How Trump made more than $1 billion from crypto in just one year
- Donald Trump’s annual financial disclosure reveals he made more than $1 billion from cryptocurrency last year, helping lift his estimated net worth to $6 billion.
- His crypto ventures include the $TRUMP memecoin and World Liberty Financial, which issues the WLFI governance token and USD1 stablecoin, with Trump-affiliated entities holding significant stakes and receiving substantial proceeds.
- The USD1 stablecoin’s success is tied to Binance, which listed it, received a $2 billion investment from an Abu Dhabi state fund paid in USD1, and whose founder was later pardoned by Trump after the SEC dropped its lawsuit.
- Critics accuse Trump of using his public office for personal enrichment, citing concerns about special favors and potential institutionalized corruption related to his crypto dealings.
- Investigations indicate that Trump and his family gained approximately $2.3 billion from their crypto ventures, while over a million investors collectively lost a similar amount.
More bulletins