Trump’s Crypto Empire: A Tale of Power and Profit

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Behold, the Senate Democrats, those valiant sentinels of ethical integrity, now cast their gaze upon the burgeoning dominion of President Donald Trump, whose fingers now entwine with the enigmatic realm of cryptocurrency. 🐍

They did not merely inquire, but implored, with a missive addressed to Steve Witkoff, the Special Envoy to the Middle East, demanding he disclose the secrets of his personal crypto holdings and his tangled web of ventures linked to the Trumpian sphere. 🕵️♂️

Under the banner of Senator Adam Schiff, eight Democrats stood united, their voices echoing the concern that Witkoff’s continued stake in World Liberty Financial (WLFI) and other crypto enterprises might contravene the sacred tenets of federal ethics. 🧾

For what is a diplomat’s duty, if not to serve the nation, when his pockets may swell from the very deals he negotiates? Particularly when WLFI’s tendrils reach into the sands of the United Arab Emirates, where gold and gold-like tokens abound. 💸

“While you retain an ownership stake in WLFI, you stand to gain from its prosperity, even as you engage with foreign powers in your official role,” the letter intoned, as if reciting a parable of virtue.

The $2 Billion UAE Connection

Witkoff’s ethics disclosure, dated August 13, reveals his lingering shares in WLFI, WC Digital Fi LLC, and SC Financial Technologies LLC-a curious contradiction to his earlier pledge to “fully divest.” The senators, ever vigilant, demand a reply by October 31. 📅

And what of the $2 billion investment by the Emirati firm MGX into Binance via WLFI’s stablecoin USD1? A timing so precise, it whispers of clandestine alliances, as the US and UAE forged their AI pact. 🤝

The Democrats, ever the watchful guardians, suspect a dance of interests, where diplomacy and profit waltz in unseemly harmony. 🕺

They also ponder if Witkoff secured ethics waivers to partake in discussions that may have bolstered WLFI-a question as thorny as the thistle itself. 🌿

Trump’s Expanding Crypto Empire

A Financial Times report unveils the staggering profits of Trump-linked crypto ventures, amassing over $1 billion in a single year. 📈

World Liberty Financial, that paragon of innovation, has sold billions in tokens, including USD1 and WLFI, netting hundreds of millions. Trump himself reported $57.3 million in income from the company-a sum that would make even the most pious monk envious. 💰

Trump’s crypto ventures’ total income. | Source: Financial Times

Since his return to power, Trump has championed pro-crypto policies, replacing regulators with allies, easing enforcement, and permitting retirement funds to dabble in the volatile world of digital assets. 🏦

Critics, ever the naysayers, claim these moves have enriched the president while blurring the line between public service and private gain-a tale as old as time, yet as fresh as a blockchain. 🔄

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2025-10-22 21:30