Trump’s crypto empire: billions earned, billions lost for investors
TL;DR Summary
The Independent reports that Donald Trump and his family profited massively from crypto ventures—most notably World Liberty Financial and related meme tokens—while hundreds of thousands of ordinary investors lost billions; two-thirds of Trump meme-coin buyers were in the red, with some tokens plummeting up to 97% from their peak. The UAE royal investor and other elites backed World Liberty, raising questions about conflicts of interest as Trump’s fortunes in crypto soared during a broader downturn in the sector, which he has said he knew little about.
- Master of coin: Trump made a fortune on his crypto business — thousands of investors lost their shirts The Independent
- Did Trump get $1.4B illegally or by being great at business? | Letters Milwaukee Journal Sentinel
- Top Democrats bash Trump over cryptocurrency income The Hill
- Fact Check Team: How much money can a president legally make while in office? KATU
- Senate Democrats want hearings on Trump’s crypto holdings and foreign investors CNBC
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