#TrumpFamilyCrypto

President Donald Trump and his family amassed as much as $6 billion on paper after their crypto venture opened trading for a new digital currency, The Wall Street Journal reported.

The Trump family launched the new cryptocurrency called WLFI on Monday in the crypto equivalent of an initial public offering. Before now, people who had bought the currency, which is from World Liberty Financial, had not been able to trade the tokens.

The Trump family holds about a quarter of all the tokens in existence. Trump’s three sons–Donald Trump Jr, Eric Trump and Barron Trump–are co-founders of World Liberty, while the president is named as a “Co-Founder Emeritus.”

While World Liberty says that founders and team members’ tokens remain “locked” and they cannot sell them. But trading allows for real-world valuation on their holdings, which were previously based on private sales. Trump and his sons launched World Liberty Financial last year when he was running for president, and said he would make “America Great Again, this time with crypto.”

That makes the Trumps’ stake worth more than $6 billion on paper. In addition, Trump-owned entities control a so-called memecoin called $Trump that is worth several billion dollars.

And a Trump-owned trust holds slightly more than half of publicly-listed Trump Media, which runs his Truth Social media network. Trump Media also buys and holds cryptocurrencies. The stake is worth $2.5 million.