Trump's cryptocurrency policy raises ethical concerns — Bloomberg

As President Donald Trump's family deepens its involvement in the crypto industry, his billion-dollar fortune is becoming increasingly tied to bitcoin. Trump's sons now headline cryptocurrency conferences worldwide, while the president actively promotes digital assets in the US and supports key sector figures. With the industry's success now directly impacting his family's wealth, ethical questions about potential conflicts of interest are mounting, Bloomberg reports.

The concerns intensified when Trump Media and Technology Group, the president's financially struggling company, announced plans to raise $2.5 billion for bitcoin purchases. CEO Devin Nunes hailed the move as "apex instrument of financial freedom."

Trump Media joins over 30 US public companies adding BTC to corporate treasuries. Bernstein analysts project institutional Bitcoin investments could reach $330 billion by 2030.

Bitcoin has surged 55% since Trump's election victory, briefly touching $111,000 last week. However, Trump Media shares have fallen 34% over the same period, Bloomberg data shows.