U.S. President Donald Trump and his family have made about $1.4 billion from cryptocurrency-related projects over the past year. Cryptocurrency accounts for one-fifth of the Trump family’s total assets, Cointelegraph reported on Jan. 20 local time, citing Bloomberg.
Bloomberg valued the Trump family’s total assets at $6.8 billion, similar to a year earlier. Crypto income rose, but a decline in the value of Trump Media & Technology Group offset it.
Crypto income came mainly from World Liberty Financial (WLFI) and an official meme coin for President Trump. The WLFI founder tokens currently held alone amount to $3.8 billion, but they are locked up and were not included in the official asset valuation. WLFI tokens fell to $0.16 from $0.30 in September last year, but still retain significant value, Cointelegraph said.
WLFI is a project in which President Trump's sons Donald Jr. and Eric participated as co-founders. It recently launched the lending platform "World Liberty Market". The USD1 stablecoin introduced by WLFI has grown into a major dollar-pegged token.
Chi-gyu Hwang
delight@d-today.co.kr