Overview
- Eric Trump said the family’s crypto profits are “probably more” than the FT’s $1 billion pre-tax calculation.
- The FT attributes about $550 million to World Liberty Financial’s WLFI token sales and roughly $427 million to fees and trading from the TRUMP and MELANIA memecoins.
- WLFI’s USD1 stablecoin has recorded around $2.7 billion in sales, with reserves backing the token and interest on those assets estimated in the tens of millions of dollars.
- Ethics experts and Democratic lawmakers, including Sen. Elizabeth Warren, are urging inquiries as the administration advances crypto-friendly policies such as the GENIUS Act, an SEC leadership change and expanded 401(k) access to digital assets.
- High-profile and foreign participation has added scrutiny, with Abu Dhabi-linked buyers reported in USD1 sales and WLFI drawing investment from crypto figure Justin Sun.