{"id":5056,"date":"2026-07-06T17:41:08","date_gmt":"2026-07-06T17:41:08","guid":{"rendered":"https:\/\/relocationtimess.com\/?p=5056"},"modified":"2026-07-06T17:41:08","modified_gmt":"2026-07-06T17:41:08","slug":"crypto-red-cards-and-trumps-corruption-problem","status":"publish","type":"post","link":"https:\/\/relocationtimess.com\/?p=5056","title":{"rendered":"Crypto, red cards and Trump\u2019s corruption problem"},"content":{"rendered":"
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\n Last week, President Donald Trump\u2019s financial disclosures showed he earned more than $2 billion in 2025 \u2014 including an astonishing more than $1 billion from his family\u2019s entry into the largely unregulated world of cryptocurrency.\n <\/p>

Read more ICE officers warned a New York man after he sent a critical email to the agency\u2019s chief. Now he\u2019s suing<\/a><\/p>\n

\n The day after that information became public, Trump began flying on a new $400 million Air Force One that was gifted to his administration by Qatar.\n <\/p>\n

\n Then on Sunday, we learned that FIFA had overturned a one-game World Cup suspension for US soccer star Folarin Balogun after Trump got involved. It was a highly unusual intervention from a head of state that is now causing an international incident amid European allegations of favoritism and possible corruption. (The US plays Belgium on Monday night.)\n <\/p>\n

\n Trump\u2019s self-enrichment and transactionality have long been evident \u2014 even in-your-face and unapologetic \u2014 in his second term. But each day seems to bring fresh, sometimes shocking reinforcement.\n <\/p>\n

\n And it\u2019s a potential sleeping giant of a political issue for Trump and the Republican Party, with polls showing Americans are inclined to believe the worst about how Trump operates.\n <\/p>\n

\n Trump\u2019s self-enrichment\n<\/h2>\n

\n The news about Trump\u2019s billions in new wealth on his personal financial disclosure form is significant because it puts a hard dollar figure on how much Trump has enriched himself since he\u2019s been back in office. (Previously, journalists, including at the New Yorker, aimed to estimate how much he had made, but now we have a self-reported figure to reference.)\n <\/p>\n

\n It\u2019s also just a huge figure. As the New York Times noted last week, the figure \u2014 which is at least $2.2 billion but could be more \u2014 is significantly more than the minimum of $622 million he earned in 2024, before returning to the White House.\n <\/p>\n

\n Trump has dismissed concerns that he\u2019s profiting from his job, insisting he isn\u2019t directly involved in managing his personal fortune and attributing his rising wealth to the stock market. But Trump has promoted the crypto industry while in office, and his two Florida resorts have also delivered record-breaking surges in revenue, according to his latest disclosure.\n <\/p>\n

\n That shows just how much Trump has monetized his political power. He also did it largely through an industry with very little in the way of safeguards against corruption.\n <\/p>\n

\n And it comes as Trump has sought to put his name, image and signature on a whole host of things that are usually reserved for revered former presidents.\n <\/p>\n

\n The FIFA situation\n<\/h2>\n

\n The FIFA situation is somewhat different, in that it\u2019s less about Trump\u2019s self-enrichment than about potential undue political influence.\n <\/p>\n

\n It\u2019s not clear at this point precisely how much Trump pressured FIFA or how direct the request was; we\u2019re still learning the details. Trump said he asked for the review but \u201cdidn\u2019t tell [FIFA President Gianni Infantino] what to do.\u201d Infantino insisted the decision was made by an independent body, even as he confirmed that he and Trump had spoken.\n <\/p>\n

\n But it\u2019s abundantly clear that Trump has thrown his weight around with FIFA before and that Infantino has felt the need to cater to him (to say the least).\n <\/p>\n

\n It was just eight months ago, after all, that FIFA actually created a new \u201cFIFA Peace Prize\u201d and gave it to Trump after Trump failed to win his coveted Nobel Peace Prize. But that\u2019s hardly all. Infantino has gone to great lengths to curry favor with Trump, and the Times even reported last month that FIFA has leased an office that \u201chas sat all but empty\u201d in Trump Tower for the past year.\n <\/p>\n

\n Given that history, even if Trump didn\u2019t directly ask FIFA to make Balogun eligible, his mere involvement was going to cast a shadow over the decision. And Trump got involved anyway.\n <\/p>\n

\n The other caveat with the FIFA decision is that it\u2019s one that many American fans will feel was ultimately just, even if some don\u2019t like the thought of Trump putting his thumb on the scale.\n <\/p>\n

