Wednesday, July 01, 2026

White House Inc.

The pay-as-you-play Trump administration is making the President and his family very rich.

The Post reports: “President Donald Trump’s reported income soared to more than $2.2 billion in 2025, as the president took in more than $1.4 billion from cryptocurrency, digital tokens and related partnerships, according to his latest financial disclosure forms."

“The 2025 disclosure includes $635 million in royalties from a license agreement with Celebration Coins; at least $525 million in proceeds from token sales by World Liberty Financial, a cryptocurrency project founded by Trump and his sons; $65 million in proceeds from World Liberty Financial’s equity sale; and $196 million in net proceeds from a stablecoin transaction.”

From the Times: (N)ever 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.

“Presidential historians said they could identify no other president in American history who entered into new business enterprises just before moving into the White House, and then continued to personally profit from them during his term.”

Indeed, in our 250 years as a republic, we have never seen corruption on this scale at the White House. It is pure, unapologetic greed.

Meanwhile, for the rest of us, grocery prices keep going up, home ownership has become an unreachable dream for our children, and AI is replacing them in the workforce increasingly controlled by billionaires like Trump.

Is there any wonder why Democratic Socialists are starting to win elections across the land?

HEADLINES:

  • Trump’s income topped $2 billion in 2025, boosted by crypto, coin ventures (WP)

  • Trump’s Moneymaking Run: Unrivaled in Presidential History (NYT)

  • Speaker Johnson abandons floor agenda, sends members home early amid GOP rebellion (CNN)

  • Supreme Court upholds birthright citizenship, rejecting Trump’s proposed limits (AP)

  • Poll: Americans split on whether being U.S.-born is important for being ‘truly American’ (NBC)

  • Supreme court rules states can exclude trans athletes from female sports (Guardian)

  • Supreme Court strikes down coordinated campaign spending limits (CBS)

  • Left-Wing Insurgent Ousts 15-Term Congresswoman in Colorado (NYT)

  • Iran’s leverage over Strait of Hormuz snarls Trump’s push for a deal (WP)

  • US envoys in Doha to meet mediators but not Iranians, Qatar says (BBC)

  • Trump’s Obsession With Executive Power Will Cost Him (Bulwark)

  • Inside the Great American State Fair’s carnival of contrasts (Axios)

  • Trump now ‘hates’ his own trade deal. But he’ll have a hard time killing it. (Politico)

  • Venezuela’s earthquakes are a somber warning for US preparedness (The Hill)

  • Putin Faces Increased Pressure as Moscow Is Again Attacked by Drones (NYT)

  • As war stalls, Putin concedes he never cut a deal with Trump in Alaska (WP)

  • Melania Trump calls for US to support both transgender athletes ban, LGBTQ+ rights (The Hill)

  • LeBron James to play record 24th NBA season, but not with Lakers (NYT)

  • ‘Humanity has chosen to become idiots’: This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating (Fortune)

  • How A.I. Is Changing the Way Politicians Run for Office (NYT)

  • Delivery Robots Abandon College Campuses Like A Failed Military Occupation (Jalopnik)

  • A chess grandmaster on what AI visionaries don’t understand (WP)

  • We’re Only Starting to Grasp the Pitfalls of Using A.I. at Work (NYT)

  • Supreme Court Upholds Temporal Gerrymander That Would Cost Democrats 1932 Election (Onion)

 

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