The total cryptocurrency assets of the Trump administration reach a minimum of 193 million USD, with about 1/5 of senior officials owning or investing in this field.
The Washington Post's investigation shows that many officials in the Trump administration hold cryptocurrencies or stakes in blockchain companies, reflecting an increasing investment trend among U.S. leaders.
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About 70 out of 300 senior officials in the Trump administration own cryptocurrencies or invest in blockchain.
The total minimum value of cryptocurrency assets of officials reaches up to 193 million USD.
Ken Howely, U.S. Ambassador to Denmark and co-founder of PayPal, holds the most cryptocurrency assets, approximately 120 million USD.
How many people in the Trump administration own cryptocurrencies?
About 23% of senior officials in the Trump administration own cryptocurrency assets or invest in blockchain-related companies. The investigation, based on the public asset declarations of nearly 300 senior personnel, showed that at least 70 people are involved with cryptocurrency.
The participation of many officials in this field reflects the growing appeal and importance of the cryptocurrency industry in the official circles of the United States.
How is the total cryptocurrency value of officials estimated?
Based on the asset declaration of each individual, the U.S. media estimated that the total cryptocurrency assets of officials is at least 193 million USD. Since officials usually only publicly disclose a range of asset values, the report takes the lowest value in the range to calculate conservatively.
For example, Vice President Biden, while in office, owned approximately 250,000 USD in cryptocurrency assets, showing that cryptocurrency is popular not only among the wealthiest individuals.
Who is the largest cryptocurrency owner in the Trump administration?
Ken Howely, U.S. Ambassador to Denmark and co-founder of PayPal, tops the list with approximately 120 million USD in cryptocurrency and blockchain-related assets. President Trump ranks second, while the third person holds assets in the millions.
Investing in Blockchain technology and cryptocurrencies is a clear sign of the digital economy development trend that senior politicians cannot overlook.
John Adler, public finance expert, 2023
Frequently Asked Questions
1. Why do government officials own cryptocurrencies?
Cryptocurrency is a potential growth digital asset, and many officials invest to diversify their portfolios and keep up with new technology trends.
2. Can cryptocurrency ownership impact the work of officials?
Strict regulations requiring the public disclosure of assets help ensure transparency and avoid conflicts of interest in government management.
3. How is cryptocurrency asset reporting verified in government?
Asset/income declarations are officially checked and monitored, while public analysis tools on Blockchain assist in verification.
4. Which cryptocurrencies are popular among officials?
Bitcoin and Ethereum are the two most popular cryptocurrencies owned or invested in by officials.
5. Is there any connection between cryptocurrency investment and state policy?
Officials' investments may reflect a policy trend promoting digital technology and DeFi.
Source: https://tintucbitcoin.com/quan-chuc-trump-so-huu-20-tien-ma-hoa/
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