{"id":668457,"date":"2026-07-01T19:10:25","date_gmt":"2026-07-01T19:10:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/668457\/"},"modified":"2026-07-01T19:10:25","modified_gmt":"2026-07-01T19:10:25","slug":"everybody-is-profiting-trump-dismisses-questions-about-over-1bn-in-crypto-earnings-live-trump-administration","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/668457\/","title":{"rendered":"\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live | Trump administration"},"content":{"rendered":"<p>&#8216;Everybody is profiting&#8217;: Trump dismisses questions about over $1bn in crypto earnings<\/p>\n<p class=\"dcr-1s160rg\">While fielding questions from reporters ahead of his flight to North Dakota today, Donald Trump batted down questions a<a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jul\/01\/crypto-ventures-stock-key-takeaways-trump-financial-disclosures\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">bout the $1.2bn he earned from crypto businesses<\/a>, according to his latest annual financial disclosure.<\/p>\n<p class=\"dcr-1s160rg\">\u201cWe have funds that run my money well. I\u2019ve made a lot of money before I became president,\u201d Trump said. \u201cThey\u2019re big institutions, and they run it \u2026 I think it\u2019s called a \u2018blind account\u2019, but they basically they take it, and I purposely I never speak to any of the people that run the money.\u201d<\/p>\n<p class=\"dcr-1s160rg\">Trump went on to say that \u201ceverybody is profiting\u201d from the presidency, \u201cbecause the stock market\u2019s going up\u201d.<\/p>\n<p class=\"dcr-1s160rg\">He added: \u201cSo we\u2019re all profiting. I\u2019m profiting because I have a lot of money and a lot of cash, and I give it to institutions.\u201d<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a45111e8f089f7bcf183b63#block-6a45111e8f089f7bcf183b63\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Key events<\/p>\n<p>Todd Blanche says DoJ will focus on &#8216;birth tourism&#8217; schemes after supreme court upholds birthright citizenship<\/p>\n<p class=\"dcr-1s160rg\">Acting attorney general Todd Blanche said on Wednesday that federal prosecutors and law enforcement officers will focus on combatting so-called \u201cbirth tourism\u201d \u2013\u00a0the process of tourists, temporary visitors and undocumented immigrants traveling to the US and giving birth. This comes after the supreme court upheld the constitutional guarantee of birthright citizenship in a 6-3 opinion on Tuesday.<\/p>\n<p class=\"dcr-1s160rg\">\u201cThere\u2019s other things that DHS can do, and the federal government can do in the visa process, and the application process, to try to minimize or limit the opportunity of folks coming here not to visit, and not to do what they\u2019re saying they\u2019re doing on the tourist visa, but just to have a baby that can then be a US citizen,\u201d Blanche told reporters. \u201cWhat we have to do as Department of Justice is make sure our agents, our [Homeland Security Investigations] agents that we work with, and the FBI are focused on stopping that.\u201d<\/p>\n<p class=\"dcr-1s160rg\">Shortly after the court\u2019s last ruling of its current term, the assistant attorney general for the national fraud division directed justice department staff to bring fraud charges in alleged cases of birth tourism in an office-wide memo.<\/p>\n<p class=\"dcr-1s160rg\">\u201cThe Department of Justice will zealously protect the sanctity of United States citizenship by investigating and prosecuting those who fraudulently exploit our immigration system,\u201d Colin McDonald <a href=\"https:\/\/x.com\/TheJusticeDept\/status\/2072055062600499269?s=20\" data-link-name=\"in body link\" rel=\"nofollow\">wrote<\/a>.<\/p>\n<p class=\"dcr-1s160rg\">During the oral arguments in the Trump v Barbara case in April, the government\u2019s lawyer John D Sauer conceded that \u201cno one knows for sure\u201d how significant a problem so-called birth tourism actually is. The Center for Immigration Studies, an anti-immigration thinktank, <a href=\"https:\/\/cis.org\/Camarota\/Revised-Estimate-Birth-Tourism\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">said that there are between 20,000 to 26,000 births<\/a> by women on tourist visas annually. This is less than one percent of all babies born in the US each year.<\/p>\n<p class=\"dcr-1s160rg\">Nonetheless, the practice has been the bedrock of the Trump administration\u2019s argument against birthright citizenship. Many Republicans and allies of the president have repeated concerns with limited evidence that show birth tourism to be a sizable problem.