Donald Trump risks the subjection of his presidency with a Hunter Biden -style hunting scandal, unless he sinks into questionable crypto treatment that his family has entered with investors in the Middle East and China, the experts in The Post said.
Trump is catching both sides of the aisle, while foreign money is packed with two family -related cryptographic projects: the $ Trump Meme and World Liberty Financial coin. In both examples, critics claim that foreign entities are trying to buy influence with the White House.
“There is certainly a parallel to Hunter Biden, who traded his father’s name as he was vice president,” said former American president Charlie tooth (R-Pa.), Who was chairman of the Chamber’s Ethics Committee.
The last apparent conflict of interest appeared last Tuesday, when an unknown Chinese electronic commerce GD Culture Group with zero revenue, eight employees and a Tiktok-based business said that he would buy up to $ 300 million from Trump, even when Trump weighs plans to allow Tiktok to stay online in the United States despite the ban on congress.
These offers threaten to derail Trump’s efforts to legitimize the crypt sector, according to experts in the crypt industry and ethics officials. They also provide feed to democratic critics.
“You have to start with the President by telling his family what they can and cannot do and what lines cannot be crossed. He must come from him,” said tooth. “If the shoe was on the other foot, the Republicans would be shouting a bloody murder for these things.”
Hunter Biden faced years of congressions from Congress on claims of influence to allegedly sell access to the then Vice President Joe Biden while sitting on the Ukrainian Gas Company Council Burisma.
World Liberty Financial is the majority property by a Trump business entity and has Donald Trump Jr., Eric Trump and Zach Witkoff, son of White House Advisor Steve Witkoff, as key executives.
“President Trump’s assets are at a confidence managed by his children,” said Anna Kelly, the White House Secretary of the White House, in a statement. “There is no conflict of interest.”
Representatives of World Liberty Financial and the Trump organization did not return the remarks of comments.
Donald Trump Jr. He was worried again about Crypto’s offers in a statement.
“I am a private citizen who has been a business man and serial investor all my adult life, unlike Hunter Biden, who temporarily put the crack pipe and started doing business once his father was sworn as vice president,” said Trump Jr.
“The left -wing media deceptively combines Hunter Biden trying to sell access to his father’s office to influence government policy with my job construction companies and invest in North -American companies, efforts that have nothing to do with the influence of government policy.”
“I was a business man before my father was elected to office and I will be one after his time in office, unlike Hunter’s art career, which ended at 12:00 on January 20, 2025,” he added. “It is ridiculous to wait for me to stop doing what I have always done to provide my five children just because my father was elected president.”
Mark Hays, associate director of Cryptocurrency and Financial Technology of the North -Americans for financial reform, said the participation of Chinese investor Justin Sun, a billionaire and founder of throne, who initially dumped $ 30 million in World Liberty Financial in 2025 shortly after Trump took office.
Your investment is now $ 75 million. He is now one of the biggest investors in world freedom and a “potential risk of safety”, according to Hays.
“I think the President’s participation in Crypto Ventures creates a very easy opportunity for the President to participate in the payment to play politics through crypto and vice versa for foreign actors,” said Hays. “There are many ways to move money quickly and opaque that will not appear in a balance.”
The Sec presented a case of civil values fraud against Sun in 2023. However, the agency lawyers and Sun said in February they were looking to resolve the case.
“There are many opportunities here for Chicanery,” added Hays.
The $ Trump coin is issued by Trump Family Entities, which control 80% of the supply and benefit whenever it is contributed. A related $ Melanian coin was also published, so named by the first lady.
The Trump organization has said that the President handed over the daily management of his interests to his children when entering the White House and is not directly involved in decision -making.
However, the dynamic is “threatening to re -crypo Radioactive in Capitol Hill and this is an important problem for an industry that supported him overwhelmingly in the last election,” said Eric Soufer, head of the advanced technological practice of the Advisory Firm Tusk Strategies.
“You need sensitive rules for creating investors’ confidence and purging industry comics villains. But right now, Trump’s people make him look like one.”
An Abu Dhabi -based investment firm said that earlier this month, USD1 would be used, the Estaboin issued by World Liberty Financial, to make an investment of $ 2 billion in the Chinese Crypto Exchange Crypt, whose founder Changpeng Zhao was imprisoned last year in the United States with federal money -litter.
World Liberty is positioned to make continuous benefits in this agreement because Stablecoin broadcasters normally invest money in US treasure bonds and interests.
Critics were similarly issued last month after Trump said that he would host an exclusive dinner on May 22 for the owners of his $ Trump currency at his Virginia Gulf Club. A recent Bloomberg analysis found that 19 of the first 25 bought the currency in international exchanges that exclude customers based in the United States, which means that they are probably foreigners.
Trump obtained unprecedented support from Crypt and Technology executives before their elections with the promises of facilitating federal regulations on the industry.
Although their first efforts to support the industry, such as playing David Sacks, as the first Crypt Tsar in the White House, they have managed to praise widespread, a bit of fear that Trump’s personal investments will emit a shadow on their efforts to regulate it.
Mike Chan, who invested in early stage startups to his firm ventures Deep Ventures, described the Trump family’s crypt treatment as a “great conflict of interest.”
“These lines are blurring, which causes everything that happens on the regulator front and makes our industry less legitimate because it is aligning the pockets,” said Chan.
One of Fortune’s recent analyzes found that Crypto Holdings now represents almost 40% of Trump’s global net value or $ 2.9 billion.
Last week, the Genius Law, a bill that would establish federal rules for staboins, was shot down in the Senate, with several Democrats citing $ Trump and World Liberty Financial as the reason why they could not support legislation.
It was clear that the bill did not have the votes to pass, Senator Cynthia Lummis (R-Wyo), known on the hill as the “Queen Crypt”, told the New York Times that the Trump family’s interests had created “challenging” optics.
When the senator asked if the senator was concerned about potential conflicts of interest, a Lummis spokesman rejected more comments.
“President Trump promised to be the most pro-Digital President of History’s most pro-Digital Assets,” Lummis said in a statement.
“This is such an important issue and Congress has to deliver,” Lummis added.
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