INSUBCONTINENT EXCLUSIVE:
US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio
in a matter of months, thanks to ventures connected to the cryptocurrency industry
due to windfalls from his family-backed crypto business World Liberty Financial and his personal memecoin, Official Trump (TRUMP)
Though the bulk of his net worth comprised stakes in his media venture, Trump Media and Technology Group, and real estate, crypto ventures
Source: BloombergTrump and his three sons reportedly earned $390 million through the $550 million in token sales at World Liberty Financial,
The business also could have netted $100 million following a $2 billion deal in which Abu Dhabi-based investment firm MGX used the
However, millions of TRUMP tokens are set to be gradually unlocked over the next three years, and it remains unclear whether the president
will be entitled to claim additional tokens.Related: Trump discloses $57M crypto windfall from World Liberty FinancialIn addition to World
and Eric Trump, own 20% in American Bitcoin, a subsidiary of crypto mining firm Hut 8
The company reported in June that it had raised $220 million for equipment and Bitcoin (BTC) investments
to the crypto industry have caused many Democratic lawmakers in the House of Representatives and the Senate to propose legislation to
specifically bar any US president, vice president, member of Congress and their families from promoting or owning digital assets.With
Democrats in the minority in both chambers, the amendments to existing legislation or standalone bills have not had enough support from
Republicans to pass, but lawmakers do not seem to be shying away from continuing to bring up the issue.As recently as the Senate debate over
