Trump wants to build"Crypto Monopoly"?
Looking back on Trump's encryption journey, we have to start with digital cards. In June 2021, Trump at the time also advocated the "great dollar theory", denounced cryptocurrencies as a "scam" that affects the value of the dollar, and said that cryptocurrencies should be strictly regulated. But in less than a year and a half, Trump has realized the law of true fragrance.
But Trump doesn’t care about the market, he only cares about the actual benefits. Shortly afterwards, Trump released the third seriesMugShot Edition NFT, which was even more outrageous this time, with a total of 100,000 pieces, and the price did not increase with the increase in quantity. It also launched special rights and interests. Spending $10,000 can be invited to the reception, and a unique Ordinal digital trading card limited to 200 pieces is also included. It is precisely because of this series that Trump’s subsequent "making NFT hot again" was launched. Simply calculated, with only three sets of NFT combination punches, the Trump team attracted $19 million, and according to its financial disclosures, the actual profit of NFT has reached millions of dollars.
Just as Trump talked about the future of stablecoins at the first White House Crypto Summit, the family business took action. On March 25, WLFI announced the launch of a stablecoin called USD1, which is pegged to the US dollar and 100% backed by the US government's short-term Treasury bonds, US dollar deposits and other cash equivalents. USD1 will be minted on the ETH and BSC blockchains, and plans to expand to other protocols in the future. USD1 reserves will be hosted by BitGo. As of now, according to CoinGecko data, USD1 transaction volume has exceeded US$44.91 million.
Due to the unlocking problem, the actual profit is not as huge as imagined. From the perspective of token distribution,TRUMP has a total supply of 1 billion, but only 200 million will be circulated initially, and the remaining 800 million are expected to be unlocked linearly within 3 years. Two subsidiaries of the Trump Group occupy an absolute share. Trump's companies CIC Digital LLC and Fight Fight Fight LLC will own 80% of the TRUMP tokens, with a lock-up period of 3-12 months and unlocking within the next 24 months. The current book value profit is approximately US$6.344 billion.
It has been mentioned before,Trump's business philosophy adheres to the principle of traffic monetization. The currency circle, which has always been traffic-oriented, is obviously very consistent with its business characteristics. Under the blessing of its own controllable policies, Trump can continue to raise the currency market by releasing favorable conditions, and can also directly use his influence to cut into the most profitable and policy-promising fields. This is undoubtedly an alternative political corruption and insider trading. Looking at its layout in the field of encryption, it is all before and after the government releases signals, the family team quickly follows up, and interest groups are also formed. A typical example,One of the co-founders of WLFI is Zach Witkoff, who is also the son of Steve Witkoff, the Trump administration's special envoy for the Middle East.
It seems that Trump's policies are ironclad, but arbitrary supervision can easily trigger political conflicts, especially in the current complex political situation in the United States, where there is a possibility of regulatory backlash.The investment banksaid today that the Trump family's crypto business (including the planned stablecoin) may trigger a backlash and delay the US regulatory process. Although lawmakers are accelerating crypto regulations, political risks are rising.
It is obvious to the naked eye that the Trump family has not stopped making profits. Less than half a year after taking office, the accounts have already raked in billions of dollars. After four years in office, how much more money will they make? The evaluation of his governing ability has not yet begun, and the president who is best at making money in the United States seems to have been born.
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