US President Donald Trump and his family have taken interest in every corner of the crypto industry.
There are non -tonated tokens and digital collectibles; A decentralized finance project; A proposed stabelcoin; An attempt in bitcoin mining; And a pair of Memcoins, for a President and a First Lady Melania Trump.
Together, various projects are publicly coming in paper gains of $ 1 billion even after accounting for the latest round of the trade war-inspired market based on publicly available data.
Donald Trump is already the richest person who has once become an US President, and his non-crypto holdings include significant investment in real estate. After his first election in 2016, Trump’s lawyers created a trust to handle their business matters. It was managed by his two eldest sons and Trump’s Real Estate Company for a long time by Chief Financial Officer Elon Weisselberg.
Eric Trump has emphasized that the family’s crypto investments are “no conflicts”.
“I don’t work with the White House,” Eric Trump said during the Bloomberg TV interview in April. “We have long believed in Crypto.”
The President’s own public conversion in Crypto is still relatively new. Trump called bitcoin as a “scam” recently as 2021, at the time told the Fox business that he did not like the token “because it is another currency competing against the dollar” and should be “very much more” regulated.
Trump’s relationship with the digital asset industry has developed significantly since. As a candidate, he benefited and benefited from Crypto officials and advocates from significant contribution to his reunion campaign.
In his second term, Trump has signed executive orders in support of his promise to make America the Crypto capital of the planet, established David Sachs and Bo Hines to represent the interests of the industry, and continue to postpone its memecoin with positions on the truth social.
Esower Prasad, professor of the trade policy at Cornell University, said, “Trump and his family are eager to establish a wider leg in the region before further regulatory functions, which is likely to promote Cryptosate Valuation.”
Here is how Trump Crypto portfolio has developed.
Nonfung Token: December 2022
Trump became a crypto convert after falling in love with his own digital collectable objects, known as nonfung tokens.
Bill Zanker, a friend of Trump and the founder of the adult-education company The Learning Annex, initially gave him the idea. Since then, Trump Trading Card NFT, which shows them in a variety of pose and outfits (sometimes dressed as a superhero), has spread to four collections.
The President hosted a dinner for fans last year, who bought his NFT, which, according to financial revelations, brought to millions of dollars.
Decentralized Finance: September 2024
The Trump family announced its Crypto Project World Liberty Financial before the US election. Since its establishment, the project has been buying other cryptocurrency worth millions of dollars of cryptocurrency including Ether and Tron, although DEFI services have not been offered as a promised DEFI services like lending crypto without any mediator yet.
A company affiliated to Trump receives 75% net revenue as a fee, which includes the income of token sales, according to the documents offering. The Trump family owns a 60% equity share of World Liberty through its company DT Marx Defi LLC.
The company has raised $ 550 million in token sales after completing the second round last month.
One of the co-founders of World Liberty, Zach Witkoff, is the son of Steve Witchoff, who helped the President’s family to join participants of other World Liberty Financial. After the platform token sales in October, supervisors have questioned their potential conflicts of interests for the Trump family, in view of the rules of administration.
Trump’s sons, Donald Jr., Eric and Baron, all are all listed as “Web 3 Advisor” for World Liberty Financial. The family actively promotes the project through social media and public appearances.
Memcoins: January 2025
A day before Trump’s inauguration, he and his wife, Memcoins, launched their own memecoins, a high speculative corner of Crypto that does not have much internal value of property. After an initial bounce, which probably generated a fee of over $ 11.4 million for the President -linked institutions in January, the prices have given a tank.
The crypto industry was met with mixed response, as many people believed that it hurts push to look more valid. Two Trump -Linked Institutions – CIC Digital and Fight Fight LLC – 80%of the supply, a holding that will be unlocked in three years.
ETFS: February 2025
Trump Media and Technology Group Corp said in early February that it had applied to trademark brands for investment products tracking Trump’s priorities, including “Truth Bitcoin Plus ETF”.
It has been said that it will work with Crypto.com to launch ETFs. A month before Trump’s election victory, the SEC filed a notice that its purpose was to sue the Crypto.com for the operation of an unregistered security exchange. According to the company, it stopped its investigation in March.
StableCoin: 25 March
World Liberty Financial announced a plan to launch its dollar-tracking stablecoin called USD1, which will initially be mined on Etreum and Binance Smart Chain blockchain. According to World Liberty, tokens will be supported by one-to-one by short-term American Treasury, Dollar Deposit and other cash counterparts.
The move came just beyond the Landmark Stabecrim law, which proceeded through the House Financial Services Committee, Crypto companies picked Stabelcoin as a way to make global financial transactions cheaper and faster.
Bitcoin mining: 31 March
The Trump family said that it is a plan to launch a bitcoin mining-centered enterprise, with Hat 8 Corp Bitcoin Minors Trump’s early supporters of Trump’s reunion campaign. In June 2024, the then candidate Trump hosted several mining officers in Mar-e-Lago, telling him that he would be a lawyer for him at the White House.
The bitcoin mining sector in the US has been converted into a multinational dollar industry.
Professor Campbell Harvey of Finance at Duke University said, “Investing in Crypto is no longer as easy as placing bitcoin.” “There are many separate crypto segments. Trump’s lending, a future stabelcoin, other cryptosets and now a mining operation.”
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)