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The organization insisted that the bill was designed in a way that could hurt smaller businesses because of a lack of clarity. Opponents of the measure argued that the bill could criminalize promotional sweepstakes and marketing tools that some small businesses and major non-gaming brands use. Despite these concerns, Trump’s company has stated that he has relinquished day-to-day management of his assets to his children, ensuring a separation between his political pursuits and business operations. At the conference, Sun moderated a panel featuring Witkoff and Eric Trump, Donald Trump’s son, further intertwining the Trump family’s interests with the burgeoning world of cryptocurrency. Zhao, who stepped down from his role at Binance amid a $4.3 billion settlement and four month imprisonment with US authorities over money laundering violations last year, continues to hold a significant stake in the exchange.

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