Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big

[BlueWaveNeverEnd]

“It is hard to wrap your head around that the president of the United States would engage in this level of self-enrichment at the expense of so many of his supporters,” said Lee Reiners, a former Federal Reserve Bank examiner who now studies cryptocurrency issues at Duke University. “This is a president of the United States who has made more money off crypto since he took office than he made in any prior year in his entire business career.”

https://www.nytimes.com/2026/07/01/us/politics/trump-crypto-memecoin-world-liberty.html?unlocked_article_code=1.ulA.2voP._32gKzONVDXs&smid=url-share


President Trump and his family reaped vast financial rewards from a memecoin that generated losses for hundreds of thousands of investors.

A large chunk of the $2 billion haul President Trump took in last year came as hundreds of thousands of his fans and other investors bet on a speculative cryptocurrency called $TRUMP, hoping its value would soar with his return to the White House.

But while Mr. Trump amassed an eye-popping $636 million from the cryptocurrency, known as a memecoin, many of his followers who heeded his call to purchase the coin came out losers.

That outcome, documented by an independent analysis of trades and fees paid out from $TRUMP token sales, is drawing renewed attention this week, as Mr. Trump for the first time has detailed the extraordinary $1.4 billion in revenue he secured just from the cryptocurrency industry since he returned to the White House.

The president’s 927-page financial disclosure showed how Mr. Trump and his family reaped huge financial rewards in 2025 through his money-losing Trump Media venture and a separate cryptocurrency firm called World Liberty Financial, even as routine investors suffered vast losses.

[Norrrm]

1. "Investors".... That's a laugh.

[madinmaryland]

2. I think they are referred to as "marks". The grift is on!

[stumpysbear]

3. Cult doing cult-like things