The Trump family is going all in on cryptocurrencies – even more than before – with the launch of not one but two ventures this week: American Bitcoin, a bitcoin mining business backed by the US president’s two eldest sons and WLFI, a token where he is “co-founder emeritus”.
Donald Trump already controls several billion dollars worth of $TRUMP coin, a so-called meme currency in the lead-up to his inauguration earlier this year. His latest token, offered by one of his family’s companies, known as World Liberty Financial, added another $7.7 billion to the Trump fortune when it launched earlier this week. That’s more money than the businessman amassed over decades working in real estate.
Source: https://www.afr.com/markets/equity-markets/trump-family-triples-down-on-crypto-but-investors-feel-the-pain-20250902-p5mrta