Cryptocurrency investors And the leaders who piled up in the White House for a summit with Donald Trump represented billions on Friday in net value.
They also represented more than $ 11 million in donations to the Trump’s inaugural committee, an examination of the guest list by interception programs.
The list of guests at the Crypto Summit offers a window on the tight links between Trump and the cryptography world, which passed heavily last year to support candidates who favored more loose regulations.
Since its entry into office, the Trump administration has abandoned legal action against several leading crypto companies and welcomed the meeting of the White House on Friday which made the alarm of ethical duty dogs.
Before the top of the White House, Trump signed an executive decree Creation of a government Bitcoin reserve – Tell essentially the government to maintain bitcoin that he has already acquired by packages and directing it to find “neutral strategies on the budget” to acquire more. He also called on the government to maintain its more volatile altcoin assets other than bitcoin.
“From this day,” said Trump at the top, “America will follow the rule that each bitcoiner knows very well, never sells your bitcoin. It is a little sentence they have. Is it true? Who devil knows.
The duty dogs question the sudden embrace of the crypto by Trump.
“The excessive influence that cryptographic industry seems to have on the Trump administration is worrying,” said Delaney Marsco, director of ethics at the Legal Center campaign, a non -profit surveillance group. “When you put it in the context of campaign donations, the inaugural funds, this depicts a truly disturbing image of potential corruption.”
List on the list
The list of invitations for the summit on Friday, as confirmed by the crypto of the White House and the Tsar of AI David Sacks, included companies which greatly gave the inaugural fund of Trump.
Companies can make unlimited donations to this fund – which makes them an attractive way to arouse favor. Large technological companies, including Amazon, Meta, Google and Microsoft Rushed to donate to the fund after Trump’s victory left them in political danger.
Among the companies invited to the summit, Crypto.com, Kraken and Paradigm gave $ 1 million to the inauguration effort. They have been out of the Robinhood negotiation platform, which gave $ 2 million, and by Ripple, which gave $ 5 million of its personalized crypto token.
Cryptocurrency Exchange Coinbase also donated $ 1 million. During last year’s campaign, the company spread money around both parties, including a donation of $ 1 million to a Super Pac Pro-Kamala Harris.
But the biggest element in the CEO Coinbase CEO’s expenditure list, Brian Armstrong, was a Super CAP Pro-Crypto, Fairshake, who spent money for the candidates of the GOP. His expenses may have helped to tip the Senate for the Republicans. Coinbase said in October that it would give an additional $ 25 million to the Super CAP to help make a tip Next year’s mid-term elections Also.
In total, Trump received at least $ 10 million dollars given by cryptographic interests in his campaign or in Super Pacs the supporter, according to the follow -up website Follow the crypto.
The contributions of certain companies to the fund may not have yet been made public, because the inaugural committee is not required to make official disclosure that 90 days after the Trump procedure.
In January, the co-founder of Chainlink Labs, Sergey Nazarov, another guest at the top, photos of himself To the inaugural balls that the Trump team used to attract large ticket donors. The company did not immediately answer the question of whether it had made a donation.
Many crypto leaders invited to Reunion have also made personal donations to Trump’s campaign or pro-Trump Super CAP.
Cameron and Tyler Winklevoss, the twin brothers who co -founded Gemini Crypto Exchange, gave more than $ 800,000 each to a Trump campaign committee.
JP Richardson, CEO of Crypto Wallet Company Exodus, donated more than $ 850,000 Bitcoin to the campaign, according to a fox company report Last year.
The CEO of Digital Anchorage, Nathan McCauley, gave $ 300.00 to a Trump campaign committee, according to the Federal Electoral Commission recordings.
The president of Kraken Jesse Powell, whose company was represented by another executive of the summit, said in June that he had “personally donated” of $ 1 million to Trump, complaining that “Biden’s White House was held and allowed a regulatory campaign not controlled by the application”.
Kyle Samani, general partner of Multicoin Capital, gave $ 300,000 to a Trump campaign committee and Hundreds of thousands of others to the National Republican Committee.
David F. Bailey, CEO of Pro-Crypto Media Company BTC, gave nearly $ 500,000 to a Trump campaign committee at the end of July.
Bailey, who played a leading role in the successful campaign to forgive the founder of Silk Road, Ross Ulbricht, Celebrated on social networks After Trump’s victory: “The reality of what we have just removed really starts to strike. I know that we tried a great chance when we go everything, but it was the right call and I am very grateful to the community for having made the jump of faith. »»
Trump has a direct financial interest in another company represented in the Summit: World Liberty Financial, the decentralized finance company which lists Trump as “main defender of cryptography”.
World Liberty Financial bought $ 20 million from several cryptocurrencies before the summitleading to new criticism of ethical duty dogs.
“President Trump has so many conflicts of interest, it is almost impossible to calculate the number of conflicts of interest,” said Marsco de Campaign Legal Center. “But it is like this fox who looked at the situation of the chicken, where you have a president who has a financial interest acquired for the crypto as a lucrative industry, and being legitimized on a global scale.”
Inside the White House
Crypto leaders have an influence outside and inside the White House.
One of Trump’s first acts after winning the elections was to name David Sacks venture capital like his crypto and his artificial intelligence tsar. The Sacks company has been invested in a Crypto index fund manager, although the company has recently updated its website to say He had left this investment.
Depending on the inauguration of Bitcoin, Ethereum and Solana not disclosed, Sacks has experienced unknown quantities of Bitcoin, Ethereum and Solana, but sold them before the inauguration of Trump.
The bags sat on the left of Trump during the summit of the crypto and castigated the attempt by the Biden administration to enforce the rules of titles. Since its entry into office, the Trump administration has abandoned business against Coinbase and Kraken, and has put a matter of fraud against a cryptographic investor who had had bought $ 30 million of tokens from Trump’s company.
“This is an industry that has been subject to prosecution and persecution in the past four years. Horrible Lawfare. And nobody knows what it does better than you, “said Sacks. “You never go back, you stand to fight even in front of an assassin’s ball. It is an inspiration for everyone in this room.
The bags earlier this week promised to make more details on her misunderstanding of Crypto Holdings Public later, a promise that senator Elizabeth Warren, D-MASS., Challenged her to continue immediately in a letter on Thursday. Warren noted that the five cryptographic tokens that Trump listed as possible assets in an American cryptography reserve had also been held by one of Sacks companies.
“The planned crypto strategic reserve is only the most recent example of a crypto policy of the Trump administration with the potential to benefit a few rich and well connected at the expense of taxpayers”, it said.
Sacks is a special government employee, the same status exercised by Elon Musk while supervising the so-called Ministry of Government efficiency.
Another head of the White House with links with the world of cryptography, Bo Hines, supervises the Trump cryptography council. Before moving to DC, the Hines media company united its forces with a piece of memes which was launched in the midst of the accusations of a pump and future scheme.
Hines sat on the left of Sacks during the summit on Friday.
