Trump $2.4B Crypto Gain Dey Spark Ethics Probe, Volatility
Trump crypto money since 2022 na reach about $2.4 billion, na be 43.5% of him political career money wey people sabi. Main source na $1.3B from Bitcoin treasury for Trump Media & Technology Group, $412.5M from World Liberty Financial token sales, $385M from TRUMP memecoin, $243M from UAE crypto deals, $14.4M from NFT collections, and $13M from American Bitcoin mining.
This crypto gain be sharp about turn from how Trump been dey doubt am for 2019. The increase don make people worry say ethics fit dey involved. Democratic lawmakers talk say fit be say him fit don break federal ethics laws, emoluments clause, plus conflict-of-interest wahala wey relate to him memecoin plus proposed stablecoin.
During him time as president, SEC ease crypto enforcement and handle bank risk. Traders wey dey follow Trump crypto money suppose dey watch market wahala and policy change if investigations tight. Big name for the matter fit make NFTs, memecoins, and blockchain media investments get more respect.
Bullish
Trump big crypto earnings dey signal strong demand plus high-profile backing for NFTs, memecoins and blockchain bizness dem, wey fit boost investor confidence and liquidity. Di size of di $2.4B windfall show say market like celebrity-driven tokens like TRUMP. For short term, traders fit see price spikes and high volatility as speculators jump in. For long term, more checks and maybe regulatory moves from ethics investigations fit slow growth but also help market matures, build trust for compliant projects. Overall, high-profile adoption likely dey fuel strong positive vibes for related digital assets.