The Wall Street Journal criticized President Trump for his opaque cryptocurrency business and potential conflicts of interest, suggesting he may be using his position to benefit his personal interests. The editorial called for Trump to disclose the identities of the winners of his crypto contest, highlighting the risk of foreign buyers attempting to influence U.S. policy. While Trump defends his actions, the Journal argues that transparency regarding his investors could fulfill his promise of running the most transparent administration in history.
The Journal's editorial board noted that the identities of the meme coin holders remain unknown, which raises ethical questions about foreign influence and transparency.
Trump responds to concerns about his crypto contest, asserting that it's above board; however, the Journal emphasizes the need for transparency regarding the winners.
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