TRUMP CRYPTOSCAMMER
A report by the anti-corruption organization Accountable.US claims that Donald Trump's fortune is intrinsically linked to the cryptocurrency market, with approximately $11.6 billion of his net worth (out of an estimated total of $15.9 billion) coming from this sector. The analysis reveals previously undisclosed investments, including tokens from Trump's company, WorldLiberty Financial Inc., and the memecoins $TRUMP, as well as significant investments in Bitcoin by Trump Media. Accountable.US accuses the president of using his office to promote his financial interests in the cryptocurrency market, undermining regulation and favoring legislation such as the Genius Act and the Clarity Act, which directly benefit his investments.
The report highlights the dissolution of oversight units in the Department of Justice and the interruption of SEC investigations as examples of actions that favored Trump's enrichment through cryptocurrencies. The organization argues that these actions send a clear message of tolerance for dubious behaviors in the cryptocurrency market, especially when they benefit the president and his family. The inherent instability of cryptocurrencies, particularly stablecoins, is identified as a significant risk to the American economy, exacerbated by Trump's policies.
Accountable.US concludes that Trump is creating a "new era of speculation akin to a casino on Wall Street," using the volatility of the cryptocurrency market for his own gain, with the potential to negatively impact the retirement savings of American citizens. The report serves as a strong denunciation against the president, accusing him of abuse of power and illicit enrichment through opaque practices in the cryptocurrency market.
