Donald Trump has a role in his unofficial role as the ‘Crypto President‘In ways that can help both the crypto industry and can enrich themselves and his family.
Once a skeptic of cryptocurrencies, Trump has made a complete reversal and embraced digital currencies in a way that no other chosen officer has done. He has promised to implement crypto-friendly policy and make the US ‘the world capital’ of digital assets.
He also attached the name Trump to a crypto token and other products with a crypto theme. The cryptocurrency industry, which has spent heavily in helping Trump who won last year’s elections, expressed mixed feelings About some of his crypto companies.
Critics have said that the companies are ripe for abuse by people looking for the influence of Trump. Trump placed his investments and assets in a confidence managed by his children and has promised Do not play a role in managing his companies while he is president.
Here is a by-the-numbers look at the crypto tires of Trump:
That is how much a watch company charges for a new “Crypto President Tourbillon” watch of the Trump theme Online Watch Store, which pays a license costs for using the name Trump. Trump has a long history of merging his political and business interests. He promoted Trump watches for the first time in September last year. The online store recently started selling watches with crypto theme at different price levels.
The website gettumpwatches.com says that only 10 “crypto president tourbillon” watches will be made, and payments are only accepted in Bitcoin. For their $ 100,000, buyers receive a watch with 229 “Bitcoin Orange Sapphires” and a signed authenticity letter from Trump. “The Crypto President Tourbillon is not just a watch – it’s an explanation. Of wealth. From power. From vision, “says the website.
That is about how much market capitalization, or the overall value, of the President’s meme coin has been erased since the peak at around $ 15 billion on January 19, two days after it was launched and a day before Trump took office.
Some in the Crypto industry greeted the launch of Trump’s Meme Coin, which was quickly followed by the launch of the Meme Coin of First Lady Melania Trump, as a sign of his enthusiasm and dedication to digital assets.
Critics said it was badly reflected in the reputation of the crypto industry at a time when it hopes to become more mainstream. Meme coins are a strange and very volatile angle of the crypto industry that often start as a joke without real value, but can rise in price if enough people are willing to buy them.
That is the price for a new pair of sneakers with crypto-theme sold by another website that pays a license costs to sell products with Trump theme that the president has promoted. The low-top orange shoes will start sending shipping in April, with a planned limited run of only 400 pairs.
That is how much the Chinese Crypto -Mogul Justin Sun said that his company has invested in World Liberty Financial, a decentralized cryptocurrency platform for finance that Trump and his sons helped last year. Sun founded the decentralized blockchain platform Tron and is also known for its recent Purchase of a banana For $ 6.2 million.
Sun and his companies were sued Against the SEC in 2023 due to alleged artificial blowing up of the prize of Tron, and the US has also accused its company of facilitating transfers connected to groups designated as terrorist organizations. World Liberty Financial announced that it had bought $ 4.7 million in Tron’s Token, TRX on the inauguration day.
That is how much the parent company of Trump’s Truth Social has said that it will spend on new investment products and decentralized financing services that can include Bitcoin and other cryptocurrencies.
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Truth Social has just applied to trademark ‘Truth.fi Bitcoin Plus ETF’ and ‘Truth.fi Bitcoin Plus SMA’, a sign that they are planning to launch crypto exchange funds and separately managed accounts.
Despite modest income and considerable losses, Trump’s supporters helped to increase the stock price of Trump Media & Technology Group and raise money since it became public last year. The parent company announced last month that the possible relocation to Crypto was an attempt to diversify its $ 700 million cash reserves.
TMTG says that Trump has no decision -making role with the company. He is the largest shareholder, with an interest of 53%, according to the most recent quarterly report of the company. That is currently worth more than $ 3 billion.