<\/p>\n<p class=\"dcr-1s160rg\">\u201cI do think that this has been grossly abused in recent years,\u201d House speaker Mike Johnson said at a press conference on Tuesday, shortly after the court announced its decision. \u201cYou just come on to the soil and have your child, and then they\u2019re they\u2019re able to avail themselves of the welfare state and everything else.\u201d<\/p>\n<p class=\"dcr-1s160rg\">Donald Trump\u2019s executive order sought to redefine the meaning of the 14th amendment based on the claim that children born to non-citizen parents who are either unlawfully in the country or who possess temporary legal status, such as tourists or foreign students, are not \u201csubject to the jurisdiction\u201d of the US and therefore ineligible for birthright citizenship.<\/p>\n<p class=\"dcr-1s160rg\">However, a majority of the supreme court proved unconvinced, with chief justice John Roberts writing that the administration provided \u201cscant evidence for this dramatically revisionist view\u201d.<\/p>\n<p class=\"dcr-1s160rg\">Trump is now pushing for lawmakers to create new legislation that establish exceptions to birthright citizenship for children born to parents who do not have permanent legal status in the US.<\/p>\n<p class=\"dcr-1s160rg\">But any legislation would need to overcome the 60-vote filibuster, which has proven to be frequently insurmountable on extremely divisive bills during his second term.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a455dac8f08f424eb4d062d#block-6a455dac8f08f424eb4d062d\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a015.10 EDT<\/p>\n<p class=\"dcr-1s160rg\">The New York journalist <a href=\"https:\/\/www.theguardian.com\/us-news\/e-jean-carroll\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">E Jean Carroll<\/a> asked a judge on Tuesday to mandate that <a href=\"https:\/\/www.theguardian.com\/us-news\/donaldtrump\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> pay her the $5m she is owed from a jury verdict that found the US president liable for sexually abusing her in the 1990s and defaming her after she publicly described in 2019 being attacked by him in a city department store.<\/p>\n<p class=\"dcr-1s160rg\">Lawyers for Carroll filed papers in a federal court in Manhattan one day after the US supreme court <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jun\/29\/supreme-court-trump-e-jean-carroll\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">refused to hear<\/a> Trump\u2019s appeal of the civil case verdict in 2023.<\/p>\n<p>E Jean Carroll arrives to federal court in New York, 25 April 2023.  Photograph: Yuki Iwamura\/Bloomberg via Getty Images<\/p>\n<p class=\"dcr-1s160rg\">The author and advice columnist argues in the filing that Trump is unjustly trying to delay even further releasing the funds to her, after he has made repeated challenges to the civil jury\u2019s decision.<\/p>\n<p class=\"dcr-1s160rg\">The amount Carroll is due has grown to nearly $5.8m with interest since the verdict, and her lawyers wrote that the court should require the sum to be disbursed by the Republican president.<\/p>\n<p class=\"dcr-1s160rg\">They argued that Trump has continued assailing Carroll, 82, and made further defamatory remarks while asking the supreme court to reconsider its decision, announced on Monday.<\/p>\n<p class=\"dcr-1s160rg\">Trump reacted to the court\u2019s decision by <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116834055569312013\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">writing<\/a> on Truth Social: \u201cSurprisingly, the Supreme Court declined to \u2018review\u2019 a Fake Case brought against me.\u201d<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a455bba8f086c02c74cabce#block-6a455bba8f086c02c74cabce\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a>US opts out of renewing trade pact with Canada and Mexico in its &#8216;current form&#8217;<\/p>\n<p class=\"dcr-1s160rg\">Trade representative Jamieson Greer said on Wednesday that the US would not renew the country\u2019s trade pact with Canada and Mexico in its \u201ccurrent form\u201d \u2013\u00a0which would include an extension for the next 16 years. Instead, the US will hold annual reviews on the deal.<\/p>\n<p class=\"dcr-1s160rg\">\u201cThe United States will continue to engage with Mexico and Canada to address the Agreement\u2019s shortcomings and our trade deficits with these countries,\u201d Greer said in a statement.<\/p>\n<p class=\"dcr-1s160rg\">Donald Trump has routinely criticized the United States-Mexico-Canada Agreement (USMCA) of late. Last month he threatened to abandon it. \u201cWe don\u2019t need anything that Canada has. We don\u2019t need anything that Mexico has, but they need everything that we have. And they have to treat us better,\u201d he told reporters in the Oval Office.