Trump 51 million dollars ... "1 out of 5 U.S. government officials hold virtual currency"
The Washington Post (WP) comprehensive analysis ... Ranking 1: Ken Howell, U.S. Ambassador to Denmark
On local time on the 17th, according to a report by The Washington Post (WP), U.S. President Donald Trump holds a total of 51 million dollars (about 70.9 billion Korean won) in virtual currency assets, and among high-ranking officials in the Trump administration, about 1 out of every 5 people holds virtual currency.
According to WP reports, an investigation of property disclosure statements for approximately 300 senior officials in the Trump administration found that about 70 people hold virtual currency or have invested in virtual currency and blockchain-related companies. As of the 3rd, WP requested all presidential nominees approved by the Senate to disclose financial information, and 95% responded. WP independently selected from officials' financial information blockchain or cryptocurrency, related wallets or companies, etc. Officials usually only publicize the "range" of their holdings rather than exact amounts, so they estimated based on the lowest amount within the range.
According to the investigation, the total virtual currency assets declared by high-ranking officials in the Trump administration are at least 193 million dollars (about 268.4 billion Korean won). The highest amount was held by the U.S. Ambassador to Denmark, Ken Howell (co-founder of PayPal), who holds as much as 120 million dollars (about 167 billion Korean won) in virtual assets. Trump comes second, and the third-highest holder's amount drops significantly to the millions of dollars level. According to statistics, Vice President J. D. Vance has virtual assets worth 250,000 dollars.
WP analyzed: "No members of the Biden administration's cabinet declared holding virtual assets in the final property disclosure, and no president in history has ever held virtual assets," "while multiple high-ranking officials in the Trump administration hold virtual assets, which can be seen as an important milestone in the industry's years-long effort to gain recognition of legal investment channels."
On the same day, the U.S. House of Representatives passed three virtual currency-related bills, including the "Genius Act" that establishes a stablecoin regulatory framework, with 308 votes in favor and 122 votes against.
Source: Chosun Ilbo
Original: https://www.toutiao.com/article/1838061450639691/
Statement: This article represents the views of the author himself