Trump’s Crypto Empire Is Crashing — and His Followers Are Paying the Price
Since taking office, US President Donald Trump and his family have dived headfirst into a wave of crypto-focused business ventures, briefly seeing their wealth surge on the back of these deals. But that momentum has faded.
Today, both the Trump family’s gains —and those of their most devoted supporters— have been wiped out as market volatility intensifies.
Trump’s crypto ventures have become recognizable fixtures across the industry.
They began with the launch of a namesake meme coin, quickly followed by a nearly identical token from First Lady Melania Trump. Then came World Liberty Financial. Eric Trump also stepped in through the Bitcoin mining company Hut 8.
At this point,…
