Tom Stephens

Director / Board Member

[Justin Wolfers @JustinWolfers]

Love what the Australian soccer team says about modern Australia. Seriously, watch this video, and you'll be cheering for them too.

[Mark Kenny @markgkenny.bsky.social @markgkenny]

A well-argued rejoinder to the bilious tide of saint-claiming going on right now. From a business owner/originator who clearly knows what he’s talking about. Bravo

[Peter Girnus 🦅 @gothburz]

I am the Executive Vice President of the Trump Organization. I am visiting China this week in a personal capacity as a supportive son.

Normal people visit their mothers in a personal capacity. Normal people attend funerals in a personal capacity. I do it beside sixteen CEOs, five billionaires worth $870 billion, and a 500-aircraft Boeing order being finalized with Beijing during the trip. Goldman Sachs. Citigroup. Mastercard. Visa. Tim Cook. Larry Fink. Stephen Schwarzman.

In a personal capacity.

I am also the Chief Strategy Officer of American Bitcoin. My qualifications for this role include mowing lawns on my father's golf courses, laying tile at his properties, and serving as a boardroom judge on The Apprentice from 2010 to 2015. I have no documented experience in cryptocurrency, blockchain, or Bitcoin mining. My stake in American Bitcoin alone was worth $548 million by September 2025 — eight months into my father's second term.

We purchased 16,000 Bitmain mining rigs for $314 million. Bitmain is Chinese. Bitmain is headquartered in Beijing. Beijing is where I am visiting in a personal capacity. In March we bought 11,298 more. The terms were "unusual" — hundreds of millions in equipment for "future considerations." I'm not sure what "future considerations" means in this context, especially when your father sets the tariff rate on your supplier's home country. I can tell you it is not a "conflict of interest." It is a "supply chain relationship."

On May 12, the day I boarded this plane, my father announced a trade agreement with China. Tariffs on Chinese goods dropped from 145 percent to 30 percent. That is a 115-point reduction on the country that manufactures my equipment, announced the same day I flew there. I did not know. I did not ask. I did not need to ask.

My family owns 60 percent of World Liberty Financial. We receive 75 percent of every token sold. The New Yorker's running total is $4.2 billion. Politico documented $12.9 billion in trading volume. Let me tell you about our team.

My brother Barron is our "DeFi visionary." He was eighteen years old. His prior experience is being tall.

My brother Don is "Web3 Ambassador." His prior experience is selling condos and shooting elephants.

I handle "strategic planning." My prior experience is tile.

My brother-in-law Jared received $2 billion from the Saudi sovereign wealth fund six months after leaving the White House. The fund's own advisory panel flagged his "lack of private equity experience" and called the due diligence results "unsatisfactory." They gave him the money anyway.

My sister Ivanka received Chinese government approval for 16 trademarks during my father's first term. The categories included handbags, sunglasses, perfume, baby blankets, and voting machines. Voting machines. From China. While her father was president. That is not "corruption." That is "brand diversification."

My father spent four years on Hunter Biden. Four years. The charge: Hunter sat on the board of Burisma for $83,000 a month with no energy experience. My father called it the greatest corruption in American political history. He withheld $391 million in military aid to Ukraine to pressure an investigation. He was impeached for it. He did it again. A special counsel was appointed. Total cost to taxpayers: millions. Total Hunter earnings: $11 million over five years.

Let me do the math my father never did.

Hunter Biden made $6,027 per day. My family makes $8.75 million per day. That is 1,451 times Hunter's rate. We earn his entire five-year scandal every thirty hours.

Hunter had no energy experience. I have no crypto experience. Hunter sat on one board. I run the operation. Hunter met one banker for a coffee. I sit on Air Force One beside $870 billion negotiating with the country that manufactures my equipment.

But here is the part that makes me proud.

We launched a cryptocurrency in my father's name. It peaked at $73. It trades today at $2.43. Retail investors lost 95 percent of their money. We collected $400 million in transaction fees regardless of price. We hosted a dinner — the top 220 holders gained entry by holding enough of my father's coin. The top 29 received a champagne toast with the President of the United States. Price of admission: approximately $3.28 million in tokens. A public school teacher earns $3.28 million in 47 years. We call that "community engagement." Not "selling access." Access is what Hunter Biden sold for a cup of coffee.

Three days before I boarded this plane to Beijing, our team moved $12 million in memecoin assets to custody platforms. Routine. Unrelated. Everything is unrelated to everything.

In a personal capacity.

On January 24, 2025 — four days after the inauguration — my father fired seventeen inspectors general in a single night. Without explanation. Without notice to Congress. Seventeen. The people whose job is to look. He removed them all at once and no one replaced them. There is no inspector general for a son's "personal capacity." There is no disclosure form for love. There is no ethics office for a champagne toast priced at $3.28 million. He didn't bend the guardrails. He fired the people who hold them.

He built that. I fly in on it. $4.2 billion at cruising altitude. Every thirty hours, another Hunter Biden.

Hunter Biden got a special counsel for a cup of coffee and a board seat that paid less per month than one champagne toast with my father costs per million.

I am the Executive Vice President of the Trump Organization. I am the Chief Strategy Officer of American Bitcoin. I am the Web3 strategic planner at World Liberty Financial. I am visiting the country that manufactures my mining rigs, approved my sister's trademarks, and funds my brother-in-law's private equity firm, on a plane beside $870 billion and a president who spent four years calling $11 million treason.

In a personal capacity. As a supportive son.

[The Other 98% @TheOther_9]

Rep. Thomas Massie says Trump called him on the House floor after he pushed to release the Epstein files.

