{"id":155693,"date":"2026-07-01T11:31:50","date_gmt":"2026-07-01T19:31:50","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/07\/01\/former-biglaw-partner-says-trumps-billion-dollar-crypto-haul-is-the-greatest-onslaught-of-corruption-in-the-history-of-mankind\/"},"modified":"2026-07-01T11:31:50","modified_gmt":"2026-07-01T19:31:50","slug":"former-biglaw-partner-says-trumps-billion-dollar-crypto-haul-is-the-greatest-onslaught-of-corruption-in-the-history-of-mankind","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/07\/01\/former-biglaw-partner-says-trumps-billion-dollar-crypto-haul-is-the-greatest-onslaught-of-corruption-in-the-history-of-mankind\/","title":{"rendered":"Former Biglaw Partner Says Trump\u2019s Billion-Dollar Crypto Haul Is \u2018The Greatest Onslaught Of Corruption In The History Of Mankind\u2019"},"content":{"rendered":"

Former Hogan Lovells partner turned White House special counsel (in the Trump I regime) Ty Cobb is back on the cable news circuit to make some biting comments about his former boss. Cobb left the hallowed halls of Biglaw to join the first Trump administration, but he quickly left. Since then, he and his signature mustache have taken to the airwaves with a folksy way of cutting through the right-wing BS \u2014 calling Trump \u201cinsane,\u201d<\/a> warning there are no \u201cguardrails\u201d left around him,<\/a> and diagnosing \u201cpalpable\u201d cognitive decline<\/a> with increasing urgency. His latest appearance<\/a>, on CNN\u2019s OutFront<\/em> with Erin Burnett, may be his most pointed yet.<\/p>\n

The occasion was Tuesday\u2019s release of Trump\u2019s annual financial disclosure, a 927-page document filed with the U.S. Office of Government Ethics. It revealed that Trump earned over $500 million from World Liberty Financial, the crypto venture co-founded with his sons Donald Jr. and Eric that sells governance tokens and a USD1 stablecoin, plus more than $635 million in royalties from CIC Digital LLC connected to his $TRUMP meme coin, a product he launched three days before his second inauguration while billing himself the \u201ccrypto president.\u201d The combined crypto haul tops $1 billion for 2025 alone. (The coins, it bears noting, have cratered in value since they were sold, leaving buyers holding the bag while the president pocketed the proceeds.)<\/p>\n

Burnett asked Cobb the obvious question: is any of this legal?<\/p>\n

\u201cI don\u2019t believe so,\u201d Cobb replied. \u201cCertainly, I don\u2019t think it was contemplated by the Founders when they created the emoluments clause. I do think that one of the line items, of course, is the commemorative coins, several hundred million dollars of income related to those coins.\u201d He went on: \u201cHow can that be anything other than trading on his image and likeness\u201d in violation of that 1787 clause? The emoluments clause is designed to prevent federal officials from being corrupted, influenced, or enriched by external entities, a concern the Founders took seriously enough to put directly in the Constitution, even if Trump has long maintained the word itself is obscure.<\/a><\/p>\n

Cobb called crypto \u201ca slimy industry\u201d and said Trump\u2019s approach \u2014 \u201cwhere he creates policies that can only enrich himself and his family\u201d \u2014 is \u201csomething that I think the average American should be staggered by.\u201d He added, \u201cYou mentioned the scale, and I think the scale here is just \u2026 it\u2019s intentional. There\u2019s no question.\u201d<\/p>\n

Then came the line that will stick. \u201cI mean, we are seeing the greatest onslaught of corruption in the history of mankind in the last 18 months,\u201d Cobb said. He invoked the $1.8 billion \u201cAnti-Weaponization Fund\u201d that Trump and Todd Blanche tried to extract from the Treasury (something we\u2019ve covered extensively around here<\/a>) as Exhibit A. And he offered a pointed contrast with the corruption allegations Republicans spent years lobbing at Hunter Biden, \u201cWhen you talk about the scale, you\u2019ve got Hunter Biden, who if they traced every dollar that he was accused of ever having, he couldn\u2019t ante in the game that Trump is playing. Trump is playing with billions; they were playing with millions.\u201d<\/p>\n

Cobb\u2019s conclusion, \u201cSo, the grift is on. It\u2019s stunning.\u201d<\/p>\n

Cobb has been calling out the \u201cevil\u201d president and the \u201cneutered\u201d Congress<\/a> for a while now. The former Biglaw partner turned White House attorney turned media critic continues to make increasingly dire pronouncements, and as ever, the people with actual authority to do something about it are nowhere to be found.<\/p>\n

\n

\"\"<\/p>\n

Kathryn Rubino is a Senior Editor at Above the Law, host of\u00a0The Jabot podcast<\/a>, and co-host of\u00a0Thinking Like A Lawyer<\/a>. AtL tipsters are the best, so please connect with her. Feel free to email\u00a0her<\/a>\u00a0with any tips, questions, or comments and follow her on Twitter\u00a0@Kathryn1<\/a>\u00a0or Bluesky\u00a0@Kathryn1<\/a><\/em><\/strong><\/p>\n

