Alt5 Sigma suspended Peter Tassiopoulos just two months after the company announced a $1.5 billion deal involving the Trump-backed World Liberty Financial.

It’s no secret that President Trump, once a Bitcoin skeptic, has become a full-blown convert and that he and his family are using crypto to enrich themselves. What far fewer people understand is how Trump’s crypto ventures are structured on a corporate level.

Pooja Rajkumari is a Senior Reporter at TheStreet Crypto. Previously, she worked as a Copyeditor at Benzinga, where she focused on U.S. finance and the economy, as well as developing AI-driven editorial tools. To pitch her your ideas, drop an email at [email protected]

So far this year, billions of dollars have flowed into companies that have reinvented themselves by making the buying and holding of cryptocurrency their main focus.

Crypto.com became the latest cryptocurrency firm to pursue a US bank charter as it seeks to further its custody-service business for products such as digital-asset treasuries and exchange-traded funds.

Last week the US Department of Justice charged him with running scam compounds in Cambodia that stole billions in cryptocurrency from victims all over the world. The US Treasury Department has confiscated more than $14bn (£10.5bn) worth of bitcoin that it says is linked to him - it said this was the largest ever crypto-currency seizure.

FireBunnyUSA operated for three years, shipping over 10,000 packages of illicit drugs while using crypto to obscure millions in proceeds.