- Trump now holds 40% of his $2.9B fortune in crypto, signaling a deep shift from critic to key player in the digital asset.
- His growing crypto ties helped fuel a bull market but also sparked bipartisan concern and halted a major stablecoin bill.
- Trump’s ventures into memecoins, NFTs, and DeFi raise ethical questions as he rewards top investors with exclusive events.
Donald Trump has intensified his grip on the crypto market. His associated wallet recently moved 3.5 million TRUMP tokens—worth around $52.66 million—into centralized exchanges as per Wu Blockchain. This comes as new reports reveal that 40% of Trump’s $2.9 billion family fortune now sits in crypto assets. Moreover, his increasing crypto involvement is triggering political and ethical concerns in Washington.
The former president, once a critic of crypto, has now become one of its biggest champions. He has plunged into memecoins, NFTs, DeFi, and stablecoins. His alignment with crypto has disrupted political consensus. A bipartisan stablecoin bill failed after Democrats raised concerns over Trump’s financial entanglements.
Deepening Financial Ties and Market Influence
Trump’s role in the current bull market is undeniable. His election win in November helped drive momentum across crypto markets. Two key trends have emerged since then—growing institutional adoption through Bitcoin ETFs and a retail craze in memecoins.
However, memecoins carry inherent risks for everyday investors. Solidus Labs recently claimed that 98% of tokens launched on pump.fun were scams. The platform has denied the claims, yet the issue of memecoin exploitation remains pressing.
Meanwhile, World Liberty Financial, a DeFi venture linked to Trump’s family, raised $590 million during its token presale. Consequently, as the market dipped, its current crypto holdings fell to about $103 million, according to Arkham Intelligence. Despite the drop, the scale of the project underscores Trump’s deeper involvement in decentralized finance.
NFTs, Foreign Ties, and Legal Scrutiny
Trump’s venture into NFTs began in 2022, when he launched a cartoon-style digital collection. This effort earned him about $8 million, based on public financial disclosures. Additionally, he has started rewarding major TRUMP token holders with exclusive events.
Most recently, he hosted 25 holders at a private dinner at his Virginia golf club. Bloomberg reported that 19 attendees were either foreign nationals or used banned offshore exchanges. Hence, Senators Elizabeth Warren and Adam Schiff have called for an ethics investigation.
Moreover, Trump plans to host another event for his top 220 token holders later this month. The overlap between crypto fundraising and political influence continues to stir controversy and ethical debates.
