{"id":1406,"date":"2025-06-20T06:34:19","date_gmt":"2025-06-20T10:34:19","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=1406"},"modified":"2025-06-20T06:42:33","modified_gmt":"2025-06-20T10:42:33","slug":"trump-cryptocurrency-venture","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/trump-cryptocurrency-venture\/","title":{"rendered":"Trump Earned $57 Million From Crypto Venture, Ethics Filing Reveals"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Donald Trump has made over <strong>$57 million<\/strong> from a <strong>cryptocurrency venture<\/strong>, according to a newly released government ethics report. The income came through <strong>World Liberty Financial<\/strong>, a digital finance project backed by his sons, Donald Jr. and Eric Trump.<\/h3>\n\n\n\n<p>The report, reviewed by the <em>Financial Times<\/em>, was part of a detailed 200-page financial disclosure filed with the U.S. Office of Government Ethics. It lists World Liberty Financial as one of Trump\u2019s biggest sources of income among his wide range of business interests.<\/p>\n\n\n\n<p>Trump reportedly holds <strong>15.75 billion governance tokens<\/strong> in the company, not through investment, but in return for promoting the project. These tokens have helped generate millions in value for the former president.<\/p>\n\n\n\n<p><strong>Also Read:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.decentralnetwork.org\/news\/u-s-senate-stablecoins-bill\/\" data-type=\"link\" data-id=\"https:\/\/www.decentralnetwork.org\/news\/u-s-senate-stablecoins-bill\/\">Senate Approves Stablecoin Regulation Bill, Giving Crypto Industry a Big Boost<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>He also maintains ownership in digital-related companies like <strong>CIC Digital LLC<\/strong> and <strong>CIC Ventures LLC<\/strong>, although those businesses earned little or no income in the past year.<\/p>\n\n\n\n<p>The document includes Trump\u2019s signed statement, claiming the information is \u201ctrue, complete, and correct,\u201d and subject to official review by the ethics office.<\/p>\n\n\n\n<p>Earlier this year, Trump made headlines for removing David Huitema as director of the Office of Government Ethics \u2014 the same independent body now reviewing this financial filing. The move raised eyebrows, especially as questions grow about Trump\u2019s business ties while holding public office.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trump\u2019s Crypto Involvement Raises Ethical Questions<\/h3>\n\n\n\n<p>World Liberty Financial has gained attention as a <strong>crypto platform<\/strong> offering lending and trading services. Since launching last year, it has sold 21 billion tokens and raised $1 billion through a public token sale.<\/p>\n\n\n\n<p>While Trump\u2019s role appears legally allowed, critics \u2014 including both Democrats and some Republicans \u2014 say his deep involvement in the <strong>crypto space<\/strong> creates a serious <strong>conflict of interest<\/strong>. As president, he has the power to shape regulations that could directly impact his own investments.<\/p>\n\n\n\n<p>A recent SEC filing shows that Steve Witkoff, one of Trump\u2019s special envoys, acted as a \u201cpromoter\u201d of World Liberty Financial. This has sparked concerns that Trump may be giving preferred access to political insiders or supporters who buy into his cryptocurrency ventures.<\/p>\n\n\n\n<p>In fact, <strong>SEC Chair Paul Atkins<\/strong>, appointed under Trump\u2019s administration, has dropped several enforcement cases against crypto firms, creating a more relaxed regulatory climate for the industry.<\/p>\n\n\n\n<p>Rep. Jamie Raskin, a top Democrat in the House, has now launched an investigation into a private dinner Trump hosted for major investors in his meme coin project. The meeting reportedly included discussions on policy and potential business opportunities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trump Expands Crypto Plans Through Trump Media<\/h3>\n\n\n\n<p>Trump Media &amp; Technology Group, another business tied to the former president, is planning to raise $2.5 billion to build a <strong>bitcoin treasury<\/strong> and launch a <strong>Bitcoin ETF<\/strong> (exchange-traded fund). This would further expand Trump\u2019s influence in the crypto world.<\/p>\n\n\n\n<p>One of the biggest backers of these plans is <strong>DRW Investments<\/strong>, run by Chicago trader Don Wilson. DRW invested $100 million into Trump Media just weeks after its crypto firm, <strong>Cumberland<\/strong>, received relief from SEC enforcement action.<\/p>\n\n\n\n<p>Before that, the Biden administration had pursued Cumberland over alleged violations related to unregistered securities. The case was dropped shortly after new leadership took over at the SEC.<\/p>\n\n\n\n<p>DRW\u2019s investment highlights the growing network of wealthy crypto supporters behind Trump\u2019s ventures \u2014 and raises further concerns about political influence, financial gain, and ethics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump has made over $57 million from a cryptocurrency venture, according to a newly released government ethics report. The &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Trump Earned $57 Million From Crypto Venture, Ethics Filing Reveals\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/trump-cryptocurrency-venture\/#more-1406\" aria-label=\"Read more about Trump Earned $57 Million From Crypto Venture, Ethics Filing Reveals\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[354,359,358,360,355,357,197,103,356,361,362],"class_list":["post-1406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin-etf","tag-bitcoin-treasury","tag-conflict-of-interest","tag-crypto-platform","tag-crypto-space","tag-crypto-supporters","tag-featured-post","tag-sec-enforcement","tag-trump-cryptocurrency-venture","tag-trump-media","tag-world-liberty-financial","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/06\/Trump-cryptocurrency-venture.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=1406"}],"version-history":[{"count":3,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1406\/revisions"}],"predecessor-version":[{"id":1410,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1406\/revisions\/1410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/1407"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=1406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=1406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=1406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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