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Trump family's net worth has increased by $2.9 billion thanks to crypto investment

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, May 5, 2025.

  1. G8trGr8t

    G8trGr8t GC Hall of Fame

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    The media needs to stop pretending about Trump's 'conflicts' | Opinion

    Words matter. When the media points out Trump’s “potential conflicts of interest,” as it has in recent days when describing Trump’s growing crypto enterprise, it doesn’t come close to telling the public what’s really going on — unprecedented paybacks and self-dealing by the president of the United States, using his office to make billions.

    The correct word is corruption. Trump holds a private dinner at the White House for major speculators who purchase his new cryptocurrency, earning him and his allies $900,000 in trading fees in just under two days. One senator calls this “the most brazenly corrupt thing a president has ever done.”
    ..............................................
    To describe these as “potential conflicts of interest” misses the point. A “potential conflict of interest” sounds like an unfortunate situation in which it’s possible that Trump might choose his own personal interest over the nation’s. Stated this way, the problem is the conflict.

    But Trump isn’t conflicted. He repeatedly chooses his (and his family’s) interests over the nation’s. He is using the authority and trappings of the presidency of the United States to make money for himself and his family. And in his second term, this corruption is more flagrant than it was in the first.
     
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  2. G8trGr8t

    G8trGr8t GC Hall of Fame

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    Trump’s White House dinner tonight costs $1.5M to attend, and he might not even show up

    President Donald Trump is hosting a dinner at the White House tonight that costs $1.5 million per person, and he might not even make it.
    The event, called the “Crypto & AI Innovators Dinner,” is being held by MAGA Inc., a super PAC raising funds for Trump, who is already back in office.

    The event features David Sacks, a tech investor who’s been advising on crypto and AI policy from inside Washington. This is the first of two blockchain-linked events Trump has scheduled this month, and both are pulling in big money.

    The PAC hasn’t said what it plans to do with the millions it’s collecting, and Trump, despite being president again, is using outside channels to gather political support and cash. The terms of the event clearly state that it can be canceled “for any reason,” and if that happens, attendees will walk away with a Trump NFT instead of a dinner.
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    Later this month, on May 22, Trump will hold another dinner — this time not for fiat-rich donors, but for holders of the $TRUMP meme coin. That event will take place at Trump National, the president’s private club in the Washington, D.C. area. The guest list won’t be curated by campaign staff or lobbyists, but by a blockchain leaderboard controlled by the coin’s creators. The contest to win a seat runs through May 12, and only the top 220 token holders will get a spot at the table.
     
  3. gator_jo

    gator_jo GC Hall of Fame

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    ^^ Monetizing White House dinners for personal gain is good now. Dontcha know?
     
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  4. G8trGr8t

    G8trGr8t GC Hall of Fame

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    are they finally going to wake up?

    Congress erupts over Trump's billion-dollar crypto deal

    A $2 billion crypto deal involving President Trump's family and a foreign government is threatening to derail bipartisan stablecoin legislation that Congress has been working on for months.

    Why it matters: Democrats see the potential for gob-smacking corruption in Trump's lucrative crypto projects, which they consider to be the clearest conflicts of interest in a sea of new business ventures launched by the president and his inner circle.
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    Democrats have long accused Trump and his family of profiting from the presidency. But on two particularly brazen crypto projects, Trumpworld may have flown too close to the sun.

    1. The official website for Trump's meme coin invited its top 220 investors to an "intimate private dinner" with the president later this month, with a "VIP White House Tour" offered to the top 25 holders. References to the White House were later scrubbed from the website.
    2. World Liberty Financial, the Trump family's crypto venture, announced that an Emirati state-backed venture fund would use World Liberty's new stablecoin to complete a $2 billion investment in crypto exchange Binance.
     
  5. gator_jo

    gator_jo GC Hall of Fame

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    There's been just one to make a run at fake 'whataboutism', but we haven't see a lot of Trump supporters in here to disavow this overt and flagrant corruption.

    Are they just taking their time on this, or going the same silent route they did on the January 6 attacks? Seems pretty weird the criminality that they'll support these days all along from him.
     
  6. vaxcardinal

    vaxcardinal GC Hall of Fame

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    history says they will either do nothing or they will do something that leaves a loophole in there for some to take advantage of.
     
