Trump’s Profiteering Hits $4 Billion
Summary
The New Yorker investigates how Trump profits from the presidency via crypto ventures and other business deals, tallying up to about $4.05 billion. The piece traces the series of transactions involving American Bitcoin, World Liberty Financial, USD1 stablecoins, and governance tokens, and discusses regulatory and ethical concerns. It uses detailed financial tallies to argue that the Trump brand has generated substantial profits across multiple ventures, raising questions about accountability and influence.