• Donald Trump’s crypto ventures spark ethical concerns over political power and personal profit.
• Lawmakers were alarmed by foreign investor ties and a $1.5 million dinner linked to the president’s memecoin.

President Donald Trump’s pro-crypto pivot has marked a stark departure from the Joe Biden administration’s more cautious regulatory stance, which has energized the crypto community and sparked sharp political backlash.

As the president embraces digital assets more openly, controversy is brewing.

The latest flashpoint came when Republican strategist Roger Stone issued a chilling response to Democratic Senator Mark Kelly, who accused Trump of using his political power to profit from crypto ventures.

Stone took to X (formerly Twitter) and noted, 

“Senator Mark Kelly is cashing in on his US Senate seat as a partner in a Chinese communist company that makes surveillance balloons. He should be charged with treason and if convicted executed , consistent with federal law.” 

Mark Kelly slams Trump’s crypto endeavors

This originated when Kelly slammed Trump’s cryptocurrency assets, the TRUMP memecoin, as “corruption in broad daylight.” 

He said, 

“Trump is cashing in on his presidency and making millions from his own crypto coins. It’s corruption in broad daylight.”

He added,

“I’m co-sponsoring a bill to make it illegal for the President, the Vice President, administration officials, and members of Congress to issue, sponsor, or endorse crypto assets for profit. It’s time to put a stop to this.”  

Trump’s crypto involvement has escalated, directly promoting his memecoin from the White House, raising serious ethical a

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Author: Ishika Kumari