Trump's $1.16B in Crypto

Donald Trump and his family’s cryptocurrency investments are facing political and regulatory scrutiny after Democrats won majorities in both chambers of Congress. Representative Robert Garcia has pledged to investigate the family’s profits, which exceeded $1.16 billion last year. The proceeds included about $635 million in licensing revenue linked to Trump’s digital currency and more than $500 million from sales of tokens issued by the World Liberty Financial project. The White House denies any conflicts of interest, saying the president’s sons manage his businesses through a trust. Cryptocurrencies have a combined market value of about $2.5 trillion, with Bitcoin accounting for 60% of the total. Bitcoin is trading roughly 40% below its all-time high. An analyst cited in the report says the price decline reflects psychological concerns, not a confirmed shift in the nature of the market.

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