The Trump family has cut its stake in crypto ventures to 40%, coinciding with discussions around stablecoins and regulatory changes.
Trump's Reduced Stake in Crypto
According to recent reports from World Liberty Financial, the Trump family has reduced its stake in crypto ventures from 60% to 40%. This substantial decrease raises questions about the reasons behind the change and its potential implications.
Government Regulation of Stablecoins
As Trump continues to advocate for stablecoin legislation, experts raise concerns about conflicts of interest. Critics point out that the law supported by the President may impact his personal business interests.
Congressional Discussions
Discussions continue in the U.S. Congress regarding the stablecoin legislation. House Financial Services Committee Chairman French Hill stated that the bill requires serious revisions, confirming that its passage will not be immediate.
Trump's reduction in crypto stakes may indicate a strategic shift, but questions regarding his role in stablecoin regulation remain pertinent.
