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submitted 3 weeks ago* (last edited 2 weeks ago) by Sunflier@lemmy.world to c/politics@lemmy.world

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

Do you hear the people sing? Singing the song of angry men.

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[-] homesweethomeMrL@lemmy.world 106 points 3 weeks ago

I mean . . . Yeah. We know. We’ve been watching it happen every goddamned day.

Thanks for the reminder Guardian. Maybe you could name and shame a little more? It’s not happening magically. People with names and institutions are doing this corruption, so. Map it out. kthx.

[-] Whostosay@sh.itjust.works 31 points 3 weeks ago

What the hell should they do?? Investigate and do journalism???

[-] homesweethomeMrL@lemmy.world 7 points 3 weeks ago

I’m a rebel, Dottie. A loner.

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[-] dudeface@lemmy.world 36 points 3 weeks ago

How do any remaining supporters justify this?

[-] bunnybunny@lemmy.zip 37 points 3 weeks ago

They don’t, they will just scream ‘fake news!’

[-] danc4498@lemmy.world 8 points 3 weeks ago

They only trust the news that reports the things they want to hear.

I think there’s others that think the things he does for the country are good. And they take the good with the bad. Like lowering taxes (even though mostly the rich benefitted from that). Or whatever the fuck DOGE claimed to do. Or brain worm measles you.

They believe that everyone does it, and that Trump is just better at it.

That's why if you point out something corrupt they point to someone else who the think did something corrupt, instead of saying both should be investigated and punished if actually guilty.

[-] CharlesDarwin@lemmy.world 8 points 3 weeks ago

Exactly: "Hunter Biden and his laptop! And Hunter sold art, can you even believe it? Hillary's emails! Bill Clinton gets speaking fees, how is that even possible?"

[-] artyom@piefed.social 17 points 3 weeks ago

Lol remember when Hillary's emails was this years-long scandal? And we just rolled over Signalgate in a couple weeks.

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[-] jaaake@lemmy.world 17 points 3 weeks 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 12 points 3 weeks ago

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

[-] prole@lemmy.blahaj.zone 7 points 3 weeks ago

They don't have to.

They'll never hear about it, and will tell you it's fake when you show them

[-] superglue@lemmy.dbzer0.com 5 points 3 weeks ago

The response you will get is "This is nothing new! Bill Clinton was worse..."

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[-] BigMacHole@thelemmy.club 30 points 3 weeks ago

But he DOESNT take a Salary!

-Free Thinking NOT GULLIBLE Republicans!

[-] Cosmonauticus@lemmy.world 8 points 3 weeks ago

Just call them fucking stupid at this point. If you voted for a conman TWICE you're a fucking idiot

A lot went three times.

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[-] CharlesDarwin@lemmy.world 26 points 3 weeks ago

I so want him and all of his family thrown into prison. It is all so brazenly corrupt.

[-] Insekticus@aussie.zone 12 points 3 weeks ago

Don't forget to take every last cent the family has. Literally leave them with nothing as punishment.

[-] CharlesDarwin@lemmy.world 5 points 3 weeks ago

Agreed. Because they are not likely to serve full sentences; they should have to come out and live as paupers.

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[-] leadore@lemmy.world 21 points 3 weeks ago

And that $2.2B is just what he reported on his taxes--i.e. the technically legal income.

[-] Madison420@lemmy.world 11 points 3 weeks ago

Well yes and also it doesn't include the money his family has made from deals made after he got office. It's on the order of 5bil+.

[-] the_q@piefed.social 17 points 3 weeks ago

We could end this in a few weeks if we acted. Everyone wants to hold on to what little they have instead of losing it for a better future.

[-] thethrilloftime69@feddit.online 5 points 3 weeks ago

People will die. People have kids they need to raise. People have parents they need to take care of. If we burn the system down, all that is over. Your hopes of a good life in your lifetime end with revolution. You basically have to sacrifice an entire generation to burn this system down. Maybe we'll get there soon, but people are still hoping to make it to the other side in one piece.

[-] BenLeMan@lemmy.world 5 points 3 weeks ago

Yeah, let's make our kids figure this out. It's not like they'll be kind of busy dealing with global warming and all those other nice challenges we've left them.

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[-] DuncanTheDrunk@lemmy.world 5 points 3 weeks ago

I believe part of the issue is that in addition to the regulatory system being captured, the media has been as well. Sure there are some late night shows poking fun, but major news networks are being bought up one after another.

It's difficult to organize when half the news pretends this is normal and the other half openly celebrates this degradation of our systems. Unfortunately I fear things will get worse before they get better.

[-] lukaro@lemmy.zip 14 points 3 weeks ago

Wishing tons of non viloent misfurtunes to happen to all republicans.

I'm also wishing violent ones. After all, republicans are nazis, and the only good nazi is the dead nazi.

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[-] ShaggySnacks@lemmy.myserv.one 14 points 3 weeks ago

There is no need to stress. The next Democratic President will issue blanket pardons, will no do investigations, or Presidential Commissions, or anything that sort.

The Epstein Class always protects each other.

[-] InputZero@lemmy.world 7 points 3 weeks ago* (last edited 3 weeks ago)

"Now is the time for unity, and to forgive our neighbors" Says every Democrat after a Republican president.

