Revealed: Corruption Risk in Trump-Linked Crypto Projects

Jakarta, Pintu News – In an exclusive interview with BeInCrypto, Timothy Massad, former US CFTC Commissioner, reveals how crypto activities related to President Trump and his political power have overlapped significantly in his first two months in the White House.

Before taking office in 2016, Trump had already broken long-standing conflict-of-interest norms. As a real estate mogul with a trademarked last name, Trump entered the Oval Office as the leader of a multi-billion dollar empire.

Trump’s involvement in World Liberty Financial

Although Donald Trump has no direct role in World Liberty Financial (WLF), he is listed as the “Chief Crypto Advocate” in the project’s documents. His three sons, Eric, Donald Jr. and Barron, are also listed on the support team.

Prior to the launch of WLF, many prominent figures in the crypto sector had warned that the project could add to Trump’s legal troubles. The CEO of Hiro’s Web3 platform, Alex Miller, even called the project a “clear pump and dump scheme”.

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Controversial Investments and Conflicts of Interest

Justin Sun, founder of TRON, became WLF’s largest investor in November by purchasing $30 million worth of WLF tokens. Less than two weeks ago, reports emerged that the Trump family had been in talks to acquire a financial stake in the US division of Binance. This move raised further concerns about potential conflicts of interest that could affect crypto policy in the US.

Crypto Market Manipulation?

A week after March, Trump signed an executive order to establish the US Crypto Strategic Reserve and Digital Asset Stockpile. This move raises serious questions about possible manipulation of the crypto market by those with political power. Trump’s involvement in the crypto industry has caught the attention of various political figures, especially those focused on ethics and government oversight.

However, the US President is largely exempt from conflict of interest provisions, based on a legal interpretation that such laws may impede the President’s ability to fulfill his constitutional duties.

Conclusion

This case highlights the importance of transparency and accountability in the management of public policy, especially when it comes to new and potentially paradigm-shifting financial technologies such as crypto. Rigorous oversight and a deep understanding of these technologies are essential to ensure that policies are made that not only benefit the few but also protect the broader public interest.

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Reference

• BeInCrypto. Ex-CFTC Chair: Trump Crypto Warning. Accessed on March 27, 2025
• Featured Image: CNN