Trump's Family Crypto Boom While Prices Climb
USASun Sep 07 2025
Advertisement
Senator Elizabeth Warren recently criticized President Donald Trump for not keeping his promises on reducing costs. She pointed out that prices for everyday items like groceries, gas, and school supplies have gone up instead of down. Warren accused Trump of raising costs through tariffs, which she says hurt working families.
At the same time, reports suggest that Trump's family has made a huge profit from their involvement in a new cryptocurrency. The Trump family's stake in the WLFI token has reportedly added about $5 billion to their wealth. Warren called this a betrayal, saying Trump is profiting while everyday people struggle with higher prices.
The latest inflation data shows mixed results. Overall prices have stayed steady, but core inflation, which doesn't include food and energy, has risen to its highest level since February. This increase is driven by higher costs in areas like medical care, airline fares, and household furnishings.
Despite the criticism, some analysts argue that tariffs are helping the U. S. economy. They say tariffs are bringing in a lot of money, which could help reduce the budget deficit. However, others warn that tariffs could lead to higher prices for consumers in the long run.
The Trump family's crypto venture has become a major part of their wealth. The WLFI token, co-founded by Trump's sons, has reportedly become their most valuable asset. Nearly a quarter of all tokens are owned by the family, though their holdings are currently locked.
https://localnews.ai/article/trumps-family-crypto-boom-while-prices-climb-3a5ee7ae
actions
flag content