- White House crypto czar David Sacks dismissed concerns over Trump’s crypto projects influencing policy.
- The newly announced Strategic Bitcoin Reserve will focus exclusively on BTC, while altcoins remain sellable assets.
- SEC regulations have shifted in ways that seem to favor Trump’s crypto ventures, sparking ethical concerns.
White House crypto czar David Sacks pushed back against concerns on Friday regarding President Donald Trump’s potential conflicts of interest in the crypto space, dismissing them as “irrelevant” to policy decisions.
Trump’s Crypto Ventures: A Non-Issue?
“I don’t think it’s had any impact,” Sacks said when asked whether Trump’s personal crypto projects, including his controversial TRUMP meme coin, have influenced regulatory decisions. “I think it’s kind of irrelevant to what we’re doing here.”
Sacks also shrugged off concerns about Trump’s personal investments in Bitcoin and other digital assets, saying, “Those are facts not in evidence.”
Trump’s Crypto Ties Run Deep
Before returning to the White House, Trump’s brand was involved in multiple crypto projects, including:
- An Ethereum-based DeFi platform, World Liberty Financial
- The Solana meme coin, TRUMP
- Several NFT collections, which reportedly generated millions in revenue
While the exact amount of Trump’s personal earnings from these ventures remains unknown, on-chain data suggests that associated companies have reaped billions in value—including $200 million from the WLFI token sale alone.
A Strategic Bitcoin Reserve—But No Altcoins
The White House confirmed last week that Trump’s newly announced Strategic Bitcoin Reserve will focus exclusively on Bitcoin, reinforcing the administration’s view that BTC is in a “league of its own.”
“Bitcoin is special in our view,” a senior White House official said. “It’s the most secure. It’s the most decentralized. It doesn’t have an issuer. So it deserves special treatment.”
Meanwhile, other cryptocurrencies—including XRP, Solana, and Cardano—will remain part of the U.S. Digital Asset Stockpile, which the Treasury has the discretion to sell at any time.
SEC Shifts Tone on Meme Coins
Ever since Trump’s return to office, crypto regulations have shifted in ways that seem to benefit his own projects. Just days after the TRUMP meme coin launched, SEC Crypto Task Force head Hester Peirce suggested the token wouldn’t fall under SEC jurisdiction. Weeks later, the SEC issued a statement clarifying that meme coins, in general, should not be classified as securities.
While critics argue that Trump’s crypto involvement raises ethical concerns, the White House maintains that his personal ventures and policies remain separate. But with billions on the line, the debate isn’t going away anytime soon.
