Trump's Encryption Empire: From President to Crypto World Manipulator

When the president’s scepter turns into a “Mining Pick”

On June 14, 2025, the financial report submitted by Trump revealed an astonishing secret: this controversial president amassed $57.36 million (approximately 412 million yuan) solely through the cryptocurrency platform World Liberty Financial, far surpassing his income from traditional industries such as real estate and golf clubs. Behind this report is a grand drama of the rise of a “cryptocurrency empire” intertwined with power, policy, and capital—how does the president seamlessly connect national strategy with family business? How has the regulatory vacuum in cryptocurrency become a breeding ground for wealth harvesting?

Policy Dividend: The “Divine Synchronization” of the White House Strategic Reserve and Family Business

Trump’s crypto wealth strategy began with a carefully designed policy framework.

• Bitcoin Strategic Reserve

In March 2025, Trump signed an executive order requiring the federal government to establish a strategic reserve of 210,000 bitcoins and promised to hold them long-term. This policy seems to endorse national financial security but actually coincides closely with the launch of his family business World Liberty Financial. The explosive sales of tokens on this platform directly contributed tens of millions of dollars in profits to the Trump family.

• Legislative “Assist”

The Republican-backed “Bitcoin Strategic Reserve Act” plans to purchase 1 million Bitcoins within five years, with Trump’s crypto ally—Senator Cynthia Lummis being a key proponent. The shift in policy direction provides a legitimacy cloak for Trump’s crypto projects.

Controversy Focus: The temporal overlap of national strategy and family interests has been questioned by public opinion as “policy arbitrage.” When a president’s signature can both influence Bitcoin prices and drive traffic to their own platform, where are the boundaries of power?

Crypto Landscape: “Full Industry Chain Harvesting” from NFTs to Stablecoins

Trump’s crypto ambitions go far beyond holding stock dividends. His family has built a complete ecosystem covering issuance, trading, and Mining:

1. NFT Digital Card

Starting in 2022, Trump issued three sets of NFTs, using “dinner together” as a gimmick to raise $19 million. Although market evaluations are polarized, the fan economy’s traffic has been perfectly monetized. 2. Stablecoin USD1

A family business has launched USD1, pegged to the US dollar, claiming it is backed by US Treasury bonds, but there are concerns about reserve transparency, and it has been accused of potentially repeating the Terra collapse crisis. 3. Bitcoin Mining

The second son Eric has established American Bitcoin in conjunction with mining companies, seizing the mining market under the banner of “Made in America.”

Core Model: Achieve “easy earnings” through token allocation rules (such as 80% of TRUMP tokens locked by the family) and transaction fee sharing (0.3% per transaction). While retail investors battle in the secondary market, the Trump family has already made a profit from every transaction.

Monetizing Power: The Gray Game of White House Dinners and “Crypto Donations”

Trump has deeply embedded political influence into the crypto ecosystem, creating a new “power-capital” exchange paradigm:

• Sky-high Banquet

The top 220 “whales” holding TRUMP coins can be invited to dinner with Trump, and the top 25 will enjoy “special access to the White House.” After the announcement, the price of TRUMP coins surged by 50%, with trading volume skyrocketing to 1.3 million USD.

• Regulatory Control

Cryptocurrency executives influence policy-making through dinner parties, such as venture capital giant David Sacks participating in rewriting U.S. cryptocurrency regulations.

Moral Hazard: Democratic Senator Elizabeth Warren sharply criticized: “This is the revolving door corruption of the digital age—buying off the president with a string of code.”

When the President Becomes the “Dealer”

Trump’s crypto empire hides a systemic crisis behind the enormous profits:

1. National Security Black Hole

Anonymous token transactions could become a channel for foreign infiltration, warned a former White House official: “With just a few clicks of the mouse, funds can be transferred to the president’s account.” 2. Financial Bubble

DJT Company invested $2.5 billion to establish a Bitcoin vault, but its losses in 2024 reached $400 million, with revenues of only $3.6 million, and it has been accused of having a valuation that relies on “political narratives” rather than actual profits. 3. US Dollar Credit Crisis

The government has incorporated Bitcoin into its strategic reserves, effectively paving the way for the family stablecoin USD1, undermining the foundation of dollar hegemony.

The Ultimate Game of Crypto Capital and Political Rules

Trump’s crypto ambitions are far from over:

• GameFi Layout

It is rumored that their family will launch a blockchain version of “Monopoly” to further expand the “traffic monetization” territory.

• Legislative Struggle

The Republican Party is pushing the “Cryptocurrency Market Structure Bill” in an attempt to transfer regulatory authority to the pro-Trump CFTC; the Democratic Party, on the other hand, is demanding an audit of the Trump family’s assets with a “moral sniping” approach.

Historical Metaphor: Cornell University Professor Eswar Prasad commented: “This is not a technological innovation, but a dangerous experiment to turn the machinery of the state into a private cash machine.”

The “Emperor’s Art” of the Crypto Era

From president to “crypto trader”, Trump’s wealth myth reveals a brutal reality: In the under-regulated crypto world, the collusion of power and capital is reshaping financial rules. And when the White House’s decisions share the same line of code as the family’s ledger, the firewall of democratic institutions may face unprecedented shocks. What will be the next move of Trump’s crypto empire—will it be a bubble burst, or a rewriting of history?