ANALYSIS: Eric and Donald Trump Jr. are cashing in on crypto
Donald Trump, who’s repeatedly criticized Hunter Biden for perceived conflicts of interest, has unleashed his three sons on the cryptocurrency industry to participate with unprecedented breadth and financial entanglement. All three of Trump’s sons are tied to and profiting from the industry as a whole, with Donald Jr. and Eric taking the lion’s share of positions while Barron finishes his education. Protos has reviewed public reporting in an attempt to determine the extent of their involvement across the space. World Liberty Financial Donald Jr., Eric, and Barron are all listed as co-founders of World Liberty Financial (they were all listed previously as Web3 ambassadors), the firm that self-describes as “where DeFi meets TradFi.” World Liberty Financial will have several key lines of business including DeFi lending through Aave, owning other cryptocurrencies, and operating the USD1 stablecoin. However, the Aave lending has ye...