Trump’s crypto empire funds a fortune while investors lose billions
TL;DR Summary
Josh Marcus reports that Trump and his family have built a crypto fortune via World Liberty Financial and related meme coins, including a $636 million windfall, while thousands of ordinary investors have lost billions as token prices collapsed; a foreign Abu Dhabi royal bought a large stake in World Liberty before Trump’s inauguration, and Trump has said he knew little about the crypto fortune, highlighting the clash between political power and crypto gains amid a broader crypto downturn.
- Trump has made a fortune with his crypto empire as other lost out – he called it a ‘scam’ in 2021 The Independent
- Trump invested crypto gains in stocks and bonds, filings show Reuters
- Sen. Kirsten Gillibrand Wants to Save Crypto — But Trump Windfall Is a Political Obstacle The Intercept
- Did Trump get $1.4B illegally or by being great at business? | Letters Milwaukee Journal Sentinel
- Senate Democrats want hearings on Trump’s crypto holdings and foreign investors CNBC
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