Trump told him three times: "I'm coming at you like you've never seen in your life."

This video was deleted from twitter yesterday, you know what to do ‼️‼️

[Justin Wolfers @JustinWolfers]

I'm worried: The U.S. is less oil-dependent than our peers, and so Wall Street has responded far less to the war in Iran than financial markets abroad. When the country calling the shots feels only a small share of the pain, that's a dangerous asymmetry.
https://t.co/1Hjr8rRxbl

[Justin Wolfers @JustinWolfers]

"If we can't measure problems, we can't see problems. If we can't see problems, there's no room for the government to get involved."

[Nancy Pelosi @SpeakerPelosi]

America is in a crisis of conscience.

We have a President who has crowned himself king, a Congress which has abolished itself and a Supreme Court that has gone rogue.

Our First Amendment, a free and independent press, is essential to the survival of our Republic.

[MarshFamilySongs @MarshSongs]

We hope the good people of #SanFrancisco will forgive us for adapting a song about their city in 1967 to address the shocking and tragic events in #Minnesota in recent weeks. This is dedicated to Renée Good and Alex Pretti, and in solidarity. Our version is called "Minnesota" ❤️

[Tom Stephens @Djabada]

@JustinWolfers 2.7% USA inflation rate seems easily verifiable. “The US inflation rate for last month, November 2025 (the most recent full month relative to December 21, 2025), was 2.7% over the prior 12 months.[tradingeconomics +1]”

[Tom Stephens @Djabada]

https://t.co/4TeWYiaS1Z

[Tom Stephens @Djabada]

This quote from Leonard Bernstein comes to mind for our 4pm UWACS concert on this our nation’s “day of reflection”: “This will be our reply to violence: to make music more intensely, more beautifully, more devotedly than ever before.”

[Tom Stephens @Djabada]

….and then passes out in the street, which is captured on video, and now quits the party that's sponsored her into parliament?”

[Tom Stephens @Djabada]

From Annabelle Crabb: “Can you imagine a female politician surviving a story arc in which she commences a relationship with a staff member and leaves her husband who has raised their kids and fibs about it to colleagues and then blows up her government with her resignation….

[Justin Wolfers @JustinWolfers]

"The overwhelming sense I got from watching the president was just trying to count the number of lies, and I ran out of fingers and toes. He lied and said that prices are coming down. He lied when he said prices were at an all-time high under Biden. They're at an all-time high right now."

[Justin Wolfers @JustinWolfers]

I was just in Australia giving the Boyer Lecture. It's an economist's love letter to his home country. It's also relevant to the current American moment, as the main point is to link institutions with prosperity.

Watch it here: https://t.co/aqdJdjQPIs

[Justin Wolfers @JustinWolfers]

If you're in Australia, my Boyer lecture will be on ABC in about 20 minutes. I'll wave to you from inside your TV.

[Tom Stephens @Djabada]

@JustinWolfers Justin’s 2025 Boyer lecture is an outstanding contribution to political discourse. Awe inspiring analysis of what makes for a functioning democracy. Justin helps us look at this precious gift. Our nation was created in the battles that secured these ideas.

[Occupy Democrats @OccupyDemocrats]

BREAKING: Legendary superstar Ariana Grande ignites a war with Donald Trump by blasting MAGA world and asking them if their lives have "gotten better" as grocery prices skyrocket and "widespread suffering" unfolds.

She was just getting warmed up — and the White House quickly hit back...

“I want to check in with trump voters. I have one very genuine question: it’s been 250 days. now that immigrants have been violently torn from their families and communities have been destroyed, now that trans people have been blamed for virtually everything and live in fear, now that free speech is on the brink of collapse for us all — has your life gotten better?” read the message reshared to the singer's 373 million followers on Instagram. The message was originally written by podcaster Matt Bernstein.

“Have your groceries gotten cheaper?" the post continued. "Has your health insurance premium gone down? Has your work/life balance improved? Can you take a vacation yet? Are you happier? Has the widespread suffering of others paid off for you in the way he promised it would, or are you still waiting?”

The answer to the question, of course, is a resounding "no." Trump voters were gullible enough to believe that they were voting for a new "Golden Age." Instead, they've been dragged into a MAGA Dark Age as Trump's tariffs destroy the global economy and skyrocket inflation while his "big, beautiful bill" slashes $1 trillion from Medicaid and funnels even more wealth to the super-rich.

Grande has criticized Trump in the past. In June, she shared a photo of a sign that read: “Could someone explain which crimes get you deported and which ones get you elected President? It’s so confusing.”

This time, the celebrity-obsessed Trump administration decided to hit back with a message that made reference to some of Grande's biggest hits.

“Save your tears, Ariana. Because President Trump’s actions ended Joe Biden’s inflation crisis and are bringing in trillions in new investment,” White House Deputy Press Secretary Kush Desai said in a statement to Entertainment Weekly. “He even signed an executive order just like magic that paved the way for the FTC to crack down on Ticketmaster for ripping off Ariana Grande’s concert-going fans. Get well soon, Ariana!”

Notably, Desai didn't address the meat of Grande's post for the simple reason that she can't. Grocery prices are skyrocketing, health insurance is out of control, and people are struggling to survive more than ever. A few tweaks to Ticketmaster won't change that.

Please retweet and ❤️ to thank Ariana Grande for speaking the truth!

[Harry Sisson @harryjsisson]

This video from Senator Bernie Sanders on the murder of Charlie Kirk is fantastic. Certainly worth a watch.

[Tom Stephens @Djabada]

https://t.co/3YlmYmnuz8 - This Sunday 3rd Aug @ Basilica 2.30pm