Trump's encryption investment has made a huge profit of 2.4 billion dollars! The earnings account for nearly half of his political wealth.

According to the latest estimates from The New Yorker, former U.S. President Donald Trump has accumulated approximately $2.4 billion in earnings from various Crypto Assets-related investments since entering the crypto market in 2022, accounting for 43.5% of his known personal wealth during his political career. This astonishing figure not only highlights Trump's proactive positioning in the digital asset space but also raises concerns about potential conflicts of interest and regulatory implications.

Trump Crypto Assets Investment Landscape

(Source: The New Yorker)

The report shows that Trump's Crypto Assets revenue sources are diverse, including:

· NFT Collections: Approximately 14.4 million USD

· World Liberty Financial coin sale: 412.5 million USD

· UAE Crypto Assets Trading: 243 million USD

· Bitcoin mining company American Bitcoin: 13 million USD

· Treasury Group: 1.3 billion USD

· Official TRUMP Meme Coin: 385 million USD

Although these investments are related to Trump, the actual operations are mostly managed by advisors or family members.

From Encryption Skeptic to Active Participant

It is worth noting that Trump publicly criticized the volatility and illegal uses of Crypto Assets in 2019. However, in recent years, his position has changed significantly, as he not only participates in the Crypto Assets market through various channels but also incorporates digital assets into the core of his political and business strategies.

Conflict of Interest and Political Controversy

Trump's crypto investment has raised questions among Democratic lawmakers, especially after he announced a dinner for the largest holders of the TRUMP meme coin in May. Some lawmakers believe this could violate federal ethics laws and constitutional compensation clauses, and are concerned that foreign forces could use this to influence U.S. political decisions.

During Trump's presidency, the attitude of the U.S. Securities and Exchange Commission (SEC) towards the Crypto Assets industry also shifted, withdrawing investigations and enforcement actions against multiple crypto companies.

Trump Advances Bitcoin ETF Plan

Trump Media & Technology Group (TMTG) recently submitted an amended registration statement to the SEC, planning to launch the Truth Social Bitcoin ETF (ticker BT) and list it on the New York Stock Exchange Arca.

Asset allocation: 70% Bitcoin, 15% US Treasury bonds, 15% cash or equivalents

Partners: A well-known CEX serves as the custodian and liquidity provider, while Yorkville America Digital acts as the sponsor.

Objective: Launch by the end of the year and enter the spot Bitcoin ETF market.

This move will allow the Trump brand to directly enter the ETF competitive landscape dominated by giants like BlackRock, and may attract a unique political and investment group.

Conclusion

Trump has made a profit of 2.4 billion USD in the crypto market since 2022, showing that he has transformed from a crypto skeptic to an active participant, incorporating digital assets into the core of his political and business strategies. As the Bitcoin ETF plan progresses, Trump's influence in the crypto space may further expand, but he will also face stricter regulations and public scrutiny. For more updates on the crypto market and policy developments, please follow the official Gate platform.