Trump acknowledges he made $1.4 billion in 2025 crypto ventures, raising ethical questions
Center
After the Office of Government Ethics revealed just how much crypto money the president has been making, Tony Dokoupil asks how this sort of thing is allowed ethically and legally.
Bizarre 250th spectacle in North Dakota sees Trump take ride on red, white and blue train – and speak with hologram of 26th presidentThe sound of YMCA by the Village People booming through the badlands of North Dakota could only mean one thing: Donald Trump’s 250th anniversary travelling circus had reached a remote corner of America more familiar with bison, wild horses and bighorn sheep.The US president visited Medora on Wednesday to dedicate a $450m library and museum honouring Theodore Roosevelt, the 26th president, in the region where he roamed as a cowboy and big-game hunter in the 1880s. Continue reading...
The Wall Street Journal reports that not only did President Donald Trump make a cool $1 billion off his connections to the White House, he managed to do it in a way that made his MAGA fans and supporters catch the short end of the grifting stick.Morten Christensen made a big bet on digital tokens sold by the Trump family’s World Liberty Financial (WLF) last year, hoping that a surge in value might be enough to help him retire. But the WSJ reports the value of those tokens instead tanked.“While Christensen and many like him lost big, the president made a fortune, netting $800 million from that crypto project, according to a financial disclosure he filed this week. “In crypto, people say a game is a game,” said Christensen, a digital-asset entrepreneur. “He played a better game than I did.”Others were much less generous over their losses.“My investment is trash now,” one user said of their WLF tokens."People backed Trump because they believed he would fight for them and were hoodwinked into thinking he cared about the working classes who brought him into power,” said a longtime Republican activist familiar with grassroots sentiment among Trump's MAGA base. “Seeing billions tied to crypto makes some loyal supporters uncomfortable and most of them have no idea what crypto is, let alone have the resources to invest in it. They feel this isn't public service anymore."“The president raked in cash by issuing new assets — World Liberty tokens and memecoins. But those who bought them at high prices had to suffer as their value went belly up, part of a wider crash in crypto,” reports WSJ. “Political followers and crypto true believers who bought into the Trump brand were left holding the bag. A crypto summer for the president was a crypto winter for them.”All told, roughly two-thirds of investors in Trump’s memecoin are currently in the red, according to crypto data provider Nansen, which tracks 1.48 million crypto wallets that bought the token since its January 2025 launch. Many fans spent thousands of dollars on Trump coins while the biggest spenders shelled out millions for the token. Nansen’s analysis of 26,663 wallets shows a whopping 85 percent of World Liberty’s $WLFI token buyers in the secondary market are underwater. This, said WSJ, was a big step away for a president who in 2021 described bitcoin as a “scam” that threatened the U.S. dollar. Now, however, Trump leads a White House that has pledged to make America the “crypto capital of the world.”“As his administration lightened regulation of the notoriously boom-and-bust sector, the Trump family’s sprawling crypto business reached into nearly every corner of the industry, drawing conflict-of-interest concerns from ethics watchdogs,” reports WSJ. “Bitcoin prices also plunged.”The White House, meanwhile, has sworn to unleash "an unrelenting, full-scale assault on the fraudsters, scammers, and corrupt operators who have looted billions from American taxpayers," with the White House Task Force to Eliminate Fraud moving "at unprecedented speed and ferocity to root out the waste, abuse, and criminal exploitation ... "that have drained billions from hardworking taxpayers."
While delivering remarks at the opening ceremony of the Theodore Roosevelt Presidential Library in North Dakota, President Trump discussed the Supreme Court decisions on presidential power and birthright citizenship.
President Trump responded to new ethics questions on two fronts - the use of a luxury Boeing Jet, gifted by the Qatari government as a temporary Air Force One, and his newly disclosed billion-dollar crypto fortune. Nancy Cordes has more.
Former CIA Director John Brennan filed a lawsuit against President Trump, the Justice Department, and senior administration officials on Wednesday over the Justice Department's criminal investigation into him.
The post JUST IN: Ex CIA Director John Brennan Sues Trump Administration Over Russiagate Probe – Lawsuit Assigned to Anti-Trump Judge Jia Cobb appeared first on The Gateway Pundit.
Illinois Gov. JB Pritzker (D) on Tuesday accused President Trump of “suffering from dementia.” Pritzker appeared on CNN, where anchor Kaitlan Collins asked the governor about recent comments made by the president, like claiming communism is a bigger threat to the U.S. than both world wars, the attack on Pearl Harbor and the Sept. 11,…
Vice President Vance on Tuesday accused Democrats of heading toward communism, citing recent Democratic primary victories by democratic socialist candidates and claiming the policies they propose are “not raising taxes a little bit.” The vice president appeared on “The Ingraham Angle” on Fox News, where host Laura Ingraham asked if democratic socialist candidates are going…
