{"id":2701,"date":"2026-07-03T18:09:40","date_gmt":"2026-07-03T18:09:40","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=2701"},"modified":"2026-07-03T18:09:40","modified_gmt":"2026-07-03T18:09:40","slug":"trump-scammed-maga-and-they-admire-him-for-it","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=2701","title":{"rendered":"Trump scammed MAGA \u2014 and they ‘admire’ him for it"},"content":{"rendered":"
\n

In the wake of financial disclosures<\/u> showing that President Donald Trump has profited wildly off his presidency over the past year, the Newsweek editors<\/u> have published a detailed analysis in which they assert that he is \u201craking in eye-watering sums of money from cryptocurrency gamblers, most of whom were losers in this trade<\/u>, and also his supporters.\u201d<\/p>\n

Read more MAGA reporter declares: \u2018Uncool\u2019 State Fair debacle is the \u2018end of Trump\u2019<\/a><\/p>\n

According to Newsweek, while his supporters theoretically set out to \u201cdrain the swamp\u201d in corrupt Washington, \u201cThe truth is, MAGA always knew Trump was like this. In fact, it\u2019s a big part of why they backed him in the first place.\u201d<\/p>\n

As Newsweek details, \u201cTrump\u2019s 2025 disclosure lists CIC Digital LLC, described as wholly owned by the Donald J. Trump Revocable Trust, receiving royalties from a license agreement with Celebration Coins and reports the amount as $635,068,835. The same filing reports $236.25 million in token-sale proceeds distributed by World Liberty Financial, plus $65.6 million from the sale of equity in its holding company. Those numbers are politically explosive\u2026 because they involve a sitting president, his family business network and an industry his administration is figuring out how to, and if it should, regulate.\u201d<\/p>\n

Critics say crypto is \u201ca haven for criminals and scammers,\u201d and Newsweek suggests it\u2019s the most \u201cTrumpian\u201d of Trump\u2019s grifts yet. <\/p>\n

\u201cThe $TRUMP coin launched days before Trump returned to office and surged from under $10 to as high as $74.59 before falling back, with four-fifths of its supply held by CIC Digital and an entity called Fight Fight Fight,\u201d explains Newsweek. \u201cThe coin described itself as \u2018an expression of support,\u2019 not an investment or a security \u2014 a distinction that should have cooled anyone foolish enough to be treating it as a retirement plan.\u201d<\/p>\n

Read more Democrats gear up Trump probe \u2018field day\u2019 if they flip the House: legal experts<\/a><\/p>\n

Ultimately, \u201cthere were losses, though not for Trump. Roughly two-thirds of investors in the memecoin are underwater, according to the Wall Street Journal, and the Reuters tally put buyers\u2019 collective losses near the family\u2019s $2.3 billion in gains.\u201d<\/p>\n

As Newsweek notes, \u201cNo supporter deserves to be fleeced because a favorite leader put his name on a speculative asset,\u201d but \u201cthe naivete defense has limits.\u201d Experts and regulators have long warned not only about the \u201cexceptionally volatile and speculative\u201d nature of crypto, which poses a significant risk of total loss, but about the shady nature of Trump\u2019s dealings. With that in mind, \u201ca voter can call Trump\u2019s crypto dealings unseemly all they like, but a speculator who bought a president-branded token after years of such warnings has a hard time arguing the house owed him a win.\u201d<\/p>\n

According to Newsweek, \u201cIt is easy to see the new crypto numbers as a betrayal of Trump\u2019s voters, many of whom are struggling middle-and-working class voters who can never hope to own even a tiny fraction, if that, of what these deals alone made for him. But this is the kind of transaction many Trump supporters were primed to admire\u2026 The problem was not his instinct for aggressive self-interest, in Trump\u2019s telling, but stupid leaders who failed to turn pursuit of self-interest into national advantage.\u201d<\/p>\n

Whether all the crypto corruption scandal will impact Trump depends on \u201chow his voters parse it, especially those who bought the coin and experienced losses \u2014 as personal betrayal, or as the cost of playing near power. Will the Trump supporters among the two-thirds of memecoin buyers now sitting on losses begin to defect, or simply shrug and stay with him?\u201d<\/p>\n

