Laura Barrón-López:
According to recent estimates, the Trump family and its partners have made some $320 million in trading fees since the president’s meme coin launched. Four months into his second term, Trump and his family are rapidly finding new ways to potentially profit off of the presidency.
If foreign governments or wealthy individuals want to curry favors with the president, there are four main avenues for them to do it, cryptocurrency, new real estate deals, Trump Media, which runs the president’s social media app TRUTH SOCIAL, or direct payments at social clubs, hotels, and golf courses run by the Trump family.
In addition to the president’s meme coin, Eric and Donald Trump Jr., alongside Zach Witkoff, the son of Trump’s Middle East envoy, are leading the Trump family’s crypto firm known as World Liberty Financial.