U. S President, Donald Trump and Bitcoins
US President Donald Trump has pocketed over $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House.
The document, issued by the Office of Government Ethics, lists Trump’s holdings, including stocks, dividends, real estate, and investment portfolios.
Trump raked in $57.4 million from the sale of World Liberty Financial tokens, a company that issued 100 billion tokens, with 22.5 billion allocated to DT Marks Defi, a Trump-affiliated entity.
This move has raised conflict of interest concerns, especially after Trump won the presidential election.
Once hostile to the crypto industry, Trump has enthusiastically embraced the sector since returning to power.
He has taken significant steps to clear regulatory hurdles and made large-scale investments.
Trump appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC) and established a federal “Strategic Bitcoin Reserve” aimed at auditing the government’s bitcoin holdings.
The financial disclosure also reveals other significant income sources for Trump, including:
– *Branded Products*: $2.8 million from watches and $2.5 million from perfumes and sneakers
– *Mar-a-Lago Club*: Over $50 million in income from his Florida club
– *Golf Courses*: $29.1 million from his West Palm Beach course and $110.4 million from his Miami course
– *Retirement payment*:$6,484 monthly payment from the Screen Actors Guild (SAG)
Vice President JD Vance praised Trump’s support for cryptocurrencies, saying they now have “a champion and an ally” in the White House.
