President Trump's venture into crypto products has increased his family's wealth by billions in the last six months, according to a new report, as his administration continues to loosen the federal government's regulatory approach to the digital currency industry as a whole.
The group State Democracy Defenders Action estimated in a new report
that the president's crypto holdings now represent nearly 40% of his net worth — or approximately $2.9 billion. That increase is due in part to his release of the $TRUMP and $MELANIA meme coins, in addition to a large stake in World Liberty Financial, a crypto exchange affiliated with the Trump family that launched in October 2024. State Democracy Defenders Action identifies itself as non-partisan, but it is overseen by frequent critics of President Trump, with an agenda focused on "the autocratic threat to our nation."
The president's net worth is expected to get another bump, with World Liberty Financial's announcement this week that a Abu Dhabi-backed firm will invest billions of dollars in the Trump family-affiliated crypto fund. The Emirati firm, MGX, will purchase $2 billion in a stablecoin product offered by World Liberty, the company said in a statement to CBS. The currency, called "USD1" will then be used to invest in Binance, one of the world's largest cryptocurrency exchanges.
World Liberty has ties to the president and his sons.The fine print on the company's website says an entity affiliated with Mr. Trump and his family members own a 60% stake in the company.
According to the company's public reports, a Trump family entity also holds 22.5 billion of the $WLF tokens –- and takes an additional 75% in net revenue from future token purchases.
A federal judge on Friday ruled that an executive order signed by President Donald Trump targeting a law firm that represented his 2016 presidential opponent was unconstitutional.
A spokesperson for the Department of Homeland Security said Chris Krebs is “under active investigation by law enforcement agencies” but declined to say why.
A federal judge has blocked a White House executive order targeting an elite law firm, dealing a setback to President Donald Trump’s campaign of retribution against the legal profession.
President Donald Trump said in a social media post that he is he is renaming Veterans Day, which is celebrated on November 11, as "Victory Day for World War I."
The Army has confirmed there will be a military parade on President Donald Trump’s birthday in June, as part of the celebration around the service’s 250th birthday.
Donald Trump tried to distance himself from the radical rightwing blueprint for government during the campaign but its prescriptions are all over the administration’s agenda
Queens, N.Y.: Rep. Alexandria Ocasio-Cortez, D-N.Y., threw down the gauntlet to Tom Homan on Friday after the border czar previously threatened to refer her to the Justice Department for giving advice to migrants on how to avoid being deported.
Ocasio-Cortez told attendees at a Queens town hall event that she was not afraid of the immigration hard-liners’ words in the wake of her office hosting a "Know your Rights" webinar in February. Homan has suggested her actions might be illegal and may impede Immigration and Customs Enforcement (ICE) from...
An adjunct professor at Harvard spoke out Thursday after the Ivy League university’s president, Alan Garber, apologized as scathing internal reports exposed that antisemitism and Islamophobia were prevalent on campus.
Eugene Litvak, who teaches at the Harvard T.H. Chan School of Public Health, told Fox News Digital in an exclusive interview that one of the nation’s top universities "was not ready" for the anti-Semitic and anti-Islamic behavior that has plagued Harvard since the October 7 Hamas attack on Israel.
Rep. Mikie Sherrill, D-N.J., suggested impeaching President Donald Trump a third time to stop Republicans following the 2026 midterms, as she seeks to become the next governor of New Jersey.
"I think you have to test yourself. I think it’s not enough to take on one tough fight. I think there’s a lot of tough fights going on," Sherrill told supporters during a campaign event at Ridgeway Volunteer Fire Company Station 34 in Manchester Township on April 26, according to the New York Post.
Sherrill, 53, was first elected to the U.S. House in the 2018...
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