{"id":11581,"date":"2026-06-02T15:32:28","date_gmt":"2026-06-02T15:32:28","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=11581"},"modified":"2026-06-02T15:32:28","modified_gmt":"2026-06-02T15:32:28","slug":"how-trump-has-used-the-presidency-to-benefit-himself-and-his-allies","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=11581","title":{"rendered":"How Trump has used the presidency to benefit himself and his allies"},"content":{"rendered":"
\n

By WILL WEISSERT and MICHELLE L. PRICE<\/strong><\/p>\n

WASHINGTON (AP) \u2014 President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government \u2014 even arguing that he \u201cgave up a lot of money in allowing\u201d it.<\/p>\n

Read more From festering infections to untreated cancer, ICE detainees across the US describe medical neglect<\/a><\/p>\n

After drawing outcry in Congress and the courts, however, the White House is reconsidering the fund. That potentially means the suit \u2014 and the possibility that the president could still cash in \u2014 might be back on.<\/p>\n

Trump hasn\u2019t been shy about turning the presidency into a major source of personal benefit, involving everything from merchandising deals to crypto ventures to high-dollar political and official events at his properties.<\/p>\n

Asked about possible self-dealing by the president, the White House called such suggestions \u201cthe same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade.\u201d<\/p>\n

\u201cPresident Trump only acts in the best interests of the American public \u2014 which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media,\u201d spokesperson Anna Kelly said in a statement. \u201cThere are no conflicts of interest.\u201d<\/p>\n

Here are some key ways Trump has reaped rewards for himself, his children and allies in his second term:<\/p>\n

Suing his government and deals favoring his family<\/h4>\n

Last year, the president submitted a claim seeking $230 million in compensation from the Justice Department for a FBI search of his Mar-a-Lago estate in Florida as part of an investigation into whether he took classified records from the White House.<\/p>\n

\n<\/div>\n

In January this year, Trump, his two eldest sons and the family\u2019s business, the Trump Organization, filed a $10 billion lawsuit against the IRS and Treasury Department after a former IRS contractor illegally leaked Trump\u2019s tax returns.<\/p>\n

In an attempt to resolve those cases, Trump\u2019s government agreed that $1.776 billion in taxpayer funds be distributed to people who believe they were targeted by past administrations for prosecution for political purposes \u2014 including the Trump supporters imprisoned for attacking police while overrunning the U.S. Capitol in 2021.<\/p>\n

After blowback from even some congressional Republicans, the Justice Department now says it will comply with a ruling temporarily blocking the fund.<\/p>\n

But there was less clamor about another part of the deal allowing the government to drop pending IRS audits into Trump and his relatives.<\/p>\n

\n<\/div>\n

Separately, the Air Force has agreed to purchase interceptor drones from Powerus, a Florida-based company linked to Trump\u2019s family. And ProPublica reported that direct intervention from the White House preceded the Pentagon agreeing to loan $620 million to Vulcan Elements, a North Carolina startup linked to Donald Trump Jr.<\/p>\n

Trump Organization spokesperson Kimberly Benza denied any ethical conflicts between the White House and the family business.<\/p>\n

\u201cThe Trump Organization operates completely separate from the presidency and is in full compliance with all ethics and conflict-of-interest laws,\u201d Benza said in a statement.<\/p>\n

As for Powerus, Benza said Eric Trump was \u201ca passive investor in a vehicle that, among many others, holds an interest\u201d in the company, but wasn\u2019t involved in its decision-making or management.<\/p>\n

Trading in financial markets he can help move<\/h4>\n

Trump has traded stocks and bonds in unprecedented ways for a sitting U.S. president.<\/p>\n

Office of Government Ethics filings show Trump made more than 3,600 stock trades in the first quarter of 2026 alone \u2014 transactions far exceeding $100 million in value.<\/p>\n

Many of those trades involved sizable purchases of shares of technology and artificial intelligence giants like Nvidia, Dell, Oracle and Palantir before Trump\u2019s administration took policy actions favoring those firms.<\/p>\n

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Similar disclosures last year show that Trump bought up more than $300 million in bonds issued by companies, states and municipalities even as he repeatedly pressed the Federal Reserve to lower interest rates \u2014 a move that could help drive up the value of his holdings.<\/p>\n

