Trump's Family Crypto Boom While Prices Climb

Rising Costs and Broken Promises

Senator Elizabeth Warren has sharply criticized President Donald Trump for failing to deliver on his promises to reduce costs for everyday Americans. She highlighted that prices for essential items such as groceries, gas, and school supplies have risen instead of falling. Warren accused Trump of exacerbating these costs through tariffs, which she claims disproportionately hurt working families.

Trump Family's Crypto Windfall

Meanwhile, reports indicate that the Trump family has significantly profited from their involvement in a new cryptocurrency. The Trump family's stake in the WLFI token has reportedly added $5 billion to their wealth. Warren condemned this as a betrayal, stating that Trump is enriching himself while ordinary people struggle with higher prices.

Mixed Inflation Data

The latest inflation data presents a mixed picture. While overall prices have remained steady, core inflation—which excludes food and energy—has reached its highest level since February. This surge is driven by rising costs in sectors like medical care, airline fares, and household furnishings.

Debate Over Tariffs

Despite the criticism, some analysts argue that tariffs are benefiting the U.S. economy. They contend that tariffs generate substantial revenue, potentially helping to reduce the budget deficit. However, others caution that tariffs could lead to higher consumer prices in the long term.

Trump Family's Crypto Venture

The Trump family's crypto venture has become a cornerstone 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.