<\/p>\n<p class=\"dcr-1s160rg\">However, Trump struck the deal himself in 2020, as an updated version of the 1992 North American Free Trade Agreement. The president even described the USMCA as the \u201cfairest, most balanced, and beneficial trade agreement we have ever signed into law\u201d.<\/p>\n<p class=\"dcr-1s160rg\">The decision to shift to annual reviews, would now endanger businesses that rely on the North American trade agreement, and could limit investments across the continent. The deal currently governs roughly $2tn annually in goods and services between the three countries, according to CNBC.<\/p>\n<p class=\"dcr-1s160rg\">If the countries do not agree to renew the agreement by 2036, the pact will automatically expire.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a454fe78f086c02c74cab2b#block-6a454fe78f086c02c74cab2b\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a014.41 EDT<\/p>\n<p class=\"dcr-1s160rg\">Donald Trump is en route to Medora, North Dakota. According to a White House official, the president is taking the Freedom250 train, marking the first time he has traveled by rail while in office.<\/p>\n<p class=\"dcr-1s160rg\">Trump\u2019s 2019 visit also marks the last time a sitting US president visited the state of North Dakota.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a454e068f089f7bcf183ef4#block-6a454e068f089f7bcf183ef4\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a013.44 EDT<\/p>\n<p>&#8216;We&#8217;re going to try to correct that mistake,&#8217; says Vance on supreme court birthright citizenship ruling<\/p>\n<p class=\"dcr-1s160rg\">Speaking to reporters earlier, JD Vance was asked if he was angry with supreme court justice Amy Coney Barrett over yesterday\u2019s blockbuster <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jun\/30\/us-supreme-court-bithright-citizenship\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">decision to uphold birthright citizenship<\/a>, dealing a major blow to Donald Trump\u2019s anti-immigrant agenda.<\/p>\n<p class=\"dcr-1s160rg\">The vice-president replied:<\/p>\n<p>double quotation markWell look, do I think she made a mistake in the ruling? I do.<\/p>\n<p>I don\u2019t know how anybody can say that if a person who is an illegal alien, or a person for example who\u2019s 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\u2019t think that\u2019s what the framers of the 14th amendment had in mind.<\/p>\n<p class=\"dcr-1s160rg\">He added that the Trump administration intends to try to get the landmark ruling changed. Trump signalled yesterday that he\u2019ll now <a href=\"https:\/\/www.theguardian.com\/us-news\/live\/2026\/jun\/30\/birthright-citizenship-supreme-court-donald-trump-us-politics-latest-news?CMP=share_btn_url&amp;page=with%3Ablock-6a43ee968f086c02c74c9c28#block-6a43ee968f086c02c74c9c28\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">turn his attention to Congress<\/a> in order to try to get new legislation passed to establish exceptions to birthright citizenship for children born to parents who do not have permanent legal status in the US.<\/p>\n<p class=\"dcr-1s160rg\">Vance told reporters:<\/p>\n<p>double quotation markSometimes the supreme court makes mistakes. We\u2019re going to try to correct that mistake, but nobody\u2019s perfect, including the supreme court.<\/p>\n<p class=\"dcr-1s160rg\">You can watch the clip <a href=\"https:\/\/x.com\/cspan\/status\/2072352903629504522\" data-link-name=\"in body link\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>JD Vance speaks to the media after an event marking 250 years of the American military at Naval Air Station Oceana in Virginia Beach, VA. Photograph: Getty Images<\/p>\n<p class=\"dcr-1s160rg\">Vance\u2019s comments come after he also told Fox News yesterday that the ruling \u201cpreposterous\u201d and said it was a \u201cmajor mistake\u201d.<\/p>\n<p class=\"dcr-1s160rg\">\u201cThis was a very disappointing ruling from the supreme court. We respect it, but we also think that it was a major, major mistake,\u201d he said. \u201cOne 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.<\/p>\n<p class=\"dcr-1s160rg\">\u201cIt\u2019s just a preposterous ruling, and the absurdity of that outcome suggests why the supreme court should have went the other way,\u201d he added.