The Trump family's ventures into the cryptocurrency sector are growing, with Eric Trump and Donald Trump Jr. launching a bitcoin mining venture and their parent company launching crypto-exchange-traded funds. This comes amid a backdrop of regulatory uncertainty as the U.S. government works on a new approach to overseeing the crypto industry. There is concern regarding the lack of clear regulation and the impact this has on prosecutions and enforcement of laws pertaining to crypto businesses. As a result, many believe firms may operate with increased risk tolerance for the time being.
At least until July, it will remain unclear which laws and regulations will be enforced against crypto businesses. The situation has left many lawyers and industry insiders unsettled.
The upshot is likely to be that crypto