I’m feeling nostalgic for the cartoon days of Trump 45, the days before Truth Social and X, before Chainsaw Elon, when tweets were still tweets and incompetence tempered ambition. We merely shook our heads in wonder when Trump tweeted:

“Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart…. I went from VERY successful businessman, to top T.V. Star… to President of the United States (on my first try). I think that would qualify as not smart, but genius….and a very stable genius at that!”

This is the tweet that inspired one Congressman to propose The Standardizing Testing and Accountability Before Large Elections Giving Electors Necessary Information for Unobstructed Selection Act, or The STABLE GENIUS Act, an act that would have required presidential candidates to undergo a standardized medical exam and disclose the results before elections.

It didn’t pass. Nor did the American electorate pass its test in 2024. So we grapple with the much darker reality of Trump 47, a stable of unstable Cabinet members, a subservient GOP-controlled Congress, and a compromised Supreme Court. Instead of medical tests, we have loyalty tests.

Now witness Trump 47 cashing in on the Presidency with abandon and without shame, unchecked and immune. I wrote about this in April when Trump promoted a “contest” offering a private dinner with him at his golf club in Virginia, for the top 220 investors in his $Trump meme coin, followed by a VIP tour of the White House for the top 25. See In the Hall of the Crypto King.

The man who described cryptocurrency as a “scam” in 2021, changed his tune in 2024 when he discovered it’s potential for earning him votes and profits, declaring himself the “crypto candidate” and co-founding the crypto firm World Liberty Financial (WLF) with his sons, Steve Witkoff and others. The crypto industry donated millions to his campaign, and the faithful flocked to invest in his crypto firm.

This past week, Trump reported personal income of $57.3 million off token sales from WLF in 2024. Expect Trump’s WLF income to rise substantially in 2025. As the New York Times reported in a major exposé last month, “World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.”

A lengthy piece in The Guardian yesterday further details Trump’s crypto maneuverings, including the observation of Harvard Government Professor Steven Levitsky:

“I have never seen such open corruption in any modern government anywhere.”

Also yesterday, the Senate passed the GENIUS Act, which establishes a regulatory framework for U.S.-dollar-pegged stablecoins. This is viewed as a major win for the industry, establishing guardrails that will allow it to thrive. And who is in prime position to benefit? Donald Trump and WLF. WLF’s primary offering is “USD1” digital dollar stablecoins:

What does the GENIUS Act not include? Any check on Trump’s ability to endorse and directly profit from his family’s crypto enterprises. A number of senators tried. Senator Bennet of Colorado proposed yet another STABLE GENIUS Act last month, this time standing for Stop Trading Assets Benefiting Lawmakers’ Earnings while Governing Exotic and Novel Investments for the United States.

As we know by this point, Mike Lawler is Donald Trump’s stable boy. He dodges the question of Trump corruption at every town hall by citing his legislative efforts to regulate crypto as a member of the House Financial Services Committee. “Raise your hand if you support the regulation of cryptocurrency.” The reality is that these regulatory proposals will do nothing to rein in Trump’s corruption, but will instead promote crypto and increase the profit potential of his corrupt family businesses.

Check out the WLF website and decide for yourself whether this looks like a blind trust.

Mike Lawler explains: “That is a separate legal entity. And his sons, as far as I understand, are running the business.” Nothing to see here. Keep shoveling, stable boy.