WASHINGTON: Former US President Donald Trump is facing mounting scrutiny over his growing involvement in cryptocurrency ventures, prompting ethical concerns about potential conflicts of interest should he return to public office. Financial watchdogs and political analysts are calling for greater transparency as Trump-linked digital assets gain momentum.
The controversy stems from the launch of several Trump-themed cryptocurrencies, including MAGA Coin and the recently revived Trump NFTs, which have surged in popularity among his supporters. Critics argue that his active endorsement of these assets while remaining a political figure raises questions about undue influence and personal profit from political visibility.
While Trump has previously voiced scepticism towards digital currencies, his recent shift in stance has alarmed ethics committees. “When a political leader becomes a promoter of volatile investment tools, it blurs the line between public trust and private gain,” said a policy researcher from Washington’s Institute for Ethical Governance.
Analysts also point to the national security implications of a political figure managing or benefiting from decentralised financial networks, especially given ongoing discussions in the US about regulating crypto markets. Trump’s businesses have yet to disclose full details of their cryptocurrency holdings or affiliations with blockchain developers.
Despite the backlash, Trump supporters argue that his ventures promote innovation and financial independence. They claim his entry into the crypto space mirrors the broader shift of public figures embracing decentralised finance.
The US Federal Election Commission and the Securities and Exchange Commission have not yet made formal statements but are reportedly monitoring developments closely.
The situation underscores growing tensions between public accountability and private enterprise, especially in the high-stakes intersection of politics and emerging technology.
