Donald Trump faces questions around crypto ‘conflicts of interest’ as price rices
Trump’s plunge into crypto – assets that he once described as a “scam” – isn’t without controversy, even from within the crypto community itself, which backed him in the election with more than $US100 million of donations.
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Some of those crypto billionaires are now concerned that the controversies surrounding Trump’s holdings will rebound on the industry, just as Trump’s backing was about to bring crypto into the mainstream of the US financial system.
There are obvious conflicts of interest in a president who is ultimately responsible for regulating the sector – and who in March signed an executive order to create a national strategic reserve of bitcoin and other crypto assets – being so deeply invested in the…
