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Trump Family Amasses $5B Fortune After Crypto Launch

35 points by throw0101d 1y ago

aurareturn 1y ago
He's a crypto grifter. It's sad that we're allowing crypto back into mainstream because the president wants to sell shitcoins and NFTs.
- throw0101d 1y ago
  It is ironic that a grifter would give cryptocurrencies a bad name. (semi-/s) All the folks that want cryptocurrencies to be more accepted as legitimate financial vehicles should be up in arms about this. The crypto-skeptics of course see this as more evidence confirming their point of view.
  - onetokeoverthe 1y ago
    [dead]
- hellojesus 1y ago
  He's not just selling for the fun of it. He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner. It's textbook corruption in plain sight for all to see. As Schiff said when this went down, approximately around the doge peak: the only thing he's doing more efficiently than biden is facilitating corrpution.
  - throw0101d 1y ago
    > He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner. Mar-A-Lago initiation fees went from $100K to $1000K/$1M after he became President (again). The New Yorker recently released a article/video "How Much Money Is Trump Profiting from the Presidency?": * https://www.youtube.com/watch?v=cpOE3aAt8XU https://www.youtube.com/watch?v=cpOE3aAt8XU * https://www.newyorker.com/magazine/2025/08/18/the-number https://www.newyorker.com/magazine/2025/08/18/the-number
throw0101d 1y ago
https://archive.today/https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launch-567faec5 https://archive.today/https://www.wsj.com/finance/currencies... https://archive.ph/sCpAy https://archive.ph/sCpAy
codingdave 1y ago
The title doesn't make it clear (though the article does state it immediately)... this is on paper only. If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money.
- throw0101d 1y ago
  > If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money. If they cash in all at one that may happen. If they 'DCA' themselves out over a period of 2-3 years (before 2028) then a crash is less likely to occur.
  - rcxdude 1y ago
    It's a memecoin, there's basically zero chance the price will stay high that long.
    - ceejayoz 1y ago
      That’s what I thought about $TSLA, but here we are.
    - cowboylowrez 1y ago
      its a trump memecoin, it has one job and its doing it.
- ceejayoz 1y ago
  > If they cash in, they crash their own market… Not if someone on the other end props it up. There are plenty of foreign governments for whom $5B to buy a big favor from POTUS would be a no-brainer.

35 points by throw0101d 1y ago

He's a crypto grifter. It's sad that we're allowing crypto back into mainstream because the president wants to sell shitcoins and NFTs.

throw0101d 1y ago
It is ironic that a grifter would give cryptocurrencies a bad name. (semi-/s) All the folks that want cryptocurrencies to be more accepted as legitimate financial vehicles should be up in arms about this. The crypto-skeptics of course see this as more evidence confirming their point of view.
- onetokeoverthe 1y ago
  [dead]
hellojesus 1y ago
He's not just selling for the fun of it. He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner. It's textbook corruption in plain sight for all to see. As Schiff said when this went down, approximately around the doge peak: the only thing he's doing more efficiently than biden is facilitating corrpution.
- throw0101d 1y ago
  > He sold his own shitcoin in a scheme where the highest bidder got direct access to him at a dinner. Mar-A-Lago initiation fees went from $100K to $1000K/$1M after he became President (again). The New Yorker recently released a article/video "How Much Money Is Trump Profiting from the Presidency?": * https://www.youtube.com/watch?v=cpOE3aAt8XU https://www.youtube.com/watch?v=cpOE3aAt8XU * https://www.newyorker.com/magazine/2025/08/18/the-number https://www.newyorker.com/magazine/2025/08/18/the-number

throw0101d 1y ago

https://archive.today/https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launch-567faec5 https://archive.today/https://www.wsj.com/finance/currencies... https://archive.ph/sCpAy https://archive.ph/sCpAy

codingdave 1y ago

The title doesn't make it clear (though the article does state it immediately)... this is on paper only. If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money.

throw0101d 1y ago
> If they cash in, they crash their own market, so while this is 100% corrupt and problematic... they aren't going to ever see that money. If they cash in all at one that may happen. If they 'DCA' themselves out over a period of 2-3 years (before 2028) then a crash is less likely to occur.
- rcxdude 1y ago
  It's a memecoin, there's basically zero chance the price will stay high that long.
  - ceejayoz 1y ago
    That’s what I thought about $TSLA, but here we are.
  - cowboylowrez 1y ago
    its a trump memecoin, it has one job and its doing it.
ceejayoz 1y ago
> If they cash in, they crash their own market… Not if someone on the other end props it up. There are plenty of foreign governments for whom $5B to buy a big favor from POTUS would be a no-brainer.