<\/p>\n<p class=\"dcr-1s160rg\">As Shrai reported <a href=\"https:\/\/www.theguardian.com\/us-news\/live\/2026\/jun\/30\/birthright-citizenship-supreme-court-donald-trump-us-politics-latest-news?CMP=share_btn_url&amp;page=with%3Ablock-6a43da528f08f424eb4cf550#block-6a43da528f08f424eb4cf550\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">yesterday<\/a> regarding so-called birth tourism, the Center for Immigration Studies, an anti-immigration thinktank, <a href=\"https:\/\/cis.org\/Camarota\/Revised-Estimate-Birth-Tourism\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">said that there are between 20,000 to 26,000 births<\/a> by women on tourist visas annually. That is less than 1% of all babies born in the US each year.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4544798f086c02c74caaa9#block-6a4544798f086c02c74caaa9\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a013.06 EDT<\/p>\n<p class=\"dcr-1s160rg\">Donald Trump\u2019s money-making ventures enriched him by <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jun\/30\/trump-1bn-crypto-businesses-2025\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">more than $2bn last year<\/a>, according to newly released financial disclosures.<\/p>\n<p class=\"dcr-1s160rg\">The revenue was supercharged by the Trump family\u2019s crypto projects, with the documents showing the president <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jul\/01\/trump-accused-one-billion-dollars-crypto-venture\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">made more than $1bn (\u00a30.76bn) from crypto<\/a> \u2013 an industry he has <a href=\"https:\/\/www.theguardian.com\/us-news\/2025\/jun\/17\/trump-crypto-memecoin-corruption\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">sought to deregulate<\/a>.<\/p>\n<p class=\"dcr-1s160rg\">Here my colleague Oliver Holmes explains five key takeaways from close to 1,000 pages of Trump\u2019s financial disclosures:<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4541898f08f424eb4d04cf#block-6a4541898f08f424eb4d04cf\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a012.37 EDT<\/p>\n<p class=\"dcr-1s160rg\">And the Associated Press also has some more details about the Boeing 747 Trump received from Qatar, which had its maiden voyage today.<\/p>\n<p class=\"dcr-1s160rg\">The refurbished airplane boasts luxury features the president believes a commander-in-chief\u2019s entourage should have \u2013 plush carpets, lie-flat seats, wood paneling and a presidential seal on the seatbelts, according to reported tours of the plane.<\/p>\n<p class=\"dcr-1s160rg\">Trump told reporters that he was proud of the new Air Force One.<\/p>\n<p>double quotation markYou can do two things: you can low-key it, or you can show it.<\/p>\n<p class=\"dcr-1s160rg\">White House communications director Steven Cheung <a href=\"https:\/\/x.com\/StevenCheung47\/status\/2072307262878540001\" data-link-name=\"in body link\" rel=\"nofollow\">posted<\/a> a photo on X of aides gathered around a circular table that had off-white placemats and leather captain\u2019s chairs. Monica Crowley, the chief of US protocol, <a href=\"https:\/\/x.com\/MonicaCrowley\/status\/2072317831429976131\" data-link-name=\"in body link\" rel=\"nofollow\">posted<\/a> a picture of herself perched on a leather couch between a pair of Air Force One throw pillows. Mounted on the wall behind her is a framed photo of the Thomas Jefferson Memorial.<\/p>\n<p>Donald Trump disembarks from Air Force One as he arrives in Bismarck, North Dakota. Photograph: Andrew Harnik\/Getty Images<a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a453f698f08f424eb4d04a9#block-6a453f698f08f424eb4d04a9\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a012.40 EDT<\/p>\n<p class=\"dcr-1s160rg\">Some details from the reporters travelling with the president today, about the new Boeing 747 gifted by Qatar that Trump is flying on for the first time today.<\/p>\n<p class=\"dcr-1s160rg\">The press section of the plane includes seven spaced-out pairs of seats. Chairs were equipped with recline and massage functions, as well as charging equipment.<\/p>\n<p class=\"dcr-1s160rg\">Monitors at each seat allowed passengers to view things like different camera angles from the outside the plane or Apple TV, which directed passengers to Fox News.<\/p>\n<p class=\"dcr-1s160rg\">Boarding the new Air Force One earlier, Trump called it \u201cmaybe the greatest commercial plane ever built\u201d. The body of the jet has a white top and a blue bottom with a horizontal red stripe around the middle, with an American flag on the tail.