US president Donald Trump has gained about $ 2.4 billion from his crypto -related adventures since entering the space in 2022, according to estimates from the New Yorker. The gains show a variety of Trump family’s family revenue flows and raises new concerns for a commander leader who oversees industrial regulation in the United States.
According to In the report, Trump scored an estimated $ 14.4 million from his non -fungible tokens (NFT) collections, $ 412.5 million from token sales by World Liberty Financial, $ 243 million from the Crypto Deal in the United Arab Emirates, $ 13 million from Bitcoin (Btc) The mining company American Bitcoin, $ 1.3 billion from the BTC treasury company Trump Media and Technology Group, and $ 385 million from the official Trump (Trump) Memecoin.
Overall, Trump’s crypto ventures account for 43.5% of the well -known personal resources he accumulated during his political career, according to the report. However, it is important to note that while these adventures are linked to Trump, they may not be able to demonstrate his direct involvement, as operations are often governed by counselors or family members.
The move was noteworthy because of Trump’s earlier doubt in the crypto industry. Back in 2019, he publicly criticized cryptocurrencies for their price volatility and raised concerns about their potential use of illegal activities.
Related: Trump sidesteps question in crypto divesting to pass key bills
Potential conflicts of interest and political responses
Trump’s crypto adventures raise new conflict-of-interest concerns. Democratic legislators have pushed the issue before, holding protests about the president’s memecoin and USD1 Stablecoin. In addition, they called the investigations and possible impeachments, although it seemed unlikely to be given the legislature regulated by the Republican.
After Trump announced a dinner in Washington, DC for the largest holder of his Memecoin in May, two democrats Senators respond.
“It also raised the frustrating expectation that foreign actors use Memecoin as a vector to buy influence on President Trump and his comrades without having to disclose their public identities,” the senators said.
Under the Trump administration, various government agencies have changed their opportunities to the crypto industry. The Securities and Exchange Commission (SEC) has dropped investigations or pending execution actions against many crypto companies, such as Coinbase and UnderpAnd there was A push to end the debanking of crypto companies nationwide.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
