The Trump Family and ‘Honest Graft’; Wall Street Journal, July 1, 2026

 

The Editorial Board , Wall Street Journal; The Trump Family and ‘Honest Graft’

They are profiting off the Presidency in ways that demean the office.

"Americans tell pollsters they don’t think they are getting ahead financially. But President Trump and his family are having no trouble, judging from his 2025 financial disclosure report released Tuesday. The Trump clan is cashing in on the Presidency in big and sketchy ways.

The 927-page report shows Mr. Trump made some $1.4 billion last year from crypto alone. Yowzers. This includes $635 million in royalties from the memecoin that Mr. Trump launched days before his inauguration. Trump Organization business affiliates make money from what are akin to transaction fees when the memecoin is traded.

Another $593 million came from token and equity sales by World Liberty Financial, whose co-founders include the President, his sons and special envoy Steve Witkoff. Mr. Witkoff’s son, Zach, is its CEO. A business entity affiliated with Mr. Trump and his family members owns a major chunk of World Liberty."

As Trump reports $2.2 billion in 2025 income, ethics experts raise alarm; Los Angeles Times, July 1, 2026

Jenny Jarvie, Los Angeles Times; As Trump reports $2.2 billion in 2025 income, ethics experts raise alarm

"Ethics experts sounded the alarm Wednesday after new financial disclosure reports revealed that President Trump’s income ballooned to $2.2 billion in 2025, with $1.4 billion coming from various new cryptocurrency-related businesses.

“It’s bribery. It’s graft. It’s exploitation of public power for private financial gain,” said Kathleen Clark, a law professor at Washington University and an expert in government ethics. “Trump has — with the acquiescence of a somnolent, GOP-controlled Congress and the active assistance of John Roberts’ Supreme Court — transformed the presidency into a massive corruption racket.”

Trump reported income of over $600 million in 2024. But after he entered the White House in 2025, he reported that his income had soared to more than $2.2 billion."

Trump’s family is embroiled in a $500m UAE scandal. We’ve hardly noticed; The Guardian, February 6, 2026

Mohamad Bazzi, The Guardian ; Trump’s family is embroiled in a $500m UAE scandal. We’ve hardly noticed

"Days before Donald Trump returned to office in January 2025, an investment firm controlled by a senior member of the United Arab Emirates royal family secretly signed a deal to pay $500m to buy almost half of a cryptocurrency startup founded by the Trump family. Under any other president, such an arrangement, which was revealedthis past weekend by the Wall Street Journal, would cause a political earthquake in Washington. There would be demands for an investigation by Congress, televised hearings and months of damage control.

But this latest example of corruption involving Trump and his family business hardly made a blip over the past few days, relegated to a passing headline in a relentless news cycle often dominated by Trump’s actions and statements.

This scandal deserves our attention: a half-billion-dollar transaction with a foreign government official, executed in the shadow of Trump’s inauguration, which directly enriched the president and his family. The deal to acquire a 49% stake in World Liberty Financial, the crypto companyfounded by the Trump family and several allies in the fall of 2024 during Trump’s presidential campaign, was backed by Sheikh Tahnoon bin Zayed Al Nahyan, one of the most powerful officials in the UAE. Known as the “spy sheikh”, Tahnoon is the brother of the UAE’s president and serves as national security adviser. He also oversees one of the largest investment empires in the world, serving as chair of two Abu Dhabi sovereign wealth funds, which have $1.5tn in assets, and G42, a firm focused on artificial intelligence.

It’s dizzying to keep up with the ways that Trump has monetized the presidency and used it for personal profit in his second term. The Trump Organization, run by the president’s sons, has negotiated foreign real estate deals worth billions of dollars, some of which involve private companies backed by governments of the three wealthiest Arab petrostates: Saudi Arabia, Qatar and the UAE. In May, as Trump prepared to visit the Middle East, Qatar’s government donated a $400m luxury Boeing jet, which is being refitted by the US military so Trump can use it as Air Force One. It was probably the most expensive gift from a foreign government in US history – and Trump has said the plane will be transferred to his presidential library when his term ends in 2029, meaning he could still use it after he leaves the White House."

'Spy Sheikh’ Bought Secret Stake in Trump Company; Wall Street Journal, January 31, 2026

Sam Kessler,  Rebecca Ballhaus, Eliot Brown, and Angus Berwick, Wall Street Journal; 'Spy Sheikh’ Bought Secret Stake in Trump Company

"Four days before Donald Trump’s inauguration last year, lieutenants to an Abu Dhabi royal secretly signed a deal with the Trump family to purchase a 49% stake in their fledgling cryptocurrency venture for half a billion dollars, according to company documents and people familiar with the matter. The buyers would pay half up front, steering $187 million to Trump family entities."

A Plane From Qatar? C’mon, Man.; The New York Times, May 14, 2025

Norman Eisen, Virginia Canter, and Richard W. Painter

The writers were ethics counsels in the Clinton, George W. Bush and Obama White Houses., The New York Times; A Plane From Qatar? C’mon, Man.

"As lawyers responsible in recent White Houses for enforcing the rules against foreign government presents for presidents, we believe Donald Trump is transgressing them in the most brazen of ways. We’re not just talking about his apparent eagerness to accept an airplane valued at about $400 million from Qatar. His crypto entanglements are just as bad — perhaps even worse." 

Trump Begins Selling New Crypto Token, Raising Ethical Concerns; The New York Times, January 18, 2025

 Eric Lipton, The New York Times; Trump Begins Selling New Crypto Token, Raising Ethical Concerns

"President-elect Donald J. Trump and his family on Friday started selling a cryptocurrency token featuring an image of Mr. Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.

Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Mr. Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.

Mr. Trump himself announced the launch of his new business on Friday night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan, “Join the Trump Community. This is History in the Making!”...

The move by Mr. Trump and his family was immediately condemned by ethics lawyers who said they could not recall a more explicit profiteering effort by an incoming president."

What Is Happening to the People Falling for Crypto and NFTs; The New York Times, May 5, 2020

 Farhad Manjoo, The New York Times; What Is Happening to the People Falling for Crypto and NFTs

"In the past year Yuga Labs, the well-funded start-up that makes Bored Apes, has embarked on a parade of new and even farther-out digital spinoffs of its simians. Its latest ventures have highlighted the head-scratching, money-burning, broken-casino vibe of what’s being called the internet’s next big thing. Cryptocurrencies, blockchains, NFTs and the constellation of hyped-up technologies known as “web3” have been celebrated as a way to liberate the internet from the tech giants who control it now. Instead what’s happening with Bored Apes suggests they’re doing the opposite: polluting the digital world in a thick haze of errors, swindles and expensive, largely unregulated financial speculation that ruins whatever scrap of trust still remains online...

But how many people have to lose their shirts before we realize that web3 isn’t a solution to any of our problems?"