Trump Rakes in Over $1 Billion from Crypto as State Fair Draws Small Crowds

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Trump live updates: President rakes in more than $1bn from crypto business as his state fair continues to draw small crowds

Federal disclosure forms showed that President Donald Trump earned more than $2 billion during his first year back in the White House, much of it from crypto

President Donald Trump earned at least $2.2 billion in his first year back in office, including about $1.4 billion from his family’s crypto companies, federal disclosures show.

Critics accused the Republican of exploiting the stature of the presidency for personal gain.

His financials may be booming, but Trump suffered a major loss in the Supreme Court on Tuesday.

In one of the most anticipated rulings of the term, the justices struck down the president’s executive order that sought to end birthright citizenship for children born to undocumented immigrants or people in the U.S. temporarily.

Trump is now calling on Congress to enact legislation that would end birthright citizenship, continuing the fight against the enshrined right after the Supreme Court ruled against him Tuesday.

“The Supreme Court upheld Birthright Citizenship, which is too bad for our Country, but we can easily make it up in Congress through Legislation,” Trump wrote on Truth Social.

Trump’s pushback comes ahead of the July 4 weekend, when he is expected to headline a fireworks show in celebration of America’s 250th anniversary with a speech in the nation’s capital.

Thus far, his Great American State Fair continues to be mocked online for what appear to be small crowds.

Trump rages at Republicans after they split on defense vote: report

President Trump reportedly criticized some of his Republicans colleagues during a Rose Garden dinner after a handful of GOPers sided with Democrats today in the House to block the progress of a major defense bill.

“It’s a stupid vote,” Trump reportedly told Republican lawmakers during the dinner, after 14 GOP House members joined with Democrats to stall a version of the annual National Defense Authorization Act bill that paired the measure with a series of proposed voter ID measures long sought by the president.

“They stick together,” Trump reportedly added. “So should we."

Many of the Republicans who blocked the bill from reaching the floor said they were doing so because they worried the Senate would eventually strip out the SAVE America Act voting rules included in the House package.

Josh Marcus1 July 2026 02:32

'A terrible idea': Fears as Trump administration plans fireworks on Mount Rushmore despite fire risk

Environmentalists are concerned over the Trump administration’s planned fireworks show on Friday at Mount Rushmore in South Dakota, given ongoing conditions that raise the risk of a fire, including a drought and warm, dry weather in the region.

“Fireworks at Mount Rushmore is a terrible idea,” Jay Davis, chair of the Sierra Club’s South Dakota chapter, told Politico. “We are enduring a serious drought.”

Josh Marcus1 July 2026 01:30

Reaction to GOP's move for a midterm convention

The Republican Party is forecast to lose this November’s midterm elections by some degree, which makes its recently announced move to hold its first-ever midterm convention in September all the more interesting.

Online, commentators had a variety of reactions.

House Minority Leader Hakeem Jeffries mocked the plan, alluding to the string of artists who have backed out or were unable to perform at President Trump’s other major political showcase, the ongoing Great American State Fair on the National Mall in Washington.

“Donald Trump just announced a GOP midterm convention in September,” Jeffries wrote on X. “Will Vanilla Ice be performing?”

Others saw value in the convention, arguing it would be a useful thing for both parties to try.

“Don’t think this stuff has a big impact of the race, but I do think Democrats in this media environment, could have benefited from doing a midterm convention,” New York Times columnist Rotimi Adeoye wrote on X, though he noted Democrats are far behind the Republicans in fundraising at the moment. “Make a show of some of the new talent around the country, unfortunately we are too poor to afford an event like this.”

Josh Marcus1 July 2026 01:15

President Trump announces first-ever GOP midterm convention

The Republican party will hold its first ever midterm convention later this year, as the party looks to defend its imperiled congressional majority in elections this November.

“It will be fantastic!” President Trump boasted on Truth Social on Tuesday. “It has never been done before, and will be a truly Historic Event. We are going to celebrate the GREAT AMERICAN COMEBACK, and the incredible successes of the American People who transformed our Country through the America First Agenda — NO TAX ON TIPS, NO TAX ON OVERTIME, NO TAX ON SOCIAL SECURITY, STRONGER BORDERS, SAFEST EVER COMMUNITIES, LOWER COSTS AND REAL AFFORDABILITY, MORE JOBS, AMERICAN ENERGY DOMINANCE, AND SO MUCH MORE!”

