Is the Trump Crypto Conflict of Interests the Genuine FTX of This Price surge?
During the SALT conference in Jackson Hole, Rep. Angie Craig (D-Minn.) articulated what many in Washington have hinted at: the Trump crypto empire constitutes an insider trading scheme against Americans.
“There’s no mystery that my party would rather not see any sitting President — I won’t specify — engaging in this crypto market while in office unless those assets are in a secure trust,” Craig stated.
- 2016 Trump: Managed by neocon strategists
- 2020 Biden: Disliked crypto and primarily consumed ice cream
- 2024 Trump resembles a mob leader surrounded by sycophants who are privatizing crypto for the wealthy
That summarizes the situation. The pressing inquiry is, are these allegations accurate, and are we anticipating the next FTX collapse?
The Trump Family’s Crypto Initiatives
Since returning to the White House in January, Trump, alongside his sons Eric and Donald Jr., has been actively involved in the crypto sector. Trump has launched meme coins associated with his name, while Truth Social has submitted ETF applications.
Moreover, Eric Trump co-founded American BTC, a mining business affiliated with Hut 8.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Craig contended that this situation has emerged as “the elephant in the room” for Democrats deliberating the Digital Asset Trading market Clarity Act.
Trump ceased investigations into crypto fraud after initiating a crypto venture
Dismissed the ethics overseer monitoring him
Stopped probing into sex trafficking while safeguarding the Epstein files
Reversed foreign bribery laws while flying from Qatar
The real crime wave in DC is
pic.twitter.com/qAweBgv2H0
— Melanie D’Arrigo (@DarrigoMelanie) August 13, 2025
The ethical dilemmas are not new. Watchdog organizations and numerous lawmakers have pointed out that Trump is actively benefiting himself while influencing crypto legislation. The $TRUMP memecoin dinner at his Virginia golf course highlighted these concerns: leading coin holders were granted exclusivity and acknowledgment, while demonstrators outside accused the president of self-interest.
“Just because the corruption is visible to the public, where all can observe it, doesn’t imply it isn’t rampant and voracious.” ‒ Sen. Chris Murphy (D-Conn.)
Within the administration, Trump’s “crypto czar” David Sacks has minimized the issue, asserting that his role is to enhance the trading market, not to oversee Trump’s individual enterprises.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025
What Lies Ahead for Trump and Bitcoin
The Senate Banking Committee is currently developing an alternative version of the crypto market structure bill, while Republicans are united in their efforts.
In the meantime, we’ve never witnessed a President promoting memecoins, ETFs, and mining ventures simultaneously. Is any of this above board? At the very least, let’s hope we don’t witness an FTX 2.0.
Join The 99Bitcoins Announcement Discord Here For The Latest Market Updates
Key Takeaways
- Trump’s involvement in crypto raises numerous ethical questions. The critical issue is whether these accusations long-term holding any validity and if we are facing another FTX disaster.
- All eyes are on Powell this week amidst persistent inflation and weakening labor metrics.
The article Is Trump Crypto Conflict of Interests The Real FTX of This Bullrun? was originally featured on 99Bitcoins.
