Connect with us

Hi, what are you looking for?

Regulation

Bernie Sanders Alleges Trump”s Wealth Surge Tied to Cryptocurrency Ventures

Bernie Sanders claims Donald Trump”s net worth surged to over $6.3 billion, primarily from crypto ventures.

U.S. Senator Bernie Sanders has expressed alarm over the substantial increase in President Donald Trump”s personal wealth, attributing the surge largely to investments in cryptocurrency. According to Sanders, Trump”s net worth has escalated from approximately $2.1 billion to over $6.3 billion since he took office, highlighting a troubling disparity as many Americans face economic hardships.

This remarkable growth, nearly a tripling of wealth, is documented in estimates from Forbes, which show Trump”s financial standing rising about 273% from 2020 to 2025. Much of this increase is reported to have occurred after the 2024 election, with Trump”s wealth reportedly peaking around $6.6 billion to $6.7 billion by January 2025.

Investigations by Reuters indicate that various crypto-related initiatives linked to the Trump family have significantly contributed to this financial boom. One notable venture is World Liberty Financial, a cryptocurrency company associated with Trump. It is alleged that this project raised over $1 billion, with the Trump family set to receive a substantial portion of those earnings.

In the first half of 2025 alone, more than $800 million was reportedly generated from crypto asset sales. These figures suggest that a considerable fraction of the funding for Trump-related crypto initiatives originated from international investors, with around 70% of the involved wallets being foreign-owned.

Critics, including Senator Elizabeth Warren, are calling for a thorough investigation into the cryptocurrency platforms connected to Trump, citing potential national security threats linked to decentralized finance (DeFi) activities. In a recent letter addressed to the Justice Department and the Treasury, Warren urged that platforms such as PancakeSwap and World Liberty Financial must be closely scrutinized to prevent risks like money laundering or the financing of terrorism.

As the cryptocurrency landscape continues to evolve, the implications of these developments on the broader financial system and regulatory environment are becoming increasingly significant. The intersection of politics and emerging technologies like cryptocurrency raises essential questions about governance and ethical leadership.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.