Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.

Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value.

Monetizing his presidency further this summer, Trump’s Truth Social media business is pushing a new scheme that offers wealthy buyers special early access to his posts for a fee of $100,000 a month, which top Democrats and public interest groups say pose serious conflict of interest and corruption issues.

This is some of why at least some Americans probably wish the Iran plot succeeded

  • jaaake@lemmy.world
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    5 hours ago

    “Look at what a good businessman he is!”

    “If it was actually illegal, he’d be in prison!”

    “He’s so savvy to not pay for things when payment is due. Why would you pay if you didn’t have to?”

    “He’s made more money while president than any other president because he’s the first non-politician president.”

    • Malyca@lemmy.zip
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      4 hours ago

      My personal favorite: “he donates his salary, that proves he isn’t in it to make money. That’s why we elected him!”