Anthony Scaramucci warns: Trump's Crypto Assets project could trigger corruption.

Former White House Communications Director Anthony Scaramucci warned that Trump's involvement in the Crypto Assets space could lead to policy corruption. He cited data showing that the distribution of profits from Trump's meme coins is highly uneven, with only about 60 wallets making a profit, while 764,000 wallets face losses, which deeply concerns him.

At the Financial Times Digital Assets Summit, Scaramucci emphasized that both parties need to reach a consensus on Crypto Assets regulation to prevent emerging investments from diverting focus. He warned that some investors are profiting from their relationships with the president, exacerbating corruption risks. He stressed that eliminating such distractions is key to gaining the trust of skeptical veteran lawmakers.

Despite criticizing Trump’s crypto trading, Scaramucci still gave his administration a "B+" or "A-" for its digital asset policy. He praised White House crypto advisor David Sacks for garnering support from Democrats for Bitcoin reserves, but opposed Trump pushing Bitcoin strategy through executive orders, believing it laid hidden dangers for regime change.

The market performance of Trump coin (TRUMP) has also attracted attention. According to data from Chainalysis and CNBC, 2 million wallets participated in the purchase, but 764,000 wallets are at a loss, with only 58 wallets having profits exceeding 10 million dollars.

The official website of Trump Coin announced that holders have the opportunity to have dinner with Trump. The event is scheduled to take place on May 22 at the Trump National Golf Club. After the announcement, market interest in Trump Coin surged, with its market value reaching 2.7 billion dollars at one point.

Chainalysis also found that since April 15, among the approximately 100,000 new wallets that joined the project, 54,000 were newly created after the dinner announcement. Although 80% of the token supply has not yet been unlocked, insiders have earned over $324 million through related transaction fees.

However, Trump Coin ($TRUMP) and World Liberty Financial are facing scrutiny from the U.S. Senate. Lawmakers are focusing on potential conflicts of interest with the presidential family, ownership structure, and sources of funding.

This series of events highlights the complexity and potential risks brought about by the intertwining of Crypto Assets and politics, making future developments worth close attention.

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