Trump's sons' American Bitcoin stake worth $1.5 billion in stock debut | Reuters

[tread93]

Trump's oldest sons' American Bitcoin stake worth $1.5 billion in stock debut | Reuters https://share.google/Al83G9s9avmgji1kR

This was the headline on Reuters for Trump's sons who have equally a very large stake in the mentioned companies, so the question is: Is it of ethical concern due to conflict of interest? I think the sheer argument in America that stands is that anyone is entitled to start their own crypto venture and that anyone could do this if they wanted to. That is what Donald Trump Jr. I think is implying when he say's that its "insane" when he responds to Democratic lawmaker's critiques due to the "conflict of interest" that this poses for the Trump family fortune. Donny J touts that this has nothing to do with his father aka The President of the United States of America, Donald J. Trump.

Wild times to say the least! I think the biggest difference here within the last year is that the Biden's played in the dark and made their money like cockroaches, while Trump's make their money in the light of regulation in a growing innovative industry and they do it with style! Hard work pays off. It also does help when you're a Trump for sure but hey I'd be doing the same thing if I were them, would you not? If you say no, you're gay. hehehhe jk.

[odolvlobo]

A summary...

American Bitcoin Corp, a bitcoin mining company, more than doubled in value in its stock market debut on Wednesday. Before the IPO, Eric Trump and Donald Trump Jr owned about 20% of the company (and Hut 8 Corp owned the other 80%). Their diluted stake is valued at $1.5 billion at the close of trade.

[BitGoba]

Trump is a shitcoiner scammer he creates shitcoins and sells them to naive, foolish, and greedy people, filling his own pockets. He is no different from other scammers like Vitalik Buterin, Justin Sun, Charles Hoskinson, and many other shitcoin fraudsters.

It’s shameful what Trump has come to  he has completely lost all moral and principled standards. Instead of using his influence and knowledge for constructive purposes, he has devoted himself to easy profit and manipulation, creating and promoting shitcoins and profiting from the ignorance and greed of others.

[Free Market Capitalist]

Trump is a shitcoiner scammer he creates shitcoins and sells them to naive, foolish, and greedy people, filling his own pockets. He is no different from other scammers like Vitalik Buterin, Justin Sun, Charles Hoskinson, and many other shitcoin fraudsters.

It’s shameful what Trump has come to  he has completely lost all moral and principled standards. Instead of using his influence and knowledge for constructive purposes, he has devoted himself to easy profit and manipulation, creating and promoting shitcoins and profiting from the ignorance and greed of others.

I highly doubt that you believed Trump had moral principles in the past and have now changed your mind. What his sons are doing in business is not very different from what he has done his entire life.

For me, regardless of whether Trump's sons are involved in this company or not, what I like about the news is that it's yet another company joining Buy and Hold Bitcoin. Everyone I see on the forum spending what little they earn at the casino or claiming to have little or no bitcoin after many years here should learn their lesson. I see a future where most bitcoin is owned by these mega-companies and lots of people complaining about supposed inequality and all that garbage, when the fact is that people who learned about bitcoin years ago may have become very rich simply by doing DCA.

[Zlantann]

Trump is a shitcoiner scammer he creates shitcoins and sells them to naive, foolish, and greedy people, filling his own pockets. He is no different from other scammers like Vitalik Buterin, Justin Sun, Charles Hoskinson, and many other shitcoin fraudsters.

It’s shameful what Trump has come to  he has completely lost all moral and principled standards. Instead of using his influence and knowledge for constructive purposes, he has devoted himself to easy profit and manipulation, creating and promoting shitcoins and profiting from the ignorance and greed of others.

Just the name "American Bitcoin" and the involvement of the Trumps is a pointer that it enjoys the influence of the President. I can't remember the Clintons and Obamas engaging in businesses that would enjoy some privileges from the president. (I remember Hunter Biden's connections with a Ukrainian firm when Joe was Vice President).

The Trumps are openly taking advantage of their position to manipulate different markets for selfish gains. Some news outlets reported that some White House insiders usually have pre knowledge of tariff policies. And this information is used to manipulate the stock market. Trump has shown disregard for the standards set by past presidents; he is making his own trail. Fortunately, he knows how to take advantage of lacunas in the US legal system.

If these business interests are not against the law, then Eric Trump and Donald Trump Jnr are just businessmen taking advantage of an uncommon privilege.      

[Lucius]

Nothing can surprise me when it comes to the US and its president with his family and a bunch of greedy friends who will do their best to exploit his mandate to amass as much money as possible. The moment the president and first lady released their meme coins completely exposed their intentions, and everything after that should surprise no one.

They will milk the cow as long as it gives milk, and when (if) a new president is elected after 3+ years (maybe he will be anti-bitcoin), no one should be surprised by a complete turnaround on the issue of cryptocurrencies. Until then enjoy the crypto wild west and don't forget to support your president to win the nobel peace prize, well the man deserved it because he ended the war in Ukraine in 24 hours as he promised, right?

