Friday, the cryptography of the White House crypto diverted questions from the crypto -conflict of crypto of potential interests by President Donald Trump, saying that the president’s own digital companies – as his controversial – is “not relevant” to administration policy in the same area.
“I don’t think it had an impact,” said Sacks when Trump’s cryptographic projects had affected the industry regulation. “I think it’s a bit relevant for what we are doing here.”
When asked for him shortly after the president’s “personal investments” in cryptocurrencies like Bitcoin, Trump’s advisor offered a brave reprimand.
“These are not facts,” said Sacks.
Before his return from the White House, Trump lent his brand to many cryptographic projects, including an Ethereum decentralized, World Liberty Financial, a piece of solana, Trump and several collections of negotiation cards NFT.
Each of these projects seems to have collected considerable profits and has benefited from the president’s approval. Trump companies have collected millions of dollars in the initial sale of these NFT collections, for example, while the gradually unlocking of Trump tokens which will ultimately be held by its companies is currently evaluated in total of $ 10 billion.
It is not known publicly, however, what part of these income went directly to the president’s pockets. In the case of World Liberty, an LLC associated with Trump will receive 75% of net revenues that the protocol makes more than $ 30 million – a figure which, according to data on the dune chain, could exceed $ 200 million in the sale of WLFI tokens alone.
Since the start of Trump’s second term, federal regulators have also adjusted their cryptographic policies in a way that benefited the president’s own projects. Only a few days after the launch of the same corner of Trump, the leader of the new working group on the cryptography of the dry, Hester Peirce, said that the token would probably not be the jurisdiction of the regulator.
A few weeks later, the SEC published an official declaration announcing that the pieces even should not generally be considered as titles.
Edited by Andrew Hayward
Daily debriefing Bulletin
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