Trump Gives Wishy-Washy Answer when asked about divesting from crypto
From Cointelegraph
June 27, 2025 4:20 PM:
US President Donald Trump avoided answering a reporter’s question about divesting from his family’s crypto ventures to pass key cryptocurrency legislation, emphasizing the importance of the industry. This comes amid growing concerns among lawmakers over potential conflicts of interest that could hamper efforts to regulate the crypto industry.
The Senate passed the GENIUS Stablecoin bill without proposed amendments limiting presidential involvement in crypto. Senator Adam Schiff introduced the COIN Act, aiming to prevent the president, his family, and executive branch officials from endorsing digital assets due to alleged corruption. This move highlights ongoing concerns about conflicts of interest in the industry.
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