Fox News Struggles to Defend Trump Crypto 'Grift,' So He'll Just Have to Do It Himself

Key Points:

• President Donald Trump disclosed earning over $1 billion from cryptocurrency ventures in 2025, including $1.4 billion from his memecoin $TRUMP and his sons' company World Liberty Financial, drawing criticism even from traditionally supportive outlets like the Wall Street Journal and Fox News.
• Trump accused the Biden administration of "weaponizing" crypto regulations by prosecuting industry figures, while acknowledging his prior skepticism shifted due to concerns about China's dominance in the sector.
• The Wall Street Journal criticized Trump's crypto dealings as "honest graft," highlighting questionable foreign deals and family profits linked to his presidency, contrasting them with Hunter Biden's foreign dealings by emphasizing the Trumps' openness.
• Despite some critical coverage, Fox News largely praised Trump over the weekend, especially surrounding his Independence Day speech, though it briefly aired segments highlighting Democratic criticism and editorial scrutiny of his crypto earnings.
• Trump's defense of his crypto activities included verbal missteps and dismissive remarks about involvement with his sons' businesses, while also promoting tax-advantaged "Trump Accounts" and associating with figures like Michael Dell, suggesting indirect business benefits.