US President Donald Trump has gained about $ 2.4 billion of his encryption projects since it entered the area in 2022, according to estimates from New Yorker. The gains show a diversification of encryption income currents in the Trump family and raise new concerns in front of the supreme leader who supervises the industry list in the United States.
According to For the report, Trump got an estimated $ 14.4 million of uninterrupted NFT code sets, $ 412.5 million of distinctive code sales across the world, financial freedom, $ 243 million of Crypto deals with a group of unified UAE, and $ 385 million from Bitcoin (BTCOIN) American America America, Micoin.
In general, Trump’s projects represent 43.5 % of the well -known personal wealth he collected during his political career, according to the report. However, it is important to note that although these projects are linked to Trump, they may not reflect his direct participation, as operations are often managed by advisers or family members.
This shift is noticeable given Trump’s previous doubts about the encryption industry. In 2019, he publicly criticized encrypted currencies due to price fluctuations and concerns about their potential use in illegal activities.
Related to: Trump avoids a question about stripping encryption to pass the main bills
A possible conflict in political interests and responses
Trump encrypted projects raise new concerns of interests. Democratic lawmakers have previously pushed the case, holding protests about the President Mimikoin and Stablecoin Usd1. In addition, they called for potential investigations and accountability, although this seems unlikely to look at the Republican legislative body.
After Trump announced a dinner in Washington, DC of the largest holder of Mimikoin in May, two Democratic Senate members responded, warning that the offer of this access can violate many federal morals and constitutional provisions, including the federal bribery law and the American constitution units.
“It also raises the disturbing possibility that foreign actors use the MIMEN as a heading to buy influence with President Trump and his partners without the need to publicly reveal their identities.”
Under the Trump administration, many government agencies have changed its cases towards the encryption industry. The Securities and Stock Exchange Committee (SEC) dropped investigations or suspended enforcement procedures against many encryption companies, such as Coinbase and UISWAP, and there was a boost to end encryption companies throughout the country.
magazine: Trump’s encryption projects raise conflicts in interests, trading questions from the inside
The post Trump Has Gained $2.4B in Crypto Industry Since 2022: Report first appeared on Investorempires.com.
