- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
BiyaPay Analyst: US Rejects "End Crypto Corruption" Amendment, Trump Family Profits $6.2 Billion from Crypto Project
BlockBeats News, July 3rd, the "End Crypto Corruption" amendment proposed by US Democratic Senator Merkley failed to pass. The original purpose of this bill was to prohibit elected officials from using their positions to profit from involvement in cryptocurrency projects, but it ultimately did not receive enough support in the Senate. The rejection of this bill reflects the increasingly close relationship between the US political scene and the crypto market, raising concerns about political corruption and collusion.
The Trump family has recently profited from multiple cryptocurrency projects, totaling about $620 million, nearly 10% of their net worth. Among them, the Trump family obtained about $390 million through the World Liberty token sale and $150 million in profit through Trump Meme Coin. Additionally, the Trump family holds a 20% stake in the crypto mining company American Bitcoin, and is expected to gain more profits through a merger and listing with Gryphon Digital Mining.
This event highlights the close connection between the crypto market and politics. Although the US political scene has not passed relevant regulations, other countries such as Singapore and the EU have taken measures to restrict officials from participating in crypto projects to enhance transparency. For BiyaPay users, while the rejection of this bill may not immediately impact the politicalization of the crypto industry, in the long run, this "gray area" may increase market uncertainty and risk.
In such a market environment, BiyaPay is committed to providing users with secure, transparent cryptocurrency trading services, supporting USDT exchange with multiple fiat currencies (such as USD, EUR, etc.), and offering users zero-fee spot and contract trading, as well as US and Hong Kong stock services to help users mitigate potential market risks.
You may also like
In the next 5 years, Vitalik will expand Ethereum in this way
WBT Pulled a Quiet 15X While Everyone Was Watching Meme Coins
WBT, the native token of WhiteBIT exchange, surged from under $6 in 2023 to over $50 by 2026,…
Bank of Japan to Test Blockchain-Based Reserve Settlement Platform
Key Takeaways The Bank of Japan (BOJ) is leading the way as the first G7 member to explore…
Ethereum Price Prediction: Whales Impact 7th Red Month as RWA Sector Achieves $15B Record
Key Takeaways: Ethereum is on the brink of recording its seventh consecutive red month, indicating a potential prolonged…
VanEck’s Macro Bottom Thesis: Is the $60K–$70K Floor the Real Cycle Reset?
Key Takeaways VanEck CEO Jan van Eck asserts that Bitcoin is forming a macro market bottom around the…
WBT Did a Quiet 15X While Everyone Focused on Meme Coins
Key Takeaways WBT, WhiteBIT’s native cryptocurrency, has surged over 3,000% from its lowest point in late 2022 to…
Arthur Hayes Forecasts Bitcoin Price Surge to $750,000 by 2027 Due to Monetary Expansion
Key Takeaways Arthur Hayes, co-founder of BitMEX, forecasts Bitcoin’s price to reach $250,000 in 2026 and then surge…
Iranian Exchange Outflow Surges 700% Amid Stiffening USDT Sanctions
Key Takeaways: Iranian cryptocurrency exchange outflows surged by 700% following military strikes, signaling rapid capital flight from the…
Crypto Price Prediction Today 2 March – XRP, Bitcoin, Ethereum
Key Takeaways XRP is poised to potentially reach $5, driven by its role in stablecoin and tokenized asset…
Solana Price Outlook: Why A Billion-Dollar Loss Didn’t Deter This SOL Whale — What Insight Do They Have?
Key Takeaways A major institutional investor in Solana withstands a huge unrealized loss, maintaining confidence in the long-term…
Bitcoin Price Prediction: $1 Billion Floods Back Into Crypto ETFs — Is the Bull Run Restarting?
Key Takeaways A notable $1 billion has re-entered crypto exchange-traded products, hinting at potential upward momentum in Bitcoin…
Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy
Key Takeaways BitMine Immersion Technologies has embarked on a bold move by purchasing a significant amount of Ethereum,…
Bitcoin Price Prediction: Fear Just Hit a Level Seen Only Twice Before — What Happens Next Could Change Everything
Key Takeaways Bitcoin’s price has dropped towards $60,000, paralleling a significant drop in market sentiment, hitting a level…
XRP Price Prediction: Are Investors Ready to Unload $650 Million XRP?
Key Takeaways A significant inflow of approximately 472 million XRP, valued at about $650 million, has been transferred…
Bitcoin and WW3: 5 Key Indicators as BTC Eyes Global Liquidity Boom
Key Takeaways Bitcoin remains resilient amidst geopolitical tensions, sustaining above key support levels. Drastic decline in Bitcoin exchange…
New ChatGPT Forecasts the Price of XRP, Solana, and Shiba Inu by the Close of 2026
Key Takeaways ChatGPT suggests a robust growth outlook for XRP, Solana, and Shiba Inu by 2026, forecasting significant…
Why Is Crypto Down Today? – February 4, 2026
Key Takeaways The crypto market declined by 2.3% over the past 24 hours, with a total market capitalization…
Magic Eden Adjusts Course: Ending EVM and Bitcoin NFT Markets as It Doubles Down on Solana
Key Takeaways Magic Eden is ending its NFT marketplaces for Ethereum, Polygon, and Bitcoin to focus on Solana…
In the next 5 years, Vitalik will expand Ethereum in this way
WBT Pulled a Quiet 15X While Everyone Was Watching Meme Coins
WBT, the native token of WhiteBIT exchange, surged from under $6 in 2023 to over $50 by 2026,…
Bank of Japan to Test Blockchain-Based Reserve Settlement Platform
Key Takeaways The Bank of Japan (BOJ) is leading the way as the first G7 member to explore…
Ethereum Price Prediction: Whales Impact 7th Red Month as RWA Sector Achieves $15B Record
Key Takeaways: Ethereum is on the brink of recording its seventh consecutive red month, indicating a potential prolonged…
VanEck’s Macro Bottom Thesis: Is the $60K–$70K Floor the Real Cycle Reset?
Key Takeaways VanEck CEO Jan van Eck asserts that Bitcoin is forming a macro market bottom around the…
WBT Did a Quiet 15X While Everyone Focused on Meme Coins
Key Takeaways WBT, WhiteBIT’s native cryptocurrency, has surged over 3,000% from its lowest point in late 2022 to…
App