Tag: trump grifting
Tim Scott and Donald Trump

Not Joking! GOP Senator Praises Trump's Compliance With 'Ethics Standard'

Republican patsy Sen. Tim Scott (R-SC) appeared on Fox Business to push the Digital Market Asset Clarity Act—a huge crypto deregulation bill that threatens to legally enshrine the weak oversight and poor consumer protections of cryptocurrency markets.

“Let’s remind ourselves President Trump has done something no other president in the history of our country said ‘yes’ to,” Scott said, “which is complying to the ethics strategy and standard for all elected officials. We’ve never had a president ever say ‘yes’ to that issue, that question, so it’s good news.”

The “ethics strategy and standard for all elected officials” Scott is referring to amounts to a paper-thin bit of oversight framework that Republicans have cooked up, placing enforcement of cryptocurrency conflicts-of-interest rules under the control of the president himself. It means that oversight would ultimately fall to the same Department of Justice that Trump has weaponized to target his political enemies while extending clemency and paying off political allies doing his bidding.

There are very few parts of Trump’s agenda that are not soaked in corruption. Cryptocurrency, however, has become one of the Trump family’s most lucrative ventures, generating billions of hard-to-trace dollars since jumping into the racket. The Clarity Act is set to clear the way for more money to flow into their biggest grift yet.

Conservative National Review Urges Trump Impeachment Over Latest Grift

Conservative National Review Urges Trump Impeachment Over Latest Grift

On Wednesday, the National Review – the preeminent conservative magazine since 1955 — called it: President Donald Trump has done the “impeachable.”

“There is no plausible defense of Trump's TruthSocial scheme,” declared National Review Senior Editor Charles Cooke. “It is flagrantly corrupt. It is impeachable. Congress should intervene. (It won't, I know.)” He posted this assertion over his latest article, entitled “Truth Social’s Early-Access Scheme Is Indefensible.”

As he explains, over the weekend, the Trump Media & Technology Group announced the creation of a “real-time feed on the Truth Social website that will give paying institutions early access to certain high-profile posts for between $60,000 and $100,000 per month.” Cooke doesn’t hold back with his assessment of the scheme, writing, “There is no credible defense of this. The only reason that anyone would want priority access to Truth Social is to gain priority access to President Trump’s pronouncements on that platform. And the only reason that anyone would want priority access to President Trump’s pronouncements on that platform is to act on them for pecuniary gain.”

As Cooke elaborates, “Trump often uses Truth Social as the primary forum for his announcements — announcements that include changes to personnel, the imposition or rescission of tariffs, key foreign policy decisions, and more. These announcements are extremely useful to financial institutions, and, in the age of high-speed trading, the faster those financial institutions can obtain them, the more money those financial institutions can make. Facilitating this access is not a byproduct of Truth Social’s API offering; it is its core — perhaps its sole — purpose. Simply put: President Trump is charging Americans a fee — a fee that, in part, goes into his family’s pockets — for the privilege of receiving news about his official actions earlier than those who do not pay.”

According to Cooke, it is “obvious how unequivocally corrupt this setup is. Technically speaking, the beneficiaries will not gain the information they seek directly from Trump himself, but indirectly, via an API (Application Programming Interface) whose output will be processed by a bunch of semi-autonomous servers and acted upon according to a set of predetermined parameters. But the results will be the same as if Trump had personally picked up the phone.”

He continues, “Good traders do not react to the news on the fly; they have plans of action, which are to be implemented if a war starts or ends, if taxes are raised or cut, if the Federal Reserve’s next chairman is expected to be hawkish, dovish, or somewhere in between, and so on. If, instead of using Truth Social as the middleman, President Trump announced that, for a hefty annual charge, he would call a select group of brokers at the stock exchange to inform them of his important decisions, and thereby give them a head start in executing their plans, we would call that what it is: corruption. Why not here?”

Here Cooke concludes in rare agreement with Democratic lawmakers, writing, “Senators Warren and Schiff have described Trump’s plan as ‘an outrageous abuse of the President’s office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders.’ They are correct… It is certainly a grave offense against honesty, transparency, and good government. If it has any self-respect, Congress will respond to the president’s brazen provocation by passing a law that renders his model flatly illegal. And, if that fails to persuade him, it will impeach and remove him from office, the better to drain the swamp.”

Reprinted with permission from Truth Social

Trump Biographer: Angry Presidential Grifter Believes He 'Deserves' Billions

Trump Biographer: Angry Presidential Grifter Believes He 'Deserves' Billions

President Donald Trump's second term has come to be defined by a seemingly endless series of self-serving grifts, and according to his one-time biographer, there is a particular "demented" fantasy he is using to justify this bottomless greed.