"The Democrats are all antifa-terrorists and should be rounded up into a camp." Says every Republican after a Democratic president.

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[-] Olhonestjim@lemmy.world 13 points 3 weeks ago

All that money and still an utterly worthless man.

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[-] inmate_p01135809@lemmy.world 13 points 3 weeks ago

He has set the precedent that presidents and their families can not only continue to run businesses while in office, but make governing decisions that lead to profit for those businesses. Oh, and getting payments for advertisements from the Resolute desk, and putting up paid advertisements on government property. Oh, and punish federal funding to states, companies, Universities, etc. for not following his executive orders, which are not laws, but are being treated as such.

The only way to remedy this, I figure, is to have a democrat in office do every. single. thing. he is doing in office, until each thing has a law created by the other branches of government to make it illegal going forward.

[-] UnderpantsWeevil@lemmy.world 9 points 3 weeks ago* (last edited 3 weeks ago)

The only way to remedy this, I figure, is to have a democrat in office do every. single. thing. he is doing in office

If you think Ritchie Torres, Elissa Slotkin, and Pete Buttigieg are going to save the county, you're going to be very disappointed.

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Likewise some analysts are troubled by how Trump has circumvented the constitution’s prohibition on foreign emoluments by accepting a $400m plane as a gift from Qatar, and how other wealthy foreigners have backed some Trump family hotel and golf deals abroad.

Doesn't the constitution ban all emoluments?

Or is this just saying that the other reps are only outraged by accepting foreign bribes, because they all accept domestic bribes..

[-] moldy_rice@piefed.keyboardvagabond.com 12 points 3 weeks ago* (last edited 3 weeks ago)

an “unprecedented” $2.2bn in 2025 revenues by...expanding his Truth Social business and more

What? How does that make money? Is he selling sugar pills that claim to make your penis bigger or sth?

Edit:

Canter added that “Trump is increasingly dependent on the presidency to generate business profits since his media company has been losing money over the past several quarters.”

Trump Media & Technology, the company behind the Truth Social platform, on 10 August announced it lost a whopping $238m in the three months through June as it branched out into new businesses including crypto.

Oh, that sounds more correct

[-] Dnb@lemmy.dbzer0.com 12 points 3 weeks ago

He's selling early access to his tweets for money laundering and stock manipulation

[-] dermanus@lemmy.ca 7 points 3 weeks ago

"You too can enjoy the same insider access as Barron Trump for the low, low price of $100,000 a month!"

[-] NocturnalMorning@lemmy.world 12 points 3 weeks ago

So glad we elected this guy again instead of putting him in prison...

[-] Cheebus@lemmy.world 11 points 3 weeks ago

As far as I can tell republicans chose this life for all of us because they were upset that:

They had to wear a mask during covid. Gay people are allowed to be happy. Obama wore a tan suit that one time. Buttery emails.

So now we all get to live shit hole life’s because the crabs at the bottom of the bucket decided to yank everyone down with them and install a king.

If you vote republican, fuck you, genuinely.

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[-] Jumi@lemmy.world 11 points 3 weeks ago

Many Americans seem to be fine with that, must be some kind of national kink.

[-] BarneyPiccolo@lemmy.today 10 points 3 weeks ago

"But he doesn't even take a salary!" -MAGA Morons

[-] thethrilloftime69@feddit.online 8 points 3 weeks ago

Trump is the most openly American president to ever live. The stuff he does in the open, were happening in secret for decades. The secret is out.

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[-] nonentity@sh.itjust.works 8 points 3 weeks ago

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

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[-] Suavevillain@lemmy.world 7 points 3 weeks ago

Just pure robbery in board daylight. Trump cultists don't care mind you these people were stuck on a laptop for like 5 years lmao.

[-] Diddlydee@feddit.uk 7 points 3 weeks ago

Early access for 100k? Fuck me sideways. Some twats will do it.

[-] RainbowBlite@piefed.ca 6 points 3 weeks ago

They do it and then cash in on Polymarket bets based on advance knowledge.

[-] Grannymcgrannypants 9 points 3 weeks ago* (last edited 3 weeks ago)

It's crazy that Martha Stewart went to prison for insider trading, and now the president is selling it.

[-] Assassassin@lemmy.dbzer0.com 6 points 3 weeks ago

And what's he even going to do with it? Dude is a walking caricature of American diet related health problems, in his 80s. Beyond the fact that so many groups would love to take a shot at him, he's pretty likely to take himself out within the next few years anyway.

So what's the point of getting absurdly rich? You can't take it with you, and he very obviously only cares about himself, so he isn't doing it for his family.

[-] resipsaloquitur@lemmy.cafe 9 points 3 weeks ago

My father was a malignant narcissist.

They do live through their children. Not in any sort of nice, generous way. But they try to clone themselves via their offspring. Look like me, follow in my professional footsteps, have the same opinions about everything.

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[-] SeeMarkFly@lemmy.ml 5 points 3 weeks ago

Now isn't that funny? It cost MORE to make a rich person richer than it does to make me rich.

Go figure.

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this post was submitted on 13 Aug 2026
816 points (99.4% liked)

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