How Trump's family-bound crypto deals threatened with a scandal in a hunter-bid style scandal in the White House

Donald Trump risks to prevent his presidency with an influencing scandal in the Jäger-Biden style, unless he stuck questionable crypto deals that his family has colored with investors in the Middle East and China, said the mail.

Trump catches the flak from both sides of the aisle, as a foreign allowance to two family-bound crypto projects flows the $ Trump Meme Coin and the world Liberty Financial. In both examples, critics claim that foreign companies are trying to influence the White House.

“There is certainly a parallel to Hunter Biden who, as Vice President of the name of his father, exchanged,” said former US MP Charlie Dent (R-Pa.), Chairman of the House Ethics Committee.

The recent obvious conflict of interest appeared last Tuesday when an unknown Chinese e-commerce company GD Culture Group with zero income, eight employees and a company that depends on Tikok said that it would buy up to $ 300 million Trump as a Trump plans to allow Tikok, despite the ban on the congress online in the USA.

According to the crypto industry experts and ethics officers, such business threatens to derail Trump's efforts to legitimize the crypto sector. They also offer democratic critics.

“You have to start with the president of telling your family what they can do and what not and which lines cannot be crossed. It has to come from him,” said Dent. “If the shoe were on the other foot, the Republicans would scream bloody murder over this stuff.”

Hunter Biden was exposed to the demands of influence for years ago due to the alleged sale of the then Vice President Joe Biden, while he is sitting on the board of the Ukrainian gas society Burisma.

World Liberty Financial is in the possession of a Trump company and has Donald Trump Jr., Eric Trump and Zach Witkoff-the son of the Top consultant of the White House, Steve Witkoff-as important executives.

“President Trump's assets are in a trust that is managed by his children,” said Anna Kelly, deputy press spokeswoman for the White House. “There are no conflicts of interest.”

Representatives of World Liberty Financial and the Trump organization have not returned any inquiries about comments.

Mark Hays, deputy director of cryptocurrency and financial technology among Americans for financial reforms, pointed out the inclusion of Chinese investor Justin Sun, a billionaire and founder of Tron, who brought into the World Liberty Financial into the world Liberty Financial shortly after the Trump took office.

His investment is now at 75 million US dollars. According to Hays, he is now one of the largest investors in World Liberty Financial and a “potential security risk”.

“I think that the commitment of the president of crypto companies creates a very easy opportunity for the president to commit to politics with crypto and vice versa for foreign actors,” said Hays. “There are many ways to move money quickly and operatively that do not appear in a balance sheet.”

In 2023, the SEC submitted a civilian value paper fraud against Sun. However, lawyers of the agency and Sun in February said they wanted to pay the case.

“There are a lot of opportunities for harassment here,” added Hays.

The $ Trump Meme coin is exhibited by Trump Family Enities, which control 80% of the offer and profit when they are traded. A related Melania coin of $ Melania, named after the first lady, was also published.

The Trump organization has explained that the president handed over his children to his interests every day when entering the White House and is not directly involved in decision-making.

Nevertheless, the dynamics “threatens to make crypto on Capitol Hill again, and that is a big problem for an industry that mostly supported him in the last elections,” said Eric Soufer, head of advanced tech practice at consulting company Tusk Strategies.

“You need reasonable rules to build up the trust of the investors and to remove the comic evil from the industry. But at the moment Trump's people make him look like one.”

An investment company based in Abu Dhabi said at the beginning of this month that in the amount of USD1, the StableCoin issued by World Liberty Financial, it would use $ 2 billion to the Krypto Exchange Binance, whose founder Changpeng ZHAo was locked up in the USA last year due to money laundering.

World Liberty is positioned for continuous profits in this deal, since StableCoin emitters usually invest the money in US finance bonds and set the interest.

Critics were annoyed last month after Trump said that on May 22nd he organized an exclusive dinner for the top owners of his $ Trump coin in his golf club in Virginia. A recently carried out Bloomberg analysis showed that 19 of the 25 top 25 bought the coin on international stock exchanges that the American customers exclude what they are probably foreign.

Before his election, Trump received unprecedented support for crypto and tech managers to facilitate the federal regulations for the young industry.

While his early efforts to support the industry, such as typing David Sacks, as the first crypto tsar of the White House, have grown to widespread praise, fear that Trump's personal investments will give a shadow on the efforts to regulate the regulation.

Mike Chan, who invests in early stages in crypto startups in his permanent deep ventures, described the crypto shops of the Trump family as a “great conflict of interest”.

“He blurs these lines, which makes everything that happens on the regulatory front, makes less legitimate and our industry looks less legitimate because he emits his bags,” said Chan.

A recent analysis by Fortune showed that Crypto Holdings now accounts for almost 40% of Trump's total assets or the equivalent of 2.9 billion US dollars.

Last week the Genius Act, a pioneering law that would determine the federal rules for stable coins, was shot down in the Senate, with several democrats $ Trump and World Liberty Financial cited as the reason why they could not support legislation.

When it became clear that the legislation did not have the votes that were to be passed, said Sen. Cynthia Lummis (R-Wyo.), On the hill as a “crypto queen”, the New York Times that the interests of the family Trump had created “challenging” look.

When asked whether the senator was concerned about possible conflicts of interest, a LummiS spokesman rejected further comments.

“President Trump promised to be the most pro-digit president in history and he delivers,” said Lummis in an explanation of the post office.

“This is such an important topic and the congress has to deliver,” added Lummis.