US President Donald Trump and his family have shown a keen interest in exploring almost every corner of the crypto industry.
Initiatives include Non-Fungible Tokens (NFTs) and digital collectibles, a proposed decentralized finance (DeFi) stablecoin project, a Bitcoin mining venture, and two memecoins representing the President and his wife, Melania Trump.
Their combined total is approaching $1 billion in profits even after taking into account the latest round of market movements due to the recent trade war.
Donald Trump is officially the richest US president even without counting his crypto holdings, which are large investments in real estate.
During his first election in 2016, Trump’s lawyers were entrusted with handling his business and were managed by his two sons and the former CFO of his real estate company, Allen Weisselberg.
Donald Trump’s deep interest in the digital asset industry grew significantly and greatly benefited his re-election campaign with executive orders and the appointment of a crypto advocate.
In his second term, Trump signed executive orders to back his promise to make the United States the crypto capital of the world.
He also appointed David Sacks and Bo Hines to represent industry interests, as well as continuing to promote his memecoin through posts on the Truth Social platform.
