Political and Business Coin Three-Line Intersection
Media reports that after being re-elected as president last year, Trump transferred his 53% stake in DJT (valued at approximately $3 billion) into a revocable trust, which is fully controlled by his son Donald Jr. for investment and voting rights. On the surface, there is a separation of politics and business, but in reality, the equity remains firmly in the hands of the family.
Meanwhile, political and business capital is accelerating its entry into the cryptocurrency market. Brandon Lutnick, son of U.S. Secretary of Commerce Howard Lutnick, is leading a SPAC (Special Purpose Acquisition Company) in collaboration with Tether and SoftBank to launch a Bitcoin investment platform called Twenty One Capital, valued at up to $3.6 billion.
Cryptocurrency company Ripple has acquired the digital currency-focused brokerage firm Hidden Road for $1.25 billion, betting that institutional funds will pour into crypto assets during the “Trump era.” Several industry executives have indicated that a similar wave of mergers and acquisitions in the crypto space is set to erupt in the coming weeks, especially the combination of “SPACs + crypto projects.”
