Individuals stroll previous a cryptocurrency trade workplace with a display screen that includes US President Donald Trump holding cryptocurrency cash in Hong Kong.
MLADEN ANTONOV/AFP by way of Getty Photographs
disguise caption
toggle caption
MLADEN ANTONOV/AFP by way of Getty Photographs
Individuals stroll previous a cryptocurrency trade workplace with a display screen that includes US President Donald Trump holding cryptocurrency cash in Hong Kong.
MLADEN ANTONOV/AFP by way of Getty Photographs
President Donald Trump has been clear about eager to make the U.S. the crypto capital of the world. What’s turning into clearer is how a lot Trump is personally invested within the trade succeeding.
A new report from State Democracy Defenders Motion finds that Trump’s crypto holdings signify practically 40 p.c of his internet value.
That features the president and his meme coin, in addition to offering a dinner and personal White Home tour to the very best buyers. And a recent deal by the Trump family’s crypto firm, World Liberty Monetary, to an Emirati state backed enterprise fund has raised eyebrows.
These private dealings are catching the eye of these on the Hill. On Tuesday, Democratic Consultant Maxine Waters of California blocked a joint listening to on cryptocurrency coverage.
In the meantime, on Thursday, a key cryptocurrency bill stalled over considerations of the president’s crypto dealings. One of many loudest voices towards the invoice was Democratic Senator of Oregon, Jeff Merkley.
We get into all of this throughout our newest installment of, “If You Can Hold It.”
Discover extra of our packages online. Hearken to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
