From Vanity Fair · Ta-Nehisi Coates · · 1m 30s
Trump's Cryptocurrency Boom and Power Play
Trump raked $1.4bn from crypto in 2025 as he reshaped American power.
In brief
Trump raked $1.4bn from crypto in 2025 as he reshaped American power. Trump earned $1.4 billion from cryptocurrency ventures in 2025 while expanding executive authority. Originally reported by Vanity Fair.
The Great American State Fair
The fair, June 25-July 10, faced power outages, melted ice cream, and storm shelters.
Trump's Cryptocurrency Windfall
Trump earned $1.4 billion from cryptocurrency ventures in 2025, including the $TRUMP meme coin.
The $TRUMP Meme Coin Collapse
The $TRUMP meme coin dropped 97 percent from its peak by July 4.
Presidential Business Success
Trump became the first president to profit from new business ventures during his term.
Trump's Visionary Power
Trump understood institutional guardians were illusions and could profit from national pathologies.
Supreme Court and Abortion Shifts
Three Supreme Court justices were appointed in four years, and national abortion rights were destroyed.
Government Efficiency Cuts
Trump slashed government payrolls and destroyed USAID, causing global health crises.
University and Journalist Targeting
Universities seized syllabi, and journalists faced lawsuits and threats from Trump.
Trump's Legal Leverage
Trump extracted nearly a billion in pro bono legal services from top law firms.
International Power Moves
Trump killed drug runners, abducted a foreign leader, and threatened Iran with military action.
The Trump Effect
Trump’s power play shows few people care about the consequences of his actions.
“I found out that nobody cared.”
The bottom line
Trump earned $1.4 billion from cryptocurrency ventures in 2025 while expanding executive authority.
