Trump family profits skyrocket from crypto with mostly foreign investors
In the first half of 2025, the Trump family has cashed in over $800 million from the cryptocurrency market alone.
Investigative journalists reported that:
- 36 of the 50 largest wallets investing in the Trump family-owned World Liberty Financial were likely non-US investors
- Foreign investors who met with the Trump sons said they did it to get access to President Trump and cash in on his “political and financial power”
- Some of the major players in crypto have a shady past:
- Guren “Bobby” Zhou, who met with Eric Trump, is believed to be a co-founder of Aqua1 Foundation, which invested $100 million in WLF. Under investigation in Britain for money laundering
- Justin Sun, a Hong Kong-based crypto billionaire, is the largest investor of the Trump meme coin. Charged by the SEC in 2023 with fraud, selling unregistered crypto securities and hiding payments to celebrities to promote his products
Trump has reversed many of Biden’s positions on crypto:
- DOJ eliminated its crypto enforcement team
- Regulators removed guidance warning banks to be cautious about crypto-related risks
- SEC paused or dropped lawsuits in high-profile cases against crypto firms
