A nonprofit organization says President Donald Trump has significantly increased his net worth in a short time after venturing into the world of crypto assets.

According to a new study conducted by State Democracy Defenders Action, a nonprofit group dedicated to ending autocracy in the US, Trump has not only increased his wealth through crypto but has set himself up to earn more profits in the future.

The study further says that Trump’s position of power has allowed him to loosen regulatory policies on tokens associated with his decentralized finance (DeFi) platform World Liberty Financial (WLFI), which was founded in September 2024.

“President Trump’s recent foray into crypto assets has allowed him to substantially increase his wealth in a relatively short period of time. Trump will likely profit more from them in the future now that one of the companies he is affiliated with has added a new stablecoin to its portfolio.

Unlike other executive branch employees, he is not subject to the primary criminal conflict of interest law, which has allowed him to adopt regulatory policies that favor private sector stablecoins like those offered by WLFI.”

Citing Fortune, the study finds that Trump’s $2.9 billion worth of cryptocurrencies comprise 37% of his total assets, which amount to $7.7 billion. The study concludes by noting that Congress has the power to stop Trump from profiting from digital assets.

“The regulation of digital assets is in its nascency, but rather than divest his crypto assets to avoid any possible conflict of interest, President Trump seems to have positioned himself to maximize profiting from them by adopting a less aggressive regulatory and enforcement program than his predecessor.

Congress has a unique opportunity to prevent President Trump and future presidents from using their public office for private gain by adopting legislation barring them and other elected officials from holding stablecoins and other digital assets.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto investor Arthur Cheong says he will be holding on to his Solana (SOL) tokens in anticipation of its price being much higher in the coming months.

Cheong, the founder of the crypto investment firm DeFiance Capital, says in a post on the social media platform X that he participated in an over-the-counter (OTC) SOL deal through Galaxy Digital and has collected his unlocked tokens.

Even though he’s already up significantly after purchasing at $64, Cheong says he will wait to sell his SOL stack.

“Not selling a single one of them.

I think it will be substantially higher in three months.”

The investor is also bullish on the Solana ecosystem, specifically Jupiter (JUP), a decentralized exchange (DEX) aggregator that currently has the second-highest total value locked (TVL) on Solana after the re-staking protocol Jito (JTO), according to DefiLlama.

Now that the CME Group has announced that it will be rolling out two Solana-based futures contract options on March 17th, Cheong says that a short squeeze may ensue for SOL.

A short squeeze occurs when a sharp rise in the price of an asset forces traders who had previously sold short to close their positions, fueling more rallies.

According to Cheong, the crypto market cycle is still not over, but may need to go through a repricing following the “Trump honeymoon.”

“It feels like there is a severe lack and outflow of liquidity in the market lately as many crypto aside from BTC have corrected >40% in less than two months.

However, the stablecoin supply has expanded dramatically since 2024, growing by nearly $100 billion to reach a total supply of $221 billion, now representing over 1% of the US Dollar M2 Money Supply…

That said when the animal spirits come back as they always do, I think we have the liquidity and capital in place to push the market substantially higher.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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