Trump family’s crypto fortune swells as foreign billions roll In

By: cryptonews|2025/05/04 02:45:01

President Donald Trump and his family are generating billions from cryptocurrency, according to a new report from State Democracy Defenders Action. The nonprofit organization, which claims to be “fighting autocracy,” estimates that nearly 40% of Trump’s net worth now comes from digital assets, totaling around $2.9 billion. That crypto windfall stems from Trump’s personal memecoins, Official Trump (TRUMP) and Melania (MELANIA), and a sizable stake in World Liberty Financial (WLFI), a Trump-affiliated crypto exchange launched in 2024. While the group behind the study describes itself as nonpartisan, it’s led by longtime critics of the president. Still, the numbers are eye-popping. Trump’s crypto portfolio could soon swell even more. World Liberty Financial announced this week that MGX, a firm backed by Abu Dhabi, plans to invest $2 billion into the Trump-linked exchange by purchasing its new stablecoin, USD1. At Token2049 on May 1, World Liberty Financial co-founder Zach Witkoff confirmed that USD1 has been selected as the official stablecoin for MGX’s investment into Binance. Proximity to Trump matters World Liberty’s website reveals just how close the Trumps are to the operation: a family-affiliated entity owns a 60% stake and holds 22.5 billion $WLF tokens. But it’s not solely a family matter. Trump’s White House Crypto Czar, David Sacks, is poised to profit from the USD1 stablecoin’s custodial deal with BitGo — a company in which he still holds a stake. Sacks, per the State Democracy Defenders Action, was allowed to keep his BitGo ownership thanks to a March 5 conflict-of-interest waiver from the White House Counsel. He’s not alone: Trump’s Middle East Envoy, Steven Witkoff, is also listed as a co-founder of WLFI, alongside the president’s two sons, though the details of their financial involvement remain unclear. Also in the mix is Justin Sun, one of the top entrepreneurs in the crypto sector, who first purchased $30 million in $WLFI just weeks after Trump won the 2024 presidential election. That purchase allowed a Trump-affiliated holding company called DT Marks DEFI LLC to receive “75% of the net protocol revenues. ” It’s unclear how much of the MGX deal will benefit Trump, though “a lot” feels like a safe bet. As Trump’s crypto empire expands, so does concern over conflicts of interest. His administration has gradually loosened oversight of the digital asset industry — raising questions about whether crypto cronyism is running rampant. So far, the Trump administration’s U.S. Securities and Exchange Commission has dropped numerous lawsuits and investigations against crypto and blockchain companies, including Dragonchain, Coinbase, Gemini, Uniswa and Ripple. Or to put it another way: the president’s crypto strategy might be less about decentralization and more about consolidation — of wealth, influence, and dinner invitations to Mar-a-Lago.

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

What are the differences between RWA 1.0 and RWA 2.0?

Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week

Overview of Important Market Events on April 27

The most Crypto group of people is becoming the least Crypto

Hong Kong Carnival × Bangkok Money 20/20 Observation Notes

MSTR STRC In-depth Study: The BTC Financing Flywheel Behind the 11.5% Yield

STRC is a well-designed financing tool that transforms fixed income demand into buying pressure for Bitcoin.

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."

The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

Overview of Important Market Events on April 28

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic