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Trump accused of 'disgusting' crypto greed after earning over $1bn since return to office

Crypto The Guardian ✦ xCruzo 🇺🇸🇪🇸
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Trump accused of 'disgusting' crypto greed after earning over $1bn since return to office
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Trump accused of 'disgusting' crypto greed after earning over $1bn since return to office reports fresh criticism of Donald Trump’s family crypto ventures following new financial disclosures. Elizabeth Warren, chair of the Senate Banking Committee’s top Democrat faction, and other lawmakers argued Congress should tighten rules so political leaders and their families cannot profit from the crypto industry. The article says disclosures released Tuesday by the US Office of Government Ethics show Trump earned more than $2.2 billion last year in total, with crypto-related figures standing out: World Liberty Financial, a joint venture involving the Trump family and the family of Middle East envoy Steve Witkoff, generated over $500 million from sales of “governance tokens,” while CIC Digital LLC brought in more than $600 million from Trump-branded meme coins launched days before his second inauguration. Trump dismissed scrutiny, saying he made money before taking office. The White House reiterated that his businesses are walled off from official duties. The article also notes congressional interest after a June UFC event reportedly paid fighter bonuses in USD1, a stablecoin issued by World Liberty.

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