Michael Wolff is a longtime reporter and author, best known for a series of books chronicling the behind-the-scenes chaos of Trump's first term, based on insider White House sources. During the latest episode of his Daily Beast podcast, "Inside Trump's Head," he and co-host Joanna Coles touched on the Trump administration's recent deal to allow a company partially owned by the president's sons, Donald Trump Jr. and Eric Trump, to mine tungsten, a key mineral for military projects, in Kazakhstan, with the project receiving up to $1.6 billion in federal funding.

“It’s an extraordinary story,” Wolff said about the deal. “The grift is the grift and the grift is there, but this is... just completely out in the open.”

Speaking further on the matter, Wolff delved into Trump's motivations for self-serving deals and grifts like this, revealing a personal revenge motive that underpins all of it.

“The really interesting thing is what Donald Trump thinks about this,“ Wolff explained. ”We tend to... see him as he’s completely cynical: ‘Just give me the money.’ I don’t think that’s exactly the case. I think it is that he — profoundly in his mind, in his head — believes he deserves this."

He continued, giving voice to Trump's mindset: “‘It’s a fair exchange. I’m Donald Trump, I’m the president of the United States. I should get something out of this.'"

According to financial disclosure documents obtained by the New York Times on Tuesday, Trump took in a "stunning windfall" of around $2.2 billion in 2025, up from just $622 million in 2024, prior to his return to the White House. The report further revealed that the revenue came from a United Arab Emirates-affiliated wealth fund that acquired a major stake in "the Trump family’s main crypto company, World Liberty Financial, a transaction that blurred the line between foreign policy and private enterprise." The Trump organization has also been "licensing the Trump name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar."

“It’s not just grift for him. It’s truly revenge — a revenge that he deserves, that he is due," Wolff added. “This is an important thing and a step beyond... certainly any kind of grift that I’m familiar with, even historical grift. It’s a much more elaborate psychology here in which he deserves it... This is all Donald Trump always against the establishment and the system, and ‘They’ve done me wrong, so I should be paid.’”

Reprinted with permission from Alternet


Trump Family Wins Big Again In Crypto, While Their Investors Lose Even Bigger

Trump Family Wins Big Again In Crypto, While Their Investors Lose Even Bigger

The Trump family cashed in big on a $500 million crypto deal, but their investors didn’t get so lucky.

In August 2025, Donald Trump Jr. and younger brother Eric inked a deal with Alt5 Sigma and celebrated at the Nasdaq stock exchange in New York City.

But less than 10 months later, the business that brought the first family a huge windfall is now facing closure.

With stock prices plummeting, Alt5 Sigma—now renamed AI Financial Corp.—is facing being delisted from the Nasdaq. But because of its prior purchase of $1.5 billion in crypto tokens from the Trump brothers’ trading platform World Liberty Financial, the family cashed in—despite the failure that quickly ensued for the financial technology company.

The suspicious nature of the deal prompted attorneys for Democracy Defenders Fund to urge the Securities and Exchange Commission to launch an investigation.

Attorneys warn that Alt5 Sigma had participated in “steering investor funds to entities co-owned by President Trump and his associates.”

The SEC has not launched an investigation or acknowledged the letter from the nonpartisan organization.

The Trump brothers have been heavily involved in the crypto community, building out the family empire as their father President Donald Trump slashed regulations around the highly volatile market.

Through World Liberty Financial, the Trumps have a stake in former UFC champion Conor McGregor’s business, MMA Inc., and the two brothers have made splashy appearances at a number of international crypto events.

According to CNBC, Eric boasted at a Hong Kong-based crypto conference last August that 90 percent of his time is now spent with the crypto community.

But when you look at how much the Trump family has won while those playing the crypto game have lost, the difference is stark.

When the family launched its $TRUMP meme coins, fans and investors alike jumped on the opportunity. In turn, the Trumps sat on a meme-coded pile of money that amounted to hundreds of millions of dollars.

Soon after, however, those who bought in on the investment began losing.

The Trumps have used crypto as a means to amass more wealth with little investment of their own, a Reuters investigation concluded.

According to the outlet, the president and his sons have added at least $2.3 billion to their family fortune, mainly through crypto. However, investors have taken a $2.3 billion hit.

“Under the Trump crypto playbook, the family always wins. Investors don’t,” the report concluded.

Two other ventures, like World Liberty Financial and an investment in American Bitcoin, have also resulted in pain for investors while the family raked in the profit.

Crypto platform WLF has even sparked a lawsuit for its alleged extortion of a billionaire backer.

Justin Sun, a crypto mogul who initially supported the Trump family’s efforts, sued World Family Financial after allegedly being pressured into buying more coins.

The crypto con adds to a growing list that includes Trump-branded cell phones, perfumes, sneakers, Bibles, social media apps, fin tech, and many other money grabs that have the president’s seal of approval.

Reprinted with permission from Daily Kos

Shop our Store

Headlines

Editor's Blog

Trending

World