Trump's first hundred days of wealth accumulation, the Senate wants a thorough investigation.

According to U.S. ethics watchdogs, Democratic lawmakers and cryptocurrency analysts, the two cryptocurrency investments held by Trump-affiliated entities alone have made at least $300 million in fees since January through digital token transactions such as meme coins. This article is based on Josh Meyer's article "How much money did Trump make in first 100 days?" Crypto deals raise questions", collated, compiled, and rewritten by BitpushNews. (Synopsis: Trump choked "the most self-fattening president in history": two crypto dinners in May, 1.5 million magnesium for seats) (Background supplement: New York Times long article: dig up the Trump family's "crypto blood earning plan" from scratch) US President Donald Trump was asked on his second day in office whether he would continue to profit from personal business activities, after his "Trump Meme Coin" ($TRUMP) market value soared to $20 billion. "I don't know much about it, except that I launched it. I heard it was successful," Trump replied, "I haven't checked it yet." How much is it worth now? "You've made a lot of money, sir," the reporter pressed, "and it seems like billions of dollars in the last few days." "Billions? It's just small money for these guys," Trump said, pointing to a group of tech billionaires at the White House event. Trump has never made it clear whether he will stop using his presidency for profit — historians note that almost all previous U.S. presidents have pledged to avoid such behavior. Huge returns raise questions According to U.S. ethics watchdogs, Democratic lawmakers and cryptocurrency analysts, two cryptocurrency investments held by Trump-affiliated entities alone have made at least $300 million in fees since January through digital token transactions such as memecoins. Analysts point out that the bigger potential profits come from the share of memes held by Trump entities and other Trump-themed cryptocurrency investments. Last week, another Trump family's cryptocurrency project, World Liberty Financial, announced that its digital token issue was used by Abu Dhabi Investment to inject $2 billion into Binance. Democratic lawmakers and analysts say the deal has a conflict of interest and could generate at least $27 million a year for "free finance in the world." At the same time, the Trump administration deregulated the cryptocurrency industry and dissolved a Department of Justice department aimed at combating crypto fraud. Cryptocurrencies aren't Trump's only source of funding since returning to the White House. Experts say the president also profits from real estate, its Truth Social platform and a range of branded merchandise. Fred Wertheimer of Democracy 21, a nonprofit accountability group, said: "It is extremely difficult, if not impossible, to find an exact number now." "I don't think it's an accident." "Presidents have been bragging for years about how many billions they have, but as president, it's different," Wertheimer said. "He didn't hide all the business activity, but he certainly didn't report what was happening." Senator Richard Blumenthal, the top Democratic member of the Senate Permanent Investigation Subcommittee, told USA Today that he is investigating profits during Trump's presidency. Cryptocurrency businesses — including a digital meme coin celebrating Trump's evasion of dark SHA attempts in July 2024 — will be key to Blumenthal's investigation. He said Trump "makes money by trading because transactions incur fees, and also through his promotion or inducement of sales that cause the price of tokens to rise." Blumenthal, a former Connecticut attorney general, said, "Whether it's tens of millions or hundreds of millions of dollars, it needs to be investigated and confirmed, but the shamelessness of this behavior is shocking, ridiculous, and potentially threatening national security." Blumenthal said he is particularly concerned that the opaque nature of cryptocurrency trading makes it nearly impossible to determine how much Trump has profited — and who might seek influence by buying Trump tokens. That could pose a national security threat, he said, allowing foreign governments to make Trump rich — and gain his favor — without the public's knowledge. A White House spokesman denied this, saying there was no conflict of interest for the president because his assets were controlled by his children. A spokesperson for World Liberty Financial, a crypto company controlled by the Trump family, told USA Today that the company "has nothing to do with politics." Sneakers, Bibles – and digital currencies Compared with his first term, Trump has reversed the convention of limiting the commander-in-chief's use of power to profit. In addition to meme coins and other cryptocurrencies, Trump and its business partners promote dozens of branded merchandise, including Trump sneakers and Trump's autographed Bibles. According to Cryptopolitan and other crypto industry trackers, Trump is also fully committed to digital artwork, known as non-fungible tokens (NFTs), selling "Trump Bitcoin digital trading cards," including more than 100 new collectibles released in January 2025. "Private Private Dinner" for TRUMP Investors On April 23, one of a number of private companies linked to Chuan's family, it raised the ante by offering "the world's most exclusive invitation" to existing and new buyers of $TRUMP MeCoin. According to the U.S. Securities and Exchange Commission (SEC), a meme coin is a crypto asset inspired by internet memes, personas, or trends, "where the promoter tries to attract an enthusiastic online community to buy the meme coin and participate in its transactions." "In this respect, meme coins resemble collectibles," the SEC said. "Meme coins usually have limited or no functionality." $TRUMP Meme Coin is advertised as "the only official Trump meme, produced by President Donald J. Trump." However, the "fine print" in its disclaimer reminds that the coin is "intended as an expression of support and participation in the ideals and beliefs embodied in the $TRUMP symbol" and is "not intended to be, or become, an investment opportunity, investment contract or security of any kind". According to the disclaimer, the Trump Group's affiliate CIC Digital LLC and a company called Fight Fight LLC jointly own 80% of $TRUMP menetcoins. According to an announcement on $TRUMP Memecoin's official website, the top 220 investors will win an "intimate private dinner" with the president on May 22 at the Trump Northern Virginia Golf Club. The top 25 Trump Meme investors were promised an "ultra-VIP experience, including a private reception with the president and a guided tour of the White House." According to Finance Magnates and other crypto trackers, $TRUMP memecoin soared by as much as 80%, increasing its value by more than $100 million. According to Chainalysis spokesperson Jorah Huntington, USA ...