Trump’s Crypto Inc.
The Trumps’ meme coins soared in value and then crashed — generating enormous profits for the Trumps and other insiders, but a cumulative $2 billion in losses for more than 800,000 other investors. The Trump family and its business partners earned nearly $100 million in trading fees alone on the coins.
The Trump family is now negotiating a financial stake in the U.S. arm of crypto exchange Binance, according to people familiar with the matter. This would put Trump in business with the firm that pleaded guilty in 2023 to violating anti-money-laundering requirements.
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