The trump family's net assets have increased by 2.9 billion US dollars thanks to cryptoinvestment, according to New Report

According to a new report, President Trump in Crypto Products has increased the assets of his family by billions in the past six months, since his administration continues to relax the regulatory approach of the federal government for the entire digital currency industry.

The group's campaign of the group's group was estimated in a new report that the President's President Crypto Holdings now make up almost 40% of its net assets – or about 2.9 billion US dollars. This increase is partly up His release of the $ Trump and $ Melania Meme coinsIn addition to a great participation World Liberty FinancialA crypto exchange that is connected to the Trump family that was launched in October 2024. The campaign of the state democracy defenders identifies itself as an impartial, but it is supervised by President Trump's frequent critics, with an agenda concentrating on “the autocratic threat of our nation”.

The president's net assets are expected to get another bump, with the announcement of World Liberty Financial this week that a company supported by Abu Dhabi will invest billions from dollars in the cryptofonds associated with Trump. The Emirati company MGX will buy 2 billion US dollars in a StableCoin product offered by World Liberty, the company announced in a statement to CBS. The currency called “USD1” is then used to invest in Binance, one of the world's largest cryptocurrency exchanges.

World Liberty has connections to the president and his sons. The small print on the company's website says that a company that is connected to Mr. Trump and his family members has a 60% participation in the company.

According to the company's public reports, a company from the Trump family also maintains $ 22.5 billion US dollar-WLF token and takes an additional 75% of net sales from future token purchases.

Details of the MGX deal were not published. It is therefore unclear how much the Trump family benefits from this transaction.

In a statement on CBS News, World Liberty said that the deal was the “greatest investment ever in a crypto company” and sets a “historical precedent”. It was not answered on questions how much the Trump family gives the investment.

The White House answered a request for a comment by announcing CBS News that they should “report on something that is actually interested in people”. A spokesman made connections to several technology initiatives of the White House.

When the President's investments in crypto have grown, the Securities and Exchange Commission has investigated a dozen crypto company since its inauguration, according to a CBS news analysis.

“The conclusion is that he benefits from his public office,” said Virginia Canter, chief consultant for ethics and anti -corruption in state democracy. Canter, who co -authorized the new report, was Senior Ethics Counsel for the Ministry of Finance, both among Republican and Democratic Administrations.

“In terms of former presidents in modernity, they all sold their assets or transformed them into what we are calling blind trusts,” said Canter. “President Trump did not do that in his first term, and it seems as if he had doubled in the second term in the second term and he is all in the crypto industry.”

The report is strongly based on previous media reports, including an article by the Fortune magazine, in which the financial disclosures of the Trump family checked and the original estimates of the President's assets were presented.

Crypto companies are not legally obliged to give open who buys and sells to the public on their platforms. So little is known about who invested in the family products invested by Trump.

Canter says that this is more difficult to identify potential conflicts of interest.

“In his first administration we could see who went to the Trump hotels in and out of Trump,” she said.

Trump hopes that we will be the “Krypto capital of the world”

The president, who only described the cryptocurrency as “fraud” in 2021, has since accepted the digital currency and hopes to make the United States a “crypto capital of the world”.

Since his inauguration, Mr. Trump has taken several steps to handle the regulatory environment that many industries say -crippled crypto companies.

He has enacted several executive orders to promote cryptocurrency, including one that tries to promote the growth of digital currencies, and another who proves the financial department to create a strategic cryptocurrency reserve.

Mr. Trump also used his office to forgive the three founders of Cryptocurrency Exchange Bitmex, who are guilty in 2022 not to prevent money laundering on their platform, as can be seen from a report by Reuters.

The value of Mr. Trump's crypto assets is sometimes strangled with its political decisions and social media posts.

The value of $ Trump rose by 18.1%in early March after the president promoted a strategic cryptocurrency reserve, according to the report. A few weeks later, on March 23, the president wrote “I love $ $ Trump – so cool !! The biggest of everyone !!!!” About the truth that led to an increase in the price of the Meme coin from USD $ 12.24.

Regardless of whether the $ Trump coin increases the value or not, the President's business collects trade fees when people buy or sell the coin. A Reuters analysis showed that companies that are under $ Trump behind the coin of the Trump coin have almost 100 million US dollars in less than two trading weeks.

World Liberty Finance: The crypto exchange of the Trump family

Apart from Meme coins, the recent excursion of the Trump family in the cryptocurrency can become the most profitable.

In October, the then candidate Trump helped the start of World Liberty Finance, a decentralized or “Defi” cryptocurrency exchange. On the website that strongly offers the President's image, it offers users the opportunity to shop in the stock exchange with $ Wlfi token.

“Good news, the world Liberty Financial Token is now live. Crypto is the future. Let us accept this incredible technology and lead the world in the digital economy. Go to World Liberty Financial.com,” wrote Mr. Trump in October before the presidential elections on X.

The website says that World Liberty “inspires Donald J. Trump” and Mr. Trump is listed as chief crypto lawyer. His sons Eric, Donald Jr. and Barron are all listed as Web3 ambassadors.

Donald Trump Jr. promoted World Liberty Financial in March at DC Blockchain Conference, where insiders of the crypto industry rubbed their shoulders with members of the congress and the administration.

“I am only very excited about what this can mean for the future of the banking system for the future of financial systems,” said Trump Jr., who joined the World Liberty panel from a distance. The founders Chase Herro, Zak Folkman and Zach Witkoff appeared on the stage to promote the StableCoin offer from World Liberty.

“We want republicans, democrats, whether black, blue, brown, white, use our stable coin,” said Zach Witkoff, the son of Steven Witkoff, the special representative of the White House in the Middle East. “We believe that it is democratized.”

World Liberty says it has raised more than 550 million US dollars from investors who buy the WLF government token. The majority of these investors remain anonymous for the public. For the time being, these $ Wlfi tokens cannot be redeemed, which means that users cannot replace them as soon as they are bought.

World Liberty denied the several inquiries from CBS for an interview.

Justin Sun, the crypto billionaire, who is famous for the purchase and food of a banana canal of $ 6.2 million to the wall, is one of the few publicly known investors from World Liberty.

Sun, who was examined in the Biden administration for securities fraud, said that shortly after the election of Mr. Trump, he invested $ 30 million and at that time in a position on X as the “largest investor” by World Liberty.

Days before Mr. Trump's inauguration, Sun invested a further 45 million US dollars, which he also announced in a post on X. A few weeks later, the Securities and Exchange Commission turned around and asked the judge to give a stay in Sun's case, citing “public interest”. The break in Sun's case was part of a larger advance of the Sec to dismiss cases against crypto companies.

A spokesman for Sun and the Sec rejected a statement.

Last month, Democrats of the Senate Committee for Bank, Housing and City Affairs sent the Senate to the Federal Reserve and the Office of Currency Currency Comparative Conflicts, since the Trump administration takes provisions of companies such as World Liberty Financial.

“President Trump participates in this company when he provides financial supervisory authorities of her independence … an extraordinary conflict of interest that could create unprecedented risks for our financial system,” said the letter, which was signed by five democrats, including the senators Elizabeth Warren, Ron Wyden and Chris van Hollen.

According to World Liberty Financial, 85,000 investors have gone through a standard that knows their customer process to determine the “right to participate”, and the company says that it is an auditing company of third -party providers to check their new company in the stable coins supported by the USA.

As President, Mr. Trump is not subject to the punishment of the interesting conflict. However, he must disclose his assets and income according to ethics in the government law, including his crypto assets. The next deadline for the report on financial disclosure for the President is May 15th.