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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 131 (from laksa140)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa131.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.commondreams.org/news/trump-crypto-net-worth\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.commondreams.org/news/trump-crypto-net-worth\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.commondreams.org\/news\/trump-crypto-net-worth","crawl_time":1775483792,"first_indexed_time":1754936446,"http_code":200,"src_unparsed":"org,commondreams!www,\/news\/trump-crypto-net-worth s443","src_root_hash":"986588385344903931","history_drop_reason":null,"meta_title":"Most of Trump's Net Worth Comes From 'Crypto Empire': Report | Common Dreams","meta_descriptions":["As Trump moves to dramatically de-regulate cryptocurrency, a report by Accountable.US finds that he is profiting far more from his personal \"crypto empire\" than previously reported, and that crypto now makes up the majority of his net worth."],"attrs_boilerpipe_text":"Over his nearly seven months as president, the administration of U.S. President\nDonald Trump\nhas been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why.\nThe president may be profiting far more from his \"rapidly-growing crypto empire\" than was previously known and has used it to dramatically increase his net worth, according to an\ninvestigation\nreleased Thursday by the anti-corruption group Accountable.US.\nWhile a report from\nBloomberg\non July 2 estimated the billionaire president's crypto holdings to total about $620 million of his nearly $7 billion net worth, Accountable examined other investments that had not previously been reported.\n\"President Trump's net worth,\" the group estimated, \"could roughly be $15.9 billion, with about $11.6 billion in uncounted crypto assets.\" This would mean crypto accounts for 73% of his net worth.\nAccountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting.\nThese included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be\nworth\nabout $2 billion in value, but had not yet become tradable.\nOther analyses, it said, also excluded the\n$7 billion\nin value of the new $TRUMP memecoins released in late July 2025.\n\"Two Trump-affiliated companies owned 80% of the $TRUMP venture as of May 2025 and were estimated to have collected over $324 million just in fees since January 2025,\" the report said.\nAccountable also factored the holdings of Trump Media—the company that owns the president's\nsocial media\napp Truth Social. In July, the company\nbought\n$2 billion in Bitcoin and reserved another $300 million for Bitcoin options, and also announced the launch of its own set of NFTs.\nAs part of what they called \"Crypto Week,\"\nRepublicans\npassed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit.\nThe GENIUS Act purported to create a regulatory framework for so-called \"stablecoins,\" which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for\nRolling Stone\nin June:\nOne of Trump's priorities has been the\nnormalization\nof these so-called stablecoins — a type of asset that his family is now hawking.\nDespite the moniker, stablecoins can be extremely unstable. A 2023\nstudy\npublished by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once.\nThe 2022 crypto crash was triggered by the failure of Terraform Lab's Terra\/Luna \"\nalgorithmic\" stablecoin\n—the collapse of which saw $45 billion erased in the span of a week.\nThe bill places only very light regulations on stablecoins, and Sen.\nElizabeth Warren\n(D-Mass.) has\nwarned\nthat since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could \"create a superhighway for Donald Trump's\ncorruption\n.\"\n\"As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating,\" Warren said.\n\"Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable,\" she added. \"It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point.\"\nBut the\nCLARITY Act\n, which has been passed by the House and now awaits consideration in the Senate, is \"the real prize\" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC).\nTrump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his $TRUMP and $MELANIA \"meme coins\" from SEC regulation.\nIt would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. \"If Bitcoin is determined to constitute a security,\" the company said in a\nJune SEC filing\n, it could \"adversely affect\" the price of Bitcoin and the price of Trump Media's holdings.\nNot only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable.\n\"Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse,\nDonald Trump\nis ushering in a new era of casino-like speculation on\nWall Street\nwith highly volatile crypto trading in retirement accounts,\" Carrk said.\n\"While the Trump family stands to win either way with crypto investment product fees,\" Carrk added, \"throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south.\"","attrs_markdown":"To donate by check, phone, or other method, see our [More Ways to Give page.](https:\/\/www.commondreams.org\/more-ways-donate)\n\n×\n\n- [Home](https:\/\/www.commondreams.org\/)\n- [Politics](https:\/\/www.commondreams.org\/politics)\n- [Climate](https:\/\/www.commondreams.org\/climate)\n- [Economy](https:\/\/www.commondreams.org\/economy)\n- [Rights & Justice](https:\/\/www.commondreams.org\/rights-justice)\n- [War & 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[HOME](https:\/\/www.commondreams.org\/)\\>\n2. [News](https:\/\/www.commondreams.org\/news)\\>\n3. [cryptocurrency](https:\/\/www.commondreams.org\/tag\/cryptocurrency)\\>\n\n## SUBSCRIBE TO OUR FREE NEWSLETTER\n### Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.\nsubscribe\n\nbelow\n\nTrue\n\nTrue\n\n![Donald Trump Coin - Cryptocracy - Photo Illustration](https:\/\/www.commondreams.org\/media-library\/donald-trump-coin-cryptocracy-photo-illustration.jpg?id=61449297&width=1200&height=400&quality=70&coordinates=0%2C191%2C0%2C151)\n\nA Donald Trump coin is pictured alongside Bitcoin and various other cryptocurrencies in this photo illustration in Brussels, Belgium, on August 5, 2025.\n\n(Photo: Jonathan Raa\/NurPhoto via Getty Images)\n\n# Most of Trump's Net Worth Comes From 'Crypto Empire': Report\n## According to an investigation by Accountable.US, 73% of Trump's net worth may now come from crypto, which his administration is working to dramatically deregulate.\n\n[Stephen Prager](https:\/\/www.commondreams.org\/author\/stephen-prager)\n\nAug 11, 2025\n\n[News](https:\/\/www.commondreams.org\/news)[Economy](https:\/\/www.commondreams.org\/economy)\n\nAug 11, 2025\n\nOver his nearly seven months as president, the administration of U.S. President [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why.