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malaise

(299,797 posts)
Wed Jul 1, 2026, 05:08 AM 12 hrs ago

Let this sink in - Trump filing shows he took in about $1.2 billion from crypto businesses last year

https://apnews.com/article/trump-financial-disclosure-crypto-060c15062b8fedc6104159ea13775463

NEW YORK (AP) — President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses.

Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fueling their rise were billionaire investors and Trump’s own move to quash a federal crackdown on the industry.

Trump got more than $500 million from his World Liberty Financial business selling new crypto products, including “governance tokens,” according to the required annual disclosure report with the Office of Government Ethics. It also showed another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face.

————-
Corruption on steroids



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Let this sink in - Trump filing shows he took in about $1.2 billion from crypto businesses last year (Original Post) malaise 12 hrs ago OP
Not to mention pure corruption of the office, this stinks of money laundering AZJonnie 12 hrs ago #1
I hope that each of his investors winds up shattered and destitute Orrex 11 hrs ago #2
That should help them to vote D KS Toronado 10 hrs ago #4
You'd think, but they'll blame immigrants and woke DEI culture Orrex 10 hrs ago #5
but..but..but.. Barisma mnmoderatedem 11 hrs ago #3
Trump 'explainer' Joe Borelli used the Hunter Biden/Burisma argument last night on CNN Newsnight. OGBuzz 10 hrs ago #6
Hitler also became a multi-billionaire while in power. sop 10 hrs ago #7
Hope the end is similar malaise 10 hrs ago #8
I Second that Joinfortmill 9 hrs ago #10
Much of that profit was at the expense of the gullible fools who plunked their meager savings into it. Vinca 10 hrs ago #9
And he bdamomma 9 hrs ago #11
Why can't he just be sealed in a crypt? Blue Owl 8 hrs ago #12
Like magic how steroids work. Kid Berwyn 8 hrs ago #13
Sickening malaise 7 hrs ago #16
Witkoff functions exactly like one of Putin's oligarchs ... except he does it all for Chump FakeNoose 5 hrs ago #19
Which means he took in a lot more Bettie 8 hrs ago #14
A good friend of mine studied the lyrics of songs sung in parts of Africa malaise 7 hrs ago #17
Kick dalton99a 8 hrs ago #15
I thought Uday and Qusay (Jr. and Eric) were running the crypto company FakeNoose 5 hrs ago #18
Well, we can probably double that amount? kentuck 4 hrs ago #20
Absolute madness malaise 3 hrs ago #21
$600 million on faves stamped coins!!!! Melon 3 hrs ago #22

AZJonnie

(4,228 posts)
1. Not to mention pure corruption of the office, this stinks of money laundering
Wed Jul 1, 2026, 05:45 AM
12 hrs ago

"$600 million from sales of souvenir-type “meme” coins stamped with his face."

Really? People spent THAT much on that bullshit? I don't buy it. But of course he's loaded the regulatory agencies with cronies and he cannot be audited (is that for sure now?) and he runs the DoJ, so it's just fucking open season for that motherfucker

mnmoderatedem

(3,920 posts)
3. but..but..but.. Barisma
Wed Jul 1, 2026, 06:45 AM
11 hrs ago

that may replace but..but..but.. her emails, in the republican vernacular

OGBuzz

(880 posts)
6. Trump 'explainer' Joe Borelli used the Hunter Biden/Burisma argument last night on CNN Newsnight.
Wed Jul 1, 2026, 07:39 AM
10 hrs ago

It's like comparing a camels hump to Mount Everest. The Trumps have cashed in $2.29 billion on crypto ventures alone while their investors lost $2.28 billion. MAGAts will defend this to their last breath.

sop

(19,946 posts)
7. Hitler also became a multi-billionaire while in power.
Wed Jul 1, 2026, 07:39 AM
10 hrs ago

Like Trump, he earned a modest salary as Chancellor, which he waived, but he amassed massive wealth from a variety of sources. He set up the "Adolf Hitler Fund of German Industry," a personal slush fund to rake in corporate "contributions." He earned huge sums through the mandatory sales of his book, 'Mein Kampf.' And he charged the German Post Office for the use of his portrait on postage stamps. Trump has a good role model.

Vinca

(54,570 posts)
9. Much of that profit was at the expense of the gullible fools who plunked their meager savings into it.
Wed Jul 1, 2026, 07:45 AM
10 hrs ago

Makes me think of an interview I saw once of a woman who divorced her MAGA husband after he took out a second mortgage on their home to buy into one of Trump's schemes.

