President made more than $1bn from crypto businesses last year while federal government oversaw regulation. Plus, giant seal causes havoc in Tasmania – but locals love him
Good morning.
Donald Trump has raked in more than $1bn from his crypto businesses since returning to the White House, according to financial disclosures, making him substantially richer and ringing alarm bells over a conflict of interest.
Where else is Trump getting money from? The US president made millions last year from selling Trump-branded bibles, sneakers and other small items in another unprecedented move for the presidency. In the Trump-branded watches category alone, the president earned $4.7m. Trump also racked up tens of millions from fees and licensing deals in a flurry of new hotel, resort and condo deals overseas. Many of those countries were at the same time negotiating with the US over tariffs, military aid and other important matters.