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The Wall Street Journal’s editorial board published a Wednesday op-ed slamming President Trump and his family for “cashing in on the presidency” after his financial disclosures showed the president brought in $2 billion last year alone.
Trump’s crypto venture, effectively managed by the Trump Organization, reaped in more than $526.8 million in proceeds from tokens sold by World Liberty Financial.
The benefits weren’t exclusive to Trump’s sons Eric and Donald Jr. but also helped support the family of special envoy Steve Witkoff, including his son, Zach Witkoff. The Witkoff family co-founded the decentralized finance platform and crypto business in question.
“Americans tell pollsters they don’t think they are getting ahead financially. But President Trump and his family are having no trouble, judging from his 2025 financial disclosure report released Tuesday,” the Wall Street Journal editorial board wrote.
“The Trump clan is cashing in on the Presidency in big and sketchy ways. The 927-page report shows Mr. Trump made some $1.4 billion last year from crypto alone. Yowzers,” they added in reference to the president’s recent financial disclosure.
They cite the odd timing for the memecoin’s launch, which happened days before Trump’s inauguration.
“The Trumps are seeing their opportunities and taking them, in the tradition of what Tammany Hall’s George Washington Plunkitt called ‘honest graft,‘” the board wrote, referring to the idea of profiting from insider political knowledge without breaking the law.
“Assuming all of this is legal, it’s still an unseemly display of using the Presidency for family profit,” it continued.
In addition to Trump’s earnings from the crypto venture, his family organization pooled over $77.4 million in revenue last year from his Mar-a-Lago property in Florida, which he visits often on the weekends, coupled with a more than $121.8 million in revenue from his nearby golf course in Doral, Fla.
Meanwhile, Donald Trump Jr. and Eric Trump, both executive vice presidents at the Trump Organization, have helped expand its global real estate and hotel footprint, with major upcoming developments and licensing projects in India, Vietnam, Indonesia, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Serbia, Romania and the Maldives.
“It’s hard to believe the Trump boys would be able to do the same deals if Dad wasn’t in the Oval Office. The main difference between Hunter Biden’s foreign dealings and the Trump projects is that the Trumps are brazenly open about theirs,” the op-ed reads.
The president said in Wednesday remarks that his businesses are booming because of the stock market, noting that “everybody is profiting.”
However, polls show affordability remains a top concern for Americans as gas prices remain high due to the war in Iran.
The Wall Street Journal board warned of the political consequences tied to ignoring the current economic state of most citizens.
“If Democrats take back the House or Senate this November, they will have a field day probing the Trump family deals. Charges of GOP corruption will resound through 2028. This will feed the left’s class warfare and facile narrative that billionaire ‘oligarchs’ are getting rich off government,” the op-ed reads.
“Foreigners may come to think they can buy American goodwill or favors if they cut the Trumps in on the action. Americans, and especially his supporters, deserve better from this or any President,” it continues.
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