#TrumpBitcoinEmpire

How Trump is Building a Cryptocurrency Empire from 'Thin Air'

Critics say Trump's growing footprint in the industry could become a new way for corporate actors and foreign entities to influence the administration.

The president's growing business relationships with the $3.5 trillion cryptocurrency market raise concerns within the sector itself. | Miladin Antonov/AFP via Getty Images

By Declan Hartie 28/05/2025 12:07 PM Eastern Time

The most powerful cryptocurrency company in Washington is turning into a headache for the industry.

More than four months after returning to the Oval Office, President Donald Trump's business empire is rapidly establishing itself as a new crypto empire.

Its interests in this loosely regulated sector include the emerging digital asset company 'World Liberty Financial' and the 'Trump MemeCoin', a high-risk cryptocurrency launched just before Inauguration Day. Last week, the president attended a private dinner at his Virginia golf club for major holders of the 'MemeCoin', which sparked national news coverage. On Tuesday, Trump Media & Technology Group, in which Trump holds a majority stake, unveiled plans to raise $2.5 billion to fund a Bitcoin buying campaign.