- United States
- Wash.
- Letter
Trump's 927-page financial disclosure demands a congressional investigation. He earned at least $2.2 billion last year — including $1.4 billion from cryptocurrency ventures — while simultaneously installing crypto-friendly regulators and pushing the GENIUS Act through Congress. That's not a coincidence. That's corruption.
The market-timing alone should trigger an inquiry. The day before Trump announced a 90-day tariff pause, his accounts made 327 individual stock purchases. The S&P 500 jumped nearly 10% the next day. Meanwhile, everyday investors who bought into his $TRUMP memecoin — which hit $75 in January — are now holding a coin worth $1.66. He cashed out. They didn't. Persian Gulf entities paid roughly $300 million to his businesses last year, and Qatar's royal family gifted him a $400 million jet. The White House calls all of this "in the best interest of the American people." That explanation isn't credible.
Open a formal investigation. Subpoena the trading records. Demand answers on the tariff announcement and those 327 stock purchases. Sen. Warren is right that crypto legislation must bar the president and senior officials from profiting off the industry — but legislation alone isn't enough. The conduct already on the record warrants scrutiny now.