The president’s move to open new business ventures, rather than eliminate potential conflicts, defies a long-held tradition.
By Eric Lipton
June 30, 2026

President Lyndon B. Johnson’s wife owned a profitable radio station. George W. Bush was on the board of an oil company while his father was in the White House. And Hunter Biden was paid by a Ukrainian natural gas company while his father was vice president.

But never before in American history has there been anything like Donald J. Trump, a president who in his first year back in office has collected about $1.4 billion in new revenues from cryptocurrency businesses that directly benefited from his actions as president, a financial disclosure report made public on Tuesday shows.

Overall, Mr. Trump’s revenue in 2025 jumped to at least $2.2 billion, compared with a minimum of $622 million in 2024 before he returned to office.

“It is completely unprecedented,” said Megan Gorman, a tax attorney and the author of a recent book, “All the Presidents’ Money,” that studied the history of presidential wealth dating back 250 years.

Generally, throughout history, Ms. Gorman and other historians said, American presidents have taken actions to try to separate themselves from corporate entanglements that might create conflicts.

“Public office, if anything, was a source of debt, not a source of revenue,” said Lindsay M. Chervinsky, a historian and the executive director of the George Washington Presidential Library at Mount Vernon.

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Scamming, stealing, looting and grifting like never before



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Trump Pulled in at Least $2 Billion After Returning to the White House (Original Post) dalton99a Jul 1 OP
MaddowBlog-As Trump profits from the presidency, he tries (and fails) to defend his massive windfall LetMyPeopleVote Thursday #1

LetMyPeopleVote

(184,634 posts)
1. MaddowBlog-As Trump profits from the presidency, he tries (and fails) to defend his massive windfall
Thu Jul 2, 2026, 05:51 PM
Thursday

After pulling in $2.2 billion last year, the Republican had a chance to present some kind of defense for his gains. He apparently couldn’t think of much.

After pulling in .2 billion last year, Trump had plenty of time to come up with a defense for his eagerness to profit from the presidency and his many conflicts of interest.

Evidently, he couldn’t think of much.
www.ms.now/rachel-maddo...

Steve Benen (@stevebenen.com) 2026-07-02T15:18:49.568Z

https://www.ms.now/rachel-maddow-show/maddowblog/trum-defends-massive-crypto-profits-white-house

Vote for him, Trump said, and he’d be different. Vote for the man who’s already wealthy, his party said, and he wouldn’t even have to try to profit from the presidency.

So much for that idea. MS NOW reported:

President Donald Trump reported more than $1.4 billion in cryptocurrency-related income in his latest annual financial disclosure released Tuesday, with digital assets emerging as the largest source of his personal earnings during his second term.

The 927-page disclosure, covering 2025 and filed with the U.S. Office of Government Ethics, shows Trump earned more than $500 million from World Liberty Financial, the cryptocurrency company he co-founded in 2024 with his sons, Eric Trump and Donald Trump Jr. He also reported another $635 million in income tied to sales of the $TRUMP meme coin.


A related New York Times report noted, “All told, the president pulled in at least $2.2 billion, a figure that includes other parts of his vast holdings, such as his real estate assets. That compares to a minimum of $622 million his enterprises pulled in for all of 2024, before he returned to the presidency.”....

The Republican has had plenty of time to come up with some kind of coherent defense for his 2025 windfall, but when pressed by reporters Wednesday, he had little to offer.

Pressed on a disclosure showing he made at least .4b off crypto in 2025, Trump lied by saying "I don't get involved" (he's personally promoted his crypto businesses), then dismissed a follow up about how he's profiting off the presidency, saying "everybody is profiting."

Here's full exchange:

Aaron Rupar (@atrupar.com) 2026-07-01T12:58:13.008Z


.....During his brief Q&A with reporters Wednesday, the Republican said, “Well, I made a lot of money before I became president.” That’s largely true but entirely irrelevant: The question is about whether Trump is profiting enormously from the presidency, even as Americans struggle with a weak economy.

But that helped set the stage for the pièce de resistance.

Q: Critics say you're profiting off the presidency


TRUMP: I'm profiting because the stock market is going up. Everybody is profiting. Thank you President Trump.

Aaron Rupar (@atrupar.com) 2026-07-01T12:48:32.460Z


,,,,,Except there are millions of Americans struggling to get by, living paycheck to paycheck. The idea that his yacht just happens to be rising from a tide lifting all boats is absurd. What’s more, while Trump has cashed in on crypto deals, most of the investors who followed his lead actually lost money — contradicting his “everybody’s profiting” boasts.

About a year ago, White House press secretary Karoline Leavitt told reporters during a briefing, “I think it’s frankly ridiculous that anyone in this room would even suggest that President Trump is doing anything for his own benefit. He left a life of luxury and a life of running a very successful real estate empire for public service, not just once but twice. … This is a president who has actually lost money for being president.”

The lecture was foolish at the time. It’s worse now.
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