Hasty Briefsbeta

Bilingual

Trump has made more than $1B from crypto in a year

a month ago
  • Donald Trump earned over $1 billion from cryptocurrency in the past year, despite previously calling it a 'scam'.
  • Trump's crypto ventures include the $TRUMP memecoin, governance token WLFI, and stablecoin USD1, primarily operated through World Liberty Financial and affiliated companies.
  • The $TRUMP memecoin generated over $600 million, while World Liberty brought in more than $500 million, contributing to Trump's estimated net worth rise from $2.3 billion in 2024 to $6 billion.
  • USD1 stablecoin benefited from Binance's involvement and a $2 billion investment from Abu Dhabi's MGX, creating significant interest-earning reserves and regulatory leniency.
  • Trump's crypto dealings have raised corruption concerns, with critics alleging conflicts of interest and untraceable gifts, while some regulations like the GENIUS Act are seen as positive but risk being undermined.

Related

Loading…