Investigative journalist Tom Bergin writes about how Reuters calculated the revenue the Trump Group has seen from crypto.
Bergin writes, “The method entailed reviewing the president’s official disclosures, property information, monetary information launched in court docket circumstances, crypto commerce info and different publicly obtainable sources. The place the household’s share of income from sure ventures couldn’t be decided, Reuters made estimates that had been vetted by 4 finance professors, two licensed public accountants and an accounting professor, all of whom have taught programs or suggested shoppers on crypto. All of them agreed that Reuters’ strategy was sound.”
Bergin later notes, “In January, the Trump Group helped launch a second enterprise promoting one other digital asset – $TRUMP, the Trump meme coin. The enterprise’s web site says the Trump Group will obtain income from the venture, however it doesn’t specify a proportion. To cut back the threat of overstating the president’s take, Reuters assumed for its evaluation that the Trumps obtained only a 50% share of earnings from the meme coin.
“5 teachers who reviewed Reuters’ findings agreed that fifty% is an affordable estimate of the Trumps’ share. Two others diverged. One mentioned Trump may obtain the next minimize from the meme cash than the 75% he receives from World Liberty as a result of the coin was offered completely on the foundation of exhibiting help for Trump. However one other mentioned Trump might need accepted a smaller minimize as a result of his household is much less concerned in the meme coin than in World Liberty, the place his three sons are listed as co-founders.”
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