\n\nThe president may be profiting far more from his \"rapidly-growing crypto empire\" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https:\/\/accountable.us\/wp-content\/uploads\/2025\/08\/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US.\n\nWhile a report from *[Bloomberg](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true)* on July 2 estimated the billionaire president's crypto holdings to total about \\$620 million of his nearly \\$7 billion net worth, Accountable examined other investments that had not previously been reported.\n\n\"President Trump's net worth,\" the group estimated, \"could roughly be \\$15.9 billion, with about \\$11.6 billion in uncounted crypto assets.\" This would mean crypto accounts for 73% of his net worth.\n\nAccountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting.\n\nThese included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \\$2 billion in value, but had not yet become tradable.\n\nOther analyses, it said, also excluded the [\\$7 billion](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \\$TRUMP memecoins released in late July 2025.\n\n\"Two Trump-affiliated companies owned 80% of the \\$TRUMP venture as of May 2025 and were estimated to have collected over \\$324 million just in fees since January 2025,\" the report said.\n\nAccountable also factored the holdings of Trump Media—the company that owns the president's [social media](https:\/\/www.commondreams.org\/tag\/social-media) app Truth Social. In July, the company [bought](https:\/\/www.cnbc.com\/2025\/07\/21\/trump-djt-bitcoin-net-worth.html) \\$2 billion in Bitcoin and reserved another \\$300 million for Bitcoin options, and also announced the launch of its own set of NFTs.\n\nAs part of what they called \"Crypto Week,\" [Republicans](https:\/\/www.commondreams.org\/tag\/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit.\n\nThe GENIUS Act purported to create a regulatory framework for so-called \"stablecoins,\" which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for *[Rolling Stone](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/)* in June:\n\n> One of Trump's priorities has been the [normalization](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.rollingstone.com\/politics\/political-commentary\/trump-crypto-stablecoins-boost-risk-1235301326\/) of these so-called stablecoins — a type of asset that his family is now hawking.   \n>   \n> Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.bis.org\/publ\/bppdf\/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once.   \n>   \n> The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra\/Luna \"[algorithmic\" stablecoin](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S1544612322005359)—the collapse of which saw \\$45 billion erased in the span of a week.\n\nThe bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https:\/\/www.commondreams.org\/tag\/elizabeth-warren) (D-Mass.) has [warned](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could \"create a superhighway for Donald Trump's [corruption](https:\/\/www.commondreams.org\/tag\/corruption).\"\n\n\"As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating,\" Warren said.\n\n\"Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable,\" she added. \"It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point.\"\n\nBut the [CLARITY Act](https:\/\/accountable.us\/wp-content\/uploads\/2025\/07\/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is \"the real prize\" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC).\n\nTrump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \\$TRUMP and \\$MELANIA \"meme coins\" from SEC regulation.\n\nIt would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. \"If Bitcoin is determined to constitute a security,\" the company said in a [June SEC filing](https:\/\/s3.amazonaws.com\/sec.irpass.cc\/2660\/0001140361-25-021579.htm#tSSH), it could \"adversely affect\" the price of Bitcoin and the price of Trump Media's holdings.\n\nNot only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable.\n\n\"Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https:\/\/www.commondreams.org\/tag\/wall-street) with highly volatile crypto trading in retirement accounts,\" Carrk said.\n\n\"While the Trump family stands to win either way with crypto investment product fees,\" Carrk added, \"throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south.\"\n\n## [An Urgent Message From Our Co-Founder](https:\/\/www.commondreams.org\/message-from-common-dreams)\n|   |   |\n|---|---|\n| Dear Common Dreams reader,  The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets.   **That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done.**  Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good.  **Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support.**  That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you.  ****Will you donate now to help power the nonprofit, independent reporting of Common Dreams?****  Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most.  \\- Craig Brown, Co-founder |   |\n\nOur work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.\n\n[Stephen Prager](https:\/\/www.commondreams.org\/author\/stephen-prager)\n\nStephen Prager is a staff writer for Common Dreams.\n\n[clarity act](https:\/\/www.commondreams.org\/tag\/clarity-act)[accountable.us](https:\/\/www.commondreams.org\/tag\/accountable-us)[genius act](https:\/\/www.commondreams.org\/tag\/genius-act)[elizabeth warren](https:\/\/www.commondreams.org\/tag\/elizabeth-warren)[stablecoins](https:\/\/www.commondreams.org\/tag\/stablecoins)[bitcoin](https:\/\/www.commondreams.org\/tag\/bitcoin)[donald trump](https:\/\/www.commondreams.org\/tag\/donald-trump)[cryptocurrency](https:\/\/www.commondreams.org\/tag\/cryptocurrency)\n\nOver his nearly seven months as president, the administration of U.S. President [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why.\n\nThe president may be profiting far more from his \"rapidly-growing crypto empire\" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https:\/\/accountable.us\/wp-content\/uploads\/2025\/08\/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US.\n\nWhile a report from *[Bloomberg](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true)* on July 2 estimated the billionaire president's crypto holdings to total about \\$620 million of his nearly \\$7 billion net worth, Accountable examined other investments that had not previously been reported.\n\n\"President Trump's net worth,\" the group estimated, \"could roughly be \\$15.9 billion, with about \\$11.6 billion in uncounted crypto assets.\" This would mean crypto accounts for 73% of his net worth.\n\nAccountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting.\n\nThese included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \\$2 billion in value, but had not yet become tradable.