Donald Trump’s Crypto projects added $ 620 million to his net wealth star-news.press/wp

US President Donald Trump, which is worth more than $ 6 billion, is said to have added at least $ 620 million to his portfolio within months, thanks to projects related to the encrypted currency industry.

According to the Bloomberg on Wednesday’s report, Trump’s encoding is for encryption actor “A large part” of his wealth for the first time, mainly due to the surprise of the Liberty Financial and Memecoin encryption world, Trump (Trump).

Although the largest part of his net wealth consists of his shares in his media project, the Trump media and technology group, and real estate, Crypto Ventures represented about 9 % of his wealth starting from June.

According to Trump and his three sons received $ 390 million through the distinctive code sales of $ 550 million in World Liberty Financial, they carry more than two billion dollars in the company’s governance, WLF. The company could have reached $ 100 million after a $ 2 billion deal, as the Abu Dabi investment company used its MGX Stablecoin in a platform to settle an investment in the exchange of encryption.

Regarding his microe, which has caused criticism from many American legislators after the president announced a dinner for the best 220 holders of the distinguished symbol and a “dignity tour”, it was said that Trump’s investment of approximately $ 150 million. However, millions of Trump’s symbols are scheduled to be opened gradually over the next three years, and it is still unclear whether the president has the right to claim additional symbols.

Related to: Trump reveals the honor of a $ 57 million coding from the world financial freedom

In addition to World Liberty Financial and Memecoin, two of the Presidents of President Donald Trump Junior and Eric Trump owns 20 % in American Bitcoin, a subsidiary of Crypto Hut 8.

The company stated in June that it raised $ 220 million for equipment and bitcoin investments (BTC). It also plans for the public through a combination with Gryphon Digital Mining.

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Calls from Congress to address conflicts of interests

Since he took office in January, Trump’s relations with the encryption industry have caused many democratic legislators in the House of Representatives and the Senate to propose legislation to grant any American president to give the Vice President of Congress and their families to promote or possess digital assets.

With the presence of Democrats in the minority in both rooms, the amendments to the current legislation or independent draft laws did not get enough support from Republicans to pass, but it does not seem that the legislators are away from continuing to raise this issue.

Recently, with the Senate’s discussion on the Trump Budget Bill this week, Senator in Oregon Jeff Mercli made an amendment to address conflicts of interest with the president’s projects.

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