Trump, Crypto
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Holders of the digital tokens issued by World Liberty Financial, one of the crypto ventures of the family of Donald Trump, voted on Wednesday to make them tradeable, paving the way for their wide sale and purchase -- potentially boosting the value of the president's holdings of them.
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The payout to Trump and his family highlights how his private business dealings overlap with a presidency focused on turning America into the “crypto capital of the world.”
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Money Talks News on MSNTrump Earned Millions From Crypto Venture and Branded Products During CampaignTrump's financial disclosures reveal millions earned from crypto ventures and branded merchandise while facing major civil judgments.
Crypto exchange Coinbase assures users on its website that it puts any new digital coin through "rigorous" vetting before allowing it to trade. It's an at-times lengthy process meant to protect customers by examining the people connected to the project and the risk of market manipulation or other scams.
Bloomberg’s analysis shows that digital assets and crypto-linked ventures have rapidly become the most lucrative part of Trump’s portfolio.
Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly.
One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential
At the same time, Trump's Justice Department has largely backed off crypto lawsuits and probes, creating an impression of Wild West-like lawlessness where even a proven fraudster like Bankman-Fried dares hope he may be pardoned for misdeeds.
The exchange has been a coder, a promoter and an early adopter for World Liberty Financial’s stablecoin, people familiar with the matter say. Critics say the relationship poses a conflict of interest for President Trump.