Markets Daily Crypto Roundup Crypto Update | What Crypto Assets Are Trump Involved With?
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Mar 12, 2025 Sam Kessler, CoinDesk's Deputy Managing Editor of Tech and Protocols, dives into President Trump's intriguing role in the crypto space. He discusses Trump’s shift from skepticism to active involvement with meme coins and NFTs. Kessler unpacks potential conflicts of interest tied to Trump’s dual roles and examines the ethical implications of his investments in the DeFi project World Liberty Financial. The conversation also explores the president's political ties within the crypto landscape, raising questions about transparency and influence.
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Trump's Transactional Approach to Crypto
- Donald Trump's transactional nature is evident in his presidency, especially regarding the cryptocurrency industry.
- His approach to deals and policies reflects a focus on immediate gains and personal benefit.
Trump's Unconventional Investments
- President Trump's open investment in industries he influences breaks with traditional norms.
- He has not released his tax returns and actively participates in markets he regulates.
Trump's Crypto Ventures
- Trump launched a meme coin, Trump, days before his second inauguration, alongside NFTs and a DeFi project (World Liberty Financial).
- He claims no official role but is entitled to 70% of the platform's gross revenues.