Trump Used Shady Crypto Venture to Triple His Net Worth as President

Donald Trump has nearly tripled his net worth since being elected president a second time, and it’s all thanks to cryptocurrency. 

The president is now worth an estimated $6.5 billion, up from $2.3 billion in 2024, economic analyst and former Obama administration adviser Steve Rattner told MS NOW Friday. Between August 2025 and January 2026, Trump profited to the tune of $3.02 billion from crypto. It all started a few days before his inauguration in January 2025 when he released his $TRUMP meme coin. 

MAGA supporters rushed to buy the coin, which quickly shot up to a $30 billion valuation and peaked at a price of $45. The president was able to cash in, but many of his supporters were left holding the bag as the price plummeted to only $10 four months later. Now, it is worth less than $2.50, according to Rattner. 

“It is a coin that means nothing,” Rattner said on Morning Joe. “It is like buying a pet rock, except you don’t even get a rock. It has no value. It has no trading value. It’s not used in commerce—nothing.”  

In contrast, Trump’s net worth actually went down during his first term as he restricted his company from making international deals. This time around, his sons Eric and Donald Jr. created World Liberty Financial to handle cryptocurrency assets, including the USD1 stablecoin. The venture has taken in billions from funds connected to foreign governments, including the United Arab Emirates,  

Trump’s business activities, whether they pertain to cryptocurrency or his real estate investments, are blatantly unethical for any government official, let alone the president. His family is taking in billions from foreign governments and profiting off the presidency itself, violating the Constitution’s emoluments clause. Thanks to the Supreme Court giving him near-total immunity and Republicans in Congress purposefully turning a blind eye, he won’t face any consequences. 

Alabama is pushing ahead with a racist redistricting scheme after the Supreme Court gutted the Voting Rights Act.

Republican Governor Kay Ivey called Friday for a special session next week of the Alabama state legislature to pass new congressional and state Senate maps, and prepare legislation to hold special primary elections.

The move came one day after Alabama’s Attorney General Steve Marshall asked the Supreme Court to allow the state to implement new congressional and state Senate maps that were redrawn in 2023 before being barred by the Voting Rights Act.

In Wednesday’s decision in Louisiana v. Callais, the court’s six-justice conservative majority effectively dismantled Section 2 of the Voting Rights Act, which prohibits discrimination based on race. While the decision did not eradicate it entirely, the court has raised new hurdles for those seeking to prove a racial gerrymandering claim, and gave its blessing to those who would claim partisan gerrymandering as a legal defense.

The new maps would effectively redraw Alabama’s two Black-majority districts: the 2nd district and the 7th district.

Alabama’s 2nd congressional district, led by Representative Shamari Figures, contains Mobile and Montgomery and would see its Black population shrink from 49 percent to 40 percent, according to the Alabama Reflector.

Alabama’s 7th congressional district, led by Representative Terri Sewell, is Alabama’s oldest majority-Black district and has consistently sent Black Democrats to Washington since 1993. This district includes Selma, as well as parts of Birmingham, Tuscaloosa, and Montgomery.

CJ Pearson, a right-wing influencer, wrote on X that the decision “will likely lead to a COMPLETELY REPUBLICAN DELEGATION!” Pearson, who was one of the first to report Ivey’s move, said that it had been the result of lobbying by Marshall, attorney general candidate Katherine Robertson, and Secretary of State Wes Allen.

Pope Leo XIV has named three new bishops in the United States, each of whom have been vocal critics of President Trump.

Evelio Menjivar, a formerly undocumented immigrant, will be the new bishop for the Diocese of Wheeling-Charleston in West Virginia, and Gary Studniewski and Robert Boxie III will be auxiliary bishops in Washington, D.C. The appointments indicate a deliberate choice on the pope’s part to select representatives in the United States who will be similarly unafraid to raise their voices against the Trump administration.

