Trump’s Crypto Holdings Spark Debate on Conflict of Interest
U.S.President Donald Trump’s crypto investments have become a topic of discussion. A recent Bloomberg report suggests that crypto makes up about 9% of his $6.9 billion net worth.
Trump’s crypto ventures are valued at around $620 million. His 60% share in World Liberty Financial (WLFI) is worth approximately $460 million. This company, where his sons Eric and Donald Jr. are active, focuses on digital assets. It even launched its own stablecoin, USD1.
Additionally, Trump’s memecoin, Official Trump (TRUMP), adds another $150 million to his fortune. he promoted this token by offering a private dinner to top holders. This token’s success has significantly boosted his wealth.
Trump’s crypto holdings include a 60% stake in WLFI. This company, where Trump’s sons Eric and Donald Jr. are active, focuses on digital assets. It even launched its own stablecoin, USD1.
Trump’s crypto wealth prompts conflict of interest concerns. Trump and his family’s crypto ventures have drawn critically important criticism from political opponents. Among the most vocal are Rep. Maxine Waters and Senator Elizabeth Warren, who raised concerns about potential conflicts of interest and opportunities for bribery. Waters stated that trump’s stake in WLFI opens the door for foreign entities to buy access to the President. She also criticized the launch of the Trump memecoin, claiming that it lost investors at least $2 billion, while Trump and his family pocketed at least $350 million. Trump’s sons also have stakes in his crypto firms, meaning crypto could account for an even larger share of the Trump business empire. Still,the bulk of Trump’s personal wealth remains in his various real estate holdings and media ventures. Notably,Trump’s stake in Trump Media and Technology,the company that owns Truth Social,is estimated at $2 billion.
