Donald Trump promised to make the US the world’s crypto capital. His businesses are seizing on it. #DonaldTrump $BTC Donald Trump, the real estate mogul, reality television star and president, has a new title: cryptocurrency tycoon. A growing share of his net worth is now linked to a corner of the financial markets over which his administration holds considerable sway.
Presidents have historically distanced themselves from their businesses while in office. But over the last year, Trump, his family and business partners have challenged that convention, backing a series of crypto startups and deals. Those crypto ventures have boosted Trump’s assets by roughly $1 billion, according to media reports. The trading of $TRUMP- and $MELANIA-branded cryptocurrency tokens, or “memecoins,” has generated hundreds of millions of dollars in fees for the president’s family and its partners. Truth Social-parent company Trump Media & Technology Group, which counts Trump as its largest shareholder, said last year it would begin stockpiling crypto tokens. And a Trump-backed crypto venture called World Liberty Financial has been striking deals around the world, while also expanding its footprint in the U.S.
Now, World Liberty could further blur the line between Trump’s businesses and his role as president. The company applied this month to launch a federally regulated bank in the U.S., which would give it more oversight of customers’ assets. It would also put a Trump-linked business under the direct oversight of one of Trump’s regulators.
Today’s News: 🔥 Brian Armstrong says retail investors are staying strong during the market downturn and are “buying the dip,” with many increasing their holdings of BTC and ETH.
⚠️ What happened: ▸ The CEO of Coinbase confirmed that retail users are not panicking. ▸ Most have increased their holdings of BTC and ETH. ▸ This reflects long-term confidence in crypto assets.
⚡️ Why it matters: ▸ Shows that retail demand remains stable. ▸ Could help strengthen the base support for BTC and ETH. ▸ A positive signal for long-term adoption and potential market recovery.
A Change of Heart $BTC They had a point—Bitcoin was risky business three years ago, especially after the crypto market bubble where prices took a trip to the depths of the underworld. But now that your commitment has finally paid off, your rocky marriage might have just been saved! #MarketRebound