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Trump has made more than $1 billion from crypto in a year. How?
The Conversation • • nation
Key Points:
- Former US President Donald Trump, who once called cryptocurrency a “scam,” reportedly earned over $1 billion from crypto ventures last year, according to his annual financial disclosure.
- Trump and his family are involved in three digital assets: the $TRUMP memecoin, the governance token WLFI, and the stablecoin USD1, with significant ownership stakes and revenue streams from these projects.
- The stablecoin USD1, backed by US Treasury bonds, gained substantial investment from Binance and an Abu Dhabi state fund, generating millions in interest income for Trump-affiliated entities.
- Critics accuse Trump of exploiting his public office for personal financial gain amid American economic struggles, while the White House denies any conflict of interest.
- Investigations reveal that Trump’s crypto ventures have profited billions, paralleling losses by many investors, raising concerns about regulatory integrity and unprecedented presidential involvement in crypto markets.