[Aanuoluwatofunmi]

If those in power were manipulating us, then we should be wise enough in taking the right decision and not be manipulated, this is what they have privileges over and immunity covers because they are in power, it has happened to those in leadership before them, i only pity those who are running after whatever they see them do or introduced, just like the case of trump coin and the likes and how many lost to their fortune, why is bitcoin by now not fully accepted and recognized to have the right say in any development they are implementing, because it does not give them the necessary control which they needed, that is why they have to diversify always on other projects and investments.

[Publictalk792]

Trump sons investment in Bitcoin raises ethical questions because of potential conflict of interest which happens when person private business could influence their public actions. And they have right to start their own businesses but their connection to political figure means their actions are seen differently. If their father former and potential future president makes decisions about crypto it could look like he is helping his sons finances which can cause people to lose trust in government. Issue of conflicts of interest applies to everyone in or close to power no matter their political party. These rules purpose is for surety that private gain does not influence public policy protecting honesty of government.

[Majestic-milf]

 There is the saying that "opportunity comes but once" it may not be just once but hey, Trump's sons are maximizing their roles as kids of an American president and using it to create opportunities for themselves. Who wouldn't want to do business with someone from a family that's as influential as the Trump's?
Let's just wait and see how long their interest in the investment would last. If there's one thing with rich kids and investment, it's that they get bored easily and often look for the next interesting thing.

[bhadz]

They are now rolling over the profits they've made from the shitcoins that they've made. I've heard that there's a ruling now that the white house is restricting the Congress from trading stocks. And so, if that's already a thing, then this shouldn't be allowed as well for them to avoid conflict of interest. But if it's only the politicians and not any immediate family that's allowed to trade, then that's the loophole of these rules that they're making. While they're in the position, they're going to take all of the possible chances to make a lot of money.

[retreat]

Discussing conflicts of interest, Trump has previously issued several policies that allegedly benefited his personal interests and those of his group. So, this is a matter of whether or not it's simply ethical. However, discussing ethics with Trump seems almost pointless, given his controversial track record of frequently ignoring political norms for personal gain.

However, there’s nothing inherently wrong with this, as no federal law specifically prohibits the president’s family from engaging in business. While it may appear connected to decisions made by the president, their father, it remains a legal gray area. Technically, they haven’t broken any laws, but ethically, it raises many questions. So, it ultimately comes down to individual perception and how they choose to handle it.

[tread93]

There is the saying that "opportunity comes but once" it may not be just once but hey, Trump's sons are maximizing their roles as kids of an American president and using it to create opportunities for themselves. Who wouldn't want to do business with someone from a family that's as influential as the Trump's?
Let's just wait and see how long their interest in the investment would last. If there's one thing with rich kids and investment, it's that they get bored easily and often look for the next interesting thing.

This is exactly my point. If you or anyone else was in their shoes would just just be sitting back and doing shady ass deals getring caught doing blow in the white house fucking hookers and getting the spotlight or having dementia as commandor in chief or would you be grinding, fighting for what is right and getting rich in plain sight the LEGAL way unlike those traitors the Bidens. Trump did use his position a bit to prop himself up but if i was treated the way he has been id say fuck it too and do whatever the hell I wanted when it came to my own business and family biz as long as he has the best interest of Americans at heart which I believe that Trump does. Hes a businessman you bumbling idiots. People still praise Biden and the democrats and want them back and complain about every little thing trump does. Go ahead and cry you big fucking babies!!!

[adaseb]

Remember that Tweet from his first election saying how he is not a fan of cryptocurrencies. And then years later he has a complete change of heart.

So most likely his kids started to learn about crypto, invested tons of money into it, then told him about what is so great about crypto and he knew that if he was pro bitcoin then it would be good for their investment. Either way its impossible to prove.

I was thinking originally that he is pro bitcoin just to get more votes from all the crypto holders. Didnt think it was because his family had a huge stake in it. Either way, we can see that crypto regulations will be loose until the next administration at least and its good for crypto.

[Majestic-milf]

Remember that Tweet from his first election saying how he is not a fan of cryptocurrencies. And then years later he has a complete change of heart.

So most likely his kids started to learn about crypto, invested tons of money into it, then told him about what is so great about crypto and he knew that if he was pro bitcoin then it would be good for their investment. Either way its impossible to prove.

I was thinking originally that he is pro bitcoin just to get more votes from all the crypto holders. Didnt think it was because his family had a huge stake in it. Either way, we can see that crypto regulations will be loose until the next administration at least and its good for crypto.

I think that Trump knows how to pander to the media. Give them what they want. True, in his first tenure, he was reluctant to support crypto currencies and I'm sure by then he didn't have any holdings but come his second tenure, he saw it as not just a means to sway the Bitcoin community, but also as a means to further grow his wealth. You have a point that with him supporting crypto, it would make for a loose form of regulation but what if he becomes hooked on favoring his token more than he does for Bitcoin? Just a thought.

[Gozie51]

Remember that Tweet from his first election saying how he is not a fan of cryptocurrencies. And then years later he has a complete change of heart.

