The Trump family goes to the CRYPTO projects, from excavation Bitcoin in StableCoins

(Bloomberg) – President Donald Trump and his family were interested in each corner of the crypto industry.

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There are insecure tokens and digital collectors; decentralized financial project; Suggested Stablecoin; effort in Bitcoin mining; And a couple of memos, one for president and one for the first Lady Melania Trump.

Collect together, different projects approach $ 1 billion of paper gains even after it has become even after the accounting color of market awarters, in accordance with Cloomberg’s budgets based on public available data.

Donald Trump is already the richest person who has ever become a US president, and its non-crypto farms include significant real estate investments. After his first elections in 2016., Trump lawyers created confidence to engage in their business affairs. It was managed by his two oldest sons and Allen Weisselberg, long-term chief financial director of Trump’s real estate company.

Eric Trump emphasized that “there are no conflicts” related to crypt’s investment family.

“I don’t work with a white house,” Eric Trump said during Bloomberg TV interview in April. “We believed in the crypt long time.”

The own public conversion of the President in the CRIPTO is still relatively new. Trump called Bitcoin “by fraud” as recently as 2021. years, saying Fox Business at the time that he did not like token “because it was another currency competing against dollars” and should be regulated by “very, very tall”.

The trump relationship with the digital property industry has developed significantly since. As a candidate, he stumbled and benefited from significant contributions to his campaign for re-selecting from CRIPTO managers and lawyers.

In his second term of office, Trump signed his promise to the American capital of the planet, installing David bags and booming industry and continued to Memecoin and continued to be Memecoin.

“Trump and his family are eager to establish a wide stronghold in the sector before further regulatory actions that will probably intensify the cryptoaseteset,” Esvar Prasad, Professor of Trade Policies at Cornell University.

Here’s how the Trump Cripto portfolio evolved.

Nonfungible tokens: 20. December

Trump became crypto convert after falling in love with his digital collectors, known as non-functioning tokens.

Bill Zanker, a friend of Trump and the Founder of the Adult Education, Annex Learning, initially set it up. Since then, Trump Trading Cards NFTS, which show it in various calls and clothing (sometimes dressed as a superhero), over four collections have spread.

Last year, the president hosted dinners for fans who bought his NFTS, which, according to financial discoveries, made millions of dollars.

Decentralized finance: 20. September

The Trump family announced its crypto World Freedom Project to the USA Financial Election. Since its founding, the project purchased millions of dollars in the values ​​of other cryptocurries, including ether and throne, however, still offered the promised definitive services such as crypto borrowing without any intermediaries.

A company associated with Trump received 75% of net income as fees, including income from the sale of tokens, according to the offer of documents. The Trump family owns 60% share in the capital of world freedom through their company DT means Defi LLC.

The company received $ 550 million in Token sales after the end of the second round last month.

Zach Vitkoff, one of the basic founders of the world’s freedom, is the son of Steve VIKFF, which helped connect the President family to other participants in the financial world freedoms. Since the sales of the platform in October sales, observers asked questions about their potential conflicts of interest in the Trump family, given the condition of administration over regulations.

Trump’s sons, Donald Jr., Eric and Barron, are all listed as “Web3 counselors” in world freedom of financial. The family actively promotes the project through social media and public performances.

Memecoins: 20. January

The day before the inauguration trends, he and his wife, Melania, launched their memecoins, a very speculative corner cryto in which assets have no multiple value. After the initial increase, which probably created more than $ 11.4 million fees for entities related to the President in January, Sam, are tankers.

The surrender is filled with a mixed reaction from the crypto industry, how much many believed that it hurts to pressure to look legitimite. Two entities associated with trumps – CIC Digital and Fight Fight Fight LLC – own 80% of the supply, holding that will be unlocked for three years.

ETFS: 20. February

Trump Media & Technology Group Corp. He said in early February to apply for trademarks for investment products with topics that follow Trump priorities, including “Truth.fi Bitcoin Plus” True.fi Bitcoin. “

It said it would work with Crypto.com to start ETF. The month before the Trump victory of the election, Sex filed a notice that he intended to sue Cripto.com to work unregistered securities. In March, he closed the probe in March, according to society.

Stablecoin: 25. Marta

World freedoms Financial announced plans for launching their stablecoin for monitoring dollars called USD1, which will initially be populated at ClibchainChains smart chains Etherum and Binance. Token will be supported by one short-term American cash register, dollar deposits and other cash equivalents, according to the liberty in the world.

This move has only indicated legislation on significant Stablecoin that has progressed through the Committee for Financial Services Homes, with a cropto companies who dealt with steless men as a way to get global financial transactions adopted and faster.

Building Bitcoin: 31. Marta

The Trump family said he plans to initiate investment in focusing in Bitcoin with Hut 8 Corp. Bitcoin miners are early supporters Trump Campaigns for re-selection. In June 2024. year, followed by a candidate Trump hosted several mining managers in Mar-a-Lago, telling them that they would be a lawyer in the White House.

The Bitcoin Mining Sector in the US is morphrocated in the Multible Dollar industry.

“Investing in crypto is no longer as simple as holding Bitcoin,” Campbell Harvey said, Professor of Finance at Duke Duke Duke. “There are many different crypto segments. Trump has a loan presence, future Stablecoin, other cryptoasets, and now mining.”

– With the help of Annie Massa, Kyle Kim (News), Muya Shen and Dave Liedtko.

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