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Trump Officials' $193 Million Crypto Holdings Prompt Divestments and Ethical Scrutiny
UNITED STATES, JUL 18 – Trump officials and nominees hold at least $193 million in cryptocurrency, highlighting extensive crypto investments tied to the administration, per analysis by The Washington Post.
- One in five of Donald Trump's closest allies hold significant cryptocurrency assets amid his administration's expanding involvement in digital finance.
- This situation developed in the context of Trump's 2024 campaign, with his family owning a majority stake in a coin released last September that entitles them to 75% of earnings.
- Trump's sons pursue overseas development deals while his daughter and son-in-law collaborate with Albania to build a Mediterranean resort, complementing crypto ventures that earned hundreds of millions.
- One cryptocurrency pulled in at least $320 million, another attracted a $2 billion UAE-backed investment, and a third sold over $550 million in tokens highlighting substantial financial inflows.
- These developments suggest growing financial benefits for the Trump family from the crypto industry amid claims of regulatory efforts to maintain U.S. leadership in digital assets.
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Trump is leveraging power of his office as family businesses expand
By BRIAN SLODYSKO and WILL WEISSERT, Associated Press WASHINGTON (AP) — If one theme has emerged in President Donald Trump’s second term, it’s this: He’s leveraged the power of his office for personal gain unlike anyone before in history. From crypto coins to bibles, overseas development deals to an upcoming line of cellphones, Trump family businesses have raked in hundreds of millions of dollars since his election, an unprecedented flood of oft…
·Pennsylvania, United States
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Coverage Details
Total News Sources20
Leaning Left10Leaning Right0Center3Last UpdatedBias Distribution77% Left
Bias Distribution
- 77% of the sources lean Left
77% Left
L 77%
C 23%
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