Trump’s Wealth Surges via Family Crypto Firm
NEWS & RESEARCH
Since his January 2025 inauguration, Donald Trump’s wealth has grown by at least $1 billion through his family’s crypto firm, World Liberty Financial (WLF). This growth followed the administration’s launch of a federal crypto stockpile, regulatory rollbacks, and the suspension of investigations into WLF investors. Reports indicate startups were pressured into multimillion-dollar payments to WLF for access to the "Chief Crypto Advocate," that is, Trump.
SOURCE: New York Times
ANALYSIS & OPINION
Experts describe these deals as unprecedented in modern government corruption. A Brennan Center report warns that WLF’s capital flow likely violates the Constitution’s Emoluments Clauses, creating a limitless channel for foreign governments to influence the President.
SOURCES: The Guardian | Brennan Center | The Guardian | New York Times
HOW TO FIX IT
To address these conflicts, advocates and lawmakers suggest:
Legislation: Passing the the Modern Emoluments and Malfeasance Act, or MEME Act, End Crypto Corruption Act, Stop TRUMP in Crypto Act, and the Presidential Conflicts of Interest Act and other conflict of interest reforms
Structural Oversight: Mandating a blind trust for presidential investments and ensuring strict compliance with the Ethics in Government Act.
Regulatory Scrutiny: Oversee SEC transparency in its crypto regulation and delay approval of WLF’s bank charter application via the Office of the Comptroller of the Currency.
SOURCES: Public Citizen | Senator Merkley | The Guardian | NCRC | Yahoo Finance | New York Times | Democracy Defenders
Legislation: H.R.1712 - MEME Act | S.1668 - End Crypto Corruption Act | H.R.3573 - Stop TRUMP in Crypto Act | S.1486 - Presidential Conflicts of Interest Act
