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Trump Nets $2B, $635M Crypto; UAE Gives $500M

7/6/2026

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Story summary
  • U.S. President Donald Trump disclosed earning over $2 billion in the first year of his second term from Trump-branded businesses, including $635 million from cryptocurrency.
  • Senator Elizabeth Warren called the crypto profits “brazen crypto corruption” and warned they could be used to buy political favors.
  • A $500 million transfer from the United Arab Emirates to Trump’s crypto firm granted the UAE U.S. AI chips and secured a pardon for a convicted crypto kingpin.