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."