Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says

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Source: Gizmodo
Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says
Photo: Gizmodo
TL;DR Summary

Reuters’s analysis, cited by Gizmodo/io9, finds the Trump family generated at least $2.3 billion in profit from Trump‑linked crypto since the presidency, while investors lost about $2.3 billion; most profits reportedly came from WLFI, World Liberty Financial’s governance token, with the Trumps taking a 75% cut and holding about 60% of the company, though WLFI says it is not an investment product. The token has fallen from roughly $0.31 to $0.05, and other Trump‑linked assets like the $Trump memecoin are noted. The piece also touches on investor types, legal disputes, and backing from entities such as AI Financial. Overall, it presents a symmetrical but troubling portrait of meme‑crypto where a political family profits while ordinary investors incur losses.

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