President Trump pardoned Binance founder Changpeng Zhao after his guilty plea for failing to implement proper anti-money laundering measures, which led to Binance paying over $4 billion in fines. Zhao's ties to Trump’s family crypto venture, World Liberty Financial, include code contributions and financial interests, raising concerns about potential conflicts of interest. This pardon is part of a broader trend of Trump pardoning prominent crypto figures.
Donald Trump’s net worth surged by $3 billion in a year to $7.3 billion, largely driven by his involvement in cryptocurrency ventures, including a memecoin and tokens from World Liberty Financial, alongside strategic real estate and business deals, making this his most lucrative year ever.
The Trump family has rapidly accumulated approximately $1.3 billion in crypto wealth through ventures like World Liberty Financial and American Bitcoin Corp., reflecting a significant shift in their wealth sources from traditional properties to digital assets, with their total net worth now estimated at $7.7 billion.
The Trump family's crypto project, World Liberty Financial, faced controversy after its major investor Justin Sun's holdings were frozen, raising concerns about centralization and control in a project that promotes decentralization and community governance.
Justin Sun, a major crypto investor, publicly criticized World Liberty Financial after his coins were frozen, amid ongoing tensions and market turmoil involving the company's cryptocurrency, $WLFI, which recently experienced a significant price drop. The dispute highlights concerns over the company's practices and the broader crypto regulatory environment, casting a shadow over the Trump family's crypto ventures.
Justin Sun, a major backer of the crypto venture World Liberty Financial, announced that his $WLFI tokens have been frozen without explanation, raising concerns about the security and transparency of the project amid ongoing SEC investigations into Sun.
World Liberty Financial has burned 47 million WLFI tokens in an effort to reduce supply and boost the declining token price, which has fallen over 31% since launch. The burn is part of a proposed buyback and burn program aimed at increasing scarcity and long-term ownership, amid ongoing market skepticism about crypto hype and institutional adoption. The launch has also caused Ethereum gas fees to spike, highlighting ongoing ecosystem challenges.
The Trump family owns a significant stake in the crypto firm World Liberty Financial, with holdings valued at around $5 billion, making crypto a major part of Trump's fortune. The firm’s token WLFI has experienced volatile trading, and the Trump family benefits financially from its sales. The involvement has raised concerns about conflicts of interest, though the administration denies any wrongdoing. Regulatory scrutiny remains a key issue in the evolving crypto landscape.
The Trump family profits approximately $5 billion from their holdings in the new crypto token $WLFI of World Liberty Financial, which they helped launch. The token's value fluctuated around 23 cents, with a peak of 40 cents, and the family's stake is currently locked and on paper. The venture was launched during Trump's presidential campaign, with the family holding a majority stake, and Trump previously serving as a key advocate for the project.
World Liberty Financial proposes using 100% of protocol fees to buy back and burn WLFI tokens to reduce supply and support the token's value, amid a 30% decline after launch and a large token unlock increasing circulating supply and holdings. The initiative aims to strengthen long-term holder confidence, but uncertainties remain about fee amounts and contingency plans.
ALT5 Sigma, a publicly traded tech firm with ties to the Trump family, plans to raise $1.5 billion by selling shares to fund the purchase of a cryptocurrency created by World Liberty Financial, marking a significant expansion of the Trumps' involvement in the crypto industry amid broader industry trends.
ALT5 Sigma Corporation announced a $1.5 billion registered direct offering and private placement, involving the purchase of $WLFI tokens from World Liberty Financial, to fund its treasury strategy, acquisitions, and operations, with notable leadership changes including Zach Witkoff and Eric Trump joining its board.
A mysterious entity called Aqua 1 Foundation from the UAE has purchased $100 million worth of crypto tokens from Trump’s World Liberty Financial, making it the largest known investor, though little is known about its origins or founders. The Trump family has earned around $500 million from the platform, with most of the token buyers remaining anonymous.
Donald Trump's net worth has seen a significant boost of at least $620 million due to his family's involvement in various crypto ventures, including tokens, stablecoins, and projects like World Liberty Financial and Trump memecoin, alongside traditional assets like real estate and media.
