Bloomberg criticizes Trump for profiting $1 billion through "encryption regulatory cheating": seizing land ahead of new regulations.

U.S. President Donald Trump's crypto-friendly policies come at a time when his family is involved in almost every area of the cryptocurrency industry, and according to publicly available data, even taking into account the market volatility caused by the latest round of trade wars, the total book income of the cryptocurrency projects involved by the Trump family is still close to $1 billion. (Synopsis: Taiwan stocks don't laugh!) Trump warns semiconductor tariffs are coming: answers to be announced on Monday) (Background added: Apple breathes a sigh of relief!) Trump announced: mobile phones, computers and other electronic products are exempted from tariffs, iPhone does not rise? According to Bloomberg, U.S. President Donald Trump's family is now involved in almost every corner of the cryptocurrency industry, from NFTs and digital collectibles, to DeFi projects, from proposed stablecoins, to bitcoin mining projects, and Meme coins issued by Trump's wife, Melania. According to publicly available data estimates, even taking into account the market turmoil caused by the recent trade war, the book income of these crypto projects is close to $1 billion. Trump has long been the richest president in U.S. history, and his assets in the non-crypto sector include large real estate investments. After being elected president for the first time in 2016, his team of lawyers set up a trust fund to handle his business affairs, managed by his two eldest sons and Allen Weisselberg, the Trump Group's former treasurer. Eric Trump, the second son of Trump, has emphasized that there is "no conflict of interest" in the Trump family's investments in the cryptocurrency space: I didn't work with the White House, and we have long believed in the value of cryptocurrencies. Scholars criticize Trump family regulation to occupy land before landing The report mentioned that Trump's own shift to cryptocurrencies is a relatively new thing, and he also called bitcoin a "scam" in 2021, saying that he did not like bitcoin because "it is another currency that competes with the dollar" and should be subject to "very, very high regulation." However, Trump's relationship with the digital asset industry has changed significantly since then, and as a presidential candidate, he has collected a large amount of campaign funds from various cryptocurrency industry executives and supporters. Entering his second term, Trump signed a series of executive orders to fulfill his promise to "make the United States the global cryptocurrency capital" and appointed David Sacks and Bo Hines to key positions as the face of the cryptocurrency industry, and he continues to promote his meme coin on Truth Social. Cornell University trade policy professor Eswar Prasad criticized: The Trump family is clearly eager to establish a comprehensive foothold in the industry before further regulation arrives, in order to benefit from the possible future valuation rise. Related reports Xuesun Yuchen sticks Trump's ass to turn over? Binance Chuan "negotiates business transactions with the Trump family", intends to list WLFI stablecoins "Car dealers call me willing to buy back at a higher price", Trump's tariff war sets off a miracle of American middle-aged cars snapping up Trump tariffs make U.S. debt "risk aversion myth busted" lazy bag: Wall Street considers "risky assets", China and Japan are dumping murderers? "Bloomberg scolds Trump for making $1 billion through 'crypto regulatory cheating': preemptively occupying land before new regulations" This article was first published on BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media."