Read more Ex-ambassador calls out Trump \u2018communism\u2019 \u2014 and Republicans for going along with it<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In the wake of financial disclosures showing that President Donald Trump has profited wildly off his presidency over the past year, the Newsweek editors have published a detailed analysis in which they assert that he is \u201craking in eye-watering sums of money from cryptocurrency gamblers, most of whom…<\/p>\n","protected":false},"author":1,"featured_media":122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTrump scammed MAGA \u2014 and they 'admire' him for it - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=2701\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump scammed MAGA \u2014 and they 'admire' him for it - Next Address America\" \/>\n<meta property=\"og:description\" content=\"In the wake of financial disclosures showing that President Donald Trump has profited wildly off his presidency over the past year, the Newsweek editors have published a detailed analysis in which they assert that he is \u201craking in eye-watering sums of money from cryptocurrency gamblers, most of whom...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nextaddressamerica.com\/?p=2701\" \/>\n<meta property=\"og:site_name\" content=\"Next Address America\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-03T18:09:40+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#\\\/schema\\\/person\\\/a4840e0eb2094ec31aed2107d53108b3\"},\"headline\":\"Trump scammed MAGA \u2014 and they ‘admire’ him for it\",\"datePublished\":\"2026-07-03T18:09:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701\"},\"wordCount\":620,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef73b19c68ab087aa86cd91e45267aa7.webp\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701\",\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701\",\"name\":\"Trump scammed MAGA \u2014 and they 'admire' him for it - Next Address America\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef73b19c68ab087aa86cd91e45267aa7.webp\",\"datePublished\":\"2026-07-03T18:09:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#\\\/schema\\\/person\\\/a4840e0eb2094ec31aed2107d53108b3\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#primaryimage\",\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef73b19c68ab087aa86cd91e45267aa7.webp\",\"contentUrl\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef73b19c68ab087aa86cd91e45267aa7.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=2701#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nextaddressamerica.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump scammed MAGA \u2014 and they ‘admire’ him for it\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#website\",\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/\",\"name\":\"Next Address America\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nextaddressamerica.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#\\\/schema\\\/person\\\/a4840e0eb2094ec31aed2107d53108b3\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/nextaddressamerica.com\"],\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump scammed MAGA \u2014 and they 'admire' him for it - Next Address America","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nextaddressamerica.com\/?p=2701","og_locale":"en_US","og_type":"article","og_title":"Trump scammed MAGA \u2014 and they 'admire' him for it - Next Address America","og_description":"In the wake of financial disclosures showing that President Donald Trump has profited wildly off his presidency over the past year, the Newsweek editors have published a detailed analysis in which they assert that he is \u201craking in eye-watering sums of money from cryptocurrency gamblers, most of whom...","og_url":"https:\/\/nextaddressamerica.com\/?p=2701","og_site_name":"Next Address America","article_published_time":"2026-07-03T18:09:40+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nextaddressamerica.com\/?p=2701#article","isPartOf":{"@id":"https:\/\/nextaddressamerica.com\/?p=2701"},"author":{"name":"admin","@id":"https:\/\/nextaddressamerica.com\/#\/schema\/person\/a4840e0eb2094ec31aed2107d53108b3"},"headline":"Trump scammed MAGA \u2014 and they ‘admire’ him for it","datePublished":"2026-07-03T18:09:40+00:00","mainEntityOfPage":{"@id":"https:\/\/nextaddressamerica.com\/?p=2701"},"wordCount":620,"commentCount":0,"image":{"@id":"https:\/\/nextaddressamerica.com\/?p=2701#primaryimage"},"thumbnailUrl":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/ef73b19c68ab087aa86cd91e45267aa7.webp","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nextaddressamerica.com\/?p=2701#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nextaddressamerica.com\/?p=2701","url":"https:\/\/nextaddressamerica.com\/?p=2701","name":"Trump scammed MAGA \u2014 and they 'admire' him for it - Next Address America","isPartOf":{"@id":"https:\/\/nextaddressamerica.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nextaddressamerica.com\/?p=2701#primaryimage"},"image":{"@id":"https:\/\/nextaddressamerica.com\/?p=2701#primaryimage"},"thumbnailUrl":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/ef73b19c68ab087aa86cd91e45267aa7.webp","datePublished":"2026-07-03T18:09:40+00:00","author":{"@id":"https:\/\/nextaddressamerica.com\/#\/schema\/person\/a4840e0eb2094ec31aed2107d53108b3"},"breadcrumb":{"@id":"https:\/\/nextaddressamerica.com\/?p=2701#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nextaddressamerica.com\/?p=2701"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nextaddressamerica.com\/?p=2701#primaryimage","url":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/ef73b19c68ab087aa86cd91e45267aa7.webp","contentUrl":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/ef73b19c68ab087aa86cd91e45267aa7.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/nextaddressamerica.com\/?p=2701#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nextaddressamerica.com\/"},{"@type":"ListItem","position":2,"name":"Trump scammed MAGA \u2014 and they ‘admire’ him for it"}]},{"@type":"WebSite","@id":"https:\/\/nextaddressamerica.com\/#website","url":"https:\/\/nextaddressamerica.com\/","name":"Next Address America","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nextaddressamerica.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nextaddressamerica.com\/#\/schema\/person\/a4840e0eb2094ec31aed2107d53108b3","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/nextaddressamerica.com"],"url":"https:\/\/nextaddressamerica.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/2701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2701"}],"version-history":[{"count":0,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/2701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/media\/122"}],"wp:attachment":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}