The president and his family have monetized the White House more than any other occupant, normalizing activities that once would have provoked heavy blowback and official investigations. The scale and the scope of the presidential mercantilism has been breathtaking. The Trump family and its business partners have collected $320 million in fees from a new cryptocurrency, brokered overseas real estate deals worth billions of dollars and are opening an exclusive club in Washington called the Executive Branch charging $500,000 apiece to join, all in the past few months alone. And Mr. Trump hosted an exclusive dinner at his Virginia club for 220 investors in the $TRUMP cryptocurrency that he started days before taking office in January. Access was openly sold based on how much money they chipped in — not to a campaign account but to a business that benefits Mr. Trump personally. Yet a mark of how much Mr. Trump has transformed Washington since his return to power is the normalization of moneymaking schemes that once would have generated endless political blowback, televised hearings, official investigations and damage control. The death of outrage in the Trump era, or at least the dearth of outrage, exemplifies how far the president has moved the lines of accepted behavior in Washington. Mr. Trump, the first convicted felon elected president, has erased ethical boundaries and dismantled the instruments of accountability that constrained his predecessors. There will be no official investigations because Mr. Trump has made sure of it. He has fired government inspectors general and ethics watchdogs, installed partisan loyalists to run the Justice Department, F.B.I. and regulatory agencies and dominated a Republican-controlled Congress unwilling to hold hearings. Forbes estimated Mr. Trump’s net worth at $5.1 billion in March, a full $1.2 billion higher than the year before and the highest it has ever been in the magazine’s rankings. One guest at the Trump National Golf Club in Sterling, Va., that night was Justin Sun, a Chinese billionaire who became one of the largest holders of the $TRUMP memecoin after buying more than $40 million, earning him a spot in an even more exclusive private VIP reception with the president before the dinner. The Securities and Exchange Commission in 2023 accused Mr. Sun of fraud, but after Mr. Trump took over the agency put its lawsuit on hold even as it dropped other crypto investigations.
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