Trump brothers ride crypto wave as father advances legislation
9 days ago
- #Trump family
- #cryptocurrency
- #business
- Donald Trump's stance on cryptocurrencies shifted from calling them a 'scam' to making them a White House priority.
- Eric Trump joined Metaplanet's advisory board and co-founded American Bitcoin, a crypto-mining company.
- Donald Trump Jr. invested in Thumzup, a company aiming to build bitcoin reserves.
- The Trump brothers partnered with ALT5 Sigma, raising $1.5 billion for $WLFI tokens.
- World Liberty Financial (WLFI), backed by Trump, issues the USD1 stablecoin and has ties to Binance.
- Justin Sun, a controversial Chinese businessman, invested $75 million in WLFI.
- WLFI has generated around $4.5 billion since the elections, with a focus on Ethereum.
- Eric Trump publicly endorsed Ethereum, influencing its market value.
- Concerns over conflicts of interest and insider trading due to the Trump family's crypto involvement.