Trump 'meme coin' rakes in millions in crypto profits

On his second day in office, President Donald Trump was asked if he would continue selling products that benefited him personally

President Donald Trump's administration has been accused of being crypto-friendly, and a new report claims that the president's family is making a fortune in cryptocurrency.

The report by NBC News, which cites financial filings and interviews with legal experts and campaign finance watchdogs, claims that Trump and his children are making millions from cryptocurrency ventures.

The report notes that Trump's administration has been rolling back regulations on the cryptocurrency industry and shutting down a Justice Department unit that was targeting cryptocurrency fraud.

The president's son, Eric Trump, is a co-founder of a cryptocurrency firm called World Liberty Financial, which has raised $550 million from selling its own digital currency, $WLFI.

The report says that Trump's family members now have a claim on 75 percent of World Liberty Financial's net revenues from token sales, 60 percent from operations, and an estimated $400 million in transaction fees.

The report also notes that one of the Trump family's crypto ventures is being used by an Abu Dhabi investment firm for a $2 billion investment in cryptocurrency exchange Binance.

The report says that the deal was announced last week by Zach Witkoff, one of Trump's World Liberty Financial co-founders, as part of a broader expansion of the Trump family's crypto empire.

The report says that the initiative is highlighting how the Trump family is seeking to cash in on the booming cryptocurrency market.

The report says that the initiative was announced as part of a broader expansion of the Trump family's crypto empire, which includes a meme coin that is celebrating Trump's survival of an assassination attempt last year.

The report says that the Trump family's crypto ventures are also being probed by Democratic lawmakers, who say that the administration is putting the president's financial interests ahead of the country's.

The report says that the Trump family's crypto ventures are subject to a complaint filed in March by the Campaign Legal Center, a nonpartisan watchdog group, with the Federal Election Commission. The complaint claims that the Trump campaign illegally accepted contributions from foreign nationals in the form of purchases of the meme coin.

The report says that the complaint also alleges that the Trump campaign failed to disclose the true source of the contributions and did not report them in accordance with federal law.

The report says that the complaint was filed after a group of Chinese nationals banded together to purchase a significant amount of the meme coin in an attempt to influence the president, according to several people familiar with the matter.

The report says that the group of Chinese nationals was motivated by a desire to see the U.S. adopt policies favorable to China, and they saw the meme coin as a way to pool their resources and contribute to the Trump campaign in a way that would circumvent federal limits on foreign contributions.

The report says that the group's efforts were successful, and they were able to purchase enough of the meme coin to become some of the top investors.

The report says that the Trump campaign was aware of the foreign nationals' involvement and took steps to cooperate, such as providing contact information and facilitating communication.

The report says that the Trump campaign also benefited financially from the group's activity, as the meme coin's price appreciated significantly during the course of their investing.

The report says that the Trump campaign's actions violate federal campaign finance law, which prohibits foreign nationals from making any contributions or donations to candidates for federal office.

The report says that the law also requires campaigns to disclose the identity of any contributor who makes an aggregate contribution in excess of $200 during a calendar year.

The report says that the Trump campaign's actions are particularly egregious given the president's own statements about the importance of national security and his administration's efforts to combat foreign interference in U.S. elections.

The report says that the administration has repeatedly warned of the threat posed by foreign governments and individuals seeking to influence U.S. policy through illicit campaign contributions or other means.

The report says that the administration has also taken steps to crack down on foreign interference in U.S. elections, such as imposing sanctions on foreign officials and entities who engage in such activity.

The report says that the Trump campaign's actions are a blatant disregard for the law and the norms of American democracy.

The report says that the actions of the Chinese nationals are also concerning, as they highlight the vulnerabilities of the U.S. political system to foreign influence.

The report says that the U.S. must take steps to strengthen its campaign finance laws and better enforce existing regulations to prevent foreign governments and individuals from interfering in U.S. elections.

The report says that the U.S. must also be prepared to impose swift and severe consequences on any foreign national who seeks to intervene in the U.S. political process.