President Trump’s 2024 financial disclosure, a 234-page document, reveals substantial income from diverse sources. A significant portion stems from his $57 million stake in World Liberty Financial, a cryptocurrency platform co-founded with his sons. Royalty payments from merchandise bearing his name and likeness, totaling millions, also contributed substantially to his earnings. The report further details assets including substantial holdings in Trump Media and Technology Group, alongside liabilities such as credit card debt and payments to E. Jean Carroll. This contrasts sharply with the significantly shorter disclosures filed by his predecessors.
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Trump is bleeding hundreds of millions of dollars, and it’s largely due to the escalating conflict between him and Elon Musk. The fallout from their public feud has significantly impacted Trump’s financial holdings, particularly in his media company and cryptocurrency ventures.
Trump Media & Technology Group stock experienced an eight percent drop, translating to an approximate loss of $202 million for Trump. This decline is a direct consequence of the negative publicity and uncertainty surrounding the ongoing feud, undermining investor confidence in the company’s future prospects.
Adding to his financial woes is the substantial decrease in the value of his MAGA-themed cryptocurrency.… Continue reading
House Speaker Mike Johnson dismissed concerns regarding President Trump’s crypto-currency dealings, citing his busy schedule with the reconciliation package. Johnson’s claims of ignorance about a private dinner for top investors in Trump’s cryptocurrency, despite the potential for conflicts of interest and foreign influence, contrast sharply with his previous scrutiny of President Biden. The Trump family’s substantial gains from these investments, coupled with the lack of transparency surrounding the dinner attendees, raise significant ethical questions. Johnson’s repeated dismissal of oversight underscores a perceived double standard in congressional accountability depending on the president’s party affiliation.
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President Trump’s sale of nearly $200 million worth of his branded cryptocurrency coins grants access to him for high-paying purchasers, raising concerns of corruption. This “auctioning off of access,” as Senator Blumenthal stated, involves winners receiving a gala dinner and VIP reception with Trump, actions deemed unprecedented by historians. The White House denies any wrongdoing, while critics point to the lack of transparency and potential constitutional violations. This cryptocurrency venture, alongside other business dealings, raises questions about the President’s personal enrichment through his office, particularly given his refusal to release tax returns.
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GD Culture Group, a small Chinese e-commerce firm with ties to the Chinese government, recently invested $300 million in both Bitcoin and Donald Trump’s $TRUMP meme cryptocurrency. The investment, funded through a stock sale to an undisclosed entity in the British Virgin Islands, marks the first known instance of a Chinese government-linked company purchasing $TRUMP. This purchase coincides with Trump’s recent $TRUMP coin promotion, a contest offering a private dinner to top buyers, raising concerns about potential corruption and the use of the cryptocurrency to influence the former president. The investment’s exact allocation between Bitcoin and $TRUMP remains unclear, yet it underscores the $TRUMP coin’s ability to attract foreign investment seeking access to Trump.
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Former President Trump will host two lucrative cryptocurrency dinners, one costing $1.5 million per attendee, raising concerns about potential conflicts of interest. These events coincide with Trump’s promotion of cryptocurrencies and his stated goal of making the U.S. the “crypto capital of the world,” despite criticisms that he profits from policies he advocates. Groups like State Democracy Defenders Action and Accountable.US have voiced strong concerns about the ethical implications of Trump’s actions, citing a potentially corrupt self-enrichment scheme. The value of Trump’s memecoin, $Trump, has surged since the dinner announcements.
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Senator Elizabeth Warren and Senator Jeff Merkley are urging the U.S. Office of Government Ethics to investigate a deal between a UAE investment firm, Binance, and World Liberty Financial, a Trump-affiliated cryptocurrency company. This deal, potentially enriching the Trump family and Steve Witkoff, raises serious national security concerns due to its potential for conflicts of interest and foreign influence. The senators argue the arrangement could violate the Constitution and create opportunities for quid pro quo exchanges that jeopardize national security. Their letter highlights the substantial financial benefits for the Trump family and the inherent risks associated with this complex transaction.
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Despite economic downturn, including a shrinking GDP, billions in losses for domestic car manufacturers, and rising unemployment, a Trump aide defended the administration’s tariff policies, citing potential long-term benefits despite current hardship. Republican support for the tariffs remains fractured, as evidenced by a Senate vote where Vice President Vance’s tie-breaking vote overruled a bipartisan effort to condemn them. The administration continues to downplay negative economic consequences, attributing them to external factors while predicting an imminent economic boom. This disconnect highlights the growing internal conflict within the Republican party over the economic impact of Trump’s trade policies.
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Former President Trump’s newly announced $Trump meme coin has sparked controversy, with significant investment pouring in following the promise of an exclusive dinner for top buyers. Millions of dollars have been invested in the cryptocurrency, with the identities of major investors remaining anonymous. This fundraising scheme, launched shortly before Trump’s inauguration, has been criticized as the “most brazenly corrupt thing a President has ever done” by Senator Chris Murphy. The coin’s value, initially high, plummeted after its initial surge.
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President Trump pardoned Arthur Hayes, Benjamin Delo, Samuel Reed, and Gregory Dwyer, former executives of the cryptocurrency exchange BitMEX. The pardons follow guilty pleas to violating the Bank Secrecy Act due to the lack of anti-money laundering and know-your-customer programs. Sentences included probation and substantial fines totaling $30 million in civil penalties and a $100 million fine for BitMEX. Delo stated the charges were unwarranted and that the pardon vindicates their position.
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John Q. Hosedrinker 
Matt Underwood