The post Former Biglaw Partner Says Trump\u2019s Billion-Dollar Crypto Haul Is \u2018The Greatest Onslaught Of Corruption In The History Of Mankind\u2019<\/a> appeared first on Above the Law<\/a>.<\/p>\n

<\/em><\/strong><\/p>\n

Former Hogan Lovells partner turned White House special counsel (in the Trump I regime) Ty Cobb is back on the cable news circuit to make some biting comments about his former boss. Cobb left the hallowed halls of Biglaw to join the first Trump administration, but he quickly left. Since then, he and his signature mustache have taken to the airwaves with a folksy way of cutting through the right-wing BS \u2014 calling Trump \u201cinsane,\u201d<\/a> warning there are no \u201cguardrails\u201d left around him,<\/a> and diagnosing \u201cpalpable\u201d cognitive decline<\/a> with increasing urgency. His latest appearance<\/a>, on CNN\u2019s OutFront<\/em> with Erin Burnett, may be his most pointed yet.<\/p>\n

The occasion was Tuesday\u2019s release of Trump\u2019s annual financial disclosure, a 927-page document filed with the U.S. Office of Government Ethics. It revealed that Trump earned over $500 million from World Liberty Financial, the crypto venture co-founded with his sons Donald Jr. and Eric that sells governance tokens and a USD1 stablecoin, plus more than $635 million in royalties from CIC Digital LLC connected to his $TRUMP meme coin, a product he launched three days before his second inauguration while billing himself the \u201ccrypto president.\u201d The combined crypto haul tops $1 billion for 2025 alone. (The coins, it bears noting, have cratered in value since they were sold, leaving buyers holding the bag while the president pocketed the proceeds.)<\/p>\n

Burnett asked Cobb the obvious question: is any of this legal?<\/p>\n

\u201cI don\u2019t believe so,\u201d Cobb replied. \u201cCertainly, I don\u2019t think it was contemplated by the Founders when they created the emoluments clause. I do think that one of the line items, of course, is the commemorative coins, several hundred million dollars of income related to those coins.\u201d He went on: \u201cHow can that be anything other than trading on his image and likeness\u201d in violation of that 1787 clause? The emoluments clause is designed to prevent federal officials from being corrupted, influenced, or enriched by external entities, a concern the Founders took seriously enough to put directly in the Constitution, even if Trump has long maintained the word itself is obscure.<\/a><\/p>\n

Cobb called crypto \u201ca slimy industry\u201d and said Trump\u2019s approach \u2014 \u201cwhere he creates policies that can only enrich himself and his family\u201d \u2014 is \u201csomething that I think the average American should be staggered by.\u201d He added, \u201cYou mentioned the scale, and I think the scale here is just \u2026 it\u2019s intentional. There\u2019s no question.\u201d<\/p>\n

Then came the line that will stick. \u201cI mean, we are seeing the greatest onslaught of corruption in the history of mankind in the last 18 months,\u201d Cobb said. He invoked the $1.8 billion \u201cAnti-Weaponization Fund\u201d that Trump and Todd Blanche tried to extract from the Treasury (something we\u2019ve covered extensively around here<\/a>) as Exhibit A. And he offered a pointed contrast with the corruption allegations Republicans spent years lobbing at Hunter Biden, \u201cWhen you talk about the scale, you\u2019ve got Hunter Biden, who if they traced every dollar that he was accused of ever having, he couldn\u2019t ante in the game that Trump is playing. Trump is playing with billions; they were playing with millions.\u201d<\/p>\n

Cobb\u2019s conclusion, \u201cSo, the grift is on. It\u2019s stunning.\u201d<\/p>\n

Cobb has been calling out the \u201cevil\u201d president and the \u201cneutered\u201d Congress<\/a> for a while now. The former Biglaw partner turned White House attorney turned media critic continues to make increasingly dire pronouncements, and as ever, the people with actual authority to do something about it are nowhere to be found.<\/p>\n

\n

\"\"<\/p>\n

Kathryn Rubino is a Senior Editor at Above the Law, host of\u00a0The Jabot podcast<\/a>, and co-host of\u00a0Thinking Like A Lawyer<\/a>. AtL tipsters are the best, so please connect with her. Feel free to email\u00a0her<\/a>\u00a0with any tips, questions, or comments and follow her on Twitter\u00a0@Kathryn1<\/a>\u00a0or Bluesky\u00a0@Kathryn1<\/a><\/em><\/strong><\/p>\n

The post Former Biglaw Partner Says Trump\u2019s Billion-Dollar Crypto Haul Is \u2018The Greatest Onslaught Of Corruption In The History Of Mankind\u2019<\/a> appeared first on Above the Law<\/a>.<\/p>\n

<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Former Hogan Lovells partner turned White House special counsel (in the Trump I regime) Ty Cobb is back on the cable news circuit to make some biting comments about his former boss. Cobb left the hallowed halls of Biglaw to join the first Trump administration, but he quickly left. Since then, he and his signature […]<\/p>\n","protected":false},"author":3,"featured_media":155694,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-155693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2026\/07\/IMG_5243-1-scaled-e1623338814705-620x568-cMdYlL.jpg?fit=620%2C568&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/155693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=155693"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/155693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/155694"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=155693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=155693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=155693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}