- Donald Trump’s Crypto companies arouse ethical concerns about political power and personal profit.
- The legislators were alarmed by the links of foreign investors and a dinner of $ 1.5 million linked to the president’s same.
President Donald Trump’s pro-Crypto pivot marked a striking departure from the most prudent regulatory position of the Joe Biden administration, which has revitalized the cryptographic community and sparked a clear political reaction.
While the president is more openly embraced digital assets, the controversy is preparing.
The last flash point came when the republican strategist Roger Stone published a frightening response to the Democratic Senator Mark Kelly, who accused Trump of having used his political power to take advantage of crypto ventures.
Stone went to X (formerly Twitter) and noted,
“Senator Mark Kelly is cashed in his headquarters in the American Senate as a partner of a Chinese communist company that makes surveillance balls. He should be accused of betrayal and if he is sentenced, in accordance with federal law. ”
Mark Kelly Slames of Trump’s crypto
This created when Kelly criticized Trump’s cryptocurrency assets, Trump even, like “corruption in broad daylight”.
He said,
“Trump collects his presidency and makes millions from his own cryptography pieces. This is corruption in broad daylight.”
He added,
“I coparraine a bill to make illegal for the president, the vice-president, the administration officials and the members of the congress to publish, sponsor or approve for profitable cryptographic assets. It’s time to put an end to this. ”
The involvement of Trump’s crypto has increased, directly promoting its same White House, raising serious ethical and legal concerns.
The reports indicate that Trump organized a dinner of $ 1.5 million per capita in his Virginia Golf Club. The event was exclusive to the best parts of parts, many of whom seem to be foreign investors.
The legislators fear that this rally disguise an attempt to sell a political influence. Trump’s family is leading projects like Trump Coin and USD1 Stablecoin, raising questions about financial reasons.
The overlap of personal enrichment, the activity of offshore investors and political influence has resulted in a meticulous examination.
Senator Warren also questions …
Echoing the similar feelings, senator Elizabeth Warren had previously intensified her criticism of Trump’s deepening ties with cryptographic industry, warning potential ethical offenses as masked as a financial innovation.
She had said it better when she said,
“All the decisions and actions of the SEC involving (Trump Media & Technology Group) and the financial interests of President Trump should be carefully managed to ensure that they are free from political interference and excessive influence of the president and his administration”, “
Needless to say, his concerns reflect growing fears that the digital asset companies of the former president can blur the boundaries between political power and personal profit.
Thus, with a meticulous examination and unanswered questions, the advocacy of the president’s cryptography continues to blur the line between politics and personal gain.
Now, that its support stems from a real belief in digital assets or an selfish program remains uncertain, leaving the future of suspended crypto-political.
