{"id":571,"date":"2024-12-09T11:00:29","date_gmt":"2024-12-09T11:00:29","guid":{"rendered":"https:\/\/europe.fintechnews.media\/?p=571"},"modified":"2024-12-09T11:00:30","modified_gmt":"2024-12-09T11:00:30","slug":"at-gulf-bitcoin-gathering-trump-family-and-allies-to-bask-in-crypto-industrys-euphoria-fintech-news-europe","status":"publish","type":"post","link":"https:\/\/europe.fintechnews.media\/?p=571","title":{"rendered":"At Gulf Bitcoin Gathering, Trump family and allies to bask in crypto industry\u2019s euphoria \u2013 Fintech News Europe"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">NEW YORK: Several key players in President-elect Donald Trump\u2019s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speakers include the president-elect\u2019s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder of World Liberty Financial, a crypto platform launched in September that Donald Trump and his family helped form.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eric Trump will deliver Tuesday\u2019s keynote address at the Bitcoin MENA conference, which is projected to draw more than 6,000 people, and will then hold a \u201cwhale-only\u201d chat in the conference\u2019s VIP lounge, according to the event\u2019s agenda.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Witkoff will also speak separately to that more exclusive crowd, which requires a $9,999 \u201cwhale\u201d pass, a nickname for large players who have potential to move a market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The president-elect is World Liberty Financial\u2019s chief crypto advocate, and sons Eric, Don Jr. and Barron are ambassadors, according to the WLF website.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Company filings show Donald Trump is entitled to 22.5 billion WLF tokens and a share of its revenues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.brecorder.com\/news\/40336201\/bitcoin-hits-100000-for-first-time\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin hits $100,000 for first time<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe bitcoin conference carries a lot of significance for crypto as it\u2019s one of the longest-running conferences focused on bringing our industry together,\u201d said Marshall Beard, chief operating officer of Gemini, the crypto exchange founded by Trump backers Cameron and Tyler Winklevoss.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s been incredible to see the rise of bitcoin alongside the growth of the conference \u2026 and crypto became a major campaign issue in this year\u2019s presidential election.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other speakers also have close ties to World Liberty Financial, including Justin Sun, the 32-year-old Chinese founder of blockchain platform Tron.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Three weeks after Trump won the Nov. 5 election, Sun posted on X that he bought $30 million worth of WLF tokens, making him the venture\u2019s largest investor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sun was charged with crypto-related fraud and securities violations under the Biden administration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Gulf gathering is occurring at an inflection point for the industry as Trump, once a crypto skeptic, has vowed he will be the \u201ccrypto president\u201d and make America the new \u201ccrypto capital of the planet.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buoyed by these promises, bitcoin smashed records last week when it hit $100,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump also named a White House czar for artificial intelligence and cryptocurrencies, former PayPal executive David Sacks, a close friend of Trump adviser and megadonor Elon Musk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Musk, whose companies include X, SpaceX and Tesla, spent more than a quarter of a billion dollars to help elect Trump in 2024, records show.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other technology and digital asset veterans also gave millions to candidates friendly to the industry, according to analytics firm Breadcrumbs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.brecorder.com\/news\/40336044\/to-100000-and-beyond-bitcoins-wild-ride\" target=\"_blank\" rel=\"noreferrer noopener\">To $100,000 and beyond: Bitcoin\u2019s wild ride<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump\u2019s 2016 campaign manager, Paul Manafort, will address the conference on \u201cA Life of Politics with the Man Closest to Donald Trump.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Binance founder Changpeng Zhao, who served a four-month US prison sentence this year for crypto-tied money-laundering law violations, will also hold a whale session at the conference.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump, his family members, other speakers and their firms did not respond to requests for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Several key players in President-elect Donald Trump&rsquo;s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. Speakers include the president-elect&rsquo;s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[4],"tags":[167,65,1781,1782],"class_list":["post-571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-europe","tag-fintech-news-europe","tag-gulf-bitcoin-gathering","tag-gulf-region"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>At Gulf Bitcoin Gathering, Trump family and allies to bask in crypto industry\u2019s euphoria \u2013 Fintech News Europe - Fintech News Europe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/europe.fintechnews.media\/?p=571\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"At Gulf Bitcoin Gathering, Trump family and allies to bask in crypto industry\u2019s euphoria \u2013 Fintech News Europe - Fintech News Europe\" \/>\n<meta property=\"og:description\" content=\"NEW YORK: Several key players in President-elect Donald Trump&rsquo;s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. 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