Cashing in on the Presidency
Wednesday, July 1, 2026
Vol. 15, No. 2314
PRESIDENTIAL BUSINESS: Donald Trump made $2.2 billion in his first year back in the presidency, The NY Times reports according to financial disclosures. The paper says he made $1.4 billion just on his issue of a cryptocurrency, revealing that he is a major figure in the crypto business while also being the industry’s top political policymaker.
The paper says Trump also collected hundreds of millions of dollars from sales of his $TRUMP memecoin and World Liberty’s sale of its digital tokens.
Trump … obviously … also sets American foreign policy but one of his biggest hauls in 2025 came when an investment connected to the United Arab Emirates bought nearly half of the Trump family’s main crypto company, World Liberty Financial.
BORN FREE: The Supreme Court ruled 6-3 against President Trump’s attempt through an executive order to end birthright citizenship, the law spelled out in the 14th Amendment that says if you are born in America you are an American.
Trump wanted to end birthright citizenship for the children of people living in the country illegally. He wrote on his Truth Social feed, “I would like to congratulate President Xi, and the Great Country of China, on their massive Birthright Citizenship WIN!”
Writing for the majority, Chief Justice John Roberts cited the 14th Amendment. “Citizenship, then and now, was the right to have rights — to freely participate in our political community,” Roberts wrote. “The framers of the 14th Amendment extended that promise to ‘every free-born person in this land.”
The 14th Amending is so clear it’s amazing that the court even took up the case. Equally stunning is that three justices, Clarence Thomas, Samuel Alito Jr., and Neil Gorsuch sided with Trump. Thomas wrote in his dissent that the 14th Amendment was intended to establish citizenship for former slaves and their descendants. The amendment does not mention slaves or slavery.
THE SUPREMES: In other business, the court ruled that states may decide whether to allow transgender athletes to participate in girls’ sports. The decision involving transgender bans in West Virginia and Idaho gives support to 25 other states with similar restrictions on transgender females joining women’s sports teams.
West Virginia and Idaho have laws saying athletes must compete based on their sex at birth.
Transgender athletes on girls’ teams … “men” as he calls them … has been a major issue for President Trump and his administration. The tide has been turning in Trump’s favor. He ordered federal agencies to withdraw funding from schools that allow transgender athletes in girls’ and women’s sports. In March, the International Olympic Committee barred transgender athletes from competing in the female category of the Olympics. The NCAA announced last year that it would bar trans women from competing in women’s sports.
BACK TO WORK: Republican New Jersey Rep. Tom Kean Jr., who’d been missing from the job for 116 unexplained days, returned to work yesterday and revealed that he had been felled by severe depression.
He said that for part of his absence he had been in the hospital. “Today I stand before you healthier, stronger and excited to return to the work that I love,” he said on the House floor. His long absence gave Democrats a head start in attempting to take his seat in the mid-term elections.
Kean spoke about how serious depression can be and said he had not previously revealed his condition because he’s a very private person.
INFINITE SCROLL:
— Writer E. Jean Carroll asked a federal judge to order Donald Trump to pay her a $5 million civil jury award following the Supreme Court’s decision not to take up the President’s appeal. The judgement with interest is now $5.8 million.
— President Trump is taking his first flight on the new $400 million Air Force One jet given to him by the Qatari government. He’s flying today from Joint Base Andrews to North Dakota to attend the opening of the Theodore Roosevelt Presidential Library.
The jet is painted a bold red, white, and blue with an American flag on the tail rather than the pale blue on Air Force One chosen by Jackie Kennedy.
CRUEL SUMMER: As the heat wave settles in, temperatures in Washington, Philadelphia, and New York are expected to hit 100 degrees or more for several days in a row. New York could hit that mark for the first time in 14 years.
Temperature records are expected to be broken from Texas to North Carolina and up to Maine.Even overnight temperatures could hit record highs.
FUTBOL: The US meets Bosnia-Herzegovina today in the knockout round of the World Cup. The Americans are 2-1 in the competition so far. If they lose today in Santa Clara, California, they’re out, but they are the favorites to win.
THE OBIT PAGE: Victor Willis, a co-founder of the costumed disco group The Village People that has had a resurgence with Donald Trump’s use of their song “YMCA,” died yesterday at age 74.
In the group in which the members dressed as a construction worker, a cowboy, and an American Indian, Willis was the one who dressed as a motorcycle cop.
With their most popular song considered to be a gay anthem, the group has always been assumed to be a gay ensemble, but only two of the original members were openly gay. Willis was straight and married twice, once to actress and singer Phylicia Rashad.
THE SPIN RACK: CNN reports that by the estimate of a luxury wedding planner, the event for pop star Taylor Swift and football player Travis Kelce Friday at Madison Square garden will cost $15-$20 million. — A dog missing for a month in Mexico was returned to its owner after been found with soccer fans celebrating a World Cup win over Ecuador.
BELOW THE FOLD: Disneyland is offering a special evening price of $59. That’s also the price of a hamburger at the happiest place.
-30-



Leave a Reply