How the Trump Family Is Involved in Cryptocurrency Ventures

Captivating view of Chicago skyline with Trump Tower reflections and a silhouette in daylight.

In recent years, cryptocurrency has become a major topic in the world of finance. Even families involved in politics, like the Trumps, have shown interest in this digital money. Many people now wonder how the Trump family is using cryptocurrency, and what that might mean.

Not long ago, former President Donald Trump publicly called cryptocurrency a scam. But today, his actions tell a different story. Over the past year, the Trump family has become involved in several crypto-related projects. These projects have made millions of dollars, with some of the money reportedly coming from anonymous and foreign sources New York Times, 2024.

One major company tied to the Trump family is called World Liberty Financial. This company focuses on a type of cryptocurrency known as stablecoins, which are digital coins designed to have a stable value.

According to recent announcements, the company plans to work with the United Arab Emirates on a project that could be worth up to $2 billion CNN, 2024.

Another way the family is involved is through meme coins—a kind of cryptocurrency often based on internet jokes or popular culture. Both Donald Trump and his wife Melania have supported meme coins that use their names. In one offer, Trump promised the top 220 buyers of his meme coin special access to an event with him at the White House.

Donald Trump Jr. Donald_Trump,_Jr. and Eric Trump eric trump in crypto are also involved in a Bitcoin mining company. This kind of business makes money by helping to run the network that powers Bitcoin transactions.

These activities raise questions for experts and lawmakers. Some worry that these crypto projects could allow people from other countries—or people who want to stay anonymous—to send money directly to the Trump family. That makes it hard to know who is influencing these projects, and whether it could affect public trust.

In the past, people were concerned about guests staying at Trump hotels or playing at Trump golf courses while he was president. Now, some experts say that these new crypto ventures could be even more concerning, because it’s not always clear what buyers are actually getting in return for their money.

Many lawmakers, especially from the Democratic Party, are now looking into these activities. They want to understand how these businesses work, and whether they follow proper rules and laws.

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