White House rejects conflict-of-interest concerns as Trump’s crypto earnings soar – US politics live

According to The Guardian, the White House is defending President Trump against conflict-of-interest accusations as his cryptocurrency holdings surge in value. A spokesperson said Trump has 'proudly made the United States the crypto capital of the world.' But California Governor Gavin Newsom challenged that claim, suggesting Trump has enriched himself through crypto while his supporters lost money — what's known as being 'rug-pulled' in crypto circles, when a project's creators abandon investors after taking their funds.

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