Trump made over $1 billion on crypto ventures last year, disclosure shows
Summary
President Donald Trump earned over $1 billion last year from his cryptocurrency ventures, including his meme coin called $TRUMP and a crypto company called World Liberty Financial. These ventures involve tokens and stablecoins, and some of the transactions have drawn public attention and questions about conflicts of interest.Key Facts
- President Trump reported $635 million in royalties from the $TRUMP meme coin, launched shortly before his second term began.
- The $TRUMP coin reached a high price of $74.24 but was worth $1.67 as of Tuesday evening.
- He earned over $500 million from token sales by World Liberty Financial, a crypto company co-founded by Trump, his sons, and two business associates.
- World Liberty Financial also reported about $65 million from selling shares in the company.
- Stablecoin Holdco LLC, connected to these ventures, showed $196 million in equity sales.
- The company offers USD1, a stablecoin meant to keep a steady value of $1, and $WLF tokens, from which it claims 75% of net revenue.
- The Abu Dhabi wealth fund used the USD1 stablecoin in a large investment with Binance, whose co-founder was pardoned by President Trump.
- White House officials denied any conflicts of interest related to these crypto activities.
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