July 3, 2025policy changeFinancial RegulationExecutive EthicsConstitutional Lawcorruptionexecutive powerfinancial regulation
President controls a $12B crypto portfolio while setting policy
SEC and Treasury regulators declined to investigate or restrict President Trump's personal cryptocurrency holdings, estimated at $12 billion, while the administration simultaneously crafted federal crypto policy. Ethics watchdogs flagged the arrangement as a direct conflict of interest under the Emoluments Clause and existing federal ethics statutes. No formal divestiture or blind trust was established.