Letter to the Editor on Trump family business

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Letter to the Editor: Details of Trump family businesses continue to emerge, most of which touch on new forms of digital currencies. Surprisingly President Trump with little fanfare fits in a bit of digital currency policy here and there and he has left his sons the job to follow-up with deals.
The deal in today’s paper is not easy to comprehend. Neither is Three-Card Monde on 14th St.
The news is that a company called Alt5 Sigma, a little known Las Vegas firm previously focused on biotechnology, according to Bloomberg, said it would buy $1.5 B of World Liberty tokens. The company World Liberty – effectively a crypto currency company - was formed by the Trumps and others late last year, and it began to mint “tokens.”
Alt5 Sigma will now carry tokens on their books, much as the former MicroStrategies software company does with bitcoin. The Alt5 Sigma company had annual revenue of $12.53 million in fiscal year 2024. In a few weeks the Trump Family has garnered over $1B [dollars, not tokens] in this and related deals. But a lot of this is on paper. The math is daunting, but according to plan.
So here is the rundown of the Alt5 Sigma- World Liberty deal. Breathe in, breathe out. Bloomberg said the transaction had two legs - that is, the company one) traded it's own shares for about $750 million worth of tokens at $0.20 each and 2) bought roughly the same amount using cash.
The Trump family has 22.5 Billion of these tokens.
There’s more. The Trumps have discussed the future tokenization of real estate assets – the lucre they have held so dear so long. If you ask Gemini AI what tokenization of real estate assets is, it says it’s a great idea. Why? Because it provides increased liquidity for real estate, properties can be divided into 1000s of tokens (as with stock fractions, or – yikes – mortgages), block chain makes ownership transparent and faster than the Deed office, and bla bla bla.
But if you ask Gemini AI the follow up question – “What could possibly go wrong?” (they teach this kind of thing in Journalism School) – it responds that:
*Liquidity is not guaranteed, especially in a downturn Investors may find it difficult to sell their tokens.
*By making it liquid and accessible to a wider pool of retail investors, tokenization could introduce the kind of rapid price swings and "panic selling".
*Scammers can create fake tokenized real estate projects with misleading information about the underlying property, its valuation, or the team behind the project.
Of course, even the Soap Box Derby can be rigged, you may say.
Good point.
All of this brings to this old noggin: A vision of Bugs Bunny, the wise guy rabbit from Brooklyn. Y’know: The one with a bridge to sell.


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