Recent studies have revealed that senior officials in the Trump administration hold crypto assets worth over $193 million, underscoring the influence of digital currencies on political and financial processes in the U.S.
General Data on Crypto Assets
A total of around 70 officials in the Trump administration have declared crypto assets amounting to at least $193 million. Ken Howely stands out among them, holding assets worth $120 million, while President Trump is in second place with $51 million.
Influence on Policy
Changes in U.S. policy regarding cryptocurrencies paint a new landscape in financial regulation. The establishment of a strategic Bitcoin reserve highlights the government’s active engagement in digital currencies and their potential to enhance the country's competitiveness on the international stage.
Bitcoin Market Trends
According to CoinMarketCap, the current price of Bitcoin (BTC) is $118,422.61, with a market cap of $2.36 trillion. Despite a 1.62% drop over the past 24 hours, Bitcoin maintains a dominant 60.87% market share. Over 90 days, BTC has surged by 39.08%, reflecting dynamic market fluctuations.
Revelations regarding crypto assets held by Trump administration officials further underscore the growing influence of digital currencies on political and economic processes in the U.S., suggesting potential changes in regulation and integration of digital assets into traditional financial systems.
