#binance #hype #zec #near
24/11/25 09:50 UTC-04

The decline in the crypto market has hit Donald Trump’s wealth.

Trump’s net worth increased by $3 billion from September to September, allowing the politician to take 201st place on Forbes’ list of the 400 richest Americans. The growth was driven by the Trump family’s investments in cryptocurrency, the magazine reports.

In January, Trump Media announced the launch of the Truth.Fi division and $250 million in investments in traditional and digital assets, including cryptocurrency-related securities. At the end of May, Trump Media reported attracting $2.5 billion for its own Bitcoin reserve. For these investments, the company signed agreements with 50 corporate investors to sell its securities. Crypto.com and Anchorage Digital were chosen as cryptocurrency custodians.

Trump Media CEO and chairman Devin Nunes said the company plans to use the first cryptocurrency as protection against “discrimination by financial institutions.”

Trump Media and Technology Group was founded by Trump in February 2021. In March 2024, TMTG went public after merging with Digital World Acquisition Corp and soon debuted on Nasdaq. Later, Trump transferred his 58% stake in Trump Media to a trust controlled by his son Donald Trump Jr.

Earlier, representatives of 65 organizations working with digital assets — including the Solana Policy Institute, Blockchain Association, Block, Pantera, Wintermute, Skybridge, and Uniswap Labs — urged Trump to immediately instruct federal agencies to clarify cryptocurrency regulation and taxation rules.

See also: "Bitmain Begins Selling S19k Pro Miners at a Starting Price of $5.5 per TH/s Amid Market Downturn"

#Bitcoin (BTC) #Mining #China

Editor: Yulia Krasnaya
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