The Trump family's connection to the cryptocurrency market is becoming increasingly noticeable. Recent events center around Tron’s business plans and the financial success of World Liberty Financial.
Eric Trump Dismisses Tron Deal Rumors
Eric Trump, son of US President Donald Trump, denied claims about his alleged role in Tron’s upcoming public offering in the United States. Nevertheless, he expressed admiration for Tron’s founder Justin Sun, calling him a 'great friend'. Tron’s current plans include a reverse merger with Nasdaq-listed SRM Entertainment, which will be renamed Tron Inc., along with a $100 million private equity deal.
Trump's Earnings from World Liberty Financial
Recent financial disclosures revealed that Donald Trump earned $57.4 million from his involvement with World Liberty Financial, where he holds over 15 billion governance tokens. The filing indicated profit was generated from token sales used during the two phases of token offerings organized by the company. World Liberty Financial was launched focusing on decentralized finance.
Truth Social's Bitcoin and Ethereum ETF Filing
Truth Social, Donald Trump’s social media platform, recently filed to launch an exchange-traded fund (ETF) that would include Bitcoin and Ethereum. The targeted fund, named the Truth Social Bitcoin and Ethereum ETF, will be backed by Yorkville America Digital, aiming to simplify access for investors to cryptocurrencies. The assets' custodial arrangements will be handled by Crypto.com.
The Trump family continues to deepen their connections to cryptocurrency, drawing interest and scrutiny from the public and lawmakers alike. The revelation of earnings and future plans could have significant implications for the cryptocurrency market.
