🚨 *Trump Family's Crypto Venture: $6 Billion Windfall* 💸
The Trump family has made a significant splash in the crypto world with their new digital currency, WLFI, launched through World Liberty Financial. According to reports, the family has amassed up to $6 billion on paper after opening trading for WLFI tokens.
*Key Highlights:*
- *WLFI Token Launch:* The Trump family launched WLFI in a crypto equivalent of an initial public offering, allowing token holders to trade for the first time.
- *Family Stake:* The Trump family holds about a quarter of all WLFI tokens in existence, with Donald Trump Jr., Eric Trump, and Barron Trump serving as co-founders.
- *Revenue Share:* A company affiliated with Trump receives 75% of net revenue, including token sales proceeds, as a fee.
- *Crypto Empire:* This venture is part of the Trump family's broader crypto expansion, which includes Bitcoin mining, stablecoins, and potential ETF involvement ¹.
*Trump Family's Crypto Ambitions:*
- *Bitcoin Mining:* The family has partnered with Hut 8 to launch a major U.S.-based bitcoin-mining company.
- *Stablecoin:* World Liberty Financial has launched a stablecoin, USD1, pegged to the U.S. dollar and backed by short-term U.S. Treasury bills and bank deposits.
- *ETFs:* The Trump family has filed trademarks for a proposed ETF, "(link unavailable) Bitcoin Plus," which would track assets linked to Bitcoin.
*What's Next?* 🤔
Will the Trump family's crypto ventures continue to shape the industry's future? Share your thoughts! 💬