'Everybody is profiting': Trump dismisses questions about over $1bn in crypto earnings
While responding to reporters before his flight to North Dakota, Donald Trump addressed inquiries regarding his financial disclosures, which revealed over $1 billion in earnings from cryptocurrency ventures.
“We have funds that run my money well. I’ve made a lot of money before I became president,”Trump stated.
“They’re big institutions, and they run it … I think it’s called a ‘blind account’, but they basically they take it, and I purposely I never speak to any of the people that run the money.”
He further remarked that
“everybody is profiting”from the presidency due to the rising stock market, adding,
“So we’re all profiting. I’m profiting because I have a lot of money and a lot of cash, and I give it to institutions.”
'We're going to try to correct that mistake,' says Vance on supreme court birthright citizenship ruling
Earlier, JD Vance addressed reporters regarding the Supreme Court’s recent ruling on birthright citizenship, which dealt a significant setback to Donald Trump’s anti-immigrant agenda.
“Well look, do I think she made a mistake in the ruling? I do.
I don’t know how anybody can say that if a person who is an illegal alien, or a person for example who’s pregnant and comes to the United States on a vacation, they have a baby and all of a sudden their entire family gets the benefits of American citizenship, I don’t think that’s what the framers of the 14th amendment had in mind.”
Vance indicated the Trump administration’s intention to seek legislative changes to the ruling. Trump signaled plans to pursue new legislation establishing exceptions to birthright citizenship for children born to parents without permanent legal status in the US.
“Sometimes the supreme court makes mistakes, we’re going to try to correct that mistake, but nobody’s perfect, including the supreme court.”
Vance’s remarks followed his comments to Fox News, where he described the ruling as
“preposterous”and a
“major mistake.”
“This was a very disappointing ruling from the supreme court. We respect it, but we also think that it was a major, major mistake,”he said.
“One of the things that it might invite is people to come here quite literally on a vacation, give birth, and then all of a sudden the child and their family have the full benefits of American citizenship.”
“It’s just a preposterous ruling, and the absurdity of that outcome suggests why the supreme court should have went the other way.”
According to reporting on birth tourism, the Center for Immigration Studies, an anti-immigration think tank, estimates that fewer than 30,000 births occur annually in the US to women on tourist visas, representing less than 1% of all US births each year.
Trump’s financial disclosures reveal $1bn+ crypto earnings
Donald Trump’s financial disclosures reveal that his ventures have generated over $1 billion in revenue, significantly boosted by the Trump family’s cryptocurrency projects. The documents show Trump’s substantial involvement in the crypto industry, which he has publicly supported.
My colleague Oliver Holmes has outlined five key takeaways from the nearly 1,000 pages of Trump’s financial disclosures.
The Associated Press also provided details about the Boeing 747 gifted to Trump by Qatar, which had its maiden voyage recently.
The refurbished aircraft features luxury amenities, including plush carpets, lie-flat seats, wood paneling, and presidential seals on the seatbelts, reflecting the president’s vision of a commander-in-chief’s entourage.
Trump expressed pride in the new Air Force One, stating,
“You can do two things: you can low-key it, or you can show it.”
White House communications director Steven Cheung shared a photo on X showing aides gathered around a circular table with off-white placemats and leather captain’s chairs. Monica Crowley, chief of US protocol, posted a picture of herself seated on a leather couch adorned with Air Force One throw pillows, with a framed photo of the Thomas Jefferson Memorial behind her.
Reporters traveling with the president described the new Boeing 747’s press section, which includes seven spaced-out pairs of seats equipped with recline and massage functions, charging equipment, and monitors offering external camera views and Apple TV streaming, including Fox News.
Boarding the new Air Force One, Trump called it
“maybe the greatest commercial plane ever built.”The jet’s exterior features a white top, blue bottom, a horizontal red stripe around the middle, and an American flag on the tail.
Trump landed at Bismarck Regional Airport in North Dakota but did not engage with the press pool onboard. He was scheduled to be greeted by Republican Senator John Hoeven upon arrival.
Democrats call for investigation into Trump’s crypto earnings
Following the release of financial disclosures showing Trump earned more than $1 billion from crypto businesses since returning to the White House, several Democrats condemned the revelations and urged further investigation into his investments.
Senator Elizabeth Warren, the top Democrat on the Senate banking committee, emphasized the need for congressional action, stating,
“The crypto legislation heading to the Senate floor must prevent the president, vice president, senior administration officials, members of Congress and their families from profiting off the crypto industry.”She warned,
“If it does not, it will only turbocharge Donald Trump’s brazen crypto corruption.”
Illinois Lieutenant Governor and Democratic Senate candidate Juliana Stratton criticized Trump’s financial gains, tweeting,
“Donald Trump uses the office of the president to make billions while American families struggle to afford their basic needs.”
