White House rejects conflict-of-interests concerns as Trump’s crypto earnings soar – US politics live
ONP Summary
President Trump reported approximately $1.4 billion in income from cryptocurrency ventures in 2025, with over $500 million coming from World Liberty Financial, the crypto exchange he co-founded with his sons. The disclosure, released Tuesday, came as the cryptocurrency industry has emerged as a major funder of the 2026 US elections, with over $189 million in documented contributions to date, including $82 million to the FairShake super PAC supporting pro-crypto candidates.
Progressive: Some progressive outlets connect Trump's reported cryptocurrency earnings to the crypto industry's unprecedented 2026 election spending campaign, and note that his holdings have benefited from his administration's pro-crypto policies.
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Spokesperson says president has ‘proudly made the US the crypto capital of the world’
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The White House said that Donald Trump has “proudly made the United States the crypto capital of the world” after the president recorded around $1.2bn in income from his family’s cryptocurrency activities.
The US supreme court upheld the constitutional guarantee of birthright citizenship, affirming that nearly all people born on US soil are American citizens and rejecting a central pillar of Donald Trump’s anti-immigrant agenda. Writing for the majority, Chief Justice John Roberts said this order violated the 14th amendment of the US constitution. More here.
Meanwhile, the court upheld laws in two conservative states excluding transgender girls and women from competing in female sports in a far-reaching ruling likely to pave the way for similar bans throughout the US and handing Trump a key “culture war” victory. More here.
The supreme court will consider whether bans on AR-15 rifles and similar semiautomatic firearms are constitutional. The justices said on Tuesday they will hear appeals challenging bans in Connecticut and the Chicago area in the next term. The high court’s announcement comes on the heels of two recent victories for second amendment attorneys and advocates. More here.
Trump announced that Republicans will stage their first ever national convention ahead of the midterm elections, a move aimed at energizing voters as the party fights to hold its narrow congressional majorities in November. The two-day gathering will take place in Dallas on 9 and 10 September, marking a break from the longstanding tradition of holding national conventions only during presidential election years. More here.
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