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\"United<\/figure>\n<\/figure>\n\n<\/div>\n
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\nUnited States’ Folarin Balogun fouls Bosnia’s Tarik Muharemovic during the World Cup round of 32 soccer match between the United States and Bosnia in Santa Clara, California, on July 1. Balogun ultimately received a red card on the play.<\/span>\n<\/div>\n
Jeff Chiu\/AP<\/figcaption>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n Many felt the foul that led to Balogun\u2019s red card at last week\u2019s game against Bosnia and Herzegovina didn\u2019t warrant such a harsh penalty. FIFA also might have violated the rules around using replay by showing the referee who reviewed the foul a slow-motion replay with which to make his decision. (Slow-motion tends to make fouls look worse.)\n <\/p>

Read more \u2018I didn\u2019t think it was a foul\u2019: Trump says he asked FIFA president for review of controversial red card<\/a><\/p>\n

\n But even if the ultimate outcome was the right one, that doesn\u2019t mean the process was above-board \u2014 or that this will be the end of it. Europe is crying foul, with its soccer governing body UEFA calling the reversal \u201cunprecedented, incomprehensible and unjustifiable\u201d and saying it \u201ccrossed a red line.\u201d\n <\/p>\n

\n Now, if the United States does beat Belgium and advance, the controversy could mar what would otherwise be one of the most triumphal moments in US men\u2019s soccer history.\n <\/p>\n

\n What the polls show\n<\/h2>\n

\n At the very least, the situation furthers an image of a president who is unafraid of the appearance of impropriety. He seems to have adopted a \u201cmight makes right\u201d approach and an attitude that he\u2019s entitled to whatever he can grab hold of, try to influence or affix his name to.\n <\/p>\n

\n But do Americans view Trump\u2019s actions as evidence of corruption? Polling suggests they increasingly do \u2014 or, at least, that the problem of corruption has gotten worse on his watch.\n <\/p>\n

\n While there\u2019s relatively little data on this subject, a Pew Research Center poll in October showed 61% of Americans believed Trump had at least probably \u201cimproperly used his office to enrich himself and his friends and family.\u201d\n <\/p>\n

\n Even 31% of Republicans and Republican-leaning independents believed that was at least probably true.\n <\/p>\n

\n Likewise, a September Washington Post-Ipsos poll showed 56% overall and 65% of independents said they believed Trump was \u201cusing the presidency to enrich himself.\u201d\n <\/p>\n

\n More recent polling doesn\u2019t get at the issue as directly. But it does point to problems for Trump.\n <\/p>\n

\n Americans said 49%-21% that corruption had increased rather than decreased since Trump took office last year, in an April Washington Post-ABC News poll.\n <\/p>\n

\n Polling from Reuters and Ipsos has shown the percentage of Americans who disapprove of Trump on the issue of corruption has increased from to .\n <\/p>\n

\n Neither question asked about Trump being corrupt, specifically, but it\u2019s safe to assume many people had that in mind.\n <\/p>\n

\n And finally, a Strength in Numbers-Verasight poll last month showed Americans said 53%-39% that the grounds existed to impeach Trump. One of the most oft-cited reasons? Corruption and self-enrichment, which was cited by 30% of those who said the grounds existed.\n <\/p>\n

\n The danger for Trump\n<\/h2>\n

\n The danger for Trump in all of this isn\u2019t so much that Americans suddenly see Trump as corruptible. The Pew data, for instance, showed a majority of Americans expected Trump to improperly enrich himself even , before he was first elected.\n <\/p>\n

\n The danger is in Americans viewing this as an overriding theme of his presidency. That becomes even more problematic politically if they see him enriching himself and engaging in corrupt bargains even as the economy is suboptimal and he\u2019s neglecting their very serious cost-of-living concerns.\n <\/p>\n

\n Trump ran for office as someone who had exploited the system when he was in the private sector and was now going to bring that know-how into government to help out everyday Americans. But he\u2019s at risk of looking like he\u2019s largely looking out for himself.\n <\/p>\n

\n Americans might cheer Balogun being back on the field on Monday night, and perhaps even credit Trump for making it happen. But he\u2019s furthering a fraught narrative.\n <\/p>

Read more An anti-inflammatory diet may lower dementia risk, even in people with early signs of Alzheimer\u2019s<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Last week, President Donald Trump\u2019s financial disclosures showed he earned more than $2 billion in 2025 \u2014 including an astonishing more than $1 billion from his family\u2019s entry into the largely unregulated world of cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":5053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nCrypto, red cards and Trump\u2019s corruption problem - Relocation Times<\/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:\/\/relocationtimess.com\/?p=5056\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto, red cards and Trump\u2019s corruption problem - 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