The crypto earnings detailed in the 927-page disclosure include over $500 million from World Liberty Financial, a joint venture between the Trump family and Steve Witkoff, Trump’s Middle East envoy. Additionally, CIC Digital LLC earned more than $600 million from Trump-branded meme coins launched shortly before his second inauguration.
Warren’s staff reported last week that associates of an Abu Dhabi royal purchased a 49% stake in World Liberty Financial for approximately $500 million just days before Trump’s inauguration. Subsequently, the administration took at least 10 actions benefiting the UAE, including on chip exports, which Warren described as a potential “pay-to-play” scheme.
Warren and four other senators requested Senate committee hearings on June 23 to investigate the deal. Separately, Senator Adam Schiff is investigating the crypto exchange Binance over allegations it evaded US sanctions on Iran, citing Binance’s connections to World Liberty Financial.
New polling shows Democrats face challenges in Senate races
A recent New York Times/Siena poll indicates that among six Senate races targeted by Democrats to regain control, only North Carolina shows the Democratic nominee leading beyond the margin of error.
Democrats need to flip at least four Republican-held seats to gain Senate control. Key battlegrounds in Alaska, Iowa, Maine, Ohio, and Texas show Democratic nominees either trailing or narrowly ahead.
In North Carolina, former Governor Roy Cooper leads Republican Michael Whatley by seven points in the race to replace outgoing GOP Senator Thom Tillis.
The poll also reports Donald Trump’s average approval rating at 43%, with 54% disapproving. Given the nationalized nature of the midterm elections, Trump’s performance could influence down-ballot races, especially for Republican incumbents.
Colorado Democratic primaries reflect anti-Washington sentiment
Colorado’s recent elections demonstrated strong anti-Washington sentiment. In the race to succeed term-limited Democratic Governor Jared Polis, Attorney General Phil Weiser narrowly defeated Senator Michael Bennet, who had been an early favorite.
Weiser’s campaign criticized Bennet for not opposing Trump’s cabinet nominees strongly enough.
In Colorado’s most competitive House district, progressive State Representative Manny Rutinel defeated a moderate Democrat to face Republican Congressman Gabe Evans in November. Evans is considered vulnerable, and the district is among several that could determine House control.
Senator John Hickenlooper won renomination against progressive challenger State Senator Julie Gonzales and will face Republican State Senator Mark Baisley in the general election.
Trump orders acting DNI to declassify information
Before departing for North Dakota, Trump stated he instructed Bill Pulte, his controversial acting director of national intelligence, to
“declassify whatever you want.”Pulte is expected to be succeeded by Jay Clayton upon Senate confirmation.
Some Republicans expressed concern over Pulte’s appointment due to his lack of intelligence experience. Trump previously canceled Clayton’s Senate confirmation hearing and directed him not to appear before lawmakers, with a new hearing scheduled for July.
Background on new Air Force One
This marks Trump’s first flight on the new Air Force One, a Boeing 747 donated by Qatar last year at a cost of $400 million.
My colleague Edward Helmore provides further details on the luxury jet.
As Trump boarded the plane, he commented on ceasefire negotiations in Qatar regarding the war in Iran, led by Steve Witkoff and Jared Kushner, stating they are
“getting along very well.”He also praised the recent drop in gas prices.
Since a 60-day pause was announced, oil and fuel prices have declined. According to AAA, the average gasoline price is now $3.84 per gallon, down from $4.32 a month earlier, though still higher than last year’s $3.17.
House Speaker Johnson sends members home early amid GOP rebellion
House Speaker Mike Johnson sent members home early for the Fourth of July recess after failing to resume floor business due to a rebellion by several GOP members.
The dissenting Republicans blocked debate on the annual Pentagon spending bill in protest, demanding that Trump’s voter ID legislation be passed.
Johnson attempted to merge the voter ID bill with the National Defense Authorization Act (NDAA) to facilitate passage, but a procedural vote on the package failed 224 to 198.
Hardline Republicans argued that this approach would make it easier for the Senate to discard the Save America Act when it arrives.
Although the Save America Act passed the House, it remains stalled in the Senate. The Republican revolt has effectively blocked other legislation to pressure the Senate. House members are not expected to return until July 13.
The early recess represents a setback for Johnson, who has been unable to resolve divisions among House GOP members over the bill. The far-right faction insists the elections bill be attached to defense spending, but Senate Republican leader John Thune has stated the voter ID legislation cannot overcome the 60-vote filibuster.
Trump’s North Dakota visit and Theodore Roosevelt Presidential Library opening
Donald Trump traveled to Medora, North Dakota, to deliver remarks at 3:15 pm ET for the opening of the Theodore Roosevelt Presidential Library. The event marks a significant occasion, and coverage will continue as the program unfolds.
