Trump made over $1 billion on crypto ventures last year, financial disclosure shows

https://www.cbsnews.com/news/trump-over-1-billion-on-crypto-ventures-financial-disclosures/


President Trump earned more than a billion dollars from crypto-related ventures alone last year, according to a financial disclosure released Tuesday, including from his meme coin business and his family's cryptocurrency exchange.

Mr. Trump reported $635 million in royalties from a company that issues $TRUMP, a crypto token that he launched three days before taking office for his second term.

The "meme coin" — a type of crypto asset typically used for commemorative purposes or comedic value, not as a currency — reached its peak value of $74.24 within a day of launching. On Tuesday evening, its price was $1.67, according to Coinbase.

The president also reported more than $500 million in income from token sales by World Liberty Financial, a cryptocurrency company backed by the president and his family, and around $65 million from equity sales in the firm that controls World Liberty Financial. Some $196 million in equity sales of Stablecoin Holdco LLC are also listed.

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