Donald Trump. Credit Line: Alex Brandon / AP / Profimedia
US President Donald Trump has reported revenues of $ 57.4 million in a cryptocurrency project, according to a financial statement submitted to the US Government Ethics Office, The Financial Times reports, according to news.ro.
Specifically, the revenues come from his participation in the World Liberty Financial (WLF), a crypto platform he supports with his sons, Donald Jr. and Eric Trump. According to the document, Trump has 15.75 billion Governance Tokens within the project, which confer voting rights in the management of the company.
The Crypto group is one of the largest sources of income from the hundreds of income lines listed in the report of over 200 pages, together with the income from books and real estate investments.
In January, the World Liberty Financial announced the sale of 21 billion token, generating a total of $ 1 billion.
In a document submitted to the century last year, Steve Witkoff, a special emissary of Trump, is mentioned as a “promoter” of the project.
However, the financial statement could increase concerns about possible conflicts of interest between the presidential function and the personal interests in the cryptocurrency sector, notes the source. The White House has not yet commented on the information.
The public support granted by Trump to the Crypto sector has fueled a strong market increase, the Bitcoin price exceeding the $ 100,000 threshold.
Trump has constantly promoted his own Memecoin (cryptocurrency originally created in a jest.
The media company of the Trump family announced last week that it intends to launch an Exchange-Traded Fund (investment fund listed n. Red.) To directly own Bitcoin and that it aims to attract $ 2.5 billion to create a “Bitcoin treasure”.
In May, Eric Trump and Donald Trump Jr. participated in a Bitcoin conference in Las Vegas, claiming that Crypto transactions are “cheaper, faster, safer and more transparent” than those in Fiat currency.