“We will also have lots of Great Entertainment — It will be a RALLY like none other!” he added.

If it’s anything like his ongoing Great American State Fair in Washington, the rally portion of the event may fall flat.

Fox News strains to make Trump’s state fair seem packed despite video proof: ‘Sad’

The network has echoed the president’s dubious claims that the Freedom 250 Great American State Fair is full of people

Josh Marcus1 July 2026 00:45

Trump nabbed more than $1 billion from crypto businesses last year: filings

Last year, President Trump continued to earn vast sums of money from his family’s crypto businesses as he occupied the White House, even as the value of their crypto tokens plummeted.

The president earned nearly $1.2 billion dollars, according to financial disclosures analyzed by The Washington Post.

The crypto industry was a major donor to the 2024 Trump campaign, and since taking office, the president has rolled back his predecessor’s more adversarial stance towards digital currencies.

President Trump has faced criticisms he’s profiting from his position in office.

Trump bought up to $5M of stock in Taser company right before $220M ICE bid

Police technology manufacturer stands to benefit from administration’s plans to massively expand immigration enforcement

Josh Marcus1 July 2026 00:19

Trump offers snarkiest response ever to birthright citizenship loss: ‘I would like to congratulate President Xi’

Donald Trump has spent years railing at the Constitution’s principle of birthright citizenship and has sought to unilaterally redefine who gets to be an American.

But after the Supreme Court struck down his unconstitutional executive order to block automatic citizenship to the children of certain immigrant parents, the president seemed to believe he still has a shot in Congress — and then he thanked China’s president.

“I would like to congratulate President Xi, and the Great Country of China, on their massive Birthright Citizenship WIN!” Trump wrote on Truth Social Tuesday.

Trump and administration officials have repeatedly claimed that thousands of pregnant women travel to the U.S. within the final days of their pregnancy every year to ensure their newborn child gets American citizenship, including potentially tens of thousands of Chinese nationals. There is little proof that the claim is true.

Alex Woodward30 June 2026 23:00

Clarence Thomas claims Supreme Court birthright decision ‘devalues’ US citizenship for other Americans

Conservative Supreme Court Justice Clarence Thomas claims the landmark ruling affirming citizenship for all children born on U.S. soil “devalues” American citizenship.

In a separate dissent from the majority opinion, Justice Samuel Alito suggested that the majority’s opinion will “degrade” the concept of American citizenship by making the children of “birth tourists” citizens.

Read more from Alex Woodward:

Clarence Thomas claims birthright decision ‘devalues’ citizenship for other Americans

Justice Ketanji Brown Jacksom slams conservative’s ‘myopic’ treatment of 14th Amendment

Alex Woodward30 June 2026 22:30

Sandy Hook shooting survivor warns loosening gun laws will lead to more gun deaths

A survivor of the Sandy Hook Elementary School shooting cautioned the Supreme Court that loosening state bans on assault-style rifles could lead to more gun deaths.

“Far too many school shootings, including the tragedy that took place at Sandy Hook, are made more deadly by the easy availability of assault weapons,” Abbey Clements said Tuesday.

Clements’ comment comes after the Supreme Court said it would take up two cases challenging state laws that ban assault-style semiautomatic weapons.

“The simple fact is that we had fewer mass shootings and mass shootings were less deadly when we had a federal assault weapons ban in place. With the Supreme Court opening the door to striking down more state bans, we know what the result will be – more mass shootings and more gun deaths.”

Ariana Baio30 June 2026 22:00

Ruling on transgender athletes applies to states with laws banning participation

The Supreme Court’s ruling on transgender women and girls participating in sports is limited to states that currently have laws restricting them from playing on women’s and girls’ teams.

The court’s ruling Tuesday does not prohibit transgender women and girls from participating on sports teams, rather, it gives states the OK to enact bans.

Approximately 29 states have such laws.

Ariana Baio30 June 2026 21:53

From the Supreme Court on Monday: Mail-in ballot voting

Monday, the Supreme Court ruled in favor of states that enacted laws to allow for late mail-in ballots to be counted after Election Day – so long as they are postmarked by Election Day.

The ruling was a loss for Trump, who has railed against mail-in ballot voting.

Supreme Court delivers big blow to Trump’s plan to limit mail-in voting

Chief Justice John Roberts and Justice Amy Coney Barrett sided with the court’s three liberal justices

Ariana Baio30 June 2026 21:30