Biden rips Trump: ‘billions made’ since returning to White House
Joe Biden ripped Trump at a Maryland Democratic Party gala, saying Trump has made billions since returning to the White House and calling it embarrassing for the country.
Former President Joe Biden took direct aim at President Donald Trump on Saturday night, accusing him of personally enriching himself since returning to the Oval Office. The remarks were delivered at the Maryland Democratic Party’s gala and mark one of Biden’s sharpest public attacks on his successor.
What Biden said
Biden said, “Trump has made billions of dollars since returning to the White House. It’s simply stunning to me. He has no shame, and frankly, it’s embarrassing.”
Speaking at the Maryland Democratic Party’s ‘Fight Back & Win Gala’ in Severn, Maryland on June 27, Biden accused Trump of using the presidency for personal gain and called the administration’s renovation of the Lincoln Memorial Reflecting Pool a symbol of unprecedented corruption.
Biden added, “Making money off the presidency is one of the reasons he wants to be president.”
The corruption framing
Biden told the crowd that the Reflecting Pool reflects something worse than narcissism and incompetence at the core of the administration, calling it brazen and blatant corruption on a scale never seen before in American history.
Biden also used the address to criticize Trump’s handling of international alliances, accusing him of undermining NATO and prioritizing Russian President Vladimir Putin over long-standing US allies.
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The vanity projects in question
Biden ticked through a list of Trump’s D.C. projects, including tearing down the East Wing of the White House to make room for a ballroom, putting his name on the Kennedy Center, building an arch in his own honor, and hiring his own pool guy to fix the reflecting pool, before calling Trump “a loser.”
Earlier this month Republicans removed $1 billion in funding for the ballroom, a concession that allowed for the advancement of a stalled immigration bill in the Senate. In April U.S. District Judge Richard Leon blocked above-ground construction on the project. Trump spent at least $16 million for renovations of the Reflecting Pool only for the near-immediate return of algae to the landmark.
Why traders should care
The corruption narrative around Trump-linked businesses, crypto ventures, and family deals is becoming a recurring Democratic talking point heading into the 2026 midterms. Biden’s remarks came as Democrats seek to energize supporters ahead of the 2026 midterm elections.
Political risk premiums tied to Trump-affiliated tickers and crypto names have moved on these news cycles before. Expect more volatility if congressional Democrats use this framing to push investigations or block funding bills.
Options market and stocks to watch
Watch for headline-driven moves in names with direct or perceived Trump exposure:
DJT: Trump Media remains the most direct political-sentiment proxy. Watch for flow around any escalation of corruption-themed coverage.
COIN and MSTR: Crypto-linked equities can react to Trump family crypto-venture headlines and any political backlash that follows.
SPY and QQQ: Watch broad-market hedging if the political fight spills into budget or appropriations battles tied to White House projects.
For more political and market crossover coverage, see other news.
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