The Trump family lands $7.7 billion windfall thanks to unusual deal
To help support the trade price, Justin Sun, owner of a large USWLFI, announced that it has no plan to sell its coins. Sun was targeted by the securities inspectors during the Biden administration, but Trump to see his case freezing after returning to the office.
The Trump family itself shows that their assets are about $ 5 billion ($ 7.7 billion) in the afternoon of Monday, making it one of the most valuable Trump assets, which is much more valuable than real estate owners, such as golf courses.
To help support the trade price, Justin Sun, owner of a large USWLFI, announced that it has no plan to sell its coins.Credit: Bloomberg
Like other investors in World Liberty Partners, including Chase Herro and Zachary Folkman, the Witkoff family controls the 3.75 billion jets for these partners, which show a cumulative trade value of approximately 1.7 billion dollars.
This means that the assets of the administration team, including the Trump family, the Witkoff family and other partners, are locked, that is, according to a mission by the company on Monday, these coins cannot be sold yet.
Nevertheless, there was a big wind for Trump and Witkoff families on Monday, World Liberty’s description files.
This is because the first crypto change sales of $ uswlfi tokens start on Monday, World Liberty, Alt5 Sigma Corp.
Loading
Las Vegas -based sub -5 announced in August that Zach Witkoff was the president of Zach Witkoff, the President’s son Eric Trump became a member of the Board of Directors of the Company and became an observer of Folkman, Security and Stock Exchange Commission, Chief Officer of World Liberty Financial. This put three senior executives from World Liberty in the power positions in the sub -5.
As this leadership change was announced, the sub -5 also announced the plans to use $ 1.5 billion in which World Liberty has risen as a part of this change to buy the Jeton of World Liberty after starting trade.
He allowed the Trump family to profit from World Liberty’s less non -impressive launch. When the company was founded, Donald Trump approved the effort and the family’s assistance to the managing him, World Liberty agreed to pay a Trump family organization called DT Marx Defi. Other executives cut net income.
‘One thing you need to give them credit: they just do everything straight. When, you will hide these associations. The president’s family celebrates them like a badge of honor. ‘
John Reed Stark is a lawyer who has spent twenty years in SEC.
World Liberty said on Monday that more than 7.5 billion coins or a total of 100 billion jeton supply after the start of trade were left aside for the sub -5. In a statement, this said that a total of 24.7 billion coins were free to be exchanged to be traded on Monday because it was free to be exchanged, he said. (The rest is still locked and controlled by the founders and other parties.)
In a statement on Monday, Zach Witkoff is not known how much the cost of costs will be 7.5 billion to the sale of the sub -5 -cents per coin.
However, for this investment, the Trump family’s DT signs are probably worth hundreds of millions of dollars.
The close corporate bonds between Alt5 and World Liberty may have investigated by the securities and the stock market commission in the past. Trump has chosen a crypto -friendly securities lawyer to lead the commission this year. Although the sub -5 objected to this reporting, it is possible to review the bonds, as some trade news organizations have recently reported. The Alt 5 did not respond to the request for comments on Monday.
Eric Trump and World Liberty did not respond to comments. However, Eric Trump was in Japan after he stopped in Hong Kong, where he participated in two crypto events by encouraging the company’s crypto offers.
It becomes one of the most valuable Trump assets that are much more valuable than real estate owners such as assets, hotels and golf fields.Credit: AP
John Reed Stark, a lawyer who has spent twenty years in the SEC, said perhaps the most amazing thing about business initiatives about the efforts of the Trump family about the efforts of making money.
“Considering the role of Donald J. Trump as president, Stark has this obvious conflict of interest,” Stark said. “Something you need to give them credit: they just do everything at a flat glance. When you hide these associations, the President’s family celebrates them like a badge of honor.”
Eric Trump and Donald Trump Jr. In fact, both of them celebrated the beginning of the sales of the USWLFI exchange platform on Monday.
Loading
Donald Trump Jr. On social media, “Big Day – has just launched the @worldlibertyfi $ uswlfi coin. Freedom + Finance + America before. The host team. “
Elder Trump, introducing the world Liberty and $ Ustrum offers in the past, was silent about the commercial launch on Monday. He was at the golf club in Virginia. According to an installment of a White House correspondent, it was a visit to one of the golf fields since he returned to office in January.
This article emerged at the beginning New York Times.
