Trump’s crypto windfall: a billion-dollar year from stablecoins and memecoins
TL;DR Summary
The Conversation piece claims Trump earned over $1 billion from crypto last year via three assets tied to World Liberty Financial: the USD1 stablecoin, WLFI governance token, and the $TRUMP memecoin. It explains USD1’s interest-earning model (backed by dollars and Treasury bonds), Binance’s involvement in USD1, a $2 billion UAE fund investment that boosted reserves, and significant profits from the memecoin venture, while noting investigations, regulatory scrutiny, pardons, and concerns about conflicts of interest.
- Trump has made more than $1 billion from crypto in a year. How? The Conversation
- Does Trump Worry About Conflicts of Interest? ‘I Found Out That Nobody Cared.’ The New York Times
- Trump’s wealth grew on a scale without modern presidential precedent The Washington Post
- 'We should all only hope for such great rates of return' Politico
- Trump denies conflict of interest over crypto. And, Vatican excommunicates rebel group NPR
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