Trump Family Amasses $5 Billion Fortune After Crypto Launch

[BumRushDaShow]

Source: msn/WSJ

12h


The Trump family notched as much as $5 billion in paper wealth on Monday after its flagship crypto venture opened trading of a new digital currency.

The launch is akin to an initial public offering, in which the cryptocurrency, called WLFI, can now be bought and sold on the open market like a listed company’s shares. Beforehand, people who had privately bought WLFI from the Trump venture, World Liberty Financial, hadn’t been able to exchange their tokens.

The trading debut was most likely the biggest financial success for the president’s family since the inauguration. The Trump family, including President Trump himself, holds just under a quarter of all WLFI tokens in existence. Trump’s three sons are co-founders of World Liberty, while it names the president a “Co-Founder Emeritus.”

World Liberty says founders and team members’ tokens remain “locked,” meaning they still can’t sell them. But the trading launch now puts a real-world valuation on their holdings, which previously were valued based on private sales. WLFI is likely now the Trumps’ most valuable asset, exceeding their decades-old property portfolio. While the president’s family has continued to pursue property deals around the world since taking office, the fast-moving crypto business has had the biggest early impact.

Read more: https://www.msn.com/en-us/money/companies/trump-family-amasses-5-billion-fortune-after-crypto-launch/ar-AA1LELX4

[Pachamama]

1. I look forward to the day it's completely devalued and taken away from this crime family

That day is coming

[mdbl]

12. They will dump it before that happens

leaving all the patsies that invested holding the bag.

[Pachamama]

18. Looks like my wish came earlier than I thought

https://share.google/lOi963wei4N5XdJHp



Anonymous?

I just know that someday it will all crash and be gone for the Trump Crime Family

[Irish_Dem]

2. I hope the Trump family is held in total shame and infamy for all time.

[Irish_Dem]

3. I hope the Trump family is held in total shame and infamy for all time.

[EYESORE 9001]

4. It does bear repeating

As I’ve stated before, I look forward to the day when people reflexively spit on the ground whenever they hear the t-rump name mentioned. Should make for some interesting rounds of bridge. Better have spittoons all around the card table.

[muriel_volestrangler]

5. Let's remember - this crypto has no purpose at all apart from directing real money to the Trumps

Yet another cryptocurrency does not aid any market in real things; even if you believe that the concept of crypto will at some day move beyond speculation, fraud and illegal purchases, there's no reason for a Trump-connected one.

I hope the inevitable scandal or crash that renders this "currency" worthless happens before the grifting family can get the real money out.

[twodogsbarking]

6. You almost had it.............

https://www.google.com/search?q=fishing+pole+guy+with+a+dollar&oq=fishing+pole+guy+with+a+dollar&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCjE0NjkzajBqMTWoAgiwAgE&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:58cb8239,vid:ItUECpFi9_s,st:0

[BumRushDaShow]

9. ...

[twodogsbarking]

10. Best crypto description ever.

[Prairie Gates]

7. And I'm the Emperor of Mongolia

[jfz9580m]

8. Yuck

🤮

[angrychair]

11. So he gets richer

Ultimately because of passage of the GENIUS Act.
Why anyone, especially Democrats in the Senate, voted for that BS is a mystery to me.

As far as I can tell Congress only exists to help Mango Mussolini get richer while the rest of us out here become poorer.

[Bengus81]

13. Yeah...ON PAPER. Let's see what they really make.

[Bayard]

14. Report:

President Trump Apparently Violating Emoluments Clause By Taking Millions From Chinese Crypto Billionaire & Prime Minister of Tiny Tax Haven Campaigning For U.S. Recognition

Washington D.C. – A new analysis from government watchdog Accountable.US, first reported by Rolling Stone, finds that President Donald Trump and his billionaire Special Envoy to the Middle East, Steve Witkoff, appear to be in gross violation of the Emoluments Clause through the $75 million in tokens that their joint crypto venture, World Liberty Financial Inc. (WLFI), have taken from Justin Sun — the Chinese crypto billionaire, accused fraudster, and Prime Minister of fledgling micronation Liberland that is currently campaigning for recognition. Worse, Sun has blatantly declared that his crypto money would boost Liberland’s cause with the Trump administration.

https://accountable.us/report-president-trump-apparently-violating-emoluments-clause-by-taking-millions-from-chinese-crypto-billionaire-prime-minister-of-tiny-tax-haven-campaigning-for-u-s-recognition/

Many more articles of this nature.....

[William Seger]

15. It's another "rug pull"

... cash in on the early speculators before it crashes.

[Bengus81]

16. Trump could sell those MAGA morons snow blowers in Hawaii....

[Oeditpus Rex]

17. I still don't understand what 'cryptocurrency' is

Though it seems to work as if someone assigned a monetary value to, say, Pokémon cards that's liable to change at any moment based on how many of them are selling.

More simply put, play money.

How is it such a big deal?