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

  • Cheebus@lemmy.world
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    4 hours 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.

  • ShaggySnacks@lemmy.myserv.one
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    6 hours 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.

    • Yuccagnocchiyaki@lemmy.world
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      1 hour ago

      Sorry, no they won’t. They will be constrained by technicalities and obscure parliamentarian positions that we never heard of until a key issue.

      However, they will have new tech and immunity to attack the progressive left. That won’t be an issue at all

    • InputZero@lemmy.world
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      3 hours 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.

      • zbyte64@awful.systems
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        3 hours ago

        A bellwether is whether the politician supports abolishing ICE. If they are willing to uproot institutions then that includes presidential immunity.

  • inmate_p01135809@lemmy.world
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    7 hours 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
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      7 hours 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.

  • BenReilly23@lemmy.zip
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    6 hours ago

    They’re alarmed and yet nobody will do a damned thing to stop this crap . I’m so tired of this mess

  • MrSmith@lemmy.world
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    3 hours ago

    Good. Less money for Americans who voted for him or didn’t show up to vote against him.

  • moldy_rice@piefed.keyboardvagabond.com
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    9 hours ago

    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
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    9 hours 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
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      9 hours ago

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

      • dermanus@lemmy.ca
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        9 hours ago

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

  • Suavevillain@lemmy.world
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    10 hours 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.

  • nonentity@sh.itjust.works
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    13 hours 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.

    • BarneyPiccolo@lemmy.today
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      9 hours ago

      These Sociopathic Oligarchs have obvious OCD that manifests as Hoarding Syndrome, and their hoarding target is money. They have far, far more than they can ever use, and they have to have even more, even at the detriment of society, their fellow citizens, and even the world itself. They are literally destroying the planet to amass even more treasure, which they won’t even be able to use when the planet is 150 degrees, and they can’t leave their bunkers. Do we really have to wait until it gets to that point before somebody says Barney was right all alone ng, we should have shut this down long ago.

      NOW is the time to stop them, and take away their money. Many of the businesses they’ve built are detrimental to society, and we would be better off without them, or with them in control of responsible people who don’t have Financial Hoarding Syndrome, and will operate the company to benefit society, and not just make more useless profit.

      • Regrettable_incident@lemmy.world
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        8 hours ago

        I think they’re just greedy, and they think that because they’ve got more money than everyone that means they’re smarter, better, more deserving than everyone. It’s not a far jump from there to “You will all kneel before me!”

        It’s obviously profoundly unhealthy for society to have extremely powerful individuals around who have this attitude. They need to be removed from society by whatever means necessary and steps taken to ensure their ilk cannot rise again.

  • Leather@lemmy.world
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    16 hours ago

    We’re going to do corruption like no one has ever seen before! It’s going to be huge, so big… Beautiful, the corruption. Has anyone seen how beautiful my daughter, she isn’t at all, God she’s hot. No corruption there? Am I right? We’re going to do corruption like the Democrats never could, there too weak. Medical people, you know we have the best, and the smartest, they all tell me I could be a doctor too, I’m so smart. Like Ivanka, and her soft thighs. A doctor like no other! One, not unlike Jesus, a man who I’m sure would also find Ivankas breasts lovely and full… and endorse, your favorite president for doctor. I have to talk to Harvard about making me one. Right?