Fact Check: "The Trump Organization reported earning more than $57 million from sales of digital tokens launched by its World Liberty Financial cryptocurrency platform in its 2024 financial disclosure forms."
What We Know
In the 2024 financial disclosure forms released by Donald Trump, it was reported that he earned approximately $57.35 million from token sales associated with his cryptocurrency venture, World Liberty Financial. This figure positions it as one of the most lucrative investments for the Trump family in 2024 (The New York Times, Reuters, Forbes). The financial disclosure also indicated that Trump’s wife, Melania, earned an additional $217,000 from licensing fees related to a digital token (The New York Times).
Analysis
The claim that the Trump Organization reported earning over $57 million from digital token sales is substantiated by multiple reputable sources. The New York Times, Reuters, Forbes, and CNN have all confirmed the figure of $57.35 million in their reports, citing the official financial disclosures made by Trump (The New York Times, Reuters, Forbes, CNN).
The reliability of these sources is high, as they are established news organizations with a history of investigative journalism. The financial disclosures themselves are mandatory and publicly available, adding a layer of transparency to the reported figures. However, it is important to note that while the revenue figures are disclosed, the documents do not clarify whether these ventures were profitable or if Trump personally benefited from them (The New York Times).
Conclusion
The claim that the Trump Organization reported earning more than $57 million from sales of digital tokens through its World Liberty Financial platform in its 2024 financial disclosure forms is True. This assertion is supported by multiple credible sources and aligns with the figures disclosed in Trump's financial statements.
Sources
- Trump Was Already a Crypto Czar in 2024 - The New York Times
- Trump reports more than $600 million in income from ... - Reuters
- Trump Just Disclosed Earning $57.4 Million From World Liberty Financial ... - Forbes
- With Bibles, tokens and watches, Trump made millions, new ... - CNN
- Trump discloses $57M crypto windfall from World Liberty Financial - Cointelegraph
