The US Senate adopted an important regulation law on Stablecoins with the broad support of two parties. Shortly before the discussion of the Law on the House of Representatives, it was revealed that former US President Donald Trump and his family reduced their shares in the pareld Liberty Financial’s parent company in the crypto currency sector. This move of the Trump family drew attention in terms of the future of the sector and the relations with politics.
The decreasing share of the Trump family in the crypto sector
The DT Marx defi LLC company reduced the share of World Liberty Financial from 60 %to 40 %. The legal statements of the platform include this company “Donald J. Trump and an organization linked to some family members”. Trump’s activities in the crypto industry have long been providing significant income and its financial interests have been brought to the agenda, especially during regulation debates. The special ownership rates of the Trump family in World Liberty Financial and subsidiaries are not completely transparently explained.
Stablecoin Law and Discussions
The Stablecoin arrangement, which is accepted in the Senate, is currently on the agenda of the House of Representatives. The law involves the fact that companies are subject to tighter control and reserve requirements of Crypto currencies indexed to USD (US Dollar). If this regulation is enacted, World Liberty Financial’s USD1 stablecoin is expected to adapt to regulations.
Some senators questioned whether Trump’s direct investment in the stablecoin industry is ethical. In particular, politicians such as Elizabeth Warren, Richard Blumenthal and Chris Murphy said that arrangements may affect the former president’s own commercial interests.
Senator Elizabeth Warren: “It is not appropriate for a president to be directly effective in the regulation of his own company.”
Trump’s political allies claim that the activities of family companies in the crypto sector are carried out transparently against these claims. However, explanations about both the Trump family and the World Liberty Financial about all public shareholders and management positions seem incomplete.
Other connections of the Trump family in the crypto industry
The Trump family’s activities in the crypto industry are not limited to Stablecoin. Donald Trump recently organized a special dinner with investors who have recently invested in a personal Memecoin. It was reported that some of the investors were foreign nationals and their identities were not explained to the public. The Trump family’s NFT sale is a Bitcoin of $ 2.5 billion through the media company $103,918.75 The work execution to create a reserve fund and Eric Trump’s management of a new Bitcoin mining initiative was also among the remarkable developments.
The recent crypto currency investments and collaborations of the Trump family have aroused a wide range of repercussions in the market. Some experts report that investment in the crypto sector at the presidential level may increase systematic risks and highlight the regulation needs.
According to the public statements, all these crypto transactions of the Trump family are commercially reported. Nevertheless, it is stated that there is no access to detailed and up -to -date data about the ownership structure of related companies and family members. World Liberty Financial and Trump reportedly have not yet received an official statement from the institutions.
Developments for the investments of the Trump family in Stablecoin and other crypto assets are closely monitored in terms of regulation of digital assets in the US and intertwined politics. Despite various criticisms, the progress of legal regulations is considered as the beginning of the new era for both market players and public authorities.
While reducing the Trump family’s share in the stablecoin industry, there is a process in which the steps to regulate stablecoins are accelerating. The impact of the Trump family in many areas of the sector and various commercial activities are important for those who closely follow the developments in crypto markets. The relevant legal regulations increase the question marks of both the transparency of the sector and the relations between politicians and business world. Readers should carefully monitor current developments on investments and regulation changes in the crypto sector; It should be remembered that shareholding requires transparency, especially in public companies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
