Trump’s second term fuels a $1B crypto fortune for his family: Report
The Trump family’s crypto ventures have generated over $1 billion in profit, led by World Liberty Financial and memecoins including TRUMP and MELANIA.
US President Donald Trump’s second term in office has coincided with an extraordinary increase in his personal wealth, much of it linked to a sprawling cryptocurrency empire built by the president and his family.
According to a Financial Times investigation, Trump’s crypto ventures have generated more than $1 billion in pre-tax profit over the past year. Trump’s son, Eric, confirmed to the outlet that the family’s actual profits were “probably more.”
At the center of this new fortune is World Liberty Financial, a crypto company founded by Trump’s sons and allies, which has sold billions of dollars in tokens and stablecoins. The project, whose website identifies President Donald Trump as “co-founder emeritus,” launched last year with plans for a crypto-lending app.
Source: Cointelegraph →Related News
- 15 minutes ago
Bitcoin options markets highlight mounting fears as traders brace for more pain...
- 49 minutes ago
Tether seeks Juventis footprint with nomination of executive to club’s board
- 2 hours ago
Ripple buys corporate treasury management company GTreasury for $1B
- 2 hours ago
Crypto execs fork over cash at Trump’s ballroom fundraiser: Report
- 2 hours ago
Andreessen Horowitz’s a16z Crypto invests $50M in Solana liquid staking protoco...