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Trump kept crypto ties while regulators eased, paper says
The article says Trump’s personal crypto-related moves included the World Liberty Financial deal and profits tied to the industry.
A Guardian Business analysis argues that President Donald Trump’s embrace of cryptocurrency has moved the industry closer to the formal financial system, partly through reduced regulatory pressure.
The piece links Trump’s crypto-related financial gains to what it describes as official influence, stating he earned $1.2 billion last year from cryptocurrency and a total personal fortune of $2.2 billion during his first year in office. It also notes that Trump did not place assets in a blind trust, as some presidents have done.
The article says Trump’s most lucrative maneuver came from the cryptocurrency industry and describes a Washington quid pro quo as regulators “off crypto’s case,” while also describing how crypto can be used to support crime and sanctions evasion, along with offering volatile assets to retail investors.
It further points to Trump’s involvement with the crypto company World Liberty Financial, including a transaction in which he sold 49% to an investment firm tied to the United Arab Emirates for $500 million, and frames that shift as part of the broader risk to economic stability.