The Trumps’ New Crypto Money Maker: Deals With Themselves

News Snapshot:

The Trump family engineered a new deal for its flagship crypto venture that stands to earn over half a billion dollars. One unusual element: Trump-backed companies are on both sides of the deal. Crypto has become the Trump family’s dominant business interest, overshadowing the real-estate empire the president spent half a century developing. At the center of those crypto riches is World Liberty Financial, the Trump-family vehicle launched last year. In a move earlier this month, World Liberty took over a pain–treatment-turned-payments firm, which then bought World Liberty’s recently created cryptocurrency, according to public disclosures. The publicly listed firm, Alt5...