ITo avoid conflicts of interest, a number of high-ranking officials in Trump’s crypto-friendly cabinet must give up substantial riches.
Those impacted include Wall Street professionals with millions in direct and indirect cryptocurrency holdings.
The relationship between Trump and Elon Musk is under investigation.
In order to comply with federal ethics regulations, a number of prominent members of Donald Trump’s administration—many of whom had close ties to Wall Street and cryptocurrency—were compelled to sell billions of dollars’ worth of assets.
Significant investors in digital assets are among the officials designated to supervise financial and economic policies.
Although they have taken action to avoid any conflicts of interest, their exits from high-paying positions in the private sector have raised questions about their remaining influence.
