CORRECTION (May 9, 11:58 UTC): Corrected headline, first bullet to say Trump-family linked firms profited millions from TRUMP token. Added details in the 11th paragraph about the creators of the token and their ties to trading revenue.

U.S. President Donald Trump has come a long way since he said the value of crypto was “based on thin air” in 2019. So much so that he is now one of the sector’s largest proponents, foraying into memecoins, DeFi, NFTs, and even stablecoins.

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