Hold onto Your Hats: Trump's Crypto Stash Hits $620M, 9% of His $6.9B Empire!

Get this: President Donald Trump's got a hefty chunk of his $6.9 billion fortune tied up in crypto, according to a wild report from Bloomberg. We're talking a cool $620 million, folks!

Yeah, you heard right. The man in the White House is riding the crypto wave, and it's making up about 9% of his massive wealth. The report dropped on Wednesday, June 2, and it's got everyone buzzing.

Here's the juicy part: Trump's got a 60% stake in World Liberty Financial, a digital assets company that's worth around $460 million. And guess what? His sons, Eric and Don Jr., are right in the thick of it, dealing with digital assets and even launching their own stablecoin, USD1. Talk about a family business!

But wait, there's more! Trump's also cashing in big time on his memecoin, the Official Trump (TRUMP) token. His holdings are worth a whopping $150 million. And get this: he's been out there promoting it, even offering a private dinner to the top tokenholders. Now that's how you hustle!

Trump's Crypto Fortune Sparks Major Conflict of Interest Drama

Of course, not everyone's thrilled about Trump and his family diving into the crypto world. Political rivals are up in arms, with Rep. Maxine Waters and Senator Elizabeth Warren leading the charge. They're sounding the alarm on potential conflicts of interest and even bribery opportunities.

Waters is straight-up calling out Trump's stake in WLFI, saying it's a backdoor for foreign entities to buy their way to the President. And she's not holding back on the Trump memecoin either, claiming it tanked investors for at least $2 billion while Trump and his crew walked away with at least $350 million. Ouch!

Oh, and don't forget, Trump's sons have their own stakes in these crypto ventures, so the family's crypto empire could be even bigger than we think. But let's not forget, the bulk of Trump's personal fortune is still in his real estate and media businesses. His stake in Trump Media and Technology, the folks behind Truth Social, is sitting pretty at $2 billion.