President Donald Trump and his family generate billions from cryptocurrency, according to a new report from the action of defenders of state democracy.
Non -profit organization, which claims to “fight against autocracy”, estimates The fact that almost 40% of Trump’s net value now comes from digital assets, totaling approximately 2.9 billion dollars.
This cryptographic round comes from the same personal solecoins of Trump, the Trump official (Trump) and Melania (Melania), and a considerable stake in World Liberty Financial (WLFI), an exchange of crypto affiliated with Trump was launched in 2024.
While the group behind the study is described as non -partisan, it is led by longtime criticism of the president. However, the figures are breathtaking.
Trump’s crypto portfolio may soon swell even more. World Liberty Financial announced this week that MGX, a company supported by Abu Dhabi, plans to invest $ 2 billion in the exchange linked to Trump by buying its new Stablecoin, USD1.
In Token2049, on May 1, the co -founder of World Liberty Financial, Zach Witkoff, confirmed that the USD1 had been selected as an official stable for MGX’s investment in Binance.
The proximity of Trump Matters
The World Liberty website reveals how close the Trumps are close to the operation: an entity affiliated to the family has a 60% stake and has 22.5 billion WLF tokens.
But it is not only a family affair. The cryptography of Trump’s White House, David Sacks, is about to take advantage of the USD1 stablecoin custody with Bitgo – a company in which he still has a participation.
Sacks, according to the action of the defenders of state democracy, was authorized to keep its Bitgo property thanks to a derogation from the conflict of interest on March 5 from the lawyer for the White House. He is not alone: Trump’s Middle East envoy Steven Witkoff is also listed as a co-founder of WLFI, alongside the president’s two sons, although the details of their financial involvement remain vague.
The mixture is also in the mixture, one of the best entrepreneurs in the cryptography sector, which bought $ 30 million in WLFI $ only a few weeks after Trump won the 2024 presidential election.
This purchase allowed a portfolio company affiliated with Trump called DT Marks DEFI LLC to receive “75% of income from the net protocol”. It is not clear what part of the MGX agreement will benefit Trump, although “a lot” looks like a safe bet.
As Trump’s Crypto Empire develops, the same goes for conflicts of interest. Its administration has gradually loosened the surveillance of the digital asset industry – raising questions about the question of whether the corporate cronyism is widespread.
Until now, the American Securities and Exchange commission of the Trump administration has abandoned numerous proceedings and investigations against crypto and blockchain companies, notably Dragonchain, Coinbase, Gemini, Uniswa and Ripple.
Or to put it differently: the cryptographic strategy of the president could be less a question of decentralization and more consolidation-of wealth, influence and invitations to dinner in Mar-A-Lago.
