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President Trump reported making at least $434 million in gross income from his properties and business in the second full year of his presidency, according to his 2018 financial disclosure form released by the Office of Government Ethics.

Quick take: Gross income at Trump's D.C. golf club was up $500,000 to about $13.3 million, while his D.C. hotel made about $40.8 million. Trump National Doral Miami resort, the flagship property and biggest moneymaker for the Trump Organization, made $75 million — down from almost $116 million in 2016. Mar-a-lago brought in $22 million, down from $37 million two years ago. Trump also took out a loan from Professional Bank of between $5 million and $25 million to finance a mansion property next door to Mar-a-lago, which was reportedly purchased by his sons Eric and Donald Trump Jr.

Go deeper

Top economic regulators stressed by vacancies

Illustration: Annelise Capossela/Axios

The boom times are all around us (from corporate deal sprees to the breakneck rise of cryptocurrency) — and the agencies in charge are stretched thin trying to police it.

Why it matters: Overwhelmed staff and a slew of vacant posts could set back President Biden's big regulatory agenda.

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.

China deems all cryptocurrency transactions illegal

A person walking past China's central bank in Beijing in August 2007. Photo: Teh Eng Koon/AFP via Getty Images

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

Why it matters: China's government is now following through with its goal of cracking down on unofficial virtual currencies, which it has said are a financial, social and national security risk and a contributor to global warming.