  7. G8trGr8t

    G8trGr8t GC Hall of Fame

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    nothing to see here..

    Group of Traders Made $100M on Melania Memecoin Before It Went Public

    A small group of crypto traders made nearly $100 million by buying Melania Trump’s memecoin minutes before it went public, research by the FT has shown. The first lady’s $MELANIA coin was unveiled on Jan. 19, the day before her husband was sworn in as president. It followed a similar move by Trump himself, who launched his own $TRUMP coin several days prior.

    But analysis shows that in the two and a half minutes between the currency going live and Melania officially unveiling it to the public on Truth Social, two dozen digital wallets purchased tokens worth $2.6 million. Following Melania’s announcement the price of the coins surged rapidly by over 5000 percent and most of the wallets that had purchased the cryptocurrency immediately sold off their holdings, with around 81 percent of traders selling the coin within 12 hours for massive profit.

    One of the wallets, the FT reports, purchased $681,000 of $MELANIA 64 seconds before the announcement was made public. Within 24 hours, the same account sold the majority of their stock for $39 million when the surge was at its highest, before dumping the rest and making an additional $4.4 million over the next three days.
     
  8. citygator

    citygator GC Hall of Fame

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    "Corruption rules but does it have to be so obvious" - Jersey

    Gatorknights would have a good post here too about real estate corruption.
     
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  9. gator_jo

    gator_jo GC Hall of Fame

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    The criminality and grift continues. Republicans and MAGA remain silent and complicit.

    Looks like we might possibly have an idea on why Trump totally capitulated on his China tariffs; a CCP-funded crypto gift/grift.


    Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency



    A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump.

    GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.
     
  10. G8trGr8t

    G8trGr8t GC Hall of Fame

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    Trump is hosting a dinner for the biggest buyers of his memecoin. The guest list is now set—and many of the winners are foreign nationals

    While the leaderboard is public, the identity of each winner—obscured by pseudonymous blockchain addresses—is not. But an analysis by Fortune revealed that 18 out of these top 25 holders have interacted with Binance, a foreign crypto exchange that excludes Americans, meaning they are likely foreign nationals.
    Meanwhile, some of the winners—the top 25 of whom are entitled to attend an “ultra-exclusive private VIP Reception”—have publicly identified themselves or been identified by a crypto analytics firm. Here are three guests slated to go to the “Gala Dinner,” which critics have lambasted as an unprecedented example of corruption.

    With more than $18 million in Trump’s memecoin, according to Monday prices, the top spot on the leaderboard is identified simply by the name “SUN.” The crypto analytics firms Arkham Intelligence and Nansen have said that the wallet is linked to HTX, a crypto exchange for which the billionaire Justin Sun [COLOR=var(--enabled-active-emph)]serves
    as global adviser. [/COLOR]
    The billionaire is a controversial figure in the crypto industry. Born in China, Sun founded Tron, a blockchain that hosted 58% of all illicit activity in crypto in 2024, according to a [COLOR=var(--enabled-active-emph)]report from crypto analytics firm TRM Labs. (Illicit crypto volumes on Tron, however, declined by $6 billion from the year prior.)[/COLOR]
    Sun has found himself in the midst of numerous crypto debacles. Most recently, he allegedly [COLOR=var(--enabled-active-emph)]pushed crypto trade outlet CoinDesk to spike a story on how the crypto billionaire bought and ate a $6.2 million banana.[/COLOR]
     
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  11. gator_jo

    gator_jo GC Hall of Fame

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    ^ A criminal will be hosting criminals in the White House, in exchange for crypto grift?

    Who would have imagined?
     
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  12. G8trGr8t

    G8trGr8t GC Hall of Fame

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    And the Senate and HOR will remain silent.

    Does an individual or a state have standing to challenge congress for failing to enforce the emoluments clause?
     
  13. gatordavisl

    gatordavisl GC Hall of Fame

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    Thanks for repin' our fallen brother. Knights was a good one.
     
