The Trump family's cryptocurrency empire has reportedly generated 17 times the income it did last year, a staggering increase that highlights the vast wealth of the former president and his children. According to a new report compiled from various sources, including financial records, property records, and court documents, the Trump Organization's income soared from $51 million in the first half of last year to a whopping $864 million, with 90% of that coming from crypto ventures.
The report also reveals that some of these crypto investments were made by individuals with "histories of legal and regulatory entanglements," including a Chinese crypto enthusiast who is currently under investigation for alleged money laundering in Britain. This raises serious questions about the ethics of such investments and whether they are truly legitimate business deals or simply ways for the Trump family to profit from their influence.
The report's findings offer a clear view into the breadth of self-enrichment that has occurred since Trump took office, with his sons and brothers at the helm of this cryptocurrency empire. The scale of this operation is staggering, with some estimates suggesting it could be worth billions of dollars.
Meanwhile, other stories are emerging about the Trump family's dealings with tech companies and government agencies. For example, a drone company owned by Donald Trump Jr. has signed a multimillion-dollar contract with the Pentagon, raising concerns about ethics and potential conflicts of interest.
In another development, a group of public figures, including Prince Harry and Steve Bannon, have co-signed a letter urging caution on developing "superintelligent" artificial intelligence tools that surpass human capabilities. The move is seen as an attempt to bring together unlikely allies in the debate over AI safety and regulation.
Finally, regulators in Europe are taking action against tech giants Meta and TikTok, alleging they breached transparency rules outlined in the E.U.'s Digital Services Act. The European Commission claims that both companies' processes for requesting data are "burdensome," but they have pushed back, arguing that they need clarity on how to comply with both the DSA and GDPR regulations.
As these stories continue to unfold, one thing is clear: the Trump family's cryptocurrency empire is just one part of a larger picture of self-enrichment and influence that has defined their time in office.
The report also reveals that some of these crypto investments were made by individuals with "histories of legal and regulatory entanglements," including a Chinese crypto enthusiast who is currently under investigation for alleged money laundering in Britain. This raises serious questions about the ethics of such investments and whether they are truly legitimate business deals or simply ways for the Trump family to profit from their influence.
The report's findings offer a clear view into the breadth of self-enrichment that has occurred since Trump took office, with his sons and brothers at the helm of this cryptocurrency empire. The scale of this operation is staggering, with some estimates suggesting it could be worth billions of dollars.
Meanwhile, other stories are emerging about the Trump family's dealings with tech companies and government agencies. For example, a drone company owned by Donald Trump Jr. has signed a multimillion-dollar contract with the Pentagon, raising concerns about ethics and potential conflicts of interest.
In another development, a group of public figures, including Prince Harry and Steve Bannon, have co-signed a letter urging caution on developing "superintelligent" artificial intelligence tools that surpass human capabilities. The move is seen as an attempt to bring together unlikely allies in the debate over AI safety and regulation.
Finally, regulators in Europe are taking action against tech giants Meta and TikTok, alleging they breached transparency rules outlined in the E.U.'s Digital Services Act. The European Commission claims that both companies' processes for requesting data are "burdensome," but they have pushed back, arguing that they need clarity on how to comply with both the DSA and GDPR regulations.
As these stories continue to unfold, one thing is clear: the Trump family's cryptocurrency empire is just one part of a larger picture of self-enrichment and influence that has defined their time in office.