Donald Trump's presidency has led to significant deregulation in the cryptocurrency sector, primarily benefiting him and influential backers. In a drastic shift, the S.E.C. has dismantled its crypto enforcement program, halting investigations and reducing staff focused on crypto oversight. Critically, Trump's family has entered the crypto market by launching their own ventures, which raises ethical questions about potential conflicts of interest. Experts warn that this deregulation could amplify criminal activity and jeopardize financial market integrity, as concerns grow over the unchecked expansion of speculative assets like memecoins.
The S.E.C. has eliminated its crypto-enforcement program under Trump's administration, pausing nearly all crypto-related lawsuits and gutting key regulatory units.
Trump's family is launching various crypto ventures, potentially reaping considerable profits while deregulating the industry, which critics argue may increase financial risks.
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