- The Trump family confirms large Bitcoin participations and thus signals great trust in the future of cryptocurrency.
- The White House’s crypto policy triggered an ethics examination via Trump’s connections to StableCoin companies.
President Donald Trump and his son Eric Trump have known themselves to Bitcoin by revealing a significant personal possession and talking strongly for the future of cryptocurrency. In his speech at the token2049 event in Dubai, Eric Trump Bitcoin described as a “digital gold” and indicated that his value would increase significantly.
This is in line with the wider pro-crypto policy of the government and the growing interest in blockchain technologies. However, their increasing participation has triggered political studies on potential conflicts of interest and blurred limits between public tasks and private profit.
Eric Trump confirms significant Bitcoin participation of his father
In an interview with Bloomberg, Eric Trump announced that both he and President Trump hold “a lot of Bitcoin” without naming the amounts. He emphasized that they believe in the long -term potential of the wealth value and said that the Bitcoin family sees a cornerstone of the future economy.
He added that Bitcoin had proven to be resistant during the market depletion in April and developed better than traditional financial investments. Eric Trump called it a “personal bet” and confirmed his optimistic attitude to the growth of the sector.
As CNF reports, President Trump has repeatedly stated that the United States must be a leader in the area of digital currencies or run the risk of falling behind rivals such as China.
Crypto policy ensures controversy
Since taking office, Trump has taken concrete steps to integrate cryptocurrencies into the national strategy. In March, he signed a implementation regulation for consolidation confiscated Bitcoin in a state-controlled crypto reserve.
These orders stopped the sale of confiscated digital assets at the federal level and laid the foundation for a wider reserve, including old coins. The government plans to build this stock with confiscated assets so that they do not burden taxpayers.
Trump also appointed Paul Atkins as the new chairman of the Sec. Atkins is a market -friendly man who is supposed to implement clear, crypto -friendly regulations. This is a big change compared to the rather cautious approach of the previous government. The political framework of the Trump administration is designed to stabilize and legitimize the market for digital assets and at the same time support innovations in the private sector. But the growing connections of the Trump family to the crypto industry raise ethical questions.
As the journalist Eric Lipton from the New York Times reports, President Trump maintains connections to World Liberty Financial (Wlfi), an emerging crypto company. After the Trump family’s crypto company had campaigned for the Genius Act-legislation that favors stable coin emitters-their own stablecoin was launched. The company became one of the world’s leading issuers and the Democrats in the Senate initiated an investigation.
The MPs brought in the end of Crypto Corruption Act to prohibit top officials and their families from benefiting from crypto companies. Critics say that the government’s measures mix personal investments with political decisions. However, the president seriously claims that he has no financial interest in the meme coin Trump, who briefly reached a market capitalization of $ 75 billion before collapsing over 90%.
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