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  14. mikemcd810

    mikemcd810 Premium Member

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    Someone tried to track down more information on the company that invested $100 million in Trump's crypto venture and turns out the company may not exist:

    https://www.thenation.com/article/archive/trump-crypto-world-liberty-financial-aqua-1-foundation/

    On June 26, a Dubai-based company called Aqua 1 Foundation announced a $100 million investment in World Liberty Financial, the crypto company closely affiliated with the families of President Donald Trump and Steve Witkoff, the Trump administration’s Middle East diplomatic envoy. As is typical for these kinds of deals, Aqua 1 was buying $100 million worth of $WLFI, a crypto token created by World Liberty Financial. According to the terms of the agreement between Trump and World Liberty Financial, Trump receives 75 percent of the revenue from token sales, meaning that the president was now possibly $75 million richer. And Aqua 1 Foundation—whose existence was completely unknown before it published its June 26 press release—had become one of the largest benefactors for Trump’s crypto businesses, outspending Tron founder Justin Sun, who put $75 million into $WLFI and about $19 million into $TRUMP, the president’s memecoin. (The Securities and Exchange Commission announced shortly after that purchase that it was pausing its multibillion-dollar fraud case against Sun.)

    In the annals of Donald Trump’s crypto corruption, the $100 million Aqua 1 Foundation deal stands out for more than just its size: There’s very little evidence that Aqua 1 Foundation exists at all. The Aqua 1 website, which was registered on May 28, 2025, contains no information about the company beyond some fintech buzzwords and an e-mail address. The company’s original X account was suspended, as was an account for an apparently affiliated company called BlockRock RWA (“RWA” refers to the practice of creating blockchain tokens for “real world assets”). Searching public databases, including of businesses in the United Arab Emirates, I’ve been unable to find any corporate registration, official filings, or other documents attesting to the existence of World Liberty Financial’s newest and biggest investor.

    The only person who has been publicly identified in connection with Aqua 1 Foundation is a man named Dave Lee, who claims to have cofounded the company. On Lee’s X account, which was registered in December 2023 and has a cartoon avatar, he’s only posted a handful of times, with all of the messages appearing after June 27, 2025. He lists his location as “São Paulo-NY-HK-Abu Dhabi” and responded to one questioner in Portuguese. And that is where the trail ends. I’ve been unable to find any other social media or professional profiles associated with a Dave Lee in his capacity as leader of what is supposed to be a very well-heeled Middle Eastern crypto fund doing business with the first family.
     
  15. g8orbill

    g8orbill Old Gator Moderator VIP Member

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    the left still looking and hoping for something they can use to take Trump down- makes me laugh
     
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  16. VAg8r1

    VAg8r1 GC Hall of Fame

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    While Hunter Biden did make millions, a small fraction of what the Trump crime family earned by the way, scamming Ukrainian and Chinese interests by creating the impression that he could influence policy through his father there is absolutely no evidence that he actually did so and there is no evidence that Joe Biden ever benefited. A big deal was made of conversations between Hunter and Chinese interests discovered on his laptop in which he implied that he could influence "the big guy". At the time of those conversations (2018) Joe Biden was out of office and the Republicans controlled the House, Senate and the Presidency. There was no way that Old Joe could have influenced policy even if he wanted to. In contrast the people who have enriched the Trump family received a significant return on their investments in the Dear Leader and the boys (Don Jr and Eric).
     
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  17. VAg8r1

    VAg8r1 GC Hall of Fame

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    While it probably still wouldn't result in the removal of Trump from office thanks to sycophants in the Republican Party if the Democrats regain control of the House impeachment no 3 is a virtual certainty. If today's Republican party had the integrity of the Republican Party of 1974 the chances are that Trump would end up going the way of Richard Nixon. Unfortunately for the country and fortunately for the Dear Leader Trump will almost certainly serve his full term.
     
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  18. tampajack1

    tampajack1 Premium Member

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    You have quite a sense of humor.
     
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  19. okeechobee

    okeechobee GC Hall of Fame

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  20. VAg8r1

    VAg8r1 GC Hall of Fame

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    Kind of like what Trump did when he was in the private sector when he managed Trump Hotels and Casino Resorts into bankruptcy screwing the company's shareholders while paying himself an estimated $40 to $80 million in total compensation. What you're saying is that enriching one's self and one's family through corruption and flagrantly violating the Emoluments Clause of the Constitution is an indication that Donald and the boys are smart. Got it. Maybe you're right. Getting away with corruption and monetizing the presidency maybe an indication that they are smart.