Kid Berwyn

(25,554 posts)
13. Like magic how steroids work.
Wed Jul 1, 2026, 08:50 AM
8 hrs ago

An anabolic example: Steve Witkoff — $pecial Envoy — sold out America by advising Putin how to approach Trumpski re Ukraine. He also travels on the taxpayers' expense to fill up Trump's virtual and offshore pockets via World Liberty Financial, as well as his own, of course.



Anatomy of Two Giant Deals: The U.A.E. Got Chips. The Trump Team Got Crypto Riches.

A lucrative transaction involving the Trump family’s cryptocurrency firm and an agreement giving the Emiratis access to A.I. chips were connected in ways that have not been previously reported.


By Eric LiptonDavid Yaffe-BellanyBradley HopeTripp Mickle and Paul Mozur
Reporting from Washington, New York, London, Dubai, San Francisco and Taiwan
The New York Times, September 15, 2025

This summer, Steve Witkoff, President Trump’s Middle East envoy, paid a visit to the coast of Sardinia, a stretch of the Mediterranean Sea crowded with super yachts.

On one of those extravagant vessels, Mr. Witkoff sat down with a member of the ultrarich ruling family of the United Arab Emirates. He was meeting Sheikh Tahnoon bin Zayed Al Nahyan, a trim figure in dark glasses who controls $1.5 trillion of the Emiratis’ sovereign wealth.

Snip...

Over the past few months, Mr. Witkoff and Sheikh Tahnoon had become both diplomatic allies and business partners, testing the limits of ethics rules while enriching the president, his family and his inner circle, according to an investigation by The New York Times.

At the heart of their relationship are two multibillion-dollar deals. One involved a crypto company founded by the Witkoff and the Trump families that benefited both financially. The other involved a sale of valuable computer chips that benefited the Emirates economically.

Snip...

In May, Mr. Witkoff’s son Zach announced the first of the deals at a conference in Dubai. One of Sheikh Tahnoon’s investment firms would deposit $2 billion into World Liberty Financial, a cryptocurrency start-up founded by the Witkoffs and Trumps.

Two weeks later, the White House agreed to allow the U.A.E. access to hundreds of thousands of the world’s most advanced and scarce computer chips, a crucial tool in the high-stakes race to dominate artificial intelligence. Many of the chips would go to G42, a sprawling technology firm controlled by Sheikh Tahnoon, despite national security concerns that the chips could be shared with China.

Continues...

https://www.nytimes.com/2025/09/15/us/politics/trump-uae-chips-witkoff-world-liberty.html

The only reason the US dollar remains the currency of global capitalism are the trillions of dollars offshore and the loot narco etc kingpins have stuffed in the walls of their villas.

FakeNoose

(43,133 posts)
19. Witkoff functions exactly like one of Putin's oligarchs ... except he does it all for Chump
Wed Jul 1, 2026, 11:53 AM
5 hrs ago

Why isn't the DoJ investigating this? (... don't bother answering, it's rhetorical.)

Bettie

(20,033 posts)
14. Which means he took in a lot more
Wed Jul 1, 2026, 08:51 AM
8 hrs ago

that wasn't reported.

Will we ever have an honest man in office again? And yes, I said Man. There is no way this racist, misogynist country ever elects another person who isn't white AND male again.

The US is not the country I was taught it was.

That is a gut punch some days, to have grown up believing that we're mostly good people with a few bad apples only to discover that we're a barrel full of rotted apples with a few good ones.

malaise

(299,797 posts)
17. A good friend of mine studied the lyrics of songs sung in parts of Africa
Wed Jul 1, 2026, 10:44 AM
7 hrs ago

linked to the slave trade and versions of said song we still sing in the English speaking Caribbean. The original lyrics are about the thieves who run the world,
All this to say that the effin scoundrels are everywhere and have been around for centuries. There are very few countries on our planet that actually give a shit about their citizens.

dalton99a

(96,383 posts)
15. Kick
Wed Jul 1, 2026, 08:55 AM
8 hrs ago


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.

....


-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Scamming, stealing, looting and grifting like never before



FakeNoose

(43,133 posts)
18. I thought Uday and Qusay (Jr. and Eric) were running the crypto company
Wed Jul 1, 2026, 11:49 AM
5 hrs ago

Why is Chump taking credit for this? That's my question.

Or maybe he's a silent partner, so his name is on all of it...? I don't know. He should have distanced himself from everything, but this just shows how deep the corruption really goes.

kentuck

(116,129 posts)
20. Well, we can probably double that amount?
Wed Jul 1, 2026, 01:03 PM
4 hrs ago

Because he lies about everything.

Why should we believe the numbers on this report?

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