Menjivar, who immigrated from El Salvador to the U.S. in the trunk of a car when he was a teenager, decried Trump’s immigration crackdown last year in the National Catholic Reporter. “The federal government has pursued a ‘shock and awe’ campaign of aggressive threats and highly visible operations of questionable legality that go far beyond mere immigration ‘enforcement,’” he wrote. “We must stand with those at risk … and we cannot let the dark side of anti-immigrant animus take hold.”

Father Studniewski, a former U.S. Army chaplain who serves in the Chevy Chase area, called the January 6 insurrection “very disturbing, very disheartening.”*

“It was a normal day, until all that sickening unrest in the afternoon,” he told Today’s Catholic in 2021. And Father Boxie, who serves at Howard University, was deeply critical of Trump’s war on diversity, equity, and inclusion last year.

“In a lot of ways we have made great progress, but in so many ways, I feel like we’re regressing,” said Boxie. “It’s really frustrating—especially this moment that we’re living in. The attacks on ‘DEI’—I don’t even know what that means anymore. It’s a term that’s been hijacked. It means a lot of things to a lot of different people.”

* This article previously misstated the location of Father Studniewski’s church.

President Donald Trump claimed Friday it’s unconstitutional to seek congressional approval for war.

Speaking to the press outside the White House, Trump whined that he should not have to comply with the War Powers Resolution of 1973, which requires the president to withdraw his forces from a conflict after 60 days unless Congress declares war or approves an extension.

“There’s no other country that’s ever done it, it’s never been uh, as you know—most people consider it totally unconstitutional. Also we had a ceasefire so that gives you additional time,” he falsely claimed.

“We’re on our way to another victory, a big victory. And I don’t think that it’s constitutional what they’re asking for. These are not patriotic people that are asking,” he said.

The irony is that the War Powers Resolution is the only reason Trump’s reckless military campaign in Iran could even be considered constitutional in the first place. According to Article I, Section 8, Clause 11 of the United States Constitution, Congress has sole power to declare war. The 60-day window is an exception to that rule.

If the War Powers Resolution were totally void, Trump’s war in Iran would be illegal. (It already is, according to international law.)

Trump has simultaneously tried to sidestep Congress’s 60-day deadline by buying into the argument that the clock stopped when a ceasefire was announced halfway through April.

However, the U.S. is already testing the boundaries of its tenuous ceasefire with Iran by installing a military blockade on Iranian ports, an act of war according to international law, and even seizing an Iranian cargo ship. Meanwhile, Israel, America’s ally in its joint military operation, has not stopped its intense strikes in Lebanon, in violation of the ceasefire agreement.

President Trump is claiming that the war on Iran is actually over in an effort to avoid any sort of accountability.

Trump on Friday officially informed Congress that the war was “terminated,” writing, “There has been no exchange of fire between the United States and Iran since April 7, 2026.... The hostilities that began on February 28, 2026, have terminated.”

The War Powers Resolution states that a president must formally alert Congress of any new war they entered into within 48 hours of hostilities. After that, they have 60 days to end the conflict before Congress steps in and either orders them to stop or allows them to continue. Trump’s 60 days are up on Friday, and it appears that even Republicans want to hold him accountable.

“That deadline is not a suggestion; it is a requirement,” GOP Senator Susan Collins said. “Further military action against Iran must have a clear mission, achievable goals, and a defined strategy for bringing the conflict to a close.”

To avoid any of that, Trump is insisting that the war actually ended with the ceasefire announcement in early April, even as Iran continues to block the Strait of Hormuz, the U.S. continues to block Iranian ships from leaving, and Israel continues to bomb Lebanon. The ceasefire seems to be holding on by a thread, and does not appear to be an end to the conflict in any way.

Trump on Friday called it “unconstitutional” for Congress to try to rein in his powers.

“We’re on our way to another victory, a big victory. And I don’t think that it’s constitutional what they’re asking for,” he said on Friday. “These are not patriotic people that are asking.... Even the losers, even the ones that say all the wrong things admit that it’s been amazing what we’ve done. The strait is totally shut down, it’s flawless.”

If this truly is the end of the war, then it’s unclear who the victor even is.