FT reported:
Donald Trump’s administration has dropped a Joe Biden-era probe into a gun-sales financing company backed by Donald Trump Jr, saying the initial investigation was “conducted in a biased manner”.
The US Consumer Financial Protection Bureau on Tuesday wrote to PublicSquare, a conservative online marketplace in which Trump Jr owns a $1.5mn stake, saying it was closing an investigation into its buy-now-pay-later subsidiary, Credova Financial.
That should help Jr.'s holdings, Credova's owner (Public Square) and major customer (GrabaGun):
PublicSquare shares shot up almost 20 per cent on Tuesday after the letter was reported by Breitbart.
Thanks Dad.
DJT Jr. also sits on the Advisory Board of Dominari Holdings, which filed to sell $2 billion in equity/new shares.
How much of this $2 billion will be used to pump up Trump affiliated corporations? Dominari is already in American Bitcoin, yet another DJT Jr. venture.
The Trump family advances nonsense industries, crypto, AI and blockchain in their pursuit of unbridled fee-dom.
Update 9-4-25: NJ.com reported:
....the Trump-family backed crypto project, World Liberty Financial, unveiled public trading of its tokens, boosting its wealth on paper by around $5 billion as of Tuesday, according to CBS News. A separate bitcoin treasury and mining company, American Bitcoin, which is backed by the president’s eldest son and Eric Trump, began trading on the Nasdaq stock market on Wednesday.Conjuring money out of nothing sounds very Trumpish.
