Dems rail against corruption after Trump financial disclosure

[BumRushDaShow]

Source: The Hill

07/01/26 6:03 PM ET


In his annual financial disclosure released Tuesday, Trump revealed about $594 million in income from World Liberty Financial, the crypto business he launched with his sons in fall 2024, and another $635 million that appears to be linked to the president’s meme coin.

“Trump made $1+ billion from his crypto ventures while in office,” Rep. Jason Crow (D-Colo.) wrote in a social media post Wednesday. “Today he’s taking his first flight on his illegal $400 million gift from a foreign government,” he added, referring to the new jet gifted to the president by Qatar. “This grift and corruption is staggering. Accountability is coming.”

Sen. Adam Schiff (D-Calif.) suggested that Trump has made more money in the first year of his presidency “than in the rest of his life combined,” with The New York Times reporting he raked in a total of $2.2 billion last year.

Trump has repeatedly faced scrutiny in his second term, as he and his family have become increasingly involved in the crypto industry.

Read more: https://thehill.com/newsletters/technology/5950541-dems-rail-corruption-trump-crypto/

[FakeNoose]

1. I don't get it ... last year he sued Uncle Sam for revealing his income tax forms

Remember that? He sued for $10 billion, or some ridiculous number, and "settled" for $1.76 billion, which we're still arguing over.

Now he's revealing - voluntarily - the same information, only it's as recent as last year.

[BumRushDaShow]

2. This is a different release

Not the income tax returns but the mandatory SEC filings for his companies (usually quarterly).

[Bayard]

3. Disgusting

Anyone think he's going to pay taxes on all this?

[young_at_heart]

4. I'd be interested to know how many Americans approve?

I also wonder how many Americans are even aware?? To read in the NY Times that our president "raked in" $2.2 billion last year makes me want to throw up!!

[Sneederbunk]

5. It's the corruption, stupid.

[LetMyPeopleVote]

6. MaddowBlog-As Trump profits from the presidency, he tries (and fails) to defend his massive windfall

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.