From NFTs to memecoins – How Donald Trump built a $2.4 billion digital asset fortune
Main Idea
Donald Trump has accumulated an estimated $2.4 billion from cryptocurrency ventures since 2022, which constitutes nearly 44% of his political-era wealth, drawing scrutiny over the intersection of his political profile and crypto dealings.
Key Points
1. Trump's crypto earnings include $14.4 million from NFT collections, $412.5 million from World Liberty Financial token sales, $243 million from UAE-linked crypto partnerships, $13 million from American Bitcoin mining stakes, $1.3 billion from Bitcoin holdings at Trump Media, and $385 million from other ventures.
2. Democratic Senator Adam Schiff introduced the COIN Act to address concerns about Trump's crypto income and potential conflicts of interest, labeling it as 'Trump’s corruption.'
3. Trump's crypto ventures have expanded from branded NFTs to a diverse digital asset portfolio, raising questions about transparency and political influence.
Description
Trump has made a fortune in crypto, but that's not good news.
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