\n\nOther analyses, it said, also excluded the [\\$7 billion](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \\$TRUMP memecoins released in late July 2025.\n\n\"Two Trump-affiliated companies owned 80% of the \\$TRUMP venture as of May 2025 and were estimated to have collected over \\$324 million just in fees since January 2025,\" the report said.\n\nAccountable also factored the holdings of Trump Media—the company that owns the president's [social media](https:\/\/www.commondreams.org\/tag\/social-media) app Truth Social. In July, the company [bought](https:\/\/www.cnbc.com\/2025\/07\/21\/trump-djt-bitcoin-net-worth.html) \\$2 billion in Bitcoin and reserved another \\$300 million for Bitcoin options, and also announced the launch of its own set of NFTs.\n\nAs part of what they called \"Crypto Week,\" [Republicans](https:\/\/www.commondreams.org\/tag\/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit.\n\nThe GENIUS Act purported to create a regulatory framework for so-called \"stablecoins,\" which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for *[Rolling Stone](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/)* in June:\n\n> One of Trump's priorities has been the [normalization](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.rollingstone.com\/politics\/political-commentary\/trump-crypto-stablecoins-boost-risk-1235301326\/) of these so-called stablecoins — a type of asset that his family is now hawking.   \n>   \n> Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.bis.org\/publ\/bppdf\/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once.   \n>   \n> The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra\/Luna \"[algorithmic\" stablecoin](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S1544612322005359)—the collapse of which saw \\$45 billion erased in the span of a week.\n\nThe bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https:\/\/www.commondreams.org\/tag\/elizabeth-warren) (D-Mass.) has [warned](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could \"create a superhighway for Donald Trump's [corruption](https:\/\/www.commondreams.org\/tag\/corruption).\"\n\n\"As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating,\" Warren said.\n\n\"Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable,\" she added. \"It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point.\"\n\nBut the [CLARITY Act](https:\/\/accountable.us\/wp-content\/uploads\/2025\/07\/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is \"the real prize\" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC).\n\nTrump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \\$TRUMP and \\$MELANIA \"meme coins\" from SEC regulation.\n\nIt would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. \"If Bitcoin is determined to constitute a security,\" the company said in a [June SEC filing](https:\/\/s3.amazonaws.com\/sec.irpass.cc\/2660\/0001140361-25-021579.htm#tSSH), it could \"adversely affect\" the price of Bitcoin and the price of Trump Media's holdings.\n\nNot only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable.\n\n\"Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https:\/\/www.commondreams.org\/tag\/wall-street) with highly volatile crypto trading in retirement accounts,\" Carrk said.\n\n\"While the Trump family stands to win either way with crypto investment product fees,\" Carrk added, \"throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south.\"\n\nFrom Your Site Articles\n\n- [This Is What Oligarchy Looks Like ›](https:\/\/www.commondreams.org\/opinion\/what-does-oligarchy-look-like)\n- ['A Crime With No Immunity': Trump Solicits Buyers for Corrupt Crypto Dinner ›](https:\/\/www.commondreams.org\/news\/a-crime-with-no-immunity-trump-solicits-buyers-for-corrupt-crypto-dinner)\n- [Sanders Raises Alarm Over GOP Crypto Bill Designed to 'Enrich Trump and His Billionaire Backers' ›](https:\/\/www.commondreams.org\/news\/bernie-sanders-genius-act-stablecoins)\n- [Trump Nomination of Crypto Banker Howard Lutnick Another 'Win for the Billionaire Class' ›](https:\/\/www.commondreams.org\/news\/howard-lutnick-net-worth)\n- ['Greatest Corruption in Presidential History': Trump Family Reaps \\$5 Billion More in Crypto Profits \\| Common Dreams ›](https:\/\/www.commondreams.org\/news\/trump-5-billion-crypto)\n- [‘Corruption Couldn’t Be More Obvious’: Trump Stacks Key Panel With Crypto and Gambling CEOs \\| Common Dreams ›](https:\/\/www.commondreams.org\/news\/trump-corruption-cftc-committee)\n\n[Stephen Prager](https:\/\/www.commondreams.org\/author\/stephen-prager)\n\nStephen Prager is a staff writer for Common Dreams.\n\nOver his nearly seven months as president, the administration of U.S. President [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why.\n\nThe president may be profiting far more from his \"rapidly-growing crypto empire\" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https:\/\/accountable.us\/wp-content\/uploads\/2025\/08\/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US.\n\nWhile a report from *[Bloomberg](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true)* on July 2 estimated the billionaire president's crypto holdings to total about \\$620 million of his nearly \\$7 billion net worth, Accountable examined other investments that had not previously been reported.\n\n\"President Trump's net worth,\" the group estimated, \"could roughly be \\$15.9 billion, with about \\$11.6 billion in uncounted crypto assets.\" This would mean crypto accounts for 73% of his net worth.\n\nAccountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting.\n\nThese included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \\$2 billion in value, but had not yet become tradable.\n\nOther analyses, it said, also excluded the [\\$7 billion](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \\$TRUMP memecoins released in late July 2025.\n\n\"Two Trump-affiliated companies owned 80% of the \\$TRUMP venture as of May 2025 and were estimated to have collected over \\$324 million just in fees since January 2025,\" the report said.\n\nAccountable also factored the holdings of Trump Media—the company that owns the president's [social media](https:\/\/www.commondreams.org\/tag\/social-media) app Truth Social. In July, the company [bought](https:\/\/www.cnbc.com\/2025\/07\/21\/trump-djt-bitcoin-net-worth.html) \\$2 billion in Bitcoin and reserved another \\$300 million for Bitcoin options, and also announced the launch of its own set of NFTs.\n\nAs part of what they called \"Crypto Week,\" [Republicans](https:\/\/www.commondreams.org\/tag\/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit.