{"id":21715,"date":"2025-03-04T12:26:44","date_gmt":"2025-03-04T10:26:44","guid":{"rendered":"https:\/\/forklog.com\/en\/peter-schiff-accuses-donald-trump-of-largest-crypto-scam\/"},"modified":"2025-03-04T12:26:44","modified_gmt":"2025-03-04T10:26:44","slug":"peter-schiff-accuses-donald-trump-of-largest-crypto-scam","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/peter-schiff-accuses-donald-trump-of-largest-crypto-scam\/","title":{"rendered":"Peter Schiff Accuses Donald Trump of &#8216;Largest Crypto Scam&#8217;"},"content":{"rendered":"<p>Peter Schiff, president of Euro Pacific Capital and a noted bitcoin critic, has called on Congress to investigate U.S. President Donald Trump&#8217;s actions in the cryptocurrency sector.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Donald Trump, the first crypto President, just helped pull off the biggest crypto rug pull of all time. A Congressional investigation is now warranted to find out the following regarding this pump and dump scheme.<\/p>\n<p>Who authored the two Sunday afternoon posts on the President&#8217;s\u2026<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1896660831880007729?ref_src=twsrc%5Etfw\">March 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert&#8217;s statement followed <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-orders-creation-of-a-us-crypto-reserve\">reports<\/a> of a potential inclusion of SOL, XRP, and ADA in the U.S. crypto reserve alongside bitcoin and Ethereum.<\/p>\n<p>According to Schiff, the politician&#8217;s posts on the Truth Social platform could have been part of a Pump &#038; Dump scheme. He called it the &#8220;largest crypto scam in history&#8221; and added that the authorship of the posts requires verification.<\/p>\n<p>The expert demanded to find out how much money was invested by insiders in cryptocurrencies XRP, ADA, SOL, BTC, and ETH and what profits they gained from subsequent sales.<\/p>\n<p>Schiff also suggested examining the communications of Trump&#8217;s team members and those involved in preparing the posts. In his view, access to insider information might have been used for illegal profit.<\/p>\n<p>Other industry representatives joined the discussion. SkyBridge Capital head Anthony Scaramucci supported Schiff, noting that such actions harm the industry.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Peter is right about this. This hurts and doesn\u2019t help the industry. <a href=\"https:\/\/t.co\/fqR7HQEy9y\">https:\/\/t.co\/fqR7HQEy9y<\/a><\/p>\n<p>\u2014 Anthony Scaramucci (@Scaramucci) <a href=\"https:\/\/twitter.com\/Scaramucci\/status\/1896666406436954182?ref_src=twsrc%5Etfw\">March 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Politician Aaron Day proposed investigating the financial activities of &#8220;crypto czar&#8221; David Sacks and his family.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Also, investigate David Sacks crypto holdings (and his immediate family). <\/p>\n<p>This reeks of cronyism, if not outright fraud. Taxpayer theft shouldn\u2019t be used to purchase ANY digital assets. <a href=\"https:\/\/t.co\/Hq0zIxE08t\">pic.twitter.com\/Hq0zIxE08t<\/a><\/p>\n<p>\u2014 Aaron Day (@AaronRDay) <a href=\"https:\/\/twitter.com\/AaronRDay\/status\/1896674633862283301?ref_src=twsrc%5Etfw\">March 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;This reeks of cronyism, if not outright fraud. Taxpayer theft shouldn\u2019t be used to purchase any digital assets,&#8221; he stated.<\/em><\/p>\n<\/blockquote>\n<p>On March 3, Sacks confirmed that he sold all his cryptocurrencies before the new U.S. administration took office.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration. <a href=\"https:\/\/t.co\/dN6nuGQUtu\">https:\/\/t.co\/dN6nuGQUtu<\/a><\/p>\n<p>\u2014 David Sacks (@DavidSacks) <a href=\"https:\/\/twitter.com\/DavidSacks\/status\/1896398256357384310?ref_src=twsrc%5Etfw\">March 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in January, Trump&#8217;s cryptocurrency initiatives <a href=\"https:\/\/forklog.com\/en\/news\/us-congress-scrutinises-the-ethics-of-donald-trumps-crypto-ventures\">caught the attention of Congress<\/a>, and in February, Public Citizen urged the U.S. Department of Justice and Office of Government Ethics to <a href=\"https:\/\/forklog.com\/en\/news\/activists-accuse-donald-trump-of-legal-violations-over-trump-coin\">investigate TRUMP<\/a> for potential violations of federal corruption laws.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff, president of Euro Pacific Capital and a noted bitcoin critic, has called on Congress to investigate U.S. President Donald Trump&#8217;s actions in the cryptocurrency sector. Donald Trump, the first crypto President, just helped pull off the biggest crypto rug pull of all time. A Congressional investigation is now warranted to find out the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1254,991,1298,842,26],"class_list":["post-21715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anthony-scaramucci","tag-donald-trump","tag-peter-schiff","tag-politics","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21715"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21714"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}