UK Financial Times Investigation: The Trump Family Earns Over $1 Billion a Year Through Cryptocurrency Business

CN
22 hours ago

Written by: Martin

According to a survey report by the Financial Times, U.S. President Donald Trump and his family have earned over $1 billion in pre-tax profits from cryptocurrency ventures in the past year.

The investigation reveals that the Trump family's cryptocurrency empire includes various projects such as digital trading cards, meme coins, stablecoins, tokens, and decentralized finance platforms. Among these, the TRUMP and MELANIA meme coins generated approximately $427 million in sales and trading fee revenue, while the World Liberty Financial platform earned $550 million through the sale of WLFI governance tokens, and the USD1 stablecoin achieved sales of $2.71 billion.

Once dismissive of cryptocurrencies, Trump now leads his family to substantial profits in this field. Just last year, as a cryptocurrency skeptic, Trump publicly criticized Bitcoin as a "scam that affects the value of the dollar." However, in less than a year, the Trump family has realized an astonishing profit of over $1 billion in the cryptocurrency sector.

Behind this wealth transformation is Trump's shift from politician to cryptocurrency promoter, as well as his family's significant foray into the digital age.

Cryptocurrency Strategy: From Skepticism to the Biggest Winner

Trump's attitude towards cryptocurrencies has undergone a 180-degree turn. In 2019, he publicly stated on social media that he "dislikes Bitcoin and other cryptocurrencies," believing they are not currencies and have extreme value volatility.

However, during the 2024 campaign, Trump changed his tune, boldly declaring that he would "make America the global capital of cryptocurrency." After taking office, Trump quickly signed the "Genius Act," establishing a regulatory framework for U.S. digital stablecoins, opening the door for the cryptocurrency industry. He also appointed several cabinet members closely tied to the cryptocurrency sector, such as former PayPal COO David Sacks as the head of cryptocurrency policy.

This shift in policy direction has allowed the Trump family to make significant inroads into the cryptocurrency market. In September 2024, the Trump family launched the cryptocurrency project "World Liberty Financial," which later became a key engine for the family's wealth growth.

Wealth Machine: How the Family's Crypto Enterprises Profit

The Trump family's cryptocurrency earnings primarily come from two channels: World Liberty Financial and American Bitcoin Corp. These two companies, established for less than a year, have brought approximately $1.3 billion in revenue to the family.

World Liberty Financial's performance is particularly noteworthy. On September 1, the company began trading on the open market, with the Trump family as the main shareholders, resulting in a paper wealth increase of about $5 billion. Despite the extreme volatility of cryptocurrency values, the Trump family secured hundreds of millions in real profits through a "special transaction" with the publicly listed company Alt5 Sigma.

Additionally, Eric Trump founded American Bitcoin Corp. in March of this year, aimed at mining virtual assets, which went public on September 3, with a stock value exceeding $500 million at the time of the IPO.

The Trump family has also profited from issuing personal cryptocurrencies. In January of this year, Trump and his wife Melania launched a personal meme coin, which, despite having no actual economic or trading value, generated over $11.4 million in revenue for entities associated with Trump.

As the Trump family's cryptocurrency wealth continues to grow, lobbyists in Washington, D.C. are leveraging this new channel. Cryptocurrency companies donated over $11 million to Trump's inauguration committee during last year's election.

The regulatory boundaries for digital currencies have become blurred. The U.S. Securities and Exchange Commission relaxed regulations on crypto assets during Trump's tenure, likening "meme coins" to collectibles, allowing Trump tokens to evade federal securities law constraints.

In the future, the Trump family plans to launch a joint venture focused on Bitcoin "mining" to further expand its influence in the cryptocurrency market. Looking ahead to the second half of 2025, the combination of the cryptocurrency market and political power will become a new feature of the U.S. financial landscape.

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