Donald Trump’s former White House lawyer Ty Cobb accused the president of squeezing an historic amount of “corruption” into just 18 months.
Trump’s staggering personal fortune got a public airing this week when the U.S. Office of Government Ethics released a 927-page financial disclosure revealing just how lucrative his second presidency has proved.
The document shows Trump raked in at least $2.2 billion in 2025 alone—from cryptocurrency, real estate, legal settlements, and an array of other income streams.
More than $1 billion of that came from crypto, including profits from World Liberty Financial, the venture he founded with his sons, Donald Trump Jr. and Eric Trump, that sells “governance tokens,” and the $TRUMP meme coin he launched three days before his inauguration.
This, Cobb surmised, amounts to an “onslaught of corruption.”
“I don’t think it was contemplated by the founders when they created the Emoluments Clauses,” he said on CNN’s Erin Burnett OutFront on Monday, referencing the provisions in the Constitution designed to prevent corruption.
He said crypto is a “slimy industry,” and added that the way Trump is “going around it, where he creates policies that can only enrich himself and his family, is something that I think the average American should be staggered by.”
Getting straight to the point, Cobb, who served as a White House lawyer during Trump’s first term, said, “There’s no question. I mean, we are seeing the greatest onslaught of corruption in the history of mankind in the last 18 months.”
He said Trump, whose fortune Forbes estimates at $6 billion, has a daily “devotion” to accumulating wealth and power and added that the “grift” is at a “stunning” scale.
Cobb left the first Trump administration in 2018 after managing the White House’s internal legal team on matters related to Robert Mueller’s special counsel investigation into Russian election interference in 2016.
In response to Cobb’s comments, White House Spokesperson Anna Kelly told the Daily Beast: “This is the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade.
“President Trump only acts in the best interests of the American public—which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media. There are no conflicts of interest.”
In a previous statement, shared on Tuesday, Kelly said: “Neither the president nor his family has ever engaged—or will ever engage—in conflicts of interest.
“President Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act, and other commonsense policies to drive innovation and economic opportunity for all Americans. All actions by President Trump and his administration are taken in the best interest of the American people—and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”
