#TrumpBitcoinEmpire Donald Trump, once skeptical of bitcoin, now actively supports it. He has built a significant presence in the bitcoin world through various ventures.

Trump's company, Trump Media & Technology Group (TMTG), has invested about $2 billion in bitcoin. This represents two-thirds of the company's $3 billion in liquid assets. Additionally, TMTG allocated $300 million toward bitcoin-related options, with plans to convert them into spot bitcoin based on market conditions.

He also launched a digital token called $TRUMP memecoin, which is a type of bitcoin token. This token was introduced just before his inauguration. Recently, Trump attended a private gala at his golf club in Virginia for top holders of this memecoin.

Another venture is World Liberty Financial, a digital assets startup. Trump's family has made around $500 million from this platform since its launch. The company plans to make its tokens tradable, bringing it closer to building a more open financial system.

These activities have raised concerns among ethics watchdogs and some lawmakers. They worry about potential conflicts of interest, as Trump's business ventures are closely tied to his political role. Some in the bitcoin industry also fear that his involvement could undermine their policy agenda.

Despite these concerns, Trump's administration has taken steps to support the bitcoin industry. He signed the GENIUS Act into law, establishing federal guidelines for stablecoins. His administration has also dropped several lawsuits against major bitcoin firms.

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