theSIGNAL BUSINESS
17 July 2026
"Power is not revealed by striking hard or often, but by striking true."
Business

The Chinese Billionaire Behind Trump's Crypto Billions

A century after Teapot Dome, the scale of presidential financial entanglement has grown by a factor of hundreds — and a banana-eating crypto mogul is at the centre of it.

When Albert Fall accepted roughly $400,000 in bribes as Warren G. Harding's interior secretary in the 1920s, the scandal was considered the worst corruption ever to touch a sitting American president. Adjusted for inflation, that sum amounts to around $6 million today. Donald Trump, by comparison, earned at least $2.

2 billion in a single year — a figure somewhere between 200 and 300 times larger than the bribe that defined "presidential corruption" in the American imagination for a full century. Of that $2.2 billion, at least $1.4 billion is reported to have originated from Trump's cryptocurrency ventures — a remarkable outcome for a president with no prior background in the industry.

A central figure in explaining that number is Justin Sun, a Chinese crypto billionaire born in Qinghai province in north-western China. Sun, who has described himself as "Crypto's billionaire barker," is best known internationally for purchasing an artwork called Comedian — a banana duct-taped to a wall — for more than $6 million, and then eating it. In Washington, however, he is recognised primarily as the man who invested nearly $200 million of his own fortune into Trump's digital asset enterprise, World Liberty Financial. The relationship has since collapsed into litigation.

Sun has accused World Liberty Financial of illegally freezing his assets; World Liberty has countersued him for defamation. The legal battle has drawn fresh scrutiny to the broader architecture of Trump's crypto wealth and to the question of how foreign capital flows into the financial orbit of a sitting United States president. Sun's own platform, the Tron blockchain, has attracted attention for reasons beyond its commercial success.

Photo: Marga Santoso / Unsplash
Cryptocurrency trading screens glow in a darkened office, reflecting the volatile digital-asset market at the heart of the scandal.
💰
$1.4bn
Trump's crypto earnings in a single year
Discuss
  • How does the scale of Trump's crypto earnings compare to historical definitions of presidential corruption?
  • Why might a foreign billionaire choose to invest $200 million in a sitting US president's business venture?
Business

Google Workers Petition Against AI-Era Layoffs

On Thursday, more than 4,500 Alphabet employees signed a petition delivered to CEO Sundar Pichai's California office, demanding severance guarantees and buyout options before any mandatory cuts. The Alphabet Workers Union president, Parul Koul, noted that the company's valuation has quadrupled in six years to roughly $4 trillion — framing the layoffs not as financial necessity, but as a deliberate choice to prioritise profit. Google Cloud quietly reduced headcount two months ago, and last summer the company eliminated over one-third of its small-team managers.…
  • Should a company's record profits obligate it to protect workers from layoffs?
Business

US Hits Brazil With 25% Tariff

One week from now — on July 22 — a 25% US tariff will take effect on most Brazilian goods, marking Washington's first major trade strike since the Supreme Court struck down Trump's original "Liberation Day" regime. The USTR cited Brazil's digital-trade rules and its Pix instant-payment network as unfair to American credit-card firms. Sugar, steel, and clothing face charges; beef, coffee, and aircraft parts were spared.…
  • Does Washington's exemption list reveal more about the tariffs' true purpose than its stated reasons?
—
It was supposed to be like using blockchain technology to send money like you send emails on the internet.
Justin Sun, founder, Tron blockchain
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theSIGNAL IN THE LAB
IVOCABULARY
scrutinydefamation
illicitheadcountframing
lamentablelitigation
IIGRAMMAR FOCUS
Causative have/get — have something done
Use 'have/get + object + past participle' to describe an action arranged or commissioned by the subject but carried out by someone else. For example: 'The company had its accounts audited.'
frozen · audited · delivered · reviewed · investigated · spared · blocked
  1. Sun claims that World Liberty Financial had his assets without legal justification.
  2. The Alphabet Workers Union had their petition directly to Sundar Pichai's California office.
  3. Trump's lawyers are expected to have the defamation lawsuit by a specialist legal team.
  4. Brazil's President Lula has said he will have the tariff decision by international trade bodies.
  5. Google had its management structure before eliminating over one-third of its small-team managers.
  6. Investigators believe several organisations had large sums of money through the Tron blockchain.
IIIPHRASAL VERBS
Match the phrasal verb to its definition. All six appear in today's articles.
  1. drawn to
  2. collapsed into
  3. spared from
  4. taken effect
  5. run a surplus
IVCRITICAL THINKING
Justin Sun's investment in World Liberty Financial has since ended in lawsuits, yet the money had already flowed into Trump's financial orbit. What does this sequence of events suggest about the adequacy of existing laws in preventing foreign influence over a sitting president, and who — if anyone — should bear responsibility for closing that gap?
VCREATIVE · HEADLINES
Write a headline for the top story in each of the following styles. One line each, no explanation:
  • TABLOID NEWSPAPER
  • LUXURY MAGAZINE
  • ACTIVIST BLOG
VIWRITING
Both the Trump crypto story and the Google layoffs involve enormous corporate wealth existing alongside serious harm to individuals — investors in one case, workers in the other. Write a paragraph arguing whether concentrated private wealth in the digital economy requires a fundamentally new regulatory framework, or whether existing rules are simply being inadequately enforced.
VIIDEGREES OF EXTREMITY
Complete each ladder from mild to strong using the words provided. Write one word in each blank.
  • questionable→→
  • concerned→→
  • notable→→
  • reduced→→
  • unhappy→→
  • unusual→→
VIIISPEAKING
  1. Can financial transparency laws ever keep pace with cryptocurrency?
  2. When workers petition executives, how much power do they really hold?
  3. Which matters more in trade disputes: the stated reason or the exemptions?
  4. Should billionaires face stricter limits on political involvement than ordinary citizens?