\n\nThe GENIUS Act purported to create a regulatory framework for so-called \"stablecoins,\" which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for *[Rolling Stone](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/)* in June:\n\n> One of Trump's priorities has been the [normalization](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.rollingstone.com\/politics\/political-commentary\/trump-crypto-stablecoins-boost-risk-1235301326\/) of these so-called stablecoins — a type of asset that his family is now hawking.   \n>   \n> Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.bis.org\/publ\/bppdf\/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once.   \n>   \n> The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra\/Luna \"[algorithmic\" stablecoin](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S1544612322005359)—the collapse of which saw \\$45 billion erased in the span of a week.\n\nThe bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https:\/\/www.commondreams.org\/tag\/elizabeth-warren) (D-Mass.) has [warned](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could \"create a superhighway for Donald Trump's [corruption](https:\/\/www.commondreams.org\/tag\/corruption).\"\n\n\"As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating,\" Warren said.\n\n\"Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable,\" she added. \"It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point.\"\n\nBut the [CLARITY Act](https:\/\/accountable.us\/wp-content\/uploads\/2025\/07\/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is \"the real prize\" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC).\n\nTrump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \\$TRUMP and \\$MELANIA \"meme coins\" from SEC regulation.\n\nIt would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. \"If Bitcoin is determined to constitute a security,\" the company said in a [June SEC filing](https:\/\/s3.amazonaws.com\/sec.irpass.cc\/2660\/0001140361-25-021579.htm#tSSH), it could \"adversely affect\" the price of Bitcoin and the price of Trump Media's holdings.\n\nNot only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable.\n\n\"Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https:\/\/www.commondreams.org\/tag\/wall-street) with highly volatile crypto trading in retirement accounts,\" Carrk said.\n\n\"While the Trump family stands to win either way with crypto investment product fees,\" Carrk added, \"throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south.\"\n\nFrom Your Site Articles\n\n- [This Is What Oligarchy Looks Like ›](https:\/\/www.commondreams.org\/opinion\/what-does-oligarchy-look-like)\n- ['A Crime With No Immunity': Trump Solicits Buyers for Corrupt Crypto Dinner ›](https:\/\/www.commondreams.org\/news\/a-crime-with-no-immunity-trump-solicits-buyers-for-corrupt-crypto-dinner)\n- [Sanders Raises Alarm Over GOP Crypto Bill Designed to 'Enrich Trump and His Billionaire Backers' ›](https:\/\/www.commondreams.org\/news\/bernie-sanders-genius-act-stablecoins)\n- [Trump Nomination of Crypto Banker Howard Lutnick Another 'Win for the Billionaire Class' ›](https:\/\/www.commondreams.org\/news\/howard-lutnick-net-worth)\n- ['Greatest Corruption in Presidential History': Trump Family Reaps \\$5 Billion More in Crypto Profits \\| Common Dreams ›](https:\/\/www.commondreams.org\/news\/trump-5-billion-crypto)\n- [‘Corruption Couldn’t Be More Obvious’: Trump Stacks Key Panel With Crypto and Gambling CEOs \\| Common Dreams ›](https:\/\/www.commondreams.org\/news\/trump-corruption-cftc-committee)\n\n[clarity act](https:\/\/www.commondreams.org\/tag\/clarity-act)[accountable.us](https:\/\/www.commondreams.org\/tag\/accountable-us)[genius act](https:\/\/www.commondreams.org\/tag\/genius-act)[elizabeth warren](https:\/\/www.commondreams.org\/tag\/elizabeth-warren)[stablecoins](https:\/\/www.commondreams.org\/tag\/stablecoins)[bitcoin](https:\/\/www.commondreams.org\/tag\/bitcoin)[donald trump](https:\/\/www.commondreams.org\/tag\/donald-trump)[cryptocurrency](https:\/\/www.commondreams.org\/tag\/cryptocurrency)\n\n[Join the Conversation](https:\/\/commons.commondreams.org\/t\/most-of-trumps-net-worth-comes-from-crypto-empire-report\/230937)\n\n**We've had enough.** The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? **We can't do it without you. Thank you.**\n\n## SUBSCRIBE TO OUR FREE NEWSLETTER\n### Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.\nsubscribe\n\nbelow\n\nTrue\n\nTrue\n\nFollow Us","attrs_readable_markdown":"Over his nearly seven months as president, the administration of U.S. President [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why.\n\nThe president may be profiting far more from his \"rapidly-growing crypto empire\" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https:\/\/accountable.us\/wp-content\/uploads\/2025\/08\/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US.\n\nWhile a report from *[Bloomberg](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true)* on July 2 estimated the billionaire president's crypto holdings to total about \\$620 million of his nearly \\$7 billion net worth, Accountable examined other investments that had not previously been reported.\n\n\"President Trump's net worth,\" the group estimated, \"could roughly be \\$15.9 billion, with about \\$11.6 billion in uncounted crypto assets.\" This would mean crypto accounts for 73% of his net worth.\n\nAccountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting.\n\nThese included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \\$2 billion in value, but had not yet become tradable.\n\nOther analyses, it said, also excluded the [\\$7 billion](https:\/\/www.bloomberg.com\/news\/features\/2025-07-02\/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \\$TRUMP memecoins released in late July 2025.\n\n\"Two Trump-affiliated companies owned 80% of the \\$TRUMP venture as of May 2025 and were estimated to have collected over \\$324 million just in fees since January 2025,\" the report said.\n\nAccountable also factored the holdings of Trump Media—the company that owns the president's [social media](https:\/\/www.commondreams.org\/tag\/social-media) app Truth Social. In July, the company [bought](https:\/\/www.cnbc.com\/2025\/07\/21\/trump-djt-bitcoin-net-worth.html) \\$2 billion in Bitcoin and reserved another \\$300 million for Bitcoin options, and also announced the launch of its own set of NFTs.\n\nAs part of what they called \"Crypto Week,\" [Republicans](https:\/\/www.commondreams.org\/tag\/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit.\n\nThe GENIUS Act purported to create a regulatory framework for so-called \"stablecoins,\" which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for *[Rolling Stone](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/)* in June:\n\n> One of Trump's priorities has been the [normalization](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.rollingstone.com\/politics\/political-commentary\/trump-crypto-stablecoins-boost-risk-1235301326\/) of these so-called stablecoins — a type of asset that his family is now hawking.