During the Salt conference at Jackson Hole, representative Angie Craig (d-minn.) Did words to what many in Washington whispered: President Trump Crypto Empire is an initiate negotiation scam on the American people.
“It is not a secret for anyone that my side of the alley would prefer not to see a seated president – I will not name – participating in this market while a president in office unless these assets are in a sealed trust,” said Craig.
- 2016 Trump: had Wanglers and Neocon managers
- 2020 Biden: Crypto hated and just eaten ice cream
- 2024 Trump is only a mafia boss surrounded by yes men who deprive the crypto for the elites
This is the essential. The question is: are these statements true and were we looking at the next collapse of the FTX?
Crypto companies of the Trump family
Trump, with his sons Eric and Donald Jr., has been directly involved in industry since returning to the White House in January. Trump released parts of memes linked to his name, while Truth Social has deposited ETF applications.
In addition, Eric Trump co -founded American Bitcoin, a mining company held by Hut 8.
DISCOVER: Next crypto 1000x: 10+ Crypto tokens which can strike 1000x in 2025
Craig argued that this dynamic has become “the elephant in the room” for the Democrats given the law on the clarity of the asset market.
Trump stopped investigating cryptographic fraud after starting a cryptography company
Pulled the supervisory ethical watchdog
Ceased to investigate sex traffic while protecting Epstein files
Ended the foreign laws of corruption while taking a jet of Qatar
The real wave of crime at DC is
pic.twitter.com/qawebgv2h0
– Melanie d’Arigo (@darrigomelanie) August 13, 2025
Ethical concerns are not new. Surveillance groups and several legislators have reported the fact that Trump is actively enriched while shaping the cryptography policy. The $ Trump Memecoin dinner, organized in his Virginia golf club, crystallized these concerns: the best holders of chips were entitled to access and recognition, while the outdoor demonstrators accused the president of the self-burner.
“It is not because corruption takes place in public, where everyone can see it, it is not a raptor and raptor corruption.” – Senator Chris Murphy (D-Conn.)
Inside the administration, Trump’s “Tsar Crypto”, David Sacks, minimized the problem, insisting that his job is to develop the market, not to Trump’s personal business police.
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Which then comes for Trump and Bitcoin
The Senatoric Banking Committee works on a competing version of the bill on market structure and the Republicans are growing in Lockstep.
Meanwhile, we have never seen a president pushing mecoins, ETFs and mining interests at the same time. Is this legal? At the very least, I hope that we do not see FTX 2.0.
Explore: CEO of Tether Paolo Ardoino hopes that the positive net of the American elections, says that Bitcoin, the strategic reserve is an excellent idea: 99Bitcoins exclusive
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Main to remember
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Trump Crypto raises many ethical red flags. The question is: are these statements true and are we looking at the next collapse of the FTX?
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All eyes are on Powell this week. While inflation persists and labor metrics soften.
The post is Trump Crypto Confliss of Intests The real FTX of this Bullrun? appeared first on 99Bitcoins.
