Latest news with #GovernmentEthics
India.com
16 hours ago
- Business
- India.com
US President Donald Trump Earned Nearly $57.4 Million From Crypto Venture In 2024
New Delhi: US President Donald Trump made nearly $57.4 million in 2024 from his cryptocurrency company, World Liberty Financial (WLF), according to a new government report. The earnings were revealed in a 234-page official US Government Ethics report released for the year ending December 31, 2024. The report stated that Trump earned this income through 'token sales' from the company, which is involved in the cryptocurrency business. The 79-year-old Republican is listed as the Co-Founder Emeritus of WLF, while his sons -- Eric Trump, Donald Trump Jr., and Barron Trump -- are also co-founders of the venture. The company was co-founded by Trump and Steven Witkoff, a well-known American real-estate investor and lawyer. According to the filing, Trump mainly owns the WLFI protocol and governance platform. He also controls the token treasury, digital wallets, and the intellectual property of the company. The document noted that as of the end of 2024, he had certain service agreements with the original founders of World Liberty Financial. The asset was listed under Miami, Florida. World Liberty Financial runs a stablecoin called the World Liberty Financial Token (USD1), which is tied to the US dollar. As of Sunday, June 15, 2025, the token was trading 0.35 per cent higher at $1, according to CoinMarketCap. According to exchange data, the token reached its all-time high of $1.01 on May 12, 2025, while its lowest level was $0.991 on April 16, 2025. The company claims that its mission is to make financial services more accessible by using open, blockchain-based infrastructure. 'Our goal is to create a fairer system where opportunity isn't limited by location, status, or permission,' says the WLF website. World Liberty Financial earns money through the sale of its token USD1 and other related products. Additionally, in March 2025, President Trump signed an executive order to create a 'Strategic Bitcoin Reserve and a US Digital Asset Stockpile' as part of his push to position the United States as a global leader in digital asset strategy.
Hans India
17 hours ago
- Business
- Hans India
Donald Trump earned nearly $57.4 million from crypto venture in 2024
US President Donald Trump made nearly $57.4 million in 2024 from his cryptocurrency company, World Liberty Financial (WLF), according to a new government report. The earnings were revealed in a 234-page official US Government Ethics report released for the year ending December 31, 2024. The report stated that Trump earned this income through 'token sales' from the company, which is involved in the cryptocurrency business. The 79-year-old Republican is listed as the Co-Founder Emeritus of WLF, while his sons -- Eric Trump, Donald Trump Jr., and Barron Trump -- are also co-founders of the venture. The company was co-founded by Trump and Steven Witkoff, a well-known American real-estate investor and lawyer. According to the filing, Trump mainly owns the WLFI protocol and governance platform. He also controls the token treasury, digital wallets, and the intellectual property of the company. The document noted that as of the end of 2024, he had certain service agreements with the original founders of World Liberty Financial. The asset was listed under Miami, Florida. World Liberty Financial runs a stablecoin called the World Liberty Financial Token (USD1), which is tied to the US dollar. As of Sunday, June 15, 2025, the token was trading 0.35 per cent higher at $1, according to CoinMarketCap. According to exchange data, the token reached its all-time high of $1.01 on May 12, 2025, while its lowest level was $0.991 on April 16, 2025. The company claims that its mission is to make financial services more accessible by using open, blockchain-based infrastructure. 'Our goal is to create a fairer system where opportunity isn't limited by location, status, or permission,' says the WLF website. World Liberty Financial earns money through the sale of its token USD1 and other related products. Additionally, in March 2025, President Trump signed an executive order to create a 'Strategic Bitcoin Reserve and a US Digital Asset Stockpile' as part of his push to position the United States as a global leader in digital asset strategy.
South China Morning Post
11-05-2025
- Politics
- South China Morning Post
Trump to accept luxury jet from Qatar for possible use as Air Force One: reports
US President Donald Trump reportedly is set to accept a luxury Boeing 747-8 jumbo jet as a gift from the ruling family of Qatar during his trip to the Middle East this coming week, and US officials say it could be converted into a potential presidential aircraft. Advertisement ABC News reported that Trump will use the plane as a new version of Air Force One until just before he leaves office in January 2029, when ownership will be transferred to the foundation overseeing his yet-to-be-built presidential library. The gift is expected to be announced when Trump visits Qatar as part of a trip that also includes stops in Saudi Arabia and the United Arab Emirates, the first extended foreign travel of his second term. The Qatari government did not immediately respond to a request for comment. Administration officials, anticipating questions about the president accepting such a large gift from a foreign government, have prepared an analysis arguing that doing so would be legal, according to ABC. The Constitution's Emoluments Clause bars anyone holding government office from accepting any present, emolument, office or title from any 'King, Prince, or foreign State', without congressional consent. Advertisement One expert on government ethics, Kathleen Clark of the Washington University School of Law in St Louis, accused Trump of being 'committed to exploiting the federal government's power, not on behalf of policy goals, but for amassing personal wealth'.
