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Inside the Trump family’s global crypto cash machine - Reuterswww.reuters.com/investigations/inside-trump-familys-global-crypto-cash-machine-2025-10-28/
251 sats \ 10 comments \ @Scoresby 4h Politics_And_Law
I'm not sure I expected anything else, but it is still impressive how Trump and sons managed to get on board with the crypto way of doing things.
In the first half of this year, the Trump Organization’s income soared 17-fold to $864 million from $51 million a year earlier, according to Reuters calculations based on the president’s official disclosures, property records, financial records released in court cases, crypto trade information and other sources. Of the first-half total, $802 million – more than 90% – came from Trump crypto ventures, including sales of World Liberty tokens.
More than half the Trumps’ income – $463 million – came from sales of World Liberty tokens alone
The family also made $336 million from sales of a Trump meme coin, $TRUMP, Reuters calculated, using assumptions vetted by five analysts.
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46 sats \ 7 replies \ @siggy47 4h
The New York Times is covering this too. It looks like there's a big media push to attack Trump using this angle. It's certainly warranted.
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36 sats \ 6 replies \ @freetx 3h
Its certainly warranted, however has anything ever been done about Pelosi being a better stock picker than Warren Buffet?
Personally I think its better for everyone if we just allow the fraud and market manipulation to be as transparent as possible - like Trump is doing. You can trade against transparent manipulation / fraud, however much harder to do when hidden.
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123 sats \ 5 replies \ @siggy47 3h
No doubt NY Times has an agenda. Trump has been impressively transparent about his corruption and self dealing, I think. Pelosi and Maxine Waters, for instance, have also been openly corrupt, but the MSM will run cover for them.
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45 sats \ 0 replies \ @Scoresby OP 3h
Yes, it's certainly not unique to the current administration. All politicians always do this. It is the nature of the incentives. I suppose it is yet another reason to limit government power wherever possible.
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102 sats \ 3 replies \ @justin_shocknet 1h
self dealing
Example?
impressively transparent
That's why its not warranted, except maybe to point out how hilarious the pearl clutching is by these hypocrites.
These rags never had an issue with the skullduggerous means these things have been done in the past, in actually harmful ways, such as stakes in companies (including foreign) that shape policy to milk taxpayers and the economy at large rather than just speculators. How much has Burisma cost americans that never even heard of it? Defense complex? Big pharma?
Shilling digital collectibles, openly signaling new industries, and publicly calling bottoms on the stock market on social before dropping a pump headline are inclusive not exclusive.
The buttrage is TDS, not substantive. Finding yourself agreeing with anything from the Langley Bugle warrants a re-evaluate of your priors.
17-fold
lol, there's that magic number again...
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102 sats \ 2 replies \ @siggy47 30m
The example that comes to mind would be his election eve meme coin rugpull.
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0 sats \ 1 reply \ @justin_shocknet 19m
Not sure what you're referring to specifically, but how is that self-dealing if he wasn't in office?
How is it corruption if people voluntary speculated on a collectible? Is NYT crying in the casino?
I do recall one of the tokens being a ticket to a dinner at MAL, standard practice for campaign contributions, how is that any different than NGO or PAC dinners with candidates?
That's before we even consider the lawfare that may have forced it as a loophole, which I had seen other articles making the case that the DJT SPAC was that.
How is this different than Hancock funding the revolution via his shipping empire against an enemy that controlled the ports?
If this is the best/only example you got then it validates my point above, it's TDS grasping for nits, not substance.
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0 sats \ 0 replies \ @siggy47 9m
The Trump shitcoin was issued on January 17, after his election and three days before his inauguration. The rug pull occurred on January 21, the day after his inauguration.
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143 sats \ 1 reply \ @0xbitcoiner 4h
And now they’re gonna have prediction markets. That’s not really ethical, depending on the kind of markets they put out. Could be halfway to insider trading.
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72 sats \ 0 replies \ @DarthCoin 4h
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