Trump’s Crypto Empire: A $2.9 Billion Boom Thanks to His Own Executive Order

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Well, folks, you might want to sit down for this one. President Donald Trump’s cryptocurrency ventures have added a staggering $2.9 billion to his wealth in just six months, according to the left-leaning State Democracy Defenders Fund’s latest bombshell report from April 23.

Soros-Backed Lobbyists Say Trump’s Crypto Shift Is ‘A Little Too Convenient’

In what can only be described as an investigative hit piece—complete with charts, graphs, and more italics than a Shakespearean drama—the State Democracy Defenders Fund claims that Trump’s crypto assets (including the “official” meme coin TRUMP and his newly minted USD1 stablecoin) now account for nearly 40% of his colossal $7.7 billion fortune. That’s right, nearly half of his wealth is now tied to the volatile world of cryptocurrencies—because who needs conventional investments when you can dive headfirst into the digital frontier?

The report also spills the tea on Trump’s family-linked company, which owns a 60% stake in World Liberty Financial, Inc. (WLFI). This is the same company that launched the USD1 stablecoin back in March. Apparently, the stablecoin is backed by U.S. Treasuries and cash equivalents—sounds safe enough, right? Just a little backyard operation involving billions of dollars.

And here’s the kicker: the report alleges that Trump’s January executive order was a masterstroke. By encouraging private-sector stablecoins and putting the brakes on a federal digital currency, Trump seemingly paved the way for WLFI’s USD1 to take center stage. The cherry on top? The Justice Department has also apparently decided to chill out on prosecuting digital asset cases—unless, of course, those assets are linked to terrorism or cartels. How convenient.

According to the report, ethics experts (who are presumably very hard to find) argue that Trump’s ongoing promotion of his crypto ventures, including hyping up TRUMP on social media, creates some pretty hefty “conflicts of interest.” But don’t worry—his assets are safely nestled in a trust managed by his sons, so it’s all above board, right? Forget about traditional blind trusts that past presidents have used—this one is special.

But wait, there’s more! The report also raises concerns about the Foreign Emoluments Clause, which is a fancy way of saying that WLFI is marketing its USD1 stablecoin to foreign governments and sovereign wealth funds. Because why limit yourself to just U.S. investors when you can go global? Congress, of course, is considering the GENIUS Act (yes, GENIUS—because why not?), which could regulate stablecoins, but there’s one little catch: it doesn’t actually stop elected officials from holding them. Hooray for loopholes!

The State Democracy Defenders Fund isn’t just sitting back and letting this all unfold. Oh no, they’re urging lawmakers to plug those pesky loopholes that let Trump shape policies that—surprise!—happen to benefit his own holdings. And in case you were wondering, Trump is scheduled to provide even more details about his crypto income in a May 15 financial filing. Stay tuned for the next installment of “The Trump Crypto Chronicles.”

Now, before you start writing angry letters, the State Democracy Defenders Fund does claim to be a nonpartisan group. But, and this is a big but, their activities, funding, and public positions are widely seen as left-leaning by—well, pretty much everyone. The group is funded by major liberal donors, including none other than billionaire George Soros’s Open Society Policy Center and the Sixteen Thirty Fund. What a surprise.

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2025-05-05 18:35