Trump’s crypto firm raised $52 million
News on the return of Donald Trump's for-profit presidency
Trump’s crypto firm raised $52 million—likely sending millions to his family, new disclosure reveals
From my latest for Forbes:
“Trump and his family control about 40% of World Liberty Financial, a decentralized finance platform launched in September 2024 that is building a blockchain-based protocol.
On Oct. 15, 2024, World Liberty Financial began selling $WLFI, a crypto token that doesn’t convey ownership in the privately held company but gives holders voting rights on certain matters concerning the protocol, and at launch the tokens were nontransferable.
An SEC filing made at the end of that month revealed World Liberty Financial sold $2.7 million worth of tokens to 348 accredited investors, with plans to sell no more than $30 million overall—keeping all proceeds inside the company with none flowing to Trump or other founders.
But World Liberty Financial disclosed in an SEC filing last week (first flagged by independent journalist Wendy Siegelman) that it sold another $52.1 million of tokens to 1,966 investors—this time distributing $50.7 million to Trump and other founders, rather than retaining all proceeds within the company as in its initial sale.”
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Apologies for yelling, but—
A CHINESE BILLIONAIRE BATTLING CIVIL FRAUD CHARGES IN THE UNITED STATES SAID HE'S HELPING THE US PRESIDENT RAKE IN FOREIGN MONEY OFF A MEMECOIN.
Sun said he’s committed to buying another $100 million of Trump’s meme coin, too.
2017: ‘No new foreign deals’
2025: ‘The Trump train is coming to Eastern Europe🇷🇴’
Trump’s meme coin tried to profit off anniversary of assassination attempt
FIFA starts paying Trump but it’s OK because it’s out in the open
From “Fifa opens office in Trump Tower, deepening ties with US president” by Alexander Abnos for The Guardian:
Fifa’s relationship with the US president, Donald Trump, now has a physically tangible marker, with soccer’s world governing body announcing it has opened an office in Trump Tower in New York City.
The announcement of the new office came on Monday evening, after Fifa placed the Club World Cup trophy on display in the lobby of the skyscraper in an event attended by several Fifa dignitaries including its president, Gianni Infantino, and the Brazilian great Ronaldo as well as Eric Trump, the son of the US president and executive vice-president of the Trump Organization.
Other Trump Organization news
“The ‘Trump Pump’: How Crypto Lobbying Won Over a President” by David Yaffe-Bellany and Kenneth P. Vogel for The New York Times
“I’m calling BS on the NYT’s whitewashing of this crypto bribery scheme. This isn’t legal. Sure: Trump’s corrupt Justice Department won’t prosecute anyone who bribes Trump. But that does not make the bribes legal.” – Washington University in St. Louis Law School professor Kathleen Clark
“Plans being drawn up for potential Donald Trump UK visit in ‘coming weeks’: Sources have suggested to Sky News the US president is likely to touch down in Scotland to visit his golf courses at the end of July or beginning of August.” by Connor Gillies for Sky News
Tate brother Tristan took a break from his busy schedule to plug Trump’s defi $WLFI token.
It appears Fox News paid Lara Trump to interview her father-in-law.
Trump Media has started beta testing a Patriot Package premium subscription on its Truth+ streaming platform, per a new SEC filing. It features “premium, non-woke news channels” and includes a crypto component.
“An Austrian billionaire who allegedly once worked with East German Stasi spies links to a network tied to several Trump family deals” by Wendy Siegelman for NewsTRACS
Trump Media announced on Tuesday it filed a registration with the SEC for the Truth Social Crypto Blue Chip ETF.
“Top Trump Adviser Sergio Gor Was Born in the Soviet Union” by Jacob Borg for The Times of Malta and Misha Gagarin and Kevin G. Hall OCCRP. Gor co-founded Winning Team Publishing with Donald Trump Jr., which has paid the elder Donald Trump millions for books that largely consist of other people’s work.
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