Trump Family's Crypto Assets Appreciate by Approximately $1.4 Billion in the Past Year, Cryptocurrency Constitutes About One-Fifth of Net Worth

Odaily News According to a Bloomberg report, crypto assets have added roughly $1.4 billion to the Trump family's wealth over the past year. Cryptocurrency now accounts for about one-fifth of their estimated $6.8 billion total net worth, marking the first time it has reached this level. During Trump's second term, the family has seen significant gains from new ventures including the crypto platform World Liberty Financial, which he co-founded, a meme coin bearing his name, and the Bitcoin mining company American Bitcoin Corp., among others. Notably, World Liberty's platform token and its stablecoin USD1 business have seen substantial valuation increases. Concurrently, the stock price of his social media company, Trump Media & Technology Group, has fallen 66% over the past 12 months, partially offsetting the gains from crypto assets. Family members have also invested in companies like SpaceX through the venture capital firm 1789 Capital and have expanded the global real estate licensing business of the Trump Organization. The White House Press Secretary responded, stating that the administration is fulfilling the President's commitment through executive actions and policies to make the United States the world's capital for crypto. (Bloomberg)