Financial Times: Trump family earns over $1 billion in one year through cryptocurrency business
According to a report by the Financial Times, based on an investigation, US President Donald Trump and his family have earned over $1 billion in pre-tax profits from cryptocurrency businesses in the past year.
The investigation revealed that the Trump family's cryptocurrency empire includes multiple projects such as digital trading cards, meme coins, stablecoins, tokens, and decentralized finance platforms. Among them, the TRUMP and MELANIA meme coins generated approximately $427 million in sales and transaction fee revenue. The World Liberty Financial platform earned $550 million through the sale of WLFI governance tokens, while the USD1 stablecoin achieved sales of $2.71 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IOBC Capital Managing Partner: Crypto investment is entering the era of US dollar fund investment
U.S. September economic data delayed due to government shutdown
FSB warns that inconsistent crypto regulation may trigger contagion risk
Euler plans to launch a synthetic dollar product in the coming weeks
Trending news
MoreCrypto prices
More
