Trump's allies embrace cryptocurrency with significant investments
- Around one in five of Donald Trump’s closest allies currently hold significant assets in cryptocurrency, including members of his administration.
- The total reported cryptocurrency assets among Trump's officials amount to at least $193 million, in stark contrast to the Biden administration's complete lack of reported digital investments.
- These developments reflect a significant shift in attitude towards cryptocurrency within the Trump administration, contrasting sharply with previous presidents.
In the United States, a recent report revealed that approximately 20% of Donald Trump's closest allies, including key cabinet members, possess substantial investments in cryptocurrency. Notably, Vice President JD Vance and Treasury Secretary Scott Bessent are among those disclosing personal stakes in digital assets. Examination of financial disclosure forms from nearly 300 high-level appointees showed that at least 70 officials, including nominees, are involved in cryptocurrency or blockchain investments. The total reported cryptocurrency assets by Trump officials and nominees amount to a minimum of $193 million. This figure is particularly striking when contrasted with the Biden administration, wherein no officials reported any digital currency investments, highlighting a notable shift in the approach towards cryptocurrency between the two administrations. President Trump himself has declared considerable investments, totaling at least $51 million, indicating a notable change in his attitude toward digital currencies since his first term. Although he exhibited skepticism initially, his recent remarks, including a statement on Truth Social celebrating