US Senator "Trump Family Illegally Profited from Virtual Assets" Strongly Criticizes

▲ Donald Trump, Eric Trump, Bitcoin (BTC), Ethereum (ETH), Virtual Assets/ChatGPT generated image

Senator Bernie Sanders strongly criticized the family of former U.S. President Donald Trump, alleging that they have obtained unprecedented illicit gains by leveraging virtual assets and various business rights.

In remarks released on X (formerly Twitter) on April 23 (local time), Senator Bernie Sanders claimed that the Trump family earned a total of $4 billion while Donald Trump served as president. Sanders described such behavior as "unprecedented kleptocracy," escalating his criticism. According to reports, the Trump family reaped enormous profits through various channels, including virtual asset investments, deals with Gulf nations, Qatari aircraft transactions, Mar-a-Lago events, and Truth Social.

Notably, profits from the virtual asset sector accounted for an overwhelming proportion. According to data cited by Senator Sanders, the Trump family earned $3.02 billion through cryptocurrency transactions. This is a result linked to virtual asset projects such as American Bitcoin Corp (ABTC), World Liberty Financial, and the Trump (Official Trump, TRUMP) and Melania (Official Melania, MELANIA) memecoins.

World Liberty Financial is a project where the sons of President Trump are listed as co-founders. According to the project's disclosures, 75% of the token sale proceeds directly flow into Trump-related entities. In addition to Senator Sanders, Senator Elizabeth Warren has called such practices a "highway of crypto corruption" and urged the Treasury Department to investigate, indicating widespread political backlash.

Other detailed profit items included $425.8 million from Gulf nation deals, $150 million related to Qatari aircraft, and $127.7 million from legal fees and merchandise sales. Sanders also pointed to the $19.6 million directly earned by Donald Trump Jr., the president's eldest son, and $125 million in Mar-a-Lago operating profits as results of this kleptocracy. The White House has not yet issued an immediate statement regarding Senator Sanders' remarks.

The controversy surrounding the incumbent president's family profiting from the virtual asset market is expected to lead to investigations by regulatory authorities and political debates in the future. In particular, the World Liberty Financial Token (WLFI) recently traded at $0.07739, up 0.87% in the last 24 hours, and the TRUMP memecoin also rose 0.19% to $2.84, drawing significant market attention. The impact of allegations of pursuing private gain using public office on the overall credibility of the virtual asset industry is also noteworthy.

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