Trump also participated in a train ride and welcome ceremony for America’s 250th anniversary celebration at 1:10 pm ET.
Trump to attend Roosevelt library opening amid conservation policy contrast
Trump is scheduled to attend the ribbon-cutting ceremony for the Theodore Roosevelt Presidential Library, highlighting the legacy of a president known for conservation efforts.
Roosevelt, who served from 1901 to 1909, established five national parks, protected extensive land areas, and empowered presidents to designate national monuments.
In contrast, Trump’s administration has rolled back environmental protections, including those under the Migratory Bird Treaty Act and safeguards for federal waters.
Critics argue that Interior Secretary Doug Burgum has dismantled conservation measures to benefit Trump’s allies and political donors.
“Roosevelt believed that preserving America’s natural heritage and outdoors birthright was a sacred obligation,”said Jayson O’Neill, spokesperson for conservation campaign Save Our Parks.
“Doug Burgum is destroying that heritage for Trump’s whims, allies, and political donors.”
has contacted the Interior Department and White House for comment.
Health insurance losses in New York linked to Republican-led law
Nearly 500,000 moderate-income New Yorkers will lose their health insurance plans on July 1, the first of several coverage losses attributed to HR 1, a Republican-led law enacted almost a year ago.
The law, sometimes called the “One Big Beautiful Bill Act,” reduced government health spending nationally in favor of permanent tax breaks for higher-income families and border security funding.
Maia Dillane, senior director of strategy and implementation at the Arab-American Family Support Center (AAFSC) in New York City, described the situation as
“an all hands on deck situation.”The AAFSC is among 20 community organizations collaborating with the Community Service Society of New York to assist affected individuals in finding new coverage.
Despite these efforts, many are expected to be unable to afford new insurance costs, with a 60-day deadline to secure coverage before the next open enrollment period in November.
California governor comments on crypto gains and supporters
California Governor Gavin Newsom stated that Trump
“got richer”from his cryptocurrency activities, while his supporters experienced a
“rug-pulled.”
Trump’s financial disclosures illustrate his crypto success contrasted with the losses his supporters faced.
Democratic socialist Melat Kiros defeats 15-term incumbent in Colorado House primary
Democratic socialist Melat Kiros unseated 15-term US Representative Diana DeGette in Colorado’s primary elections, marking a significant victory for the party’s progressive wing.
The Associated Press reported Kiros’s win in Colorado’s 1st congressional district, centered on Denver. This follows recent progressive victories in New York primaries, where candidates campaigned on opposition to Israel amid allegations of genocide in Gaza.
Kiros’s victory in the solidly Democratic district virtually guarantees her election in November.
Born in Ethiopia in 1997, the year DeGette entered Congress, Kiros graduated from Notre Dame Law School in 2022. She faced controversy after refusing to remove a blog post defending law students protesting Israel’s counterattack following October 7, which led to her dismissal from a New York law firm and subsequent political career.
Kiros received endorsements from Senator Bernie Sanders, the Democratic Socialists of America, and Justice Democrats, groups active in progressive primary campaigns.
White House rejects conflict-of-interest concerns amid Trump’s $1.2bn crypto income
The White House defended President Trump’s cryptocurrency earnings, stating he has
“proudly made the United States the crypto capital of the world.”This follows disclosures showing approximately $1.2 billion in income from family crypto ventures during his second term.
The 927-page report from the US Office of Government Ethics revealed Trump earned nearly $550 million from World Liberty Financial in 2025, a startup co-founded by Trump’s sons and Steve Witkoff’s son.
Principal Deputy Press Secretary Anna Kelly rejected ethical concerns, stating,
“Neither the president nor his family has ever engaged – or will ever engage – in conflicts of interest.”
Kelly added,
“All actions by president Trump and his administration are taken in the best interest of the American people – and any so-called reporters pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”
The filings also note $635 million in royalties from a licensing agreement related to the $TRUMP cryptocurrency, launched hours before Trump’s 2025 inauguration.
Trump’s crypto ventures largely account for the near tripling of his personal fortune from $2.3 billion in 2024 to $6.5 billion in 2026, according to Forbes.
Supreme Court rulings on birthright citizenship, transgender sports bans, and gun laws
The US Supreme Court upheld birthright citizenship, affirming that nearly all individuals born on US soil are citizens, rejecting a key element of Trump’s anti-immigrant agenda. Chief Justice John Roberts wrote that the ruling aligns with the 14th Amendment.
Simultaneously, the Court upheld laws in two conservative states banning transgender girls and women from female sports, a ruling expected to encourage similar laws nationwide and representing a cultural victory for Trump.
The Court a...
