The Trump Family’s $16 Billion Crypto Web: Power, Profits, and Controversy - BitGalactic News

Crypto News on BitGalactic! https://bitgalactic.net/the-trump-familys-16-billion-crypto-web-power-profits-and-controversy/ 🚀 The Trump Family’s $16 Billion Crypto Web: Power, Profits, and Controversy - BitGalactic News The Trump Family’s $16 Billion Crypto Web: Power, Profits, and Controversy. Donald Trump has long been known for turning his name into a brand, attaching it to everything from luxury real estate to cologne and even gold-embossed sneakers. Now, his ambitions have taken a digital turn, with the Trump family building a massive crypto empire valued at nearly $16 billion—despite his administration planning a significant regulatory crackdown on the industry. Political analysts argue that this creates a glaring conflict of interest. The empire includes memecoins, a DeFi platform, NFTs, and a new investment venture called Truth.Fi, which claims to work with major financial players like Charles Schwab. But as with all things Trump, the story is far from simple. Investors have recently started dumping Trump-associated crypto holdings, raising questions about the empire’s sustainability. Memecoins: Boom, Bust, and Allegations of a Cash Grab In classic Trump fashion, the former president launched his official memecoin with the kind of bravado that has defined his brand. “My NEW Official Trump Meme is HERE! WINNING!” he posted just before his inauguration on January 20. At its peak, TRUMP’s market cap hit $15 billion, making it the third-highest-valued memecoin in history, according to CoinGecko. But the hype didn’t last. The token has since lost 75% of its value, while Melania Trump’s memecoin—launched shortly after—has dropped by a staggering 87%. Critics within the crypto space have slammed these memecoins as a blatant cash grab, while blockchain analysis shows that two entities—CIC Digital LLC and Fight Fight Fight LLC—control 80% of Trump’s token supply, valued at over $14 billion. Trump fully owns CIC Digital, according to his 2024 financial disclosure, while Fight Fight Fight LLC is linked to a Wyoming-based firm known for setting up anonymous shell companies. Stay tuned as we decode what’s coming next! 🔥 Website: https://bitgalactic.net/ X: https://x.com/BitGalactic Facebook: https://www.facebook.com/bitgalactic LinkedIn: https://www.linkedin.com/in/bitgalactic-news-653074343/ #cryptonews #bitcoinnews #cryptocurrency The content is compiled from multiple news sources. DISCLAIMER: THE CONTENT PROVIDED ON THE BITGALACTIC ACCOUNTS IS NOT INTENDED TO BE FINANCIAL ADVICE. THE VIDEOS AND INFORMATION SHARED ARE FOR EDUCATIONAL AND ENTERTAINMENT PURPOSES ONLY. CRYPTOCURRENCIES INVOLVE SIGNIFICANT RISKS, AND IT IS CRUCIAL THAT YOU CONDUCT YOUR OWN RESEARCH BEFORE MAKING ANY INVESTMENT DECISIONS.