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John Hamilton - Trump Doubles Net Worth by Insider Trading

Wednesday, October 29, 2025 16:17

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Donald J. Trump & Family; Friends via an opaque business structure involving markets,

cryptocurrency, foreign governments, and with key positions populated by family and friends.

This is truly government enrichment 2.0.

A Trump Noir: Crypto, Criminals and Foreign Influence

by John Hamilton

(henrymakow.com)

Hillary Clinton was lambasted for selling influence via The Clinton Foundation, (vaguely redolent of George Costanza’s Human Fund). Never indicted, but plenty of allegations (“Lock her up, lock her up!).

The Clintons raised $2 to $3 billion over a period of years.

That vast sum may turn out to be bush league. Now, Donald J. Trump & Family; Friends are on pace to greatly exceed that, via an opaque business structure involving markets, cryptocurrency, foreign governments, and with key positions populated by family and friends. This is truly government enrichment 2.0. It is an exceedingly modern film noir; the movie has been casted, but the ending hasn’t been written yet.

It may turn out to be a 21 st century The Maltese Falcon, which starred cinematic immortal Humphrey Bogart. Unfortunately, Trump appears to be more akin to the film’s character Kasper Gutman a.k.a. “The Fat Man” (played so well by Sydney Greenstreet that he earned an Academy Award

nomination, best supporting actor).

A truly complicated individual, Trump never aspires to be best supporting actor in anyone’s drama. Fans cite his progress in exporting illegals, blasting drug boats, and stopping wars (or trying to) but it appears he is equally occupied lately making sure he gets paid for his efforts. Well paid.

Recently “strapped,” a short while ago Trump told a New York judge he did not have $490 million in cash to pay a fine, his money was tied up in real estate. Now some are saying he has doubled his $5 billion or so net worth after being in office less than one year. How is that possible? And is it legal? So far there have been no indictments, but with the stage set with convicted criminal partners (money laundering), pardon for same and foreign government “investments”, can one be far behind?

Meanwhile, Trump is distracting the attention of the shell game player – you, me – with tariffs on, tariffs off, government shutdown, ICE raids and Truth Social cartoons. Anything rather than getting attention for his financial machinations, (or the Epstein files, for that matter.) Truth is, Trump’s latest financial machinations are way too complex for the average person to grasp. Nevertheless, here’s our best effort to patch together what’s happened to date:

Background

In September 2024, World Liberty Financial (WLF), a crypto platform, was launched by Donald Trump, his sons (Donald Jr., Eric, and Barron), and real estate ally Steve Witkoff. WLF

introduced a governance token (WLFI) and a dollar-pegged stablecoin (USD1), branding itself as a Decentralized Finance (DeFi) platform operating without traditional financial intermediaries. By early 2025, WLF raised hundreds of millions through token sales, with the Trump family holding a significant portion of WLFI tokens and 75% of the platform’s net revenue. Binance, the world’s largest crypto exchange, led by Changpeng Zhao (CZ), partnered with WLF, facilitating investments, including a $2

billion USD1-based investment. Binance’s prior legal issues for anti-money-laundering violations andCZ’s pardon by Trump in October 2025 raise concerns about transparency and conflicts of interest.

Alleged Wrongdoing

No formal charges have been filed against Trump or WLF as of the latest reports, but several issues raise red flags:

1. Binance’s Compliance Issues: Binance’s 2023 guilty plea for anti-money-laundering failures

casts a shadow over its partnership with WLF.

2. Opaque Token Sales: WLF raised ~$590 million through two WLFI presales ($300 million at

$0.015/token and $250 million at $0.05/token). Critics argue this resembles a “cash grab” rather

than a legitimate platform build-out due to limited transparency.

3. Foreign Investment Concerns: A UAE-based fund invested $100 million in WLFI, and $2 billion in USD1 flowed into Binance, raising questions about foreign influence and financial transparency.

4. Policy and Timing Issues: WLF’s launch coincided with Trump’s presidency and crypto-friendly policies, like the “Strategic Bitcoin Reserve,” alongside CZ’s pardon, suggesting potential abuse of power.

