Trump’s Crypto Empire Surpasses Traditional Wealth
On September 1, the WLFI token hit major exchanges, valuing the Trump family’s holdings at over $5 billion on paper. This move has made crypto the largest part of Trump’s wealth, surpassing real estate adn media.
World Liberty Financial, a Delaware-based entity, gave 30% of WLFI tokens to founders. DT Marks DEFI LLC, a Trump-linked company, received 22.5 billion tokens and 75% of protocol revenues. This setup ensures the Trump family’s dominance in the project.
Trump’s crypto ventures include the TRUMP memecoin, Melania’s MELANIA token, and the USD1 stablecoin. The USD1 stablecoin has a $2.7 billion market cap and was used in a $2 billion Abu Dhabi deal.
However, lawmakers and watchdog groups are concerned about conflicts of interest. They cite pay-for-access events like token-based dinners. Analysts warn that USD1’s sovereign links and favorable regulation could benefit the Trump family’s holdings.
blockchain analysis shows insiders dumped 698 million WLFI tokens on the first trading day, locking in 20x returns. Retail buyers absorbed the losses as the token price fell from $0.46 to $0.24 within hours. This insider activity raised ethical questions.
Sen. Elizabeth Warren and Rep. Maxine Waters sent a letter to the SEC, calling WLFI an “unprecedented conflict of interest.”
Despite the controversy, the Trump family’s crypto ventures continue to grow. The USD1 stablecoin’s integration with sovereign capital introduces new risks. Favorable regulatory decisions could benefit the family’s interests.
Industry voices have criticized the ventures.Anthony Scaramucci, head of SkyBridge Capital, described them as “Idi Amin level corruption.” The Trump meme coin stuff is bad for the industry, he said.
