All articles tagged with #trump family
World Liberty Trust Company won a conditional OCC charter to operate a crypto bank that will issue the USD1 stablecoin; under the 2025 Genius Act, USD1 deposits cannot earn interest and must be invested in high-quality securities like US Treasuries, with critics arguing its main appeal is to curry favor with the Trump administration while regulators say career staff oversaw the approval.
The BBC has asked a US court to compel testimony from members of the Trump family in a roughly $10 billion defamation suit, marking another step in a high-stakes cross-border legal battle over statements surrounding the Trump name.
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.
Trump family–linked Alt5 Sigma, now AI Financial Corp, touted a World Liberty Financial crypto deal that could yield about $500 million to the family, but the stock has fallen about 93% and faces Nasdaq delisting as WLFI tokens drop in value; the company has cycled through CEOs and auditors amid going-concern concerns and regulatory scrutiny, leaving many investors with steep losses.
Bettina Anderson and Donald Trump Jr. celebrated their marriage on a private Bahamas island after Anderson had hoped for a White House wedding, which sources say the Trump camp deemed inappropriate amid tensions with Iran; the couple had a small island ceremony with fewer than 50 guests, and their Florida marriage was legally registered earlier in the week, with a possible White House celebration to come.
Eric Trump says the family’s assets are invested in broad market indexes, a claim tied to scrutiny of their finances, while Trump’s disclosure lists 3,642 individual trades, highlighting extensive trading activity.
Justin Sun, a top investor in the Trump family’s crypto firm World Liberty Financial, accuses WLFI of centralized governance that allows unilateral account freezes, saying his holdings have been frozen since September. WLFI’s native token has slumped about 74% since August to around 8 cents, while its USD1 stablecoin remains widely traded. The dispute adds to ongoing scrutiny of the Trump-associated crypto ventures and follows prior SEC action against Sun.
Barron Trump is launching a single-flavor, pineapple‑coconut ready‑to‑drink yerba mate called Sollos. The venture is registered near Mar‑a‑Lago and linked to a Trump donor, with critics arguing it fits the Trump family pattern of using political influence for business and calling the one‑product approach a hollow, “pretend” venture.
A golf-club company backed by Donald Trump’s sons is merging with drone maker Powerus to form a company that will go public via Aureus Greenway Holdings. Andrew Fox of Powerus would lead as CEO/chairman, and Dominari Securities will raise about $9m, with the Trump brothers each holding roughly 6% in Dominari. The deal could close by end-2026, but either side can terminate if not completed. The move underscores the Trump family’s expanding investments in drone and defense tech amid broader scrutiny of their business interests.
The Trump family, through World Liberty Financial, launched USD1—a stablecoin pegged to the dollar and pitched as an upgrade to U.S. currency. They argue private-sector innovation can modernize finance and preserve dollar dominance, detailing plans at a Mar-a-Lago event and suggesting the private project could spur structural demand for U.S. debt. The venture frames itself as complementary to the dollar, not a threat, though questions remain about private control of a national monetary instrument.
Binance launched promotions to encourage purchases of World Liberty Financial’s stablecoin, deepening ties with the Trump family as the coin’s circulating supply hits about $5 billion following the pardon of Binance founder Changpeng Zhao.
A UAE-linked investment firm purchased nearly half of the Trump family’s cryptocurrency company, World Liberty Financial, for about $500 million, with Eric Trump signing the deal days before his father’s inauguration. The arrangement ties the Trump business to UAE interests while the president pursues foreign policy with the Middle East, raising concerns about conflicts of interest and propriety.
First lady Melania Trump introduces a film she calls a “creative experience” rather than a documentary, following a reported $40 million deal with Amazon MGM Studios and a $35 million marketing budget. The Kennedy Center premiere highlighted private access to her life around Trump’s White House return, with Trump retaining editorial control, as it heads toward a theatrical release that will test public curiosity about the project and its glamorous presentation.
The Trump family has rapidly accumulated approximately $1.3 billion in crypto wealth through ventures like World Liberty Financial and American Bitcoin Corp., reflecting a significant shift in their wealth sources from traditional properties to digital assets, with their total net worth now estimated at $7.7 billion.
The Trump family's crypto project, World Liberty Financial, faced controversy after its major investor Justin Sun's holdings were frozen, raising concerns about centralization and control in a project that promotes decentralization and community governance.