Trump Receives $18M Payout After Chinese Investor Buys Into His Crypto Venture

Justin Sun's $30M investment in Trump-backed World Liberty Financial raises concerns about foreign influence and transparency.

Chinese entrepreneur Justin Sun purchased $30 million worth of tokens from World Liberty Financial, a crypto venture tied to President-elect Donald Trump, enabling Trump to collect $18 million in payouts.
Sun, currently facing SEC charges for fraud and market manipulation, made the investment three weeks after Trump's election victory and publicly announced it on social media.
The investment allowed World Liberty Financial to surpass a $30 million revenue threshold, activating a clause that entitles Trump to 75% of all additional revenue generated by the venture.
Critics have raised concerns about the potential for foreign actors to use ventures like World Liberty Financial to discreetly influence Trump, especially as he prepares to appoint officials to key financial regulatory positions, including the SEC.
Major media outlets have been criticized for minimal coverage of this transaction, in stark contrast to extensive reporting on the Clinton Foundation's foreign donations during the 2016 election cycle.