Crypto ventures<\/h4>\n

Trump\u2019s family has raked in big profits in the crypto sector since he was reelected. A key driver has been the $TRUMP meme coin, announced the day before Trump took office. Some 220 of the top investors were invited to a subsequent, private reception with the president.<\/p>\n

Trump\u2019s family also has a controlling stake in World Liberty Financial, a crypto firm co-founded with the president\u2019s special envoy Steve Witkoff and run by his son Zach. It has its own stablecoin, USD1, and got a major boost when, just before Trump took office, an investment fund linked to the United Arab Emirates bought a large stake in it.<\/p>\n

An Abu Dhabi state-backed investment firm, MGX, subsequently pledged to use $2 billion worth of USD1 to purchase a stake in Binance, the world\u2019s largest cryptocurrency exchange \u2014 a move that further bolstered World Liberty Financial.<\/p>\n

Trump-branded bonanza<\/h4>\n

Beyond the digital realm, scores of companies pay to license the president\u2019s name for physical products, from Bibles, guitars and sneakers to watches, fragrances and a gold-hued cellphone.<\/p>\n

Trump has promoted many such goods on social media, particularly during his 2024 campaign, but they\u2019ve also made conspicuous appearances at the White House.<\/p>\n

When French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy visited last summer, Trump showed them a merchandise room off the Oval Office stocked with goods for sale on his website. A few months later, video emerged of Trump at the White House spraying Syrian President Ahmad al-Sharaa with bottles of his \u201cVictory 47\u201d cologne and perfume, which he gave him as a gift.<\/p>\n

The president displayed hats emblazoned with \u201cTrump 2028\u201d on the Resolute Desk while meeting with congressional Democrats last year. And, during a televised Cabinet meeting in May, at every seat was a red hat commemorating America\u2019s 250th anniversary.<\/p>\n

Each hat sells for $55 on Trump\u2019s website.<\/p>\n

Paydays for the president\u2019s properties<\/h4>\n

The Republican National Committee and various political groups associated with Trump and the GOP have held fundraisers and political events at Mar-a-Lago, as well as Trump\u2019s estate in Bedminster, New Jersey, and his golf clubs in Doral, Florida, and Sterling, Virginia.<\/p>\n

The LIV Golf league, controlled by the Saudi Public Investment Fund, which is helmed by Crown Prince Mohammed bin Salman, has held events at Doral. Trump will host the G20 summit there in November.<\/p>\n

That means world leaders, support staff, business executives, journalists and the bevies of others involved will be paying the Trump Organization, which purchased Doral in 2012, to attend. The president has already tried to head off criticism of self-dealing around the summit, saying that government attendees will be billed \u201cat-cost\u201d and \u201cWe will not make any money on it.\u201d<\/p>\n

Meanwhile, conservative groups and Republican committees have spent at least $26 million at Trump properties since 2015. The actual figure is likely higher since some groups don\u2019t have to detail their spending.<\/p>\n

Renovation and construction projects<\/h4>\n

Qatar gave Trump a $400 million jet that he intends to employ as Air Force One, then store at his presidential library after he leaves office. The gift has undergone extensive taxpayer-funded rebuilding and security upgrades that lawmakers estimate may exceed $1 billion.<\/p>\n

Trump has also ordered up scores of renovation projects meant to leave his mark on Washington while passing on the costs to taxpayers.<\/p>\n

He long insisted that wealthy donors would pay for the $400 million ballroom he demolished the White House\u2019s East Wing to build \u2014 only to seek $1 billion in federal funding for security upgrades he says the military and Secret Service have sought as part of the project.<\/p>\n

At least $15 million in public funds is going for the ceremonial arch Trump wants built at an entrance to the nation\u2019s capital. The National Park Service is also paying a contractor $13.1 million to carry out the Trump-directed renovation of the Lincoln Memorial Reflecting Pool.<\/p>\n

Read more Hawaii\u2019s Kilauea sets record for lava fountaining episodes in any 1 eruption for the volcano<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump has found multiple ways to harness the presidency to benefit himself, including his anti-weaponization fund.<\/p>\n","protected":false},"author":1,"featured_media":11580,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-11581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nHow Trump has used the presidency to benefit himself and his allies - Silicon Valley Moving Post<\/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:\/\/siliconvalleymovingpost.com\/?p=11581\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Trump has used the presidency to benefit himself and his allies - 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