\n> \n> Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.bis.org\/publ\/bppdf\/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once.\n> \n> The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra\/Luna \"[algorithmic\" stablecoin](https:\/\/archive.ph\/o\/UFalO\/https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S1544612322005359)—the collapse of which saw \\$45 billion erased in the span of a week.\n\nThe bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https:\/\/www.commondreams.org\/tag\/elizabeth-warren) (D-Mass.) has [warned](https:\/\/www.rollingstone.com\/politics\/politics-features\/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570\/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could \"create a superhighway for Donald Trump's [corruption](https:\/\/www.commondreams.org\/tag\/corruption).\"\n\n\"As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating,\" Warren said.\n\n\"Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable,\" she added. \"It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point.\"\n\nBut the [CLARITY Act](https:\/\/accountable.us\/wp-content\/uploads\/2025\/07\/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is \"the real prize\" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC).\n\nTrump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \\$TRUMP and \\$MELANIA \"meme coins\" from SEC regulation.\n\nIt would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. \"If Bitcoin is determined to constitute a security,\" the company said in a [June SEC filing](https:\/\/s3.amazonaws.com\/sec.irpass.cc\/2660\/0001140361-25-021579.htm#tSSH), it could \"adversely affect\" the price of Bitcoin and the price of Trump Media's holdings.\n\nNot only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable.\n\n\"Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https:\/\/www.commondreams.org\/tag\/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https:\/\/www.commondreams.org\/tag\/wall-street) with highly volatile crypto trading in retirement accounts,\" Carrk said.\n\n\"While the Trump family stands to win either way with crypto investment product fees,\" Carrk added, \"throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south.\"","meta_canonical":null}

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URL	https://www.commondreams.org/news/trump-crypto-net-worth
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Meta Title	Most of Trump's Net Worth Comes From 'Crypto Empire': Report \| Common Dreams
Meta Description	As Trump moves to dramatically de-regulate cryptocurrency, a report by Accountable.US finds that he is profiting far more from his personal "crypto empire" than previously reported, and that crypto now makes up the majority of his net worth.
Meta Canonical	null
Boilerpipe Text	Over his nearly seven months as president, the administration of U.S. President Donald Trump has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why. The president may be profiting far more from his "rapidly-growing crypto empire" than was previously known and has used it to dramatically increase his net worth, according to an investigation released Thursday by the anti-corruption group Accountable.US. While a report from Bloomberg on July 2 estimated the billionaire president's crypto holdings to total about $620 million of his nearly $7 billion net worth, Accountable examined other investments that had not previously been reported. "President Trump's net worth," the group estimated, "could roughly be $15.9 billion, with about $11.6 billion in uncounted crypto assets." This would mean crypto accounts for 73% of his net worth. Accountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting. These included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be worth about $2 billion in value, but had not yet become tradable. Other analyses, it said, also excluded the $7 billion in value of the new $TRUMP memecoins released in late July 2025. "Two Trump-affiliated companies owned 80% of the $TRUMP venture as of May 2025 and were estimated to have collected over $324 million just in fees since January 2025," the report said. Accountable also factored the holdings of Trump Media—the company that owns the president's social media app Truth Social. In July, the company bought $2 billion in Bitcoin and reserved another $300 million for Bitcoin options, and also announced the launch of its own set of NFTs. As part of what they called "Crypto Week," Republicans passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit. The GENIUS Act purported to create a regulatory framework for so-called "stablecoins," which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for Rolling Stone in June: One of Trump's priorities has been the normalization of these so-called stablecoins — a type of asset that his family is now hawking. Despite the moniker, stablecoins can be extremely unstable. A 2023 study published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once. The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra/Luna " algorithmic" stablecoin —the collapse of which saw $45 billion erased in the span of a week. The bill places only very light regulations on stablecoins, and Sen. Elizabeth Warren (D-Mass.) has warned that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could "create a superhighway for Donald Trump's corruption ." "As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating," Warren said. "Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable," she added. "It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point." But the CLARITY Act , which has been passed by the House and now awaits consideration in the Senate, is "the real prize" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC). Trump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his $TRUMP and $MELANIA "meme coins" from SEC regulation. It would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. "If Bitcoin is determined to constitute a security," the company said in a June SEC filing , it could "adversely affect" the price of Bitcoin and the price of Trump Media's holdings. Not only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable. "Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, Donald Trump is ushering in a new era of casino-like speculation on Wall Street with highly volatile crypto trading in retirement accounts," Carrk said. "While the Trump family stands to win either way with crypto investment product fees," Carrk added, "throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south."
