23h ago
💰 ERIC TRUMP: THE TRUMP FAMILY HAS EARNED OVER 1 BILLION USD FROM CRYPTO
🔹 Eric Trump stated that the family of President Donald Trump has made over 1 billion USD in profits from crypto-related activities.
🔹 The family's crypto empire includes NFTs, meme coins, the company World Liberty Financial, and the American Bitcoin project in collaboration with Hut 8.
🔹 World Liberty Financial, co-founded by all four Trump family members, has generated over 550 million USD from the sale of WLFI tokens, with participation from Justin Sun and Aqua 1 Foundation.
🔹 The Trump family also earns additional income from their NFT collection, official meme coins, and Bitcoin mining activities.
🔹 This massive profit is controversial due to conflicts of interest, especially as Trump just passed the GENIUS Act to legalize stablecoins.
🔹 Some lawmakers, like Elizabeth Warren, criticize the connection between politics and crypto, arguing that Trump is both making laws and profiting from the industry.
🔹 Nevertheless, Trump continues to assert strong support for crypto, viewing it as a pillar for financial innovation in America.
Show original
37.86K
197
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.