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Cryptocurrency News Video
corruption! Trump's money-making scheme #Bottomless hole
May 29, 2025 at 06:14 am Empgjvt
corruption! Trump's money-making scheme #Bottomless hole Recently, the Qatari royal family announced that they would present Trump with a $400 million luxury jet and have it modified into the presidential aircraft "Air Force One". Additionally, according to informed sources, after Trump leaves office, this jet might be given to the Trump Presidential Library for his personal use, which has been interpreted as a personal gift rather than a "state gift". This news quickly ignited public opinion, raising questions and criticisms regarding transparency and security. Democrats also seized the opportunity to accuse Trump of "bribery". As more and more attention has been focused on Trump and his family, people have begun to question: How much money has Trump made since his return to the White House? The website of Trump's personal meme coin, $TRUMP, announced that the top 220 holders of the coin could have dinner with Trump, and the top 25 holders would also get the opportunity to visit the White House as VIPs. This news caused the value of $TRUMP to soar by nearly 60% in a day. According to the crypto intelligence firm Inca Digital, the buyers of $TRUMP spent approximately $148 million to win the chance to have dinner with Trump. Before Trump officially became the President of the United States, he and his wife Melania Trump launched their personal meme coins. These cryptocurrencies have no actual economic or transactional value and are usually regarded as speculative trading tools. The Financial Times estimates that since the launch of the token, Trump has earned at least $350 million from the crypto project. Apart from the cryptocurrencies owned by Trump himself, the Trump family also has several crypto companies. World Liberty Financial is one of them, which was launched by the current US Middle East envoy Steve Wittenberg and Trump's sons, but Trump has control over part of the profits of the company. Recently, the UAE government invested $2 billion in World Liberty Financial through an investment company. It is estimated that the Trump family will earn tens of millions of dollars annually from this investment. The US center-left watchdog organization Accountable.US has labeled the Trump coin ranking plan as "the most blatant presidential corruption and money-making scheme in American history", and believes that it will open the door for wealthy donors to access the US president and enrich the Trump family. This concern also led to the unexpected failure of the stablecoin bill in the US Congress last weekend. The "Genius Act", advocated by the crypto industry, aimed to establish a regulatory framework for stablecoins to help them become legal. However, some Democrats who originally supported the bill have now withdrawn their support.
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