berg80
Diamond Member
- Oct 28, 2017
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Trump Media builds $2 billion bitcoin hoard, as cryptocurrency swells president’s net worth
Trump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to cryptocurrency continues to grow his net worth while in office.The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release.
Trump Media shares popped as high as 9% when markets opened Monday. They were up around 4% at 2 p.m. ET. Trump’s stake in the company — which trades on the Nasdaq under his initials, DJT — is worth nearly $2.3 billion.
Trump’s week of crypto embrace continues despite ethics red flags
President Donald Trump called bitcoin a scam against the dollar in 2021. You wouldn’t know it this week.Key members of the president’s inner circle are headlining the Bitcoin 2025 conference in Las Vegas, a vivid illustration of Trump’s dramatic turnaround on the issue and a key example of the mix of a political and personal embrace of cryptocurrency that’s raising new ethical issues.
While watchdog groups, congressional Democrats and even some Republicans have raised red flags about the Trump family’s entanglements with crypto, Trump is doubling down. Inside the White House, officials insist events like the memecoin dinner are “separate” from the White House and “unaffiliated” crypto enterprises. And despite the bipartisan eyebrow raises, officials say there’s no plan for Trump’s private ventures to be put on hold while he runs the executive branch — defending the revocable trust where most of Trump’s assets lie, which is controlled by his son, Donald Jr.
First question. Does anyone believe Don Jr. isn't being told what to do by his dad?
Secondly, who will be the first to admit that if Biden was banking billions based on the unethical investment in crypto.........
Trump, once a digital-currency skeptic, has vowed to make the U.S. the world’s cryptocurrency capital. He has already taken multiple steps in that direction by signing an executive order to establish a “strategic bitcoin reserve,” appointing a “crypto czar” and urging Congress to pass multiple crypto-related bills.
Trump on Friday signed one of those bills, the GENIUS Act, into law after it passed with bipartisan support in the House.
...........you folks would be calling him the most corrupt prez in US history?