According to Bloomberg, reports, speaking during the Token2049 event in Dubai, Eric Trump revealed that he and President Donald Trump hold “a lot of bitcoin”. Calling BTC “Digital Gold”, Eric predicted that he was going much higher and highlighted their bullish position on his long -term potential. Although he did not provide exact figures, he confirmed that it was a major personal investment.
Eric’s remarks echo the growing support of Donald Trump at the crypto. The president has repeatedly declared that he wanted the crypto to succeed, in particular as a competitive advantage against China. He even praised Bitcoin resilience during the drop in the April financial market, saying that it was summarizing better than traditional markets.
Trump’s administration has already made movements to support crypto beyond words. In March, Trump signed decrees to consolidate Bitcoin seized in an American crypto reserve, interrupting government sales. He also ordered the creation of a larger crypto stock, which includes altcoins, lost assets. The objective is to maximize value without emptying taxpayers’ funds.
US Crypto Reserve in manufacturing
To further support the cryptography sector, Trump has appointed Paul Atkins as a new president of the dry. Atkins is responsible for providing clear and friendly regulations, a net contrast to the more skeptical approach to the previous administration.
Even before his presidency resumed, Trump made the headlines with NFT launches and the same Coin Trump. Although the value of the piece briefly rises to a market capitalization of $ 75 billion, it then crushed more than 90%. Trump, however, denied any financial involvement, insisting that he did not take advantage of the media threw. Whether thanks to executive decrees, regulatory changes or direct property, the Trumps go all-in on Bitcoin, are betting big on a future powered by the crypto.
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Trump family in fire
Since his return to the office, the conflicts of interest of President Trump would have increased, with a projector on his links with the Crypto World Liberty Financial Company. According to the journalist at the New York Times, Eric Lipton, Trump aggressively scrambled the border between personal profit and public policy.
After pushing the law on engineering, which promotes Stablecoin companies, Trump’s family crypto company quickly launched its stablecoin, becoming a global transmitter. This prompted the Democrats of the Senate to launch an investigation into what they call “Trump Crypto Corruption” and to propose the end Crypto Corruption Act, aimed at preventing senior officials and their families from enjoying cryptography or emissions.
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Faq
It is a stock of crypto owned by the government formed from assets entered to maximize the without burden of taxpayers.
The law on engineering supports stablecoin issuers and would have benefited from cryptographic companies linked to Trump, arousing ethical problems.