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[Stephen Prager](https://www.commondreams.org/author/stephen-prager) Aug 11, 2025 [News](https://www.commondreams.org/news)[Economy](https://www.commondreams.org/economy) Aug 11, 2025 Over his nearly seven months as president, the administration of U.S. President [Donald Trump](https://www.commondreams.org/tag/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why. The president may be profiting far more from his "rapidly-growing crypto empire" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https://accountable.us/wp-content/uploads/2025/08/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US. While a report from [Bloomberg](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) on July 2 estimated the billionaire president's crypto holdings to total about \$620 million of his nearly \$7 billion net worth, Accountable examined other investments that had not previously been reported. "President Trump's net worth," the group estimated, "could roughly be \$15.9 billion, with about \$11.6 billion in uncounted crypto assets." This would mean crypto accounts for 73% of his net worth. Accountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting. These included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \$2 billion in value, but had not yet become tradable. Other analyses, it said, also excluded the [\$7 billion](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \$TRUMP memecoins released in late July 2025. "Two Trump-affiliated companies owned 80% of the \$TRUMP venture as of May 2025 and were estimated to have collected over \$324 million just in fees since January 2025," the report said. Accountable also factored the holdings of Trump Media—the company that owns the president's [social media](https://www.commondreams.org/tag/social-media) app Truth Social. In July, the company [bought](https://www.cnbc.com/2025/07/21/trump-djt-bitcoin-net-worth.html) \$2 billion in Bitcoin and reserved another \$300 million for Bitcoin options, and also announced the launch of its own set of NFTs. As part of what they called "Crypto Week," [Republicans](https://www.commondreams.org/tag/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit. The GENIUS Act purported to create a regulatory framework for so-called "stablecoins," which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for [Rolling Stone](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) in June: > One of Trump's priorities has been the [normalization](https://archive.ph/o/UFalO/https://www.rollingstone.com/politics/political-commentary/trump-crypto-stablecoins-boost-risk-1235301326/) of these so-called stablecoins — a type of asset that his family is now hawking. > > Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https://archive.ph/o/UFalO/https://www.bis.org/publ/bppdf/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once. > > The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra/Luna "[algorithmic" stablecoin](https://archive.ph/o/UFalO/https://www.sciencedirect.com/science/article/abs/pii/S1544612322005359)—the collapse of which saw \$45 billion erased in the span of a week. The bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https://www.commondreams.org/tag/elizabeth-warren) (D-Mass.) has [warned](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could "create a superhighway for Donald Trump's [corruption](https://www.commondreams.org/tag/corruption)." "As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating," Warren said. "Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable," she added. "It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point." But the [CLARITY Act](https://accountable.us/wp-content/uploads/2025/07/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is "the real prize" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC). Trump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \$TRUMP and \$MELANIA "meme coins" from SEC regulation. It would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. "If Bitcoin is determined to constitute a security," the company said in a [June SEC filing](https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-25-021579.htm#tSSH), it could "adversely affect" the price of Bitcoin and the price of Trump Media's holdings. Not only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable. "Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https://www.commondreams.org/tag/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https://www.commondreams.org/tag/wall-street) with highly volatile crypto trading in retirement accounts," Carrk said. "While the Trump family stands to win either way with crypto investment product fees," Carrk added, "throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south." ## [An Urgent Message From Our Co-Founder](https://www.commondreams.org/message-from-common-dreams) \| \| \| \|---\|---\| \| Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. **Will you donate now to help power the nonprofit, independent reporting of Common Dreams?** Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. \- Craig Brown, Co-founder \| \| Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely. [Stephen Prager](https://www.commondreams.org/author/stephen-prager) Stephen Prager is a staff writer for Common Dreams. [clarity act](https://www.commondreams.org/tag/clarity-act)[accountable.us](https://www.commondreams.org/tag/accountable-us)[genius act](https://www.commondreams.org/tag/genius-act)[elizabeth warren](https://www.commondreams.org/tag/elizabeth-warren)[stablecoins](https://www.commondreams.org/tag/stablecoins)[bitcoin](https://www.commondreams.org/tag/bitcoin)[donald trump](https://www.commondreams.org/tag/donald-trump)[cryptocurrency](https://www.commondreams.org/tag/cryptocurrency) Over his nearly seven months as president, the administration of U.S. President [Donald Trump](https://www.commondreams.org/tag/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why. The president may be profiting far more from his "rapidly-growing crypto empire" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https://accountable.us/wp-content/uploads/2025/08/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US. While a report from [Bloomberg](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) on July 2 estimated the billionaire president's crypto holdings to total about \$620 million of his nearly \$7 billion net worth, Accountable examined other investments that had not previously been reported. "President Trump's net worth," the group estimated, "could roughly be \$15.9 billion, with about \$11.6 billion in uncounted crypto assets." This would mean crypto accounts for 73% of his net worth. Accountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting. These included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \$2 billion in value, but had not yet become tradable. Other analyses, it said, also excluded the [\$7 billion](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \$TRUMP memecoins released in late July 2025. "Two Trump-affiliated companies owned 80% of the \$TRUMP venture as of May 2025 and were estimated to have collected over \$324 million just in fees since January 2025," the report said. Accountable also factored the holdings of Trump Media—the company that owns the president's [social media](https://www.commondreams.org/tag/social-media) app Truth Social. In July, the company [bought](https://www.cnbc.com/2025/07/21/trump-djt-bitcoin-net-worth.html) \$2 billion in Bitcoin and reserved another \$300 million for Bitcoin options, and also announced the launch of its own set of NFTs. As part of what they called "Crypto Week," [Republicans](https://www.commondreams.org/tag/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit. The GENIUS Act purported to create a regulatory framework for so-called "stablecoins," which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for [Rolling Stone](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) in June: > One of Trump's priorities has been the [normalization](https://archive.ph/o/UFalO/https://www.rollingstone.com/politics/political-commentary/trump-crypto-stablecoins-boost-risk-1235301326/) of