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Föderation EN Fr 18.04.2025 00:52:23 Newsletter: Inside the Trump family’s sprawling crypto empire — from memecoins to mining — and how Trump is using presidential power to dismantle the regulators who could stop it. |
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Föderation EN Fr 18.04.2025 00:54:36 This Trump family crypto empire is set to profit precisely because Trump is gutting the regulations that would normally constrain it — brazen self-dealing that represents perhaps the most flagrant exploitation of presidential authority in American history. Medien: 2 |
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Föderation EN Fr 18.04.2025 00:54:58 Before I continue: I’m a completely independent researcher and writer, and it is contributions from people like you who make my work possible. Consider signing up for a pay-what-you-want subscription to help me keep doing this: https://www.citationneeded.news/signup |
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Föderation EN Fr 18.04.2025 00:55:57 Trump has received at least $20 million in publicly reported political contributions from crypto benefactors, plus the over $100 million in Congressional spending, and the benefits to these companies in return have been substantial. (Newly tracked at https://www.followthecrypto.org/quidproquo) Medien: 1 |
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Föderation EN Fr 18.04.2025 00:58:20 But far from only doing favors for his crypto industry benefactors, Trump and his family are working fast to personally cash in as Trump now holds the power to shape industry policy and oversight. Here’s an overview of the Trumps’ crypto conflicts: Trump receives 75% of protocol revenues and owns a 60% stake in the World Liberty Financial crypto business. This has already netted him almost a $400 million claim on token sale revenue, even though no platform has been launched yet. The project has already faced accusations of insider trading, and is reportedly in talks to work with Binance as Binance is simultaneously petitioning the US Treasury department to remove the compliance monitor as a result of the company’s criminal conviction. Medien: 3 |
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Föderation EN Fr 18.04.2025 00:58:54 Trump owns 53% of the Trump Media company, which has recently announced it’s getting into crypto. Three days after Trump Media announced a partnership with Crypto.com, Crypto.com got the news that the SEC was dropping its investigation into their company. Medien: 1 |
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Föderation EN Fr 18.04.2025 00:59:52 Trump is reportedly exploring launching a crypto game, which is a sector that has faced regulatory scrutiny. SEC lawsuits naming crypto gaming tokens as securities have been dropped, and Rs in Congress just voted to overturn a CFPB consumer protection rule for game assets. Medien: 2 |
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Föderation EN Fr 18.04.2025 01:00:19 Two of Trump’s sons are involved in a new bitcoin mining venture called American Bitcoin in which an existing bitcoin mining firm, Hut8, essentially donated 20% of their company to the Trumps in exchange for getting in on their profitable self-dealing. Medien: 1 |
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Föderation EN Fr 18.04.2025 01:01:45 The Trumps have cashed out around $390 million from their memecoins. A month after their launch, the SEC stated that memecoins do not fall under SEC authority. Medien: 2 |
