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  • Debashree Patra
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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundaryโ€ฆconnect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

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    Donald Trump Holds a Lot of Bitcoin, Reveals Eric Trump at TOKEN2049

    Story Highlights
    • Eric Trump confirmed he and Donald Trump hold significant Bitcoin, calling it โ€œdigital goldโ€ and backing its long-term potential at TOKEN2049.

    • Trumpโ€™s pro-crypto policies, SEC shake-up, and creation of a U.S. crypto reserve have sparked controversy and ethics investigations.

    According to Bloomberg Reports, Speaking at the TOKEN2049 event in Dubai, Eric Trump revealed that both he and President Donald Trump hold โ€œa lot of Bitcoin.โ€ Calling BTC โ€œdigital gold,โ€ Eric predicted itโ€™s going much higher and emphasized their bullish stance on its long-term potential. While he didnโ€™t provide exact figures, he confirmed itโ€™s a major personal investment.

    Ericโ€™s remarks echo Donald Trumpโ€™s growing support for crypto. The president has stated multiple times that he wants crypto to succeed, especially as a competitive edge against China. He even praised Bitcoinโ€™s resilience during Aprilโ€™s financial market dip, saying it held up better than traditional markets.

    Trumpโ€™s administration has already made moves to back crypto beyond just words. In March, Trump signed executive orders to consolidate seized Bitcoin into a U.S. crypto reserve, halting government selloffs. He also ordered the creation of a broader crypto stockpile, which includes altcoins, from forfeited assets. The aim is to maximize value without draining taxpayer funds.

    U.S. Crypto Reserve in the Making

    To further support the crypto sector, Trump appointed Paul Atkins as the new SEC Chair. Atkins is tasked with delivering clear, crypto-friendly regulations, a sharp contrast to the previous administrationโ€™s more skeptical approach.

    Even before his presidency resumed, Trump made headlines with NFT launches and the meme coin TRUMP. Though the coinโ€™s value soared briefly to a $75 billion market cap, it later crashed over 90%. Trump, however, denied any financial involvement, insisting he wasnโ€™t profiting from the hype. Whether through executive orders, regulatory changes, or direct ownership, the Trumps are going all-in on Bitcoin, betting big on a crypto-powered future.

    Trump Family Under Fire

    Since returning to the office, President Trumpโ€™s conflicts of interest have reportedly escalated, with a spotlight on his ties to the crypto firm World Liberty Financial. According to New York Times journalist Eric Lipton, Trump has aggressively blurred the line between personal profit and public policy.ย 

    After pushing for the GENIUS Act, which favors stablecoin businesses, Trumpโ€™s family crypto company quickly launched its stablecoin, becoming a top global issuer. This prompted Senate Democrats to launch an inquiry into what they call โ€œTrump crypto corruption,โ€ and to propose the End Crypto Corruption Act, aiming to block top officials and their families from profiting off crypto endorsements or issuances.

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    FAQs

    What is the U.S. crypto reserve under Trump?

    Itโ€™s a government-held crypto stockpile formed from seized assets to maximize value without taxpayer burden.

    What is the GENIUS Act and how does it affect crypto?

    The GENIUS Act supports stablecoin issuers and allegedly benefited Trump-linked crypto firms, sparking ethics concerns.

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