these so-called stablecoins — a type of asset that his family is now hawking. > > Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https://archive.ph/o/UFalO/https://www.bis.org/publ/bppdf/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once. > > The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra/Luna "[algorithmic" stablecoin](https://archive.ph/o/UFalO/https://www.sciencedirect.com/science/article/abs/pii/S1544612322005359)—the collapse of which saw \$45 billion erased in the span of a week. The bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https://www.commondreams.org/tag/elizabeth-warren) (D-Mass.) has [warned](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could "create a superhighway for Donald Trump's [corruption](https://www.commondreams.org/tag/corruption)." "As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating," Warren said. "Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable," she added. "It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point." But the [CLARITY Act](https://accountable.us/wp-content/uploads/2025/07/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is "the real prize" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC). Trump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \$TRUMP and \$MELANIA "meme coins" from SEC regulation. It would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. "If Bitcoin is determined to constitute a security," the company said in a [June SEC filing](https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-25-021579.htm#tSSH), it could "adversely affect" the price of Bitcoin and the price of Trump Media's holdings. Not only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable. "Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https://www.commondreams.org/tag/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https://www.commondreams.org/tag/wall-street) with highly volatile crypto trading in retirement accounts," Carrk said. "While the Trump family stands to win either way with crypto investment product fees," Carrk added, "throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south." From Your Site Articles - [This Is What Oligarchy Looks Like ›](https://www.commondreams.org/opinion/what-does-oligarchy-look-like) - ['A Crime With No Immunity': Trump Solicits Buyers for Corrupt Crypto Dinner ›](https://www.commondreams.org/news/a-crime-with-no-immunity-trump-solicits-buyers-for-corrupt-crypto-dinner) - [Sanders Raises Alarm Over GOP Crypto Bill Designed to 'Enrich Trump and His Billionaire Backers' ›](https://www.commondreams.org/news/bernie-sanders-genius-act-stablecoins) - [Trump Nomination of Crypto Banker Howard Lutnick Another 'Win for the Billionaire Class' ›](https://www.commondreams.org/news/howard-lutnick-net-worth) - ['Greatest Corruption in Presidential History': Trump Family Reaps \$5 Billion More in Crypto Profits \\| Common Dreams ›](https://www.commondreams.org/news/trump-5-billion-crypto) - [‘Corruption Couldn’t Be More Obvious’: Trump Stacks Key Panel With Crypto and Gambling CEOs \\| Common Dreams ›](https://www.commondreams.org/news/trump-corruption-cftc-committee) [Stephen Prager](https://www.commondreams.org/author/stephen-prager) Stephen Prager is a staff writer for Common Dreams. Over his nearly seven months as president, the administration of U.S. President [Donald Trump](https://www.commondreams.org/tag/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why. The president may be profiting far more from his "rapidly-growing crypto empire" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https://accountable.us/wp-content/uploads/2025/08/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US. While a report from [Bloomberg](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) on July 2 estimated the billionaire president's crypto holdings to total about \$620 million of his nearly \$7 billion net worth, Accountable examined other investments that had not previously been reported. "President Trump's net worth," the group estimated, "could roughly be \$15.9 billion, with about \$11.6 billion in uncounted crypto assets." This would mean crypto accounts for 73% of his net worth. Accountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting. These included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \$2 billion in value, but had not yet become tradable. Other analyses, it said, also excluded the [\$7 billion](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \$TRUMP memecoins released in late July 2025. "Two Trump-affiliated companies owned 80% of the \$TRUMP venture as of May 2025 and were estimated to have collected over \$324 million just in fees since January 2025," the report said. Accountable also factored the holdings of Trump Media—the company that owns the president's [social media](https://www.commondreams.org/tag/social-media) app Truth Social. In July, the company [bought](https://www.cnbc.com/2025/07/21/trump-djt-bitcoin-net-worth.html) \$2 billion in Bitcoin and reserved another \$300 million for Bitcoin options, and also announced the launch of its own set of NFTs. As part of what they called "Crypto Week," [Republicans](https://www.commondreams.org/tag/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit. The GENIUS Act purported to create a regulatory framework for so-called "stablecoins," which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for [Rolling Stone](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) in June: > One of Trump's priorities has been the [normalization](https://archive.ph/o/UFalO/https://www.rollingstone.com/politics/political-commentary/trump-crypto-stablecoins-boost-risk-1235301326/) of these so-called stablecoins — a type of asset that his family is now hawking. > > Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https://archive.ph/o/UFalO/https://www.bis.org/publ/bppdf/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once. > > The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra/Luna "[algorithmic" stablecoin](https://archive.ph/o/UFalO/https://www.sciencedirect.com/science/article/abs/pii/S1544612322005359)—the collapse of which saw \$45 billion erased in the span of a week. The bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https://www.commondreams.org/tag/elizabeth-warren) (D-Mass.) has [warned](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could "create a superhighway for Donald Trump's [corruption](https://www.commondreams.org/tag/corruption)." "As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating," Warren said. "Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable," she added. "It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point." But the [CLARITY Act](https://accountable.us/wp-content/uploads/2025/07/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is "the real prize" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC). Trump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \$TRUMP and \$MELANIA "meme coins" from SEC regulation. It would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. "If Bitcoin is determined to constitute a security," the company said in a [June SEC filing](https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-25-021579.htm#tSSH), it could "adversely affect" the price of Bitcoin and the price of Trump Media's holdings. Not only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable. "Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https://www.commondreams.org/tag/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https://www.commondreams.org/tag/wall-street) with highly volatile crypto trading in retirement accounts," Carrk said. "While the Trump family stands to win either way with crypto investment product fees," Carrk added, "throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south." From Your Site Articles - [This Is What Oligarchy Looks Like ›](https://www.commondreams.org/opinion/what-does-oligarchy-look-like) - ['A Crime With No Immunity': Trump Solicits Buyers for Corrupt Crypto Dinner ›](https://www.commondreams.org/news/a-crime-with-no-immunity-trump-solicits-buyers-for-corrupt-crypto-dinner) - [Sanders Raises Alarm Over