American workers may be struggling with the highest rate of corporate layoffs since the height of the COVID-19 pandemic, but one lucky group is doing better than ever: the Trump family.
President Donald Trump’s children and extended family members added over $5 billion to their net worth in a single day, thanks to a new cryptocurrency issued by the family’s newest crypto project, World Liberty Financial. WLF investors voted last month to allow the Trumps and a handful of key investors to cash out their crypto holdings early, locking in a handsome profit for the connected few.
Others weren’t so lucky. WLF’s cryptocurrency has fallen over 50% since Monday, saddling many regular investors with heavy losses.
Eric Trump doubled down on Thursday with the IPO of yet another family crypto ventu