The currency, known as WLFI, is owned by World Liberty Financial, a company founded by the president’s sons, Donald Trump, Jr., and Eric Trump. A Trump business entity owns 60% of the company and is entitled to 75% of the revenue from coin sales.
Crypto is now the dominant source of Trump’s wealth. As an investigation by the anti-corruption group Accountable.US found last month, “President Trump’s net worth could roughly be $15.9 billion, with about $11.6 billion in uncounted crypto assets,” meaning that the digital currencies now make up 73% of his total net worth.
In addition to the tokens owned by World Liberty Financial, it found that two Trump-affiliated companies owned 80% of the $TRUMP meme coin as of May and had collected over $324 million in fees since Trump took office in January.
Meanwhile, Trump Media, which owns his online platform Truth Social, bought $2 billion worth of Bitcoin in July and reserved another $300 million in Bitcoin options.
Trump should’ve been impeached on Inauguration Day for violating the Emoluments Clause.
Inauguration Day 2017, let alone 2025!
Remember when Carter sold his peanut farm to avoid any possibility of a conflict of interest.