GOP Crypto Bill Designed to 'Enrich Trump and His Billionaire Backers' ›](https://www.commondreams.org/news/bernie-sanders-genius-act-stablecoins) - [Trump Nomination of Crypto Banker Howard Lutnick Another 'Win for the Billionaire Class' ›](https://www.commondreams.org/news/howard-lutnick-net-worth) - ['Greatest Corruption in Presidential History': Trump Family Reaps \$5 Billion More in Crypto Profits \\| Common Dreams ›](https://www.commondreams.org/news/trump-5-billion-crypto) - [‘Corruption Couldn’t Be More Obvious’: Trump Stacks Key Panel With Crypto and Gambling CEOs \\| Common Dreams ›](https://www.commondreams.org/news/trump-corruption-cftc-committee) [clarity act](https://www.commondreams.org/tag/clarity-act)[accountable.us](https://www.commondreams.org/tag/accountable-us)[genius act](https://www.commondreams.org/tag/genius-act)[elizabeth warren](https://www.commondreams.org/tag/elizabeth-warren)[stablecoins](https://www.commondreams.org/tag/stablecoins)[bitcoin](https://www.commondreams.org/tag/bitcoin)[donald trump](https://www.commondreams.org/tag/donald-trump)[cryptocurrency](https://www.commondreams.org/tag/cryptocurrency) [Join the Conversation](https://commons.commondreams.org/t/most-of-trumps-net-worth-comes-from-crypto-empire-report/230937) We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you. ## SUBSCRIBE TO OUR FREE NEWSLETTER ### Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox. subscribe below True True Follow Us
Readable Markdown	Over his nearly seven months as president, the administration of U.S. President [Donald Trump](https://www.commondreams.org/tag/donald-trump) has been taking a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why. The president may be profiting far more from his "rapidly-growing crypto empire" than was previously known and has used it to dramatically increase his net worth, according to an [investigation](https://accountable.us/wp-content/uploads/2025/08/2025-07-21-A.US-73-Of-Trumps-15.9B-Net-Worth-Is-In-His-Crypto-Empire.pdf) released Thursday by the anti-corruption group Accountable.US. While a report from [Bloomberg](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) on July 2 estimated the billionaire president's crypto holdings to total about \$620 million of his nearly \$7 billion net worth, Accountable examined other investments that had not previously been reported. "President Trump's net worth," the group estimated, "could roughly be \$15.9 billion, with about \$11.6 billion in uncounted crypto assets." This would mean crypto accounts for 73% of his net worth. Accountable reached this number by including investments that either had not yet occurred or were not public at the time of previous reporting. These included roughly 22.5 billion tokens issued by Trump-owned WorldLiberty Financial Inc., which are estimated to be [worth](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) about \$2 billion in value, but had not yet become tradable. Other analyses, it said, also excluded the [\$7 billion](https://www.bloomberg.com/news/features/2025-07-02/donald-trump-net-worth-620-million-of-crypto-wealth-reshapes-fortune?embedded-checkout=true) in value of the new \$TRUMP memecoins released in late July 2025. "Two Trump-affiliated companies owned 80% of the \$TRUMP venture as of May 2025 and were estimated to have collected over \$324 million just in fees since January 2025," the report said. Accountable also factored the holdings of Trump Media—the company that owns the president's [social media](https://www.commondreams.org/tag/social-media) app Truth Social. In July, the company [bought](https://www.cnbc.com/2025/07/21/trump-djt-bitcoin-net-worth.html) \$2 billion in Bitcoin and reserved another \$300 million for Bitcoin options, and also announced the launch of its own set of NFTs. As part of what they called "Crypto Week," [Republicans](https://www.commondreams.org/tag/republicans) passed multiple industry-friendly pieces of crypto legislation in July, the GENIUS Act and the CLARITY Act, which Accountable says allow Trump to directly profit. The GENIUS Act purported to create a regulatory framework for so-called "stablecoins," which are pegged to existing financial assets like the U.S. dollar and are poised to become part of the portfolios of increasing numbers of companies. However, as Nikki McCann Ramirez wrote for [Rolling Stone](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) in June: > One of Trump's priorities has been the [normalization](https://archive.ph/o/UFalO/https://www.rollingstone.com/politics/political-commentary/trump-crypto-stablecoins-boost-risk-1235301326/) of these so-called stablecoins — a type of asset that his family is now hawking. > > Despite the moniker, stablecoins can be extremely unstable. A 2023 [study](https://archive.ph/o/UFalO/https://www.bis.org/publ/bppdf/bispap141.htm) published by the Bank for International Settlements found that of 60 stablecoins analyzed in their review, all of them had become de-pegged from their underlying asset at least once. > > The 2022 crypto crash was triggered by the failure of Terraform Lab's Terra/Luna "[algorithmic" stablecoin](https://archive.ph/o/UFalO/https://www.sciencedirect.com/science/article/abs/pii/S1544612322005359)—the collapse of which saw \$45 billion erased in the span of a week. The bill places only very light regulations on stablecoins, and Sen. [Elizabeth Warren](https://www.commondreams.org/tag/elizabeth-warren) (D-Mass.) has [warned](https://www.rollingstone.com/politics/politics-features/elizabeth-warren-crypto-bill-genius-act-bad-idea-1235362570/) that since he controls such a large percentage of the stablecoin market, their uptake into the broader economy could "create a superhighway for Donald Trump's [corruption](https://www.commondreams.org/tag/corruption)." "As soon as the players understand that Trump's intervention is a real possibility, then the stablecoin market is no longer about a careful review of whether there are adequate dollars to back up a particular stablecoin, or whether the stablecoin issuer has an AAA rating," Warren said. "Instead, the whole game becomes one of trying to engage the president to weigh the end and make one set of coins more valuable, and therefore another set of coins less valuable," she added. "It's corruption, but it's also a market manipulation that ultimately drains away any development...It undermines all the markets at that point." But the [CLARITY Act](https://accountable.us/wp-content/uploads/2025/07/2025-07-14-How-Trump-Benefits-from-CLARITY-GENIUS-Acts.pdf), which has been passed by the House and now awaits consideration in the Senate, is "the real prize" for the industry. It would dramatically narrow the Securities and Exchange Commission's (SEC) ability to regulate cryptocurrencies—most notably by recategorizing many assets as commodities instead of securities, which places them under the much smaller and less-resourced Commodity Futures Trading Commission (CFTC). Trump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his \$TRUMP and \$MELANIA "meme coins" from SEC regulation. It would also likely affect the classification of Bitcoin, which Trump Media has explicitly acknowledged would benefit the president. "If Bitcoin is determined to constitute a security," the company said in a [June SEC filing](https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-25-021579.htm#tSSH), it could "adversely affect" the price of Bitcoin and the price of Trump Media's holdings. Not only does this benefit Trump, said Accountable.US executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable. "Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, [Donald Trump](https://www.commondreams.org/tag/donald-trump) is ushering in a new era of casino-like speculation on [Wall Street](https://www.commondreams.org/tag/wall-street) with highly volatile crypto trading in retirement accounts," Carrk said. "While the Trump family stands to win either way with crypto investment product fees," Carrk added, "throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself—with everyday Americans footing the bill when things inevitably go south."
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