Comer Says Trump Family Making Millions From Crypto Business Is Ok Because They're Admitting They're Doing This'
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Comer Says Trump Family Making Millions From Crypto Business Is Ok Because They're Admitting They're Doing This'
"Comer, the chair of the House Oversight Committee, became a notable figure when he investigated former President Joe Biden and his son Hunter Biden over what Comer called a foreign influence peddling scheme. Of particular interest to Comer was a do-nothing board position Hunter Biden held at a Ukrainian energy company while his father was a private citizen. Additionally, Comer dubiously claimed that Joe Biden took $40,000 in China money as part of the aforementioned alleged scheme."
"Reuters reported that more than 90% of the Trump Organization's income comes from crypto, which includes sales of World Liberty Financial tokens. That includes a $100 million bulk purchase by a company based in the United Arab Emirates. There's a Reuters report today on the Trump family's crypto ventures based on the family's own financial disclosures, Tapper said. Reuters found the Trump Organization's income from the first half of this year shot from $51 million to $864 million, about $800 million of that is from crypto."
Financial disclosures show the Trump Organization's income rose from $51 million to $864 million in the first half of the year, driven largely by cryptocurrency sales. Most crypto activity centers on World Liberty Financial, a venture founded by Donald Trump Jr., Eric Trump, and Zach Witkoff. More than 90% of the organization's income during the period is attributed to crypto sales, including a $100 million bulk purchase by a United Arab Emirates–based company. Most buyers are foreign investors and the funds will belong to Trump when he leaves office. Earlier scrutiny involved alleged foreign influence tied to Hunter Biden's board role and a claimed $40,000 China payment to Joe Biden.
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