Trump family business earns over $1B from crypto ventures
Companies associated with Donald Trump have earned more than $1 billion from cryptocurrency ventures, as his business network evolved into what has been described as “a money-printing crypto machine.”
The windfall stems from three main ventures — the TRUMP meme token, the World Liberty Financial (WLFI) project, including its USD1 stablecoin, and a series of NFT collections promoted under Trump’s brand, according to an investigation by the Financial Times.
The FT estimates that Trump’s crypto-linked profits exceed $1 billion, with the TRUMP token generating roughly $400 million and WLFI contributing over $550 million. His digital asset holdings surged after his return to the White House, as his administration filled key regulatory posts with crypto industry allies and softened the stance of the Securities and Exchange Commission (SEC) toward digital assets. Among the most notable changes was a decision allowing cryptocurrencies in pension funds, a move widely welcomed by the industry but criticized by ethics watchdogs as self-serving.
Allegations of conflicts of interest
The investigation raises concerns over potential conflicts of interest, noting that some investors in Trump’s crypto initiatives include major financial funds and individuals previously linked to regulatory or legal probes. Critics argue that Trump’s dual role as policymaker and crypto entrepreneur could blur the line between public office and private gain.
Despite his vast crypto earnings, many of Trump’s supporters remain unaware of the scale of his financial gains. Surveys cited by the FT show that roughly half of his voters believe he made under $100 million during his political career — far below what the report describes as the fortune of “Washington’s new crypto magnate.”
A new chapter in political finance
Analysts suggest that Trump’s unprecedented success in monetizing digital assets could reshape how political figures engage with the crypto industry. As his influence expands, questions over transparency, regulation, and conflicts of interest are likely to intensify in Washington and beyond.
Global markets tumbled after Trump canceled a meeting with Xi Jinping and announced a 100% tariff on Chinese goods starting November 1. The move sent U.S. stocks sharply lower and triggered a 13% crypto market crash, with Bitcoin briefly plunging to $104,700 and altcoins losing up to 30% in value.
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