Trump Reports 1.2 Billion in Crypto Earnings While Average Investors Lose Money
"He made $1.2 billion off of crypto. $600 million off of a memecoin. If you invested $10,000 in that memecoin when it launched, it would be worth $452 today. So, the average investor in these crypto ventures is losing tons of money. The president is earning tons of money."
About this episode
Jessica Charlov and Aaron Barnes, hosts of The Raging Moderates podcast, dissected a week of political turmoil including bombshell revelations about presidential corruption, razor-thin Supreme Court decisions, and seismic shifts in Democratic primary races. The episode opened with Trump's 2025 financial disclosures showing he earned $2.2 billion, including $1.2 billion from cryptocurrency ventures that have devastated retail investors who lost over 95% of their money in the same memecoin that netted Trump $600 million. Charlov emphasized that most Americans cannot afford to invest in the stock market Trump claims is proof the economy is thriving, while Virginia teachers are being told to turn off classroom lights due to energy costs driven by data center production. The hosts examined the anti-establishment wave sweeping Democratic primaries, with five House incumbents now defeated, including Colorado's Diana DeGette who passed only two bills in 30 years. They attributed losses not to ideology but to complacency and failure to deliver for constituents, contrasting vulnerable incumbents with Representatives like Ritchie Torres who remain deeply engaged in their communities. Barnes revealed the Supreme Court came within one vote of overturning birthright citizenship in a 5-4 decision, warning that Trump could secure the votes to rewrite the Constitution if any moderate or liberal justice dies or retires before 2028. The discussion turned to suspicious circumstances around NPR's Nina Totenberg prematurely reporting Justice Alito's retirement, noting Speaker Mike Johnson's office immediately distributed pre-written talking points, suggesting the retirement may still be planned. Polling analysis showed Democrats competitive but not commanding in key Senate races in Alaska, Iowa, Ohio, and Texas, with both hosts expressing concern about complacency and the need to make races too big to rig. They closed with criticism of New Jersey Congressman Tom Kean Jr., who reappeared after months of absence due to depression while continuing to vote against mental health funding and paid leave, and engaging in stock trading throughout his disappearance.
Key takeaways
- Trump's 2025 financial disclosures reveal $2.2 billion in income including $1.2 billion from cryptocurrency, while retail investors in his memecoin lost over 95% of their money.
- Trump reported over 21,000 stock trades in 2025, averaging 80 trades per day, with no legal restrictions preventing presidential trading or self-enrichment.
- The Supreme Court upheld birthright citizenship by only 5-4, with Aaron Barnes warning Trump could overturn it with one more appointment if a moderate or liberal justice leaves.
- Five Democratic House incumbents have now lost primaries in an anti-establishment wave driven by failures to deliver for constituents rather than ideological differences.
- NPR's Nina Totenberg may have broken an embargo rather than made an error when reporting Justice Alito's Friday retirement, with Speaker Johnson's office having pre-written talking points ready.
- New polling shows Democrats competitive but not leading in key Senate races in Alaska, Iowa, Ohio, and Texas, with both hosts expressing concern about voter complacency.
- New Jersey Congressman Tom Kean Jr. reappeared after months of absence for depression treatment while continuing to vote against mental health funding and engage in stock trading during his disappearance.