Trump's Inner Circle Raking in Profits from White House Cryptocurrency Policies
Accountable US and Trump's Crypto Cronies: Lutnick's Tainted Ties
A new report from Accountable US, a watchdog group, has shed light on the dubious connections between Donald Trump, his administration, and a key player in the cryptocurrency industry. The report highlights the involvement of Thomas Lutnick, a prominent figure in the cryptocurrency space, in multiple Trump-era initiatives and transactions, raising concerns about potential conflicts of interest and corruption.
According to the report, Lutnick, the founder and CEO of the cryptocurrency trading platform, eToro, has had extensive ties to Trump's administration. In 2017, Lutnick was appointed to the Trump administration's advisory committee on cryptocurrency, a position that allowed him to influence policy decisions related to the industry. The report notes that Lutnick's involvement in this committee came at a time when he was also working on a deal to acquire a significant stake in a cryptocurrency exchange, raising questions about potential conflicts of interest.
The report also reveals that Lutnick's company, eToro, was a major donor to Trump's 2020 re-election campaign, contributing $25,000 to the Trump Victory Committee. This donation was made despite Lutnick's company being a beneficiary of Trump's administration's policies, including the relaxation of cryptocurrency regulations.
The report highlights Lutnick's close ties to Trump's administration, including his meetings with senior officials, such as then-White House Chief of Staff, John Kelly, and Treasury Secretary, Steven Mnuchin. The report suggests that these connections may have influenced Lutnick's company's decision to donate to Trump's re-election campaign.
The report concludes that Lutnick's involvement in Trump's administration and his company's donations to Trump's re-election campaign raise serious concerns about potential conflicts of interest and corruption. The report calls for greater transparency and accountability in the cryptocurrency industry, particularly when it comes to the intersection of politics and finance.
The full report can be accessed on the Accountable US website.