Breaking Through The Noise: Econ Facts, July 10, 2026
🤬 BONUS EDITION 🤬
The Trump Crypto Racket: A SCAM TO LINE HIS OWN POCKETS
- Crypto is very unregulated, unlike other stock/bond investments
- Federal gov’t was cracking down and investigating but T halted that
- In Jan 2025, the Trump coin, $TRUMP, launched by his family crypto firm, World Liberty Financial
- In Jan 2025, the price per coin was a high of $75.35
- Current price is $1.60
- Estimate is 1M people have lost $3.81Billion
- Trump’s annual financial disclosure showed:
- He made 635M in a licensing agreement of Trump coin marketed by CIC Digital LLC
- In total, he made 1.2B in 2025 in crypto activities (including transaction fees, which he collects whether coin goes up or in the tank)
❌ Crypto is a way to essentially bribe him – it puts $ in his pocket and when the value tanks, they (country/company) don’t care because they are buying favor from the influential decision-maker (tariffs/war/executive orders). The fact that 1M regular taxpayers bought in and got sideswiped is sad but shows their unfortunate ignorance and misplaced trust.
➡️Start here to learn more: ‘Stealing and bribery’: Inside Trump’s $2.2B cashout
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Graphic Credit: The New Yorker