Over 20% of Trump administration officials held cryptocurrencies, in stark contrast to zero crypto background in the Biden era

According to BlockBeats, on May 17, The Washington Post published a feature article pointing out that nearly 70 senior officials and nominees in the Trump administration (over 20%) held cryptocurrency or blockchain-related investments, with a minimum disclosed value reaching $193 million. Among them, Trump himself holds at least $51 million, while Vice President Vance and several cabinet members also have holdings worth millions of dollars.

The article states that this represents a "historic reversal" for the crypto industry: numerous figures from the technology/crypto sector have entered government, regulations have become more relaxed (such as the SEC suspending lawsuits, promoting a Bitcoin strategic reserve, and stablecoin legislation). This stands in stark contrast to the Biden era, though critics are concerned about potential conflicts of interest and ethical issues.