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$300M Bitcoin & TRUMP Bet by China-Linked Firm Sparks Ethics Firestorm

  • GDC, a company with zero revenue and eight employees, made a $300M Bitcoin and TRUMP bet according to a recent SEC filing.
  • This move by GDC coincides with President Trump considering a TikTok ban, while the company claims to operate its e-commerce business through the platform.
  • Critics are concerned about the ethical implications of GDC's actions, especially regarding potential financial benefits to the Trump family due to TRUMP token trading.
  • The funding for the crypto purchases will be sourced from a private stock placement to an undisclosed entity in the British Virgin Islands, raising concerns about transparency and potential foreign influence.

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