President Trump Substantially Increased Wealth in Short Period of Time After Crypto Foray, Says Nonprofit
President Trump’s Crypto Ventures Boost His Net Worth, Nonprofit Organization Claims
A recent report from a nonprofit organization suggests that President Donald Trump has seen a significant increase in his net worth since delving into the world of cryptocurrency assets.
According to the findings of a study conducted by State Democracy Defenders Action, a group focused on combating autocracy in the US, Trump’s involvement in crypto has not only boosted his wealth but also positioned him to reap further profits in the future.
The report highlights that Trump’s position of authority has enabled him to relax regulatory measures on tokens linked to his decentralized finance (DeFi) platform, World Liberty Financial (WLFI), which was established in September 2024.
“President Trump’s recent entry into the realm of crypto assets has allowed him to significantly grow his wealth within a short timeframe. With the addition of a new stablecoin to WLFI’s offerings, he stands to further benefit from these investments in the future. Unlike other government officials, Trump is not bound by certain conflict of interest laws, giving him leeway to shape regulations favoring private stablecoins like those affiliated with WLFI.”
Referencing data from Fortune, the study reveals that Trump’s cryptocurrency holdings, valued at $2.9 billion, represent 37% of his total assets amounting to $7.7 billion. The report concludes by emphasizing that Congress holds the authority to prevent Trump from profiting off digital assets.
“While the oversight of digital assets is still evolving, President Trump’s approach seems geared towards maximizing his gains from these investments rather than divesting to avoid conflicts of interest. Congress has an opportunity to enact legislation that prohibits presidents and elected officials from holding stablecoins and other digital assets for personal gain.”
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