Trump earns 57 million USD from DeFi: Is the crypto ambition growing?

According to a new report from the U.S. Office of Government Ethics, President Donald Trump has garnered 57 million USD in the fiscal year 2024 from #WorldLibertyFinancial – a DeFi project controlled by his family. This is the largest source of income, accounting for over 80% of Trump’s total personal revenue in the past year (nearly 69 million USD).

World Liberty Financial initially only had advisory from the Trump family, but later the family took control, turning this into a strategic crypto project. The project has raised 550 million USD, partnering with Binance to develop the USD1 stablecoin and digital asset investment funds.

In addition, he #TRUMP also earns money from a series of products linked to his name such as:

3 million USD in book royalties for Save America

2.5 million USD from shoes and perfume

2.8 million USD from watches

1 million USD from a collection of trading cards

Over 1 million USD from the Bible, guitar, conferences,...

Trump is also holding crypto worth between 1 to 5 million USD.

However, he still faces financial obligations such as 100 million USD in real estate debt, 88 million USD in lawsuit settlements, and personal credit debt.

Meanwhile, Vice President JD Vance only reported modest income with a total report length... 15 pages.

Trump's ambitions with crypto are rapidly expanding. However, the digital asset market always carries high risks. Be cautious when investing.