President Trump's financial disclosure, which showed that he made over $1B off of cryptocurrency-based endeavors last year, is proof of crypto's entrance into mainstream finance, says Nigel Green of deVere Group in a note. "Digital assets are now firmly embedded in the global financial system," says Green. "Crypto businesses have become large enough and influential enough to rival traditional industries that have dominated major wealth creation for generations." Trump made much of his money through royalties from his Trump memecoin, as well as token sales by the Trump crypto venture World Liberty Financial, the WSJ reports. Major cryptocurrencies are inching higher this morning, with bitcoin up 0.2% to $58,763, ethereum up 0.1% to $1,575, and XRP up 0.1% to $1.04. (kirk.maltais@wsj.com)
Dow Jones Newswires
Crypto Analysts Eye Trump's Financial Disclosure — Market Talk
President Trump's financial disclosure, which showed that he made over $1B off of cryptocurrency-based endeavors last year, is proof of crypto's entrance into mainstream finance, says Nigel Green of deVere Group in a note. "Digital assets are now firmly embedded in the global financial system," say…