🇺🇸 Trump Family’s Crypto Empire Explodes Past $5B — The Ar
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Updated at: 2 hours ago
{"content":"🇺🇸 Trump Family’s Crypto Empire Explodes Past $5B — The Art of the Digital Deal
President Donald Trump's family found crypto gold. The Trump family's net worth increased by almost $5 billion when its main token, World Liberty Financial (WLFI), launched on September 1.
With almost $1 billion exchanged in the first hour, WLFI became one of the top 35 cryptocurrencies.
Trump is identified as “Co-Founder Emeritus,” while his sons Eric Trump and Donald Trump Jr. and son-in-law Jared Kushner own 60% of the enterprise.
The firm uses Trump's political image with phrases like “Inspired by Donald J. Trump” and his photo. WLFI is worth more than the Trump family's real estate enterprise.
Economic imbalance vs. Trump’s billions
However, Americans are battling with inflation throughout the launch. According to the USDA's Food Price Outlook, food prices will climb 3.4% this year, above the two-decade average.
Trump's tariffs have hiked family costs by $2,400 annually. The Trumps are generating billions in digital riches while millions reduce fundamentals.
On X, Senator Patty Murray said people are “paying the highest tariff rate since 1933.”
Critics say Trump's stance as president and crypto entrepreneur mixes public responsibility and private benefit.
World Liberty banking has collaborated with the Pakistan Crypto Council and launched a stablecoin (USD1) and mobile app to better integrate into the banking sector.
However, watchdog organizations worry that the family's massive assets, most of which are “locked” and untradable, are in uncharted legal ground. The administration's pro-crypto initiatives, such as lowering stablecoin regulation, have helped WLFI.
The Trump family's crypto investment is paying off big time. Whether this riches lasts or causes political ramifications is unknown.
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