“The market is driven by corruption” on Bitcoin Trump, the Etherum Crypto: David Sacks denies conflict – Bitco Mini Trust (BTC) common units of useless useless interests (ARCA: BTC)
Gordon Johnsonand and Analyst Glj SearchHe criticized what the market called “corruption” on Sunday after the president Donald TrumpAnnouncement of coded currency reserves in the United States Includes many digital assets.
What happened: “The markets are driven by corruption. Johnson wrote on X, in response to allegations that the purchases of the encrypted currency proposed by Trump are in line with the property that was owned by his encryption consultant. David Sachs.
The controversy appeared after Trump announced plans for the strategic cryptocurrency reserve that will include Bitcoin BTC/USDand ethereum Eth/USDand Xrp XRP/USDand Solana SplAnd Cardano Ada/USD. The advertisement sent the encryption markets, where Bitcoin jumped 8.82 % to 93,653 dollars, while Cardano rose by more than 70 %.
Armand DumuskI, the co -founder Yimbys Harris“Naked corruption” has claimed Trump’s choice of cryptocurrencies, claiming that it matches the bag wallet. Bags, appointed to the White House AI and Crypto Czar in December 2024, quickly denied this accusation.
“I sold every encrypted currency (including BTC, ETH and Sol) before the administration started,” Sacks wrote on X, indicating that he had affected his property to comply with government ethics rules.
See also: The legend of the American Professional League says Shack that his net wealth is “quadruple” as soon as he noticed it from Jeff Bezos and began to invest in things “changing people’s lives”
Why do it matterThe announcement came after Trump issued an executive order in January, which led to the creation of a working group of cryptocurrencies. Critics is like an economist Peter Chef I doubted the logical basis including altcoins, especially XRP, while the founder of Cardano Charles Hoskinson Defend the choices.
The global market value of the encrypted currency jumped by 10.57 % to $ 3.12 trillion after Trump’s announcement, even with shares in stocks decreased.
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