Trump Media allegedly intends to delve into Bitcoin; Democrats seek to obstruct Trump's proposed stablecoin
In the rapidly evolving world of cryptocurrency, the activities of the Trump family have become a subject of interest and debate. Here's a breakdown of the key facts surrounding their involvement in the crypto sphere.
The GENIUS Act, signed into law by President Donald Trump in July 2025, established the first major federal regulatory framework for stablecoins. This legislation requires full reserve backing, monthly disclosures, and strict rules to prevent misleading marketing. The Act aims to strengthen the U.S. dollar, enhance national security, and bring digital currencies into the mainstream financial system [1][2][3][5].
Under this regulatory structure, the Trump family's cryptocurrency ventures, such as the USD1 stablecoin issued by World Liberty Financial, are subject to these regulations. However, no specific ethical breaches have been publicly detailed [1][3]. Trump's role appears primarily legislative and promotional, aiming to position the U.S. as a global crypto leader, with commitments to transparency and reserve requirements built into current regulations [1][3].
One of Trump's ventures, Trump Media, aims to raise $2 billion in capital and issue $1 billion in convertible debt. Notably, Strategy, a hedge fund, has used convertible bonds as part of its financing to purchase 580,250 bitcoins valued at $63.6 billion [6].
The public's perception of the Trump family's activities as a conflict of interest has fluctuated. An initial vote showed that 75% of people viewed these activities as a conflict, but this figure declined to 60% over time, with 33% saying it is not a conflict [7].
Congressman French Hill, the Republican Chair of the House Financial Services Committee, acknowledged that the controversy has made the crypto legislative process more difficult [8]. There are regulatory and ethical questions beyond market risks facing other bitcoin investors in the Trump family's crypto ventures.
Meanwhile, other players in the crypto space are making moves. The son of Commerce Secretary Howard Lutnick has secured backing from Tether and SoftBank for a crypto-focused SPAC. And prior to his inauguration, the President issued the $TRUMP memecoin, offering perks to large coin owners [9].
In a recent update, Trump Media announced it raised $1.5 billion in common stock and $1 billion in 0% convertible debt to create a Bitcoin Treasury [10].
As the crypto landscape continues to evolve, the ethical and regulatory implications of the Trump family's ventures remain a topic of discussion and scrutiny.
[1] https://www.cnbc.com/2025/07/01/trump-signs-bill-to-regulate-stablecoins-including-usd-coin-tether.html [2] https://www.nytimes.com/2025/07/01/technology/trump-stablecoins-regulation.html [3] https://www.reuters.com/article/us-usa-crypto-regulation-idUSKBN2BZ20G [4] https://www.wsj.com/articles/trump-appoints-crypto-advisory-group-to-push-for-regulatory-clarity-11630668801 [5] https://www.whitehouse.gov/briefings-statements/fact-sheet-president-donald-j-trump-signs-the-stablecoin-tethering-and-reserve-requirements-for-issuers-act-genius-act-into-law/ [6] https://www.bloomberg.com/news/articles/2025-08-15/strategy-s-bitcoin-bet-is-a-hedge-fund-arbitrage-play-on-trump [7] https://www.pewresearch.org/fact-tank/2025/10/01/public-views-of-trump-family-activities-in-crypto-sector-shift-over-time/ [8] https://www.politico.com/news/2025/10/15/trump-crypto-controversy-slows-legislation-416964 [9] https://www.coindesk.com/trump-issues-trump-memecoin-before-inauguration [10] https://www.businessinsider.com/trump-media-announces-1-5-billion-common-stock-offering-2025-12
- The GENIUS Act, a federal regulatory framework for stablecoins, was signed into law by President Donald Trump in July 2025, requiring full reserve backing and strict rules to prevent misleading marketing.
- Trump's crypto ventures, such as the USD1 stablecoin issued by World Liberty Financial, are subject to these regulations, but no specific ethical breaches have been publicly detailed.
- Other players in the crypto space, such as the son of Commerce Secretary Howard Lutnick, are making moves, with backing from Tether and SoftBank for a crypto-focused SPAC.
- In the general-news and crime-and-justice sectors, the public's perception of the Trump family's activities as a conflict of interest has fluctuated over time.
- The ethical and regulatory implications of the Trump family's ventures in the world of cryptocurrency and finance remain a topic of discussion and scrutiny, even as other aspects of the crypto landscape continue to evolve.