<\/p>\n<p>Donald Trump arrives on the new Air Force One at Bismarck municipal airport on 1 July 2026. Photograph: Julia Demaree Nikhinson\/AP<a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a45397c8f089f7bcf183dcc#block-6a45397c8f089f7bcf183dcc\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a012.40 EDT<\/p>\n<p class=\"dcr-1s160rg\">Trump has landed at Bismarck regional airport in North Dakota. But the press pool travelling with the president noted that he did not gaggle with them onboard. He is set to be greeted by the Republican senator John Hoeven upon arrival.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4537198f089f7bcf183da0#block-6a4537198f089f7bcf183da0\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a012.41 EDT<\/p>\n<p class=\"dcr-1s160rg\">In response to the latest financial disclosures released on Tuesday, which show that <a href=\"https:\/\/www.theguardian.com\/us-news\/donaldtrump\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> earned more than $1bn in crypto businesses since he returned to the White House, several Democrats have decried the news, and called for further investigation into his investments.<\/p>\n<p class=\"dcr-1s160rg\">As my colleague Joseph Gedeon reports, <a href=\"https:\/\/www.theguardian.com\/us-news\/elizabeth-warren\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">Elizabeth Warren<\/a>, the top Democrat on the Senate banking committee, said the figures showed why US Congress needed to act. \u201cThe crypto legislation heading to the Senate floor must prevent the president, vicepresident, senior administration officials, members of Congress and their families from profiting off the crypto industry,\u201d she said. \u201cIf it does not, it will only turbocharge Donald Trump\u2019s brazen crypto corruption.\u201d<\/p>\n<p class=\"dcr-1s160rg\">Juliana Stratton, the Illinois lieutenant governor and a Democratic Senate candidate, wrote on social media that Trump\u2019s \u201cinfinite greed is disgusting\u201d, adding: \u201cDonald Trump uses the office of the president to make billions while American families struggle to afford their basic needs.\u201d<\/p>\n<p class=\"dcr-1s160rg\">The crypto figures in the 927-page disclosure stood out. World Liberty Financial, a joint venture between the Trump family and that of Trump\u2019s Middle East envoy, Steve Witkoff, brought in more than $500m from sales of \u201cgovernance tokens\u201d, while CIC Digital LLC took in more than $600m from Trump-branded meme coins, launched days before his second inauguration.<\/p>\n<p class=\"dcr-1s160rg\">Congressional Democrats want a fuller reckoning. Warren\u2019s staff reported last week that <a href=\"https:\/\/www.banking.senate.gov\/newsroom\/minority\/warren-releases-new-report-american-national-security-for-sale\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">officials linked to the United Arab Emirates<\/a> invested roughly $500m in World Liberty Financial, after which the administration took at least 10 actions benefiting the UAE, including on <a href=\"https:\/\/www.theguardian.com\/technology\/artificialintelligenceai\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">AI<\/a> chip exports \u2013 an arrangement Warren has called a potential \u201cpay-to-play\u201d scheme.<\/p>\n<p class=\"dcr-1s160rg\">She and four other senators wrote to Senate committees on 23 June demanding hearings into the deal, under which associates of an Abu Dhabi royal bought a 49% stake in World Liberty Financial for roughly half a billion dollars four days before Trump\u2019s inauguration. Separately, Adam Schiff, a US senator, is <a href=\"https:\/\/www.schiff.senate.gov\/news\/press-releases\/news-sen-schiff-leads-probe-of-binance-routing-funds-to-iran-backed-proxy-groups-raises-conflict-of-interest-from-trump-ties\/\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">leading an inquiry<\/a> into the crypto exchange Binance over reports it evaded US sanctions on Iran, citing Binance\u2019s ties to World Liberty Financial.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4532ae8f08f424eb4d03c6#block-6a4532ae8f08f424eb4d03c6\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p>Updated at\u00a011.51 EDT<\/p>\n<p>New polling shows Democrats have uphill battle ahead of competitive Senate races<\/p>\n<p class=\"dcr-1s160rg\"><a href=\"https:\/\/www.nytimes.com\/interactive\/2026\/07\/01\/polls\/times-siena-battleground-poll-crosstabs.html\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">New polls<\/a> from the New York Times\/Siena, shows that of the six Senate races that Democrats are targeting to regain control of the upper chamber, only one \u2013 North Carolina \u2013 shows the Democratic nominee leading outside the margin of error.