PiCK
Eric Trump: "Limits on major shareholders’ stakes in crypto exchanges? Unthinkable in the U.S."
Summary
- Eric Trump, executive vice president of the Trump Organization, was reported to have expressed a negative view of discussions in South Korea on limits on major shareholders’ stakes in crypto exchanges.
- At a private dinner in Yeouido, he was reported to have said regulations limiting exchange ownership stakes could not happen in the U.S.
- This was described as contrasting with the Financial Services Commission (FSC), which is reviewing a policy to limit major shareholders’ stakes in crypto exchanges in light of their role as part of the public infrastructure.
Eric Trump, the second son of U.S. President Donald Trump and executive vice president of the Trump Organization, has been reported to have expressed a negative view of discussions in South Korea on limiting major shareholders’ stakes in virtual-asset (crypto) exchanges.
According to political circles on the 12th, Trump is said to have responded at a private dinner held on the 9th in Yeouido, Seoul, to regulations capping exchange ownership stakes, saying, "Is that kind of limit even possible? That couldn’t happen in the U.S."
The remarks stand in contrast to the Financial Services Commission’s policy direction. The FSC is reviewing measures to cap major shareholders’ stakes below a certain level, considering crypto exchanges’ role as part of the public infrastructure.
YM Lee
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