Whereas tens of millions of U.S. residents have spent the final 12 months and a half having to stretch a greenback additional than they did earlier than the commander-in-wars-and-tariffs took workplace in January 2025, President Donald Trump has finished nothing however additional enrich himself, whereas purporting to be a champion of the widespread man who waived his presidential wage to show his dedication to on a regular basis Individuals.
In reality, final 12 months, Trump’s revenue elevated by greater than $2.2 billion, due largely to his cryptocurrency holdings and associated ventures, in accordance with his newest monetary disclosure kinds.
From the Washington Post:
The figures signify an unlimited enlargement over his first time period, when Trump reported still-significant revenue positive factors however on a smaller scale.
Trump reported making a minimum of $440 million in 2019, pushed primarily by his actual property companies, in accordance with monetary disclosures launched the next 12 months. In 2024, earlier than he retook workplace, he reported making over $600 million.
Trump’s surge in revenue contradicts a frequent declare by his aides that his time in workplace has worsened his monetary state of affairs.
“This can be a president who has truly misplaced cash for being president of the US,” press secretary Karoline Leavitt advised reporters final 12 months.
So, apparently, we’re all speculated to ignore that the president of the US has been a residing, respiration cryptocurrency business for the final 12 months and a half that he has occupied the Oval Workplace, which means he has used the presidency to amplify a selected supply of his income, and — lo and behold — that very income supply made him greater than $2 billion-with-a-B richer. No conflicts of curiosity there, amirite?
“Effectively, we definitely by no means noticed something like this within the Bush administration or with any current presidents. Donald Trump stands alone in having such substantial monetary conflicts of curiosity with official duties as president of the US, and cryptocurrency is an instance of an space the place he by no means made any cash earlier than,” former White Home ethics lawyer Richard Painter, who served underneath former President George W. Bush, told Morning Edition this week. “Certainly, 5 years in the past, President Trump mentioned that bitcoin was a rip-off, implied the complete cryptocurrency trade was a rip-off…making an attempt to compete with the greenback, and now we see the president…and his household invested in substantial quantities of cryptocurrency, and inside his first 12 months in workplace, in 2025, he made, apparently, a billion {dollars} or so in cryptocurrency, whereas he was issuing government orders that have been meant to spice up the cryptocurrency trade within the markets. This can be a clear battle of curiosity. For each different government department official, it could be a violation of a felony battle of curiosity…”
Certainly, as just lately as 2021, Trump was calling cryptocurrency “a scam against the dollar.” Then, in 2025, he started signing a sequence of government orders that demonstrated a 180 on that place, together with a Jan. 2025 directive on digital property, a March 2025 order establishing a Strategic Bitcoin Reserve, and a May 2026 directive ordering the Federal Reserve to assessment crypto companies’ entry to grasp accounts.
Of us, there’s a motive a bunch of crypto buyers installed a golden statue of Trump holding a bitcoin outdoors of the U.S. Capitol final 12 months, and there’s a motive the president included in a settlement with the IRS phrases that granted him, his household, and his companies immunity from any claims concerning previous tax points.
But, to listen to the president inform it, he’s solely profiting due to what his administration has finished for the inventory market, which he and his followers continuously tout as proof the U.S. economic system is flourishing, as a result of the worth of products, the job market, and the budgets of common residents positive as hell aren’t reflecting that.
“Effectively, you realize why I’m profiting? As a result of the inventory market’s going up, everyone’s profiting … so we’re all profiting. I’m profiting as a result of I’ve some huge cash and a whole lot of money, and I give it to establishments,” Trump advised reporters as he ready to board Air Power One.
I feel everyone knows that when Trump says “we’re all profiting,” the phrase “all” is doing a whole lot of heavy lifting — largely for billionaires.
Anyway, I’m simply going to go forward and depart you with this picture right here….
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