BiyaPay Analyst: US Rejects "End Crypto Corruption" Amendment, Trump Family Profits $6.2 Billion from Crypto Project

By: theblockbeats.news|2025/07/03 20:01:49

0

Share

copy

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

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English

The world belongs to Chinese people who speak English

The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle

$1.3 Billion Debt: BitDeer Faces Tough Battle

Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?

What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx

Overview of Important Market Events on February 27

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

Popular coins

Latest Crypto News

05:09

CZ Safe in the UAE: All Good

BlockBeats News, March 1st, CZ posted on Platform X stating, "All is well here, given the current situation, it's actually very calm. UAE citizens and tourists have full confidence in the country's leadership and defense system. Saw some smoke in the sky and heard a few loud bangs."Fortunately, the ...

02:43

Data: If BTC falls below $61,952, the cumulative long liquidation intensity on major CEXs will reach $1.216 billion

According to Coinglass data, if BTC falls below $61,952, the cumulative long liquidation intensity on major CEXs will reach $1.216 billion. Conversely, if BTC breaks above $68,392, the cumulative short liquidation intensity on major CEXs will reach $978 million.

02:43

Data: If ETH falls below $1,809, the cumulative long liquidation intensity on major CEXs will reach $791 million

According to Coinglass data, if ETH falls below $1,809, the cumulative long liquidation intensity on major CEXs will reach $791 million. Conversely, if ETH breaks above $1,998, the cumulative short liquidation intensity on major CEXs will reach $746 million.

00:43

Market news: Russia considers suspending peace talks unless Ukraine gives up some territory

According to market news, Russia is considering suspending peace talks unless Ukraine relinquishes some territory.

00:43

Data: A Polymarket user bet that the U.S. would not strike Iran, and after making over $2 million in profit in two months, suffered a single-day loss of $6.5 million

According to monitoring by Lookonchain, Polymarket user anoin123 had previously continued to bet that the U.S./Israel would not strike Iran, accumulating profits of over $2 million within two months.However, after the strike event occurred, anoin123 suffered a single-day loss of $6.5 million, turnin...