NEW REPORT ALLEGES TRUMP BENEFITED $2.9 BILLION FROM CRYPTOCURRENCY BOOM CAUSED BY HIS POLICIES

Washington, D.C. – A striking report released on April 23 by the advocacy organization State Democracy Defenders Fund claims that former U.S. President Donald Trump amassed an estimated $2.9 billion in crypto assets in just six months, largely thanks to executive orders he issued.

The report argues that Trump’s policies, particularly an executive order signed in January, paved the way for private stablecoins to flourish while halting the development of a government-issued digital currency (CBDC). The policy change is said to coincide suspiciously with the launch of the “1USD” stablecoin – a new digital asset issued by World Liberty Financial, Inc. (WLFI), in which the Trump family owns a 60% stake.

Conflicts of Interest and Ethical Issues

According to analysts, Trump’s direct involvement with cryptocurrency projects such as the TRUMP memecoin and the 1USD stablecoin raises questions about apparent conflicts of interest. The former president frequently mentions TRUMP on social platforms, raising concerns that he is using his political influence to increase the value of his personal assets.

Although these assets are managed through a trust in the names of his sons, the report points out that the trust is not a blind trust, as is customary with previous presidents – a factor used to prevent overlapping interests while in office or after their terms.

Marketing Stablecoins to Foreign Governments

The report also raises the possibility of a violation of the Emoluments Clause of the US Constitution, as WLFI has been promoting the $1 stablecoin to foreign governments and sovereign wealth funds. If confirmed, this could be a serious legal issue for Trump, especially as he seeks re-election.

Congress Steps In

Meanwhile, Congress is considering the GENIUS Act, which would establish a legal framework for stablecoins in the US. However, the report criticizes the current bill for not including a prohibition on elected officials owning private digital assets, a loophole that Trump is said to be exploiting.

Trump to Release Financial Disclosures in Mid-May

The report concludes by calling on the US Congress to act to close the legal loophole that allows leaders like Trump to shape policy in ways that favor private wealth. Analysts expect the financial disclosures Trump will release on May 15 to shed more light on his involvement in these cryptocurrency projects.

Although the State Democracy Defenders Fund claims to be nonpartisan, the group has been identified by many independent observers as left-leaning, with funding from organizations such as billionaire George Soros’ Open Society Policy Center and the Sixteen Thirty Fund – familiar names in the liberal policy advocacy world in the US.