US Financial Regulators Discover Hidden Wealth of Top Government Officials

Friday 28th of March 2025 13:48:27

South Korean Ethics Committee Uncovers Portfolios of Public Officials, XRP Used More Than BTC and ETH

A surprise discovery has been made by the South Korean Ethics Committee, which has been investigating the financial portfolios of public officials. The committee has found that many government officials have invested in digital assets, including cryptocurrency, and that XRP is the most widely held digital currency among them.

According to the committee's findings, more than 60% of the officials surveyed have invested in digital assets, with XRP being the most popular choice. In fact, XRP was used by more public officials than Bitcoin (BTC) and Ethereum (ETH) combined.

The committee's investigation was sparked by concerns over potential conflicts of interest among government officials. The committee's chairman, Kim Sung-woo, stated that the committee's goal is to ensure that public officials are not using their positions for personal gain.

The committee's findings are based on an anonymous survey of 100 public officials, including lawmakers, government officials, and employees of state-run enterprises. The survey found that 62% of the officials surveyed have invested in digital assets, with XRP being the most popular choice.

XRP was used by 35% of the officials surveyed, while Bitcoin was used by 20% and Ethereum was used by 15%. The survey also found that many officials have invested in other digital assets, including Litecoin, Monero, and Stellar.

The committee's findings have raised concerns over the potential impact of digital assets on the government's regulatory framework. The committee's chairman stated that the committee will continue to monitor the situation and will take action if necessary.

The discovery of the widespread use of digital assets by public officials is a surprise, as many government officials had previously denied having any investments in digital assets. The committee's findings have sparked a heated debate over the potential risks and benefits of digital assets and their impact on the government's regulatory framework.