President Trump, since his inauguration, has aimed to position the U.S. as the world leader in cryptocurrency, benefiting both his family's wealth and the broader crypto industry. Approximately 40% of the Trump Organization's $2.9 billion net worth is linked to crypto ventures. This strategy has benefitted top industry players like Justin Sun, who has strong ties with Trump and has seen a surge in his business and political status. Notably, investigations into potential misconduct are on hold, leading to a more favorable environment for crypto under Trump's administration.
By some estimates, crypto ventures now account for nearly 40% of the Trump Organization's $2.9 billion net worth.
Many have seen their profits and political standing soar, while investigations of potential wrongdoing...have largely fallen away.
Sun was the top investor in Trump's meme coin, $Trump, and secured the top spot at the president's recent crypto dinner, which was held at Trump's golf course.
Sun was sued by the Securities and Exchange Commission under Biden for working to artificially inflate the price of crypto, an investigation that has been paused since Trump took office.
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