Trump family earns over $1B from cryptocurrencies

U.S. President Donald Trump and his family earned more than $1 billion in pre-tax profits last year from a broad network of cryptocurrency ventures, the Financial Times reports.

The Trump family is involved in various types of cryptocurrency projects.

Just the TRUMP and MELANIA coins — meme coins inspired by Trump and his wife — generated around $427 million in revenue.

Private investors have reportedly put billions of dollars into the cryptocurrency empire backed by the Trump family.