5. Investor Protection Gaps: Early investors faced trading restrictions, and there’s limited clarity on how funds are used, raising concerns about insider enrichment. Speaking of which: Forbes puts Barron Trump’s (age 19, college student) net worth now at $150 million from these crypto investments and/or allocations. Barron has done very well indeed, surely a nice head start on his post-college career.

These issues–lack of disclosure, insider benefits, foreign funds, and ties to a non-compliant exchange–create a troubling but not necessarily illegal picture.

Conflicts of Interest WLF presents significant conflicts of interest:

1. Presidential Influence: As President, Trump’s crypto-friendly policies could directly benefit

WLF, in which his family has a financial stake.

2. Family Revenue Rights: The Trump family, via DT Marks DEFI LLC, is entitled to 75% of

WLF’s net revenues, creating a direct link between public policy and private gain.

3. Binance Partnership: The connection to Binance, whose founder was pardoned by Trump,

suggests favoritism or regulatory capture.

4. Foreign Investment: Investments from entities like a UAE fund into WLF and USD1 raise

concerns about foreign influence on a politically connected venture.

5. Insider Advantages: The Trump family’s large token allocation and revenue rights benefit from

their public position, a classic conflict of interest.

6. Lack of Oversight: Opaque token structures and limited external audits hinder independent

regulation, exacerbated by the family’s control.

Profits: Realized and Potential Realized Income:

 Trump’s 2025 disclosure reported $57.4 million in income from WLF token sales in 2024.

 WLF raised ~$590 million through WLFI sales ($550 million public, plus private rounds).

 The Trump family holds 22.5 billion WLFI tokens (22.5% of 100 billion total), valued at ~$5.6

billion at $0.25/token, potentially doubling Trump’s $5.7 billion net worth (April 2024).

Potential Profits:

 The family’s token holdings ($5.6 billion) are a paper gain, subject to lock-up restrictions and

market volatility (WLFI launched at $0.30 but fell to $0.24).

 The family’s 75% revenue share could yield significant future income if WLF’s platform and

USD1 stablecoin ($2.71 billion in units sold) grow, though operational costs and compliance

reduce net profits.

 WLFI’s fully diluted market value exceeds $30 billion, indicating massive nominal upside.

Caveats: Token volatility, lock-up restrictions, regulatory risks, and incomplete public accounting

obscure true profits. Funds raised do not equal pure profit due to operational and compliance costs.

Why It Matters This situation raises critical issues:

 Public Office Integrity: A President’s family launching a financial venture during his term,

while shaping related policy, blurs the line between public duty and private gain.

 Investor Risks: Opaque token structures and insider advantages may mislead investors about

liquidity and fund allocation.

 Regulatory and Security Concerns: Large foreign investments and Binance’s involvement raise

questions about oversight and national security.

 Transparency Gaps: The scale of WLF’s raises (~$590 million) and political ties demandrigorous oversight, which is lacking.

 Precedent for Politics and Crypto: This venture could encourage future officeholders to exploit

emerging financial technologies for personal gain.

Conclusion

World Liberty Financial blends politics, crypto, and profit, raising ~$590 million and potentially generating billions for the Trump family. Realized income ($57.4 million) and paper gains (~$5.6 billion) are substantial, but transparency issues, foreign investments, and Binance’s role fuel even greater concerns. The overlap of Trump’s presidency, crypto-friendly policies, and family profits creates significant conflicts of interest. Unresolved questions about token structures, regulatory oversight, and fund allocation persist, with volatile markets and legal risks clouding the venture’s future. This complex mix of money and power demands scrutiny to clarify what’s real versus speculative.

How much of the profit is real and how much is speculative remains to be seen. So, too, further fallout from this truly Byzantine set of businesses, and products that exist solely as “digits.” In the end, we may need a modern-day forensic Humphrey Bogart type to untangle and make sense of it all.

——–

John Hamilton wrote False Flags, State Secrets, Government Deceptions: A Short History of the Modern

Era and THE COVID VACCINE: And the silencing of our doctors and scientists.

Source: https://henrymakow.com/2025/10/john-hamilton--trump-uses-offfice.html

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