The Trump family has only become the richest $ 5 billion (on paper) thanks to the latest encryption project.
The new TROMPS digital currencies started trading on Monday with about one billion dollars of changing symbols within an hour. Despite the distinctive symbol fall On the first day of trading, the family gained up to $ 5 billion of virtual wealth after the first time, Wall Street Journal He said in a report.
The launch was a kind of encrypted version of the initial public offering: The first investors who bought the distinctive symbol of World Financial from Trump were unable to sell any of them until Monday, when they got this in high installments. The distinctive symbol is now available in major exchanges like Binance and Coinbase.
The Trump family and the symbols of other founders are still in insurance, but now after the digital currency is circulated, symbolic property has a real assessment. WSJ stated that the Trump family, including the president, maintains a few of all the distinctive symbols of WLFI.
Through its current evaluation, WLFI is the most valuable Trump family assets, according to WSJ, more than the real estate portfolio that the family was already known.
But Crypto is volatile and vulnerable to accidents, and the value of the symbols can turn at any time.
On Monday’s news was the latest in a series of major victory by the President and his family Addresses Last year. At the same time, over the past seven months, Trump has supervised a deviation in the cryptocurrency industry that helped him in his position, while all administration officials cast concerns about this ethics and legitimacy of conflict of interests.
Trump’s increasing Empire
Trump’s three sons, Donald Junior, Eric, and Parun are included as the world’s co -founders, Liberty Financial, who launched the WLFI symbol. Trump was listed as “co -founder.”
Trump family Firing The encryption project approximately a year ago, in the midst of the Trump presidential presidential campaign.
Tremps encrypted company also struck A huge deal Last month, to sell up to $ 1.5 billion of WLFI’s distinctive symbols for Fintech, which is publicly traded called Alt5 Sigma, and to install Eric Trump as a member of the Fintech Board. The deal also witnessed Zach Whitkov, co -founder of World Liberty and Trump Steve Whitkov, a new president of Alt5 Sigma.
The family and relevant entities also benefited from $ TrumpAnd Trump -backed memecoin witnessed its fair share of high -value highlands worth $ 14.7 billion immediately before the opening, and its fair share of its lowest levels with a collapse of $ 2 billion in July, which surrendered more than 12 billion dollars in the market value.
Investors in this MININ were invited to a private dinner with the president at the Golf Club in Virginia in May, where senior investors are invited to a separate reception with Trump.
Trump’s sons Eric and Donald Junior also launched American Bitcoin earlier this year, which is called Eric Uhud.Bitcoin mining on the ground“This company plans for the brand to the public soon through a combination of the digital grayphon mining on the Nasdaq Stock Exchange.
How is this the legal?
According to June 2025 moral detectionTrump received $ 57.4 million from his ownership of the symbols linked to World Liberty Financial last year.
Also, he is not the only high -level person in his management with a firm interest in the future of the cryptocurrency: Trump’s Vice President JD Vance said at the Checks Conference in May “holds it.”A good amount of bitcoin“Before adding that he was” eliminating the rules, red tape, and simulation that we saw aimed at encryption “by previous administrations.
Under the Trump administration, SEC previously turned into one Publicly embraces cryptocurrency. some Enforcement procedures Against encryption companies such as Coinbase, Crypto.com and Kaken were dropped. Trump himself led and signed the law legislation Stablecoins introduction Just two months after the world’s financial freedom First Stablecoin Stablecoin USD1.
White House press secretary Caroline Levitt Anyone claiming that Trump’s encryption deals have been a conflict of interests. But it is difficult to deny that Trump and his family have already benefited greatly from the administration’s regulatory batch to give legitimacy to the cryptocurrency in the prevailing financial system, and now they have another $ 5 billion (on paper) to show it.
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