Trump Media and Technology Group announced major investments in Bitcoin right after the signing of the GENIUS Act, raising public scrutiny.
Signing of the GENIUS Act and its Implications
On July 18, 2025, President Donald Trump signed the GENIUS Act, requiring companies issuing stablecoins to maintain 100% reserves in cash or short-term Treasuries. The law also includes buyer protections by banning misleading advertisements. This act is a significant milestone for recognizing cryptocurrencies as part of the US financial future.
Trump Media's Investment in Bitcoin
Three days later, on July 21, 2025, Trump Media announced the purchase of $2 billion in Bitcoin and related financial products. This raised questions about the president's intentions and possible use of power to safeguard and enhance his personal wealth. Many note the timing of the announcement was carefully planned, following changes in the legal landscape.
Ethical Aspects and the Cryptocurrency Market
Observers criticize the potential conflicts of interest arising from Trump's actions, as he runs a company that directly benefits from new laws. Ethical experts emphasize the importance of maintaining a clear separation between public service and personal business. Even if no specific laws were violated, there remain serious concerns about integrity and transparency in governance where personal gain from legislative changes exists.
Recent events raise crucial questions about the interplay between power and finance, as well as how they affect fairness and transparency in governance.
