Trump’s Crypto Conflict: The Real FTX-Scale Scandal of This Bull Run?
Political power meets digital assets—and the stakes have never been higher.
Conflicts of Interest Exposed
Former President Trump's crypto ventures spark ethical firestorm as regulatory lines blur. His public endorsements coincide with personal portfolio movements—raising eyebrows across financial and political spheres.
Bull Market Parallels
Just like FTX's collapse exposed systemic vulnerabilities, Trump's entanglement reveals how political influence could manipulate crypto markets. Retail investors face familiar risks: opaque connections and potential insider advantages.
Regulatory Gray Zones
Current frameworks struggle to address politician-led crypto projects. Watchdogs play catch-up while influential figures operate in legislative gaps—because nothing says 'financial innovation' like rewriting rules to favor yourself.
Market Impact Assessment
Volatility spikes follow political crypto announcements. Trading volumes surge around key statements—creating pump-and-dump opportunities that would make traditional Wall Street bankers blush with envy.
The ultimate test for crypto's maturity isn't technology—it's surviving politicians treating markets as personal piggy banks.
The Trump Family’s Crypto Ventures
Trump, along with his sons Eric and Donald Jr., has been directly involved in the industry since his return to the White House in January. TRUMP has released meme coins tied to his name, while Truth Social has filed ETF applications.
Additionally, Eric Trump co-founded American Bitcoin, a mining company owned by Hut 8.
Craig argued that this dynamic has become “the elephant in the room” for Democrats considering theDigital Asset Market Clarity Act.
Trump stopped investigating crypto fraud after starting a crypto company
Fired the ethics watchdog overseeing him
Stopped investigating sex trafficking while protecting the Epstein files
Ended foreign bribery laws while taking a jet from Qatar
The real crime spree in DC is
pic.twitter.com/qAweBgv2H0
— Melanie D'Arrigo (@DarrigoMelanie) August 13, 2025
The ethical concerns aren’t new. Watchdog groups and several lawmakers have flagged the fact that Trump is actively enriching himself while shaping crypto policy. The $TRUMP memecoin dinner, hosted at his Virginia golf club, crystallized those concerns: top token holders were treated to access and recognition, while protesters outside accused the president of self-dealing.
“Just because the corruption is playing out in public, where everyone can see it, doesn’t mean that it isn’t rampant, rapacious corruption.” – Sen. Chris Murphy (D-Conn.)
Inside the administration, Trump’s “crypto czar” David Sacks has downplayed the issue, insisting his job is about growing the market, not policing Trump’s personal businesses.
What Comes Next For Trump and Bitcoin
The Senate Banking Committee is at work on a competing version of the market structure bill and Republicans are pushing in lockstep.
Meanwhile, we’ve never seen a President push memecoins, ETFs, and mining interests all at once. Is any of this legal? At the very least, hopefully we don’t see an.
Key Takeaways
- Trump crypto is raising many ethical red flags. The question is, are these claims true and are we looking at the next FTX collapse?
- All eyes are on Powell this week. As inflation lingers and labor metrics soften.
