US President Donald Trump, which is worth more than $ 6 billion, is said to have added at least $ 620 million to his portfolio within months, thanks to projects related to the encrypted currency industry.
According to the Bloomberg on Wednesday’s report, Trump’s encoding is for encryption actor “A large part” of his wealth for the first time, mainly due to the surprise of his work in the world of encryption supported by the Liberty Financial and MEMECOIN family, official Trump (Trump).
Although the largest part of his net wealth consists of his shares in his media project, the Trump media and technology group, and real estate, Crypto Ventures represented about 9 % of his wealth starting from June.
According to what was reported by Trump and his three children, $ 390 million through 550 million dollars in symbolic sales In World Liberty Financial, it holds more than two billion dollars in the company’s governance symbols, WLF. The company could have recorded 100 million dollars After a $ 2 billion deal Where the Abu Dhabi investment company has used its MGX Stablecoin from the USD1 system from the articles of association to settle an investment in the exchange of encryption.
Concerning his micoin, which Criticism from many American legislators After the president announced a dinner party for the best 220 holders of the distinguished symbol and “A VIP tour”, according to what was reported, Trump’s investment was approximately $ 150 million. However, millions of Trump’s symbols are scheduled to be opened gradually over the next three years, and it is still unclear whether the president has the right to claim additional symbols.
Related to: Trump reveals the honor of a $ 57 million coding from the world financial freedom
In addition to World Liberty Financial and Memecoin, two of the Presidents of President Donald Trump Junior and Eric Trump owns 20 % in American Bitcoin, a subsidiary of Crypto Hut 8.
Company It was mentioned in June It raised $ 220 million for equipment and bitcoin (BTC) Investments. also Plan for the public Through the process of combining the Gryphon Digital Mining.
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Calls from Congress to address conflicts of interests
Since he took office in January, Trump’s relations in the encryption industry have caused many democratic legislators in the House of Representatives and the Senate. Specifically suggested legislation Any American president, vice president, member of Congress and their families from promoting or owning digital assets.
With the presence of Democrats in the minority in both rooms, the amendments to the current legislation or independent draft laws did not get enough support from Republicans to pass, but it does not seem that the legislators are away from continuing to raise this issue.
Recently, like the Senate The discussion about the Trump budget bill This week, the Senator in Oregon Jeff Merkeley made an amendment to address conflict of interest with the President’s encrypted projects.
magazine: Trump’s encryption projects raise conflicts in interests, trading questions from the inside
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