What is the next step in the expansion of the relationship between Trump and password?
Victoria D ‘E is
Post: April 9, 2025 12:49 update: April 9, 2025 12:49 pm
If the discussion with Binance develops into the world’s best cryptocurrency exchanges and formal partnerships, the relationship between Donald Trump’s cryptographic world can be strengthened.
According to a recent report from the Wall Street Journal and Bloomberg, the dialogue is likely to connect the main characters of digital assets with the US president, who tried to convert the US president to the “encryption capital of the earth.”
Talk to Binance
Trump has already supported the administrative order in favor of the encryption industry and has shown a promise to legal support that benefits this sector. He is also interested in various encryption ventures and is due to the increase in digital asset value. According to the report, ongoing discussions with Binance can include Trump’s family investment in Exchange’s US department.
In addition, former Binance CEO Changpeng Zhao, who convicted the violation of the money peninsula in 2023, is looking for forgiveness. This dialogue also proposes potential cooperation with the Tabble Leco -in project related to the Binance and World Liberty Financial Projects related to the Trump family.
Both parties refuse transactions
The two parties refused to make an official contract. An official from the Trump administration told the Wall Street Journal that Steve Witkoff is far from business ties.
Binance CEO Changpeng Zhao also refuted all discussions on business transactions or potential pardons with the World Liberty Financial, and clearly clarified that X did not purchase the company’s encryption tokens.
Global freedom rejected the report as “inhuman enemy” without explaining the report in more detail. If a closer relationship is formed, the relationship with Trump’s encryption industry will be greatly intensified to strengthen his initial promise to support this sector.
Mim coin launch: Conflict of interest?
Trump’s official memes coins (Trump and Melani) began in Solana blockchain, raising concerns about potential conflicts.
Just before his inauguration, the Trump team announced this coin, and FIGHT FIGHT LLC and CIC Digital LLC are connected to the Trump organization and own 80%of the total supply and are locked for three years.
This movement is a Trump Media & Technology Group (DJT) ambition to create a Bitcoin Exchange-Traded Fund (ETF) and invests up to $ 250 million in cryptocurrencies and invests up to $ 250 million in Cryptocurrencies. It was followed.
In addition to these projects, Trump and his family participate in the 2024 encryption initiative, World Liberty. Trump himself was selected as “Crypto Advocate”, his son ERIC, Donald Jr. And Barron acts as “Web3 Ambassador”.
In return for the promotion of World Liberty, Trump Family’s LLC receives 22.5%of the encryption token’s encryption tokens and 75%of net profit if the platform earns $ 30 million.
This venture questions whether Trump is closely matched with the cryptocurrency and can blur such a policy decision. As an influenza and promoter of the universe, his actions can potentially blur the boundaries between public services and private financial benefits, which can be an important point of the future investigation.
Major administrative order
Trump has made progress in fulfilling his promise to the encryption sector through two important administrative orders since assuming the office.
The first order prohibits the US to develop a central bank digital currency (CBDC) and laid the foundation for a wide range of initiatives by creating a presidential task force for digital assets.
The second order focuses on the separate reserve of the creation and encryption of the Bitcoin Protection Zone, which will raise funds with seizure and confiscation digital assets that the government has not yet sold.
This command emphasizes that the digital asset industry plays an important role in the US economy and global leadership.
Although some of the Crypto community was initially concerned, Andy Baehr, the executive director of COINDESK Indices, reassured that the president’s behavior could not be as bold.
Trump also supported the development of federal regulatory frameworks to promote the US encryption operation and potential to strengthen the connection with Wall Street. Recently, the Senate Bank Commission developed the Stablecoin law.
Thursday, the Senate Bank Commission developed a stablecoin law that could establish rules for how bank regulators supervise a company that issued such a coin.
SEC sponsorship
Binance, who had collided several times with the US government in the BIDEN administration, received some remedy according to Trump’s second term. In March 2024, the SEC filed a civil lawsuit filed in June 2023, and Binance and Zhao accused the violation of securities.
In early 2023, Binance was fined $ 4.3 billion in recognition of various legal violations, including violations related to money laundering and sanctions. Zhao agreed to pay $ 50 million and retired as a CEO, but maintained a number of stakes.
In April 2024, he was sentenced to four months in prison for violating the Laundry Laundering Act. Despite these frustrations, Binance recently secured the first institutional investment from Stablecoin from investor MGX based on ABU DHABI.
Bitcoin as a safe shelter?
The encryption market showed elasticity despite the collapse of the stock market, and the correlation between the two has weakened. This change indicates that investors can especially like Trump’s tariffs can lead to long -term global trade wars, so that encryption assets can be shifted to a safer alternative. Historically, the role of Bitcoin as a safe shelter that can be seen in the period of economic uncertainty is increasingly prominent.
In 2020, Bitcoin and Bitcoin tended to be similar after the collision caused by fashion, and was separated from stocks and rebounded quickly, and traditional markets were under pressure. This pattern supports the charm of Bitcoin as a hedge to Bitcoin’s stocks and gold drops.
Trump, encryption and politics
Trump’s deepening of encryption emphasizes the intersection of politics and digital assets. When he explores these connections, his actions can reconstruct both the regulatory environment and financial interests. The result of his encryption venture can be a precedent for future political participation in the rapidly evolving space.
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About the author
Victoria is a writer about various technical topics, including Web3.0, AI and Cryptocurrencies. Through her extensive experience, she can write insightful articles for more audience.
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Victoria D ‘E is
Victoria is a writer about various technical topics, including Web3.0, AI and Cryptocurrencies. Through her extensive experience, she can write insightful articles for more audience.