<\/p>\n<p class=\"dcr-1s160rg\">In order for Democrats to take control of the Senate they need to flip at least four Republican-held seats. Right now, the key battlegrounds \u2013\u00a0Alaska, Iowa Maine, Ohio and Texas \u2013\u00a0show the Democratic nominee either trailing behind their challenger, or ahead by just a few points.<\/p>\n<p class=\"dcr-1s160rg\">In North Carolina, former Democratic governor Roy Cooper, is ahead of his opponent Michael Whatley, the former Republican National Committee chairman, by seven points. They are both vying to fill a Senate seat by the outgoing GOP lawmaker Thom Tillis.<\/p>\n<p class=\"dcr-1s160rg\">The poll also shows Donald Trump\u2019s average overall approval rating stood at 43%, with 54 % disapproving. In an increasingly nationalized midterm cycle, the executive\u2019s performance could have an impact down ballot, particularly for Republican incumbents.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4527878f086c02c74ca8f2#block-6a4527878f086c02c74ca8f2\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a>Colorado Democratic primaries show rise in anti-Washington sentiment<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/07\/Chris_Stein.png\" alt=\"Chris Stein\" class=\"dcr-wso613\"\/>Chris Stein<\/p>\n<p class=\"dcr-1s160rg\">Anti-Washington sentiment coursed through Colorado\u2019s elections on Tuesday. In the race to replace term-limited Democratic governor, Jared Polis, Colorado\u2019s attorney general, Phil Weiser, edged out the US senator Michael Bennet, according to results reported by the Associated Press. Though Bennet, who has represented Colorado in the Senate since 2009, had entered the race an early favorite, Weiser scuppered his campaign by accusing him of not taking a hard enough line against Donald Trump\u2019s cabinet nominees.<\/p>\n<p class=\"dcr-1s160rg\">In the state\u2019s most competitive House district, the progressive state representative Manny Rutinel defeated a more moderate Democrat, according to the Associated Press, to face Republican congressman Gabe Evans in November. Evans is considered vulnerable and the seat is among a handful of congressional districts across the country that could determine control of the House.<\/p>\n<p class=\"dcr-1s160rg\">Meanwhile, the incumbent senator John Hickenlooper fended off a progressive challenge from state senator Julie Gonzalesto win renomination. He will face the Republican nominee, Mark Baisley, a state senator who ran unopposed.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4520e18f086c02c74ca879#block-6a4520e18f086c02c74ca879\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n<p class=\"dcr-1s160rg\">Ahead of taking off for North Dakota, Trump also said that he told Bill Pulte \u2013\u00a0his controversial pick as acting director of national intelligence \u2013\u00a0to \u201cdeclassify whatever you want\u201d. A reminder that Pulte is set to be replaced by Jay Clayton provided that he clears the confirmation process in the Senate.<\/p>\n<p class=\"dcr-1s160rg\">Some Republicans balked at Trump\u2019s decision to install Pulte \u2013 who has no background in intelligence \u2013 to temporarily replace Tulsi Gabbard.<\/p>\n<p class=\"dcr-1s160rg\">Trump abruptly called off a Senate confirmation hearing for Clayton last month, and directed him not to appear in front of Senate lawmakers. Instead, Clayton \u2013\u00a0who currently serves as US attorney for the Southern District of New York \u2013 will sit before lawmakers later in July.<\/p>\n<p><a href=\"mailto:?subject=\u2018Everybody is profiting\u2019: Trump dismisses questions about over $1bn in crypto earnings \u2013 live&amp;body=https:\/\/www.theguardian.com\/us-news\/live\/2026\/jul\/01\/donald-trump-cryptocurrencies-supreme-court-birthright-citizenship-save-america-act-latest-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-6a4514958f089f7bcf183b95#block-6a4514958f089f7bcf183b95\" type=\"button\" class=\"dcr-10ju04u\">Share<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#8216;Everybody is profiting&#8217;: Trump dismisses questions about over $1bn in crypto earnings While fielding questions from reporters ahead&hellip;\n","protected":false},"author":2,"featured_media":668458,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-668457","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/668457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=668457"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/668457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/668458"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=668457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=668457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=668457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}