President Donald Trump and his family’s crypto entanglements keep growing. The latest example came last week when Trump’s son Eric announced that the Emirati venture firm MGX will use stablecoins issued by World Liberty Financial—the family’s blockchain company—to pay for its recent $2 billion investment into the crypto exchange Binance.
The Trump family and their business partners stand to profit from the transaction, but how much? Due to the opacity of the deal, it’s hard to say exactly. Meanwhile, a spokesperson for Binance did not respond to a request for comment, and a representative for World Liberty Financial declined to provide any more details beyond what’s publicly announced.
