Trump Family’s Net worth Grows by $2.9 Billion from Crypto
By: bitcoin ethereum news|2025/05/04 05:30:01
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Trump family’s net worth rises by $2.9 billion through crypto investments. World Liberty Financial secures major investment, boosting Trump family’s wealth. Crypto assets now account for 40% of Trump’s net worth. Although Trump’s acceptance of crypto has huge impact in the digital asset world, it has also raised red flags with ethics specialists and regulators. Virginia Canter, State Democracy Defenders’ chief counsel, pointed out that previous presidents invested assets in blind trusts to keep themselves out of conflict-of-interest situations, something Trump has never done. “He doubled down in his first term,” Canter replied, warning that this publicly funded entanglement with regulation is novel. Further accountability comes as the Trump administration backs away from regulation. CBS News found that the SEC has dropped over a dozen investigations of crypto firms since Trump’s return to the White House. That includes the high-profile case against Justin Sun, who publicly invested multimillion-dollars into World Liberty Financial weeks before the SEC closed its case against him for fraud on grounds of “public interest.” The actual problem isn’t personal profit — it’s systemic danger. Senate Democrats have officially asked whether Trump’s simultaneous roles as president and crypto booster jeopardize financial market stability. “He’s stripping financial regulators of their independence,” warned a letter from Senators Warren, Wyden, and Van Hollen. Critics say World Liberty Financial, which promises “financial freedom,” is still shady. Its tokens are presently non-redemption, and most of its investors are anonymous. It claims 85,000 users have passed KYC verification and is assuring a third-party audit, but information is still limited. Trump’s Big Money in Crypto In contrast, Trump’s language paints a quite different picture. He has pronounced crypto as the future and vows to make America the “crypto capital of the world.” Tweets and executive orders have repeatedly driven market action particularly in \$TRUMP and \$WLF tokens, which directly enrich Trump-affiliated organizations through trading commissions and asset appreciation. Whether Trump’s crypto empire is innovation or impropriety will ultimately be up to transparency and regulation two concepts that are under pressure now. With a $2 billion transaction from an Abu Dhabi company in the works and a May 15 deadline looming for financial reports, watchdogs are bracing for what could be a historic ethics showdown. As institutions and markets respond, one thing is clear: Trump has placed himself not only as a political leader but also as a powerful player in the crypto economy obliterating the distinction between public service and private gain. Highlighted Crypto News Today Ripple’s Legal Chief Urges Clear Crypto Laws as SEC Withdraws Appeal Source: https://thenewscrypto.com/trump-familys-net-worth-grows-by-2-9-billion-from-crypto-investments-report-finds/
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