Crypto Might Represent 37% of President Trump’s Wealth
The post Crypto Might Represent 37% of President Trump’s Wealth appeared on BitcoinEthereumNews.com. According to a recent report from the State Democracy Defenders Fund (SDDF), crypto could represent up to 37% of Donald Trump’s wealth. It’s difficult to determine an exact figure from publicly available information, as the study could only make educated guesses on several possible income streams. This includes trading fees on TRUMP and World Liberty Financial’s two tokens. How Much Crypto Does Trump Really Hold? Since President Trump launched his eponymous meme coin shortly before Inauguration Day, it opened an unprecedented new era for cryptocurrency. Former US regulators and crypto luminaries have warned about the danger of political corruption. The SDDF’s report attempts to thoroughly analyze Trump’s substantial crypto holdings. “In just a few short months, President Trump has substantially increased his wealth due to his business’s foray into a series of crypto asset offerings. Reporting suggests these crypto ventures may account for nearly 40% of his wealth,” the SDDF claimed, noting that this number may soon increase. Trump’s crypto holdings come from several sources, primarily the meme coin and World Liberty Financial. It offers the WLFI governance token and the USD1 stablecoin, and most of the company’s revenue allegedly goes to the Trump family. However, determining his exact wealth is difficult for a few reasons. For one thing, the TRUMP meme coin’s price is constantly fluctuating, and it’s unclear how many tokens he actually holds. The US president’s affiliated insiders hold 80% of the meme coin’s supply. How much of that is directly linked to the Trump Family portfolio? Moreover, it pointed out that the public has no idea what percentage of TRUMP trading fees go to the Trump family. The SDDF cites a study claiming that total transaction fees could’ve reached $100 million in January, but the trail has since gone cold. How high is this number in late April?…
The post Crypto Might Represent 37% of President Trump’s Wealth appeared on BitcoinEthereumNews.com.
According to a recent report from the State Democracy Defenders Fund (SDDF), crypto could represent up to 37% of Donald Trump’s wealth. It’s difficult to determine an exact figure from publicly available information, as the study could only make educated guesses on several possible income streams. This includes trading fees on TRUMP and World Liberty Financial’s two tokens. How Much Crypto Does Trump Really Hold? Since President Trump launched his eponymous meme coin shortly before Inauguration Day, it opened an unprecedented new era for cryptocurrency. Former US regulators and crypto luminaries have warned about the danger of political corruption. The SDDF’s report attempts to thoroughly analyze Trump’s substantial crypto holdings. “In just a few short months, President Trump has substantially increased his wealth due to his business’s foray into a series of crypto asset offerings. Reporting suggests these crypto ventures may account for nearly 40% of his wealth,” the SDDF claimed, noting that this number may soon increase. Trump’s crypto holdings come from several sources, primarily the meme coin and World Liberty Financial. It offers the WLFI governance token and the USD1 stablecoin, and most of the company’s revenue allegedly goes to the Trump family. However, determining his exact wealth is difficult for a few reasons. For one thing, the TRUMP meme coin’s price is constantly fluctuating, and it’s unclear how many tokens he actually holds. The US president’s affiliated insiders hold 80% of the meme coin’s supply. How much of that is directly linked to the Trump Family portfolio? Moreover, it pointed out that the public has no idea what percentage of TRUMP trading fees go to the Trump family. The SDDF cites a study claiming that total transaction fees could’ve reached $100 million in January, but the trail has since gone cold. How high is this number in late April?…
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