Trump’s Cryptocurrency Empire: wealth and political Concerns
President Donald Trump has declared $57.4 million in income from World Liberty Financial, his cryptocurrency project. This venture, supported by his sons Donald Jr. and Eric, is one of his major revenue streams. The facts comes from a 200-page filing by the U.S. Office of government Ethics.
Trump owns 15.75 billion governance tokens in World Liberty Financial, not through direct investment but via promotional activities. Besides, he holds interests in digital ventures like CIC Digital LLC and CIC Ventures LLC, which reported minimal income.
These details were included in a document Trump certified as truthful and complete. Earlier, he removed David Huitema as the director of the Office of Government Ethics.
Steve Witkoff, Trump’s special envoy, promoted World Liberty Financial, a decentralized finance platform. It raised $1 billion by selling 21 billion tokens. While Trump’s involvement seems legal, it raises conflict-of-interest concerns, especially wiht his executive role.
SEC Chair Paul Atkins has eased regulations, benefiting the crypto industry. Trump hosted a private dinner for top investors in his meme coin, sparking a probe by Rep. Jamie raskin.
Trump Media & technology Group plans to raise $2.5 billion for a “bitcoin treasury” strategy. DRW Investments, controlled by chicago trader Don Wilson, invested $100 million in Trump Media. This move supports the company’s goal to acquire over $2 billion in cryptocurrency.
While trump’s crypto ventures grow, questions about ethics and regulatory favor play in the background.
