Trump's Crypto Empire Generates $1.2 Billion in Revenue

President Donald Trump's crypto businesses generated nearly $1.2 billion in revenue last year, according to a federal filing released this week.

The massive growth of Trump's wealth is largely attributed to his investments in 'governance tokens' and 'meme' coins, which have since plummeted in value.

World Liberty Financial, one of Trump's crypto ventures, took in over $500 million from the sale of governance tokens, while CIC Digital LLC generated over $600 million from the sale of souvenir-type meme coins featuring Trump's face.

The prices of these tokens and coins have dropped significantly since their launch, with World Liberty tokens falling 80% in value since they started trading in September.

Investors, including a Chinese billionaire who spent $75 million on the tokens and $200 million on the coins, have seen their holdings decline in value.