US President Donald Trump, whose net worth exceeds $6 billion, has reportedly gained over $620 million in recent months through cryptocurrency-related ventures. A Bloomberg report indicates that for the first time, Trump's crypto assets constitute a significant part of his wealth, largely due to profits from his family-backed crypto firm, World Liberty Financial, and his personal memecoin, Official Trump. While most of his wealth is tied to his media company and real estate, crypto investments made up about 9% of his net worth as of June. Trump and his sons earned $390 million from $550 million in token sales at World Liberty Financial, holding over $2 billion in governance tokens. Additionally, Trump's memecoin investment is valued at around $150 million, although the future of his token holdings remains uncertain. Trump's connections to the crypto sector have prompted Democratic lawmakers to propose legislation to prevent US presidents and their families from owning digital assets, but these efforts have struggled to gain traction. Read more AI-generated news on: https://app.chaingpt.org/news