Anthony Scarmocchi, a former White House communications director, has raised fears that President Donald Trump’s increasing participation in the encrypted currency can create “paths for the level of some corruption”.
His comments come at a time when new data shows that 58 encryption wallets made millions on Meme in Trump while losing 764,000 money.
Corruption and criticism of the executive demand
Speaking at the summit of digital assets in the Financial Times, Scrameschi criticized Trump’s increasing presence in the world of encryption, which includes projects such as Trump Mimi and World Liberty Financial.
He said that these projects are deviations at a time when the two parties are required to organize encryption. “Let’s give them all the use of doubt,” Skramucci said. “But I think there are paths of the level of some corruption and possible bribery and the evil.”
The founder of Skybridge Capital added that eliminating such deviations can help build confidence in encryption between the older legislators who are still skeptical in this industry.
Despite the criticism of the President’s encryption transactions, Scaracci gave the Trump administration a “B-Plus, A-MINUS” rating for its broader treatment of digital assets. He praised the White House encrypted consultant David Sachs for his attempt to build support between Democrats for the American Bitcoin store.
However, he criticized Trump’s move to create the American strategic bitcoin reserves through an executive order. The 61 -year -old believes that by doing this, he risks a future democratic president that reflects the matter. Instead, he argues that “there must be a commitment from the two parties” to such an initiative.
Millions of losses for Trump holders
Joint analysis data with CNBC He appears A total of 2 million, about 764,000 wallets bought the Mimi currency, has lost money. Meanwhile, only 58 wallets made more than $ 10 million each, which led to gains of $ 1.1 billion.
Trump suffered from a large price gathering after she promised its official website on the best holder at a private dinner party with the president. The event, scheduled for May 22 at the Trump National Golf Club in Washington, DC, includes a reception for the 25 largest governors and a tour of the White House. The currency interest increased by more than 50 % after the announcement, as its roof in the market amounted to $ 2.7 billion.
According to Chainalysis, since April 15, about 100,000 new portfolios have joined the project. About 54,000 of them were created shortly after dinner. Moreover, although 80 % of the distinctive symbol supplies remain, the insiders have already received more than $ 324 million through trading fees that are automatically directed to the project -related portfolios.
As a result, Trump’s global financial currency is now subject to. Legislators examine the conflict of potential interests with the president’s family, the structure of their ownership, and the sources of financing.
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