Two days after his re-election victory, on November 7, Trump
As president, Trump has established a Bitcoin reserve for the federal government and pardoned Ross Ulbricht, the founder of Silk Road, a black market website that was key to the early growth of Bitcoin.Trump has also put outspoken crypto backers in his administration, which has
undone or paused several enforcementactions taken against large cryptocurrency companiesSeveral other Trump officials are speakers at the Bitcoin conference, as are his sons Don Jr and Eric.
Conflict of interestThe president and his family’s use of cryptocurrencies as a platform to make money has drawn criticism from Democrats and even crypto enthusiasts as corrupt and unseemly.
The Trump family holds about a 60 percent stake in a crypto project called World Liberty Financial, which recently launched its own stablecoin, a fast-growing form of cryptocurrency whose value is often tied to the US dollar. This month, the US Senate advanced legislation that would create a federal framework to regulate stablecoins, a bill that Vance said the Trump administration wants passed into law quickly.
Trump’s media company announced on Tuesday(USAID), an agency dedicated to distributing foreign aid.
With Musk’s departure, what will become of DOGE? And what legacy does the Tesla CEO leave behind?How long was Musk at DOGE?
Musk’s term as a “special government employee” in the Trump administration meant he was only entitled to serve for 130 days in any 365-day period, and is barred from using government roles for any monetary gain.Musk’s term has lasted just over four months, a few days short of the maximum legal limit.