At the Campaign Train last year, then the candidate Donald Trump promised the encryption industry that he would become the first president to embrace Blockchain technology. At that time, he did not reveal that he also intended to make encryption the cornerstone of his growing commercial empire.
On Friday, the White House released the first Trump Financial disclosure report As a president, new details reveal Web of Business VenturesIncluding their golf courses, care deals, and the audience’s media group. It is worth noting that the report also submitted a window on the Trump encryption platform, Liberty Financial, whose children announced last summer.
According to the disclosures, Trump received more than $ 57 million of symbolic sales on the platform and holds nearly 16 billion of the distinctive symbols of governance – the encryption version of voting shares – launched by World Liberty. Based on the previous sales of those symbols for accredited investors, which are estimated at between 1.5 and five cents, Trump’s property may be approximately one billion dollars, although the distinctive symbol is not currently circulating. Bloomberg recently estimated His total net wealth is about $ 5.4 billion.
As a government control authority Argue Trump projects in the encryption industry are a conflict of interests with Congress Discussion Blockchain organization, the new report introduces the first great look at the increasing intertwining of the president with digital assets.
The first chief encrypted
Before his third half of the presidency, Trump expressed his doubts about encryption, describing Bitcoin as a “fraud” just a few years ago. But he increased the Blockchain industry on the campaign track last year like companies like Coinbase Ripple poured tens of millions of dollars in donations – a reaction to the Biden administration campaign against the sector.
Trump not only promoted technology in industry events, including a Bitcoin The conference last summer, but also began exploring its own space projects. Trump was previously Firing A series of NFTS, but the latest projects are a complete transition to encryption work, primarily through the World Liberty Financial.
The platform, which his son Eric announced for the first time last August, promised a “new era of funding”, although its accurate job is still unknown. In the following months, World Liberty launched a series of products. This included the code of governance, in addition to the dollar stablecoin user To invest two billion dollars in the prominent Binance in May.
While the exact structure of the ownership of global freedom, in addition to Trump’s potential profit from the distinctive symbol sales, has remained largely transparent, the financial disclosure report provides the first details about the president’s profit, including the distinctive code sales of $ 57 million. World Liberty WLFI offered to accredited investors, including Chinese businessman Justin Sun, who previously faced charges from the Securities and Stock Exchange Committee that was dropped after Trump took office.
The report does not include details of the other major Trump project – which is also called Trump, which is what Firing The weekend before installing it. While Trump’s value from Trump has decreased since its release, as it decreased from the 9 billion dollar market value in January to about two billion dollars today, it has been a source of potential profits – and the controversy – for Trump, whose organization is likely to have about 80 % of the total offer. Trump hd dinner For the best Memecoin holders in May, Drawing criticism From legislators across the corridor to the pressure groups in the industry.
Trump continues to enhance the priorities of the encryption industry, including legislation in Congress that creates a organization for Stablecoins and the distinctive code. But even as real estate dominates his property, the financial disclosure report shows on Friday the increasing importance of encryption of his commercial empire.
This story was originally shown on Fortune.com
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