If anything has changed regards to Trumps stance of Bitcoin and crypto after about 8 years or so in his first tenure, I won't really hold it against him because some of us too have had some changes too in the way we view bitcoin and understanding plus investment. However, I know Trump is a big influencer of the FX market in his first tenure. Meaning, he had something with online and digital affiliation. The only aspect he could be seen to be using the market is power as the president promoting his shit coin.

So most likely his kids started to learn about crypto, invested tons of money into it, then told him about what is so great about crypto and he knew that if he was pro bitcoin then it would be good for their investment. Either way its impossible to prove.

Lol, highly possible. Government is also part of business. There is advantage you have being in power and most influential type as the president of America. Very few people in the world would turn deaf ear to that which will increase their family's wealth

I was thinking originally that he is pro bitcoin just to get more votes from all the crypto holders. Didnt think it was because his family had a huge stake in it. Either way, we can see that crypto regulations will be loose until the next administration at least and its good for crypto.

I could also wonder with the bitcoin reserve but he initially promoted his shit coin before Bitcoin regulation and reserve. That means making lots of money from his coin and also "helping his family and every other hodler to grow their bitcoin", allegedly.

[pancelot]

Trump's oldest sons' American Bitcoin stake worth $1.5 billion in stock debut | Reuters https://share.google/Al83G9s9avmgji1kR

This was the headline on Reuters for Trump's sons who have equally a very large stake in the mentioned companies, so the question is: Is it of ethical concern due to conflict of interest? I think the sheer argument in America that stands is that anyone is entitled to start their own crypto venture and that anyone could do this if they wanted to. That is what Donald Trump Jr. I think is implying when he say's that its "insane" when he responds to Democratic lawmaker's critiques due to the "conflict of interest" that this poses for the Trump family fortune. Donny J touts that this has nothing to do with his father aka The President of the United States of America, Donald J. Trump.

Wild times to say the least! I think the biggest difference here within the last year is that the Biden's played in the dark and made their money like cockroaches, while Trump's make their money in the light of regulation in a growing innovative industry and they do it with style! Hard work pays off. It also does help when you're a Trump for sure but hey I'd be doing the same thing if I were them, would you not? If you say no, you're gay. hehehhe jk.

From the articles I've read, I believe the steps taken by Trump's son demonstrate how digital assets are increasingly being accepted by the mainstream. It's understandable that accusations of dual interests have arisen, but I've found that by doing so, they've dared to establish a strong presence in an open and highly volatile industry. Rather than being dismissed as "playing behind the scenes," they've openly embraced Bitcoin, a signal, in my opinion, that crypto is no longer just a geeky hobby, but a serious business arena. If the returns are in the billions, well, as the law of the market dictates, those who take the risk reap the rewards. Bitcoin remains wild, but that's precisely what makes it even more exciting. 

[Smack That Ace]

^ but what if he becomes hooked on favoring his token more than he does for Bitcoin? Just a thought.

Trump and his family have never said they are bitcoin maximalists or just bitcoin supporters. Trump says he loves cryptocurrencies and wants to make the US the crypto capital, not the bitcoin capital.

He was a businessman and billionaire before becoming president. That means what he cares about when he advocates crypto and calls on his family to invest is profit, not supporting the decentralized revolution.

He and his family are working hard to promote TRUMP, WLFI and they are bringing them billions of dollars in profits. Don't be naive to think they are pro-bitcoin.

[crwth]

I agree that some people may have a conflict of interest or take advantage of their privileged position in life. Are there structures provided by the company? It seems they're on legal loopholes.

Wouldn't the SEC have investigated this? There should be monitoring in terms of insider things or advantageous positions like this.

[Majestic-milf]

Don't be naive to think they are pro-bitcoin.

That would be unwise of me now, wouldn't it? because the fact that he used Bitcoin as a platform to amass support tells me the kind of person he is; a businessman who is unapologetic about whatever means he uses to gain profit. At least he's been open about his actions.

[dumpsterhawk]

A summary...

American Bitcoin Corp, a bitcoin mining company, more than doubled in value in its stock market debut on Wednesday. Before the IPO, Eric Trump and Donald Trump Jr owned about 20% of the company (and Hut 8 Corp owned the other 80%). Their diluted stake is valued at $1.5 billion at the close of trade.

Leftists in USA told me that Trump is about to be bankrupt after those fraudulent cases against in New York.   Meanwhile they are richer than ever.  

Trump is a shitcoiner scammer he creates shitcoins and sells them to naive, foolish, and greedy people, filling his own pockets. He is no different from other scammers like Vitalik Buterin, Justin Sun, Charles Hoskinson, and many other shitcoin fraudsters.

Instead of using his influence and knowledge for constructive purposes, he has devoted himself to easy profit and manipulation, creating and promoting shitcoins and profiting from the ignorance and greed of others.

Who is at fault here, the one creating products or the ones consuming them? There is no trick involved, so there is no justification for any ignorance. It is not like they are trying to sell a token as a layer 1 chain or some other kind of manipulation. They are selling it for what it is. People are buying it for what it is. Blame the people.

It’s shameful what Trump has come to  he has completely lost all moral and principled standards.

Business is business baby, enjoy the fruits of democratic marxist policies. What is a woman anyway, right?