Swamp Notes Who’s benefiting from Trump’s presidency?
11 snips
Oct 24, 2025 
Joe Miller, FT Washington correspondent, and Alex Rogers, FT US politics correspondent, dive into the financial windfall of the Trump family since his return to office. They reveal that the Trump family has raked in over $1 billion from crypto ventures. The discussion highlights how at least 30 donors benefitted from their contributions to Trump’s causes, receiving regulatory and legal advantages. The guests also explore the implications of Trump's asset practices and how the crypto landscape has shifted under his presidency.
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Trump Family's Unprecedented Crypto Gains
- The FT estimated the Trump family made at least $1bn in pre-tax profits from crypto ventures since his second-term win.
- This contrasts with recent presidents who typically put assets in blind trusts or relinquished holdings when taking office.
Pre-Election Crypto Launch Event
- About 50 days before Election Day Trump and his sons announced World Liberty Financial on an X Spaces event.
- After the win they launched meme coins like $TRUMP and other digital assets tied to that venture.
Four Core Crypto Revenue Streams
- The FT conservatively counted four revenue streams: World Liberty token, meme coins, Melania coin, and a WLF stablecoin.
- They estimated roughly $550m from the token and ~$42m from the stablecoin so far.