Alarm bells over conflict of interest as filing shows Trump raked in $2bn in 2025 | First Thing

According to a 927-page document released on Tuesday by the US Office of Government Ethics, in all, Trump made more than $2.2bn last year. Photograph: Jonathan Raa/NurPhoto/REX/Shutterstock View image in fullscreen According to a 927-page document released on Tuesday by the US Office of Government Ethics, in all, Trump made more than $2.2bn last year. Photograph: Jonathan Raa/NurPhoto/REX/Shutterstock First Thing: Alarm bells over conflict of interest as filing shows Trump raked in $2bn in 2025 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. According to a 927-page document released on Tuesday by the US Office of Government Ethics, in all, Trump made more than $2.2bn last year, benefitting from a vast network of businesses and investments across the world including in China. Anna Kelly, a White House spokesperson, denied there was any conflict of interest, saying any suggestion of that was “the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.” 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. US supreme court upholds birthright citizenship in blow to Trump agenda View image in fullscreen The court rejected Donald Trump’s executive order that attempted to abolish birthright citizenship. Photograph: imagestopshop/Alamy The US supreme court has upheld the constitutional guarantee of birthright citizenship , affirming that nearly all people born on US soil are American citizens and rejecting a central pillar of Donald Trump’s anti-immigrant agenda. The president had issued an executive order on the first day of his second term that sought to deny automatic citizenship to the individuals born to undocumented immigrants and temporary foreign residents. Writing for the majority, the chief justice, John Roberts, said this order violated the 14th amendment of the US constitution. Anna Betts has this selection of the key quotes from the ruling , and Maanvi Singh points out there is anger the decision was not unanimous, and worry that dissenting justices have given weight to fringe theories. Democratic socialist Melat Kiros defeats 15-term incumbent in Colorado House primary View image in f