The Trump family’s wealth increased by $1.3 billion this week, boosted by gains from American Bitcoin (ABTC) and World Liberty Financial (WLFI). ABTC’s trading debut saw Eric Trump’s stake valued at over $500 million. The family’s net worth, excluding $4 billion in WLFI tokens, now stands at over $7.7 billion.

The Trump family’s involvement in crypto has added legitimacy to the US crypto industry, but also faced scrutiny from Democratic lawmakers over potential conflicts of interest. American Bitcoin and World Liberty Financial made volatile trading debuts this week, with ABTC soaring to $14 before dropping to $7.36 per share.

World Liberty Financial launched on major crypto exchanges, releasing 24.6 billion WLFI tokens. However, the token price plummeted by over 40% post-launch. American Bitcoin was relisted on US stock exchanges after merging with Gryphon Digital Mining, resulting in significant trading volatility and five trading halts on Wednesday.

Read more at Cointelegraph: Trump Family’s Collective Wealth Grows by $1.3 Billion Thanks to Crypto