Here is a concise overview of Trump's crypto ventures and controversies, based on recent reports:
1. **$TRUMP Memecoin & Access Sales**: Trump launched the $TRUMP memecoin, earning an estimated **$315 million in fees** and holding **$427 million in unlocked tokens** (total crypto earnings: ~$1.1 billion). He hosted exclusive dinners at his Virginia golf club for top buyers who spent **$148 million**, including foreign investors like Tron founder Justin Sun ($20M) and Singapore-based MemeCore ($18M) .
2. **World Liberty Financial (WLF)**: Co-founded with his sons, WLF launched a stablecoin, **USD1**, used in a **$2 billion Abu Dhabi investment** in Binance. Trump’s family receives **75% of WLF's token revenues**, netting **$390 million** from token sales. Binance, which pleaded guilty to money laundering in 2023, benefited from dropped SEC investigations under Trump .
3. **Policy Influence & Ethics Scandals**:
- Signed the **GENIUS Act** (July 18, 2025), easing stablecoin regulations but exempting presidential families from profit bans .
- Appointed crypto allies to lead the SEC, which **paused enforcement** against Sun despite a 2023 fraud lawsuit .
- House Democrats probe **"fraud and bribery"** concerns, demanding Treasury records on WLF and $TRUMP transactions .
4. **Expansion Plans**: Trump Media filed trademarks for crypto **ETFs** (e.g., "Truth.Fi Bitcoin Plus ETF") and partners with Crypto.com to launch investment funds .
Critics like Sen. Jeff Merkley label these activities a **"profoundly corrupt roadmap"** enabling foreign influence and self-enrichment .
