President Trump Substantially Increased Wealth in Short Period of Time After Crypto Foray, Says Nonprofit
A nonprofit organization said President Donald Trump has significantly increased his net worth in a short time after the adventure in the world of crypto assets.
According to a new study conducted Through the action of state democracy, a nonprofit group dedicated to ending autocracy in the US, Trump not only increased his wealth through crypto but set himself to earn more future income.
The study further stated that Trump's power position allowed him to loosen the regulatory policies on tokens associated with his decentralized finance (DEFI) Platform World Liberty Financial (WLFI), established in September 2024.
“President Trump's recently -foray in crypto possessions allowed him to increase his wealth in a relatively short time. Trump is likely to earn from them in the future now that one of the companies he is affiliated has added a new stablecoin to its portfolio.
Unlike other executive branch employees, he was not subject to the main criminal conflict of the Law of Interest, which allowed him to adopt regulatory policies that favored private sectors that stablecoins such as those offered by WLFI. “
Fortune noted, the study found that Trump's $ 2.9 billion worth of cryptocurrencies consisted of 37% of its total ownership, worth $ 7.7 billion. The study ended by noticing that Congress has the power to prevent Trump from profit from digital assets.
“The regulation of digital possessions is in its nascency, but instead of overthrowing his crypto property to prevent any possible conflict of interest, President Trump seems to have positioned himself to maximize profiling from them by adopting a less aggressive regulation and implementation program.
Congress has a unique opportunity to prevent President Trump and future presidents from using their public office for private benefits by adopting law that prohibits them and other elected officials from handling stablecoins and other digital ownership. “
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