The business empire of Donald Trump and his family has undergone a dramatic transformation — driven less by real-estate deals and more by a sprawling cryptocurrency venture that has already generated hundreds of millions of dollars in income. At the centre is World Liberty Financial (WLF), a crypto business co-founded by Trump’s sons Eric Trump and Donald Trump Jr.. During a meeting in Dubai in May this year, Eric Trump addressed Chinese and other international business associates at a cryptocurrency conference. He outlined his complaints with traditional banks, evoked his father’s battles with financiers and then made the offer: “Buy at least $20 million of ‘governance tokens’ in the Trump family’s crypto business.” According to news agency Reuters, the promise was that investors

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