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Cryptocurrency News Articles
The Trump family has made substantial investments in the cryptocurrency industry.
Apr 13, 2025 at 11:30 pm
The Trumps' crypto investments span a wide range, including nonfungible tokens (NFTs), a decentralized finance project, a proposed stablecoin, Bitcoin mining, and a couple of meme coins.
The Trump family has made substantial investments in the cryptocurrency industry, spanning nonfungible tokens (NFTs), a decentralized finance project, a proposed stablecoin, Bitcoin mining, and a couple of meme coins.
What Happened: The investments are being overseen by President Donald Trump’s two eldest sons and Allen Weisselberg, the long-serving CFO of Trump’s real estate company. Their collective projects are reportedly approaching $1 billion in paper gains, according to a recent Bloomberg report.
Trump’s stance on the digital asset industry has seen a significant shift since his initial skepticism. He has issued executive orders to position the US as the global crypto hub, appointed industry representatives, and actively promoted his memecoin on Truth Social.
The Trump family’s crypto project, World Liberty Financial, has garnered $550 million in token sales. The family holds 60% of the equity share of World Liberty through their company DT Marks DeFi LLC.
Don't Miss: Despite the Trumps’ active promotion of the project, there have been concerns raised about potential conflicts of interest, considering the administration’s influence over regulations.
Earlier this year, Trump Media & Technology Group Corp. applied to trademark brands for investment products, including a “Truth.Fi Bitcoin Plus ETF.” The company intends to collaborate with Crypto.com to launch the ETF.
World Liberty Financial also disclosed plans to introduce its own dollar-tracking stablecoin named USD1. The Trump family is also planning to launch a Bitcoin mining-venture with Hut 8 Corp.
Why It Matters: The Trump family’s significant foray into the crypto industry marks a major shift in their investment strategy, reflecting the growing acceptance of digital assets among traditional investors.
However, the potential conflicts of interest arising from their influence over regulations could pose challenges to the integrity of the crypto market.
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- Apr 29, 2025 at 09:30 pm
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- Layer 2 Networks Base and Unichain Drive Ethereum Ecosystem to Record 15.4M Active Addresses
- Apr 29, 2025 at 09:15 pm
- The Ethereum ecosystem has recorded its highest-ever number of active addresses, hitting 15.4 million in a single week. The surge is largely driven by activity on Layer 2 chains like Base and Unichain.
