Trump Family's $3.4 Billion Earnings: Crypto, Merch, and the Presidency

Trump Family's Financial Windfalls

• 💰 An article in The New Yorker estimates the Trump family has made $3.4 billion from the presidency.
• 📈 Over $2.3 billion of this total is attributed to cryptocurrency ventures.

Crypto Ventures and Trump Media

• 🚀 The Trump family's crypto firm announced a $1.5 billion digital coin deal, with significant profits already realized.
• 📱 A major portion of recent crypto earnings comes from Trump Media and Technology Group, whose stock value is linked to sentiment about the president.
• 🔄 This meme stock has been swapped for approximately $3.1 billion in cash and Bitcoin.
• 💼 The president holds 42% of Trump Media, contributing over $1 billion to his net worth in recent months.

Monetizing the Presidency

• 🧐 The reporting focuses on income streams that depend on or monetize the presidency, distinguishing them from pre-existing business dealings.
• 🛍️ An example cited is the sale of MAGA merchandise, which can be purchased through the Trump Organization for business profit, distinct from campaign sales.
• ⚠️ This practice of including sales of what appears to be campaign merchandise on personal income disclosure forms is highlighted as unprecedented.

Responses and Distinctions

• 🗣️ Eric Trump stated they entered crypto due to being "blackballed by the big banks", a claim the reporter notes omits that banks withdrew business after January 6th.
• 🤝 Donald Trump Jr. argued they should be allowed to continue running their businesses, but the reporting clarifies it only considers income streams that cash in specifically on Donald Trump being in office.
• ❓ While direct quid pro quo is hard to prove, the astonishing rate of earnings makes the question of influence-buying more pressing.