Trump family may build ‘giant businesses’ on Ethereum — Lubin
The Trump family is potentially set to enter the cryptocurrency sector by launching businesses based on Ethereum. Joseph Lubin, co-founder of Ethereum and founder of Consensys, hinted at this development while noting the Trump family's recent purchases of Ether through World Liberty Financial. Lubin suggested that the Trump administration would support initiatives beneficial to the U.S., possibly integrating Ethereum technology into governmental processes. Additionally, experts highlight that regulatory clarity in the cryptocurrency industry might spur market growth, paving the way for financial products like exchange-traded funds. However, this also poses risks of regulatory enforcement from bodies such as the SEC due to the ambiguity of the recent Trump-branded memecoins, which could lead to market volatility and a lack of oversight. The Official Trump token has shown fluctuating performance since its launch. Overall, the combination of institutional involvement and regulatory developments could shape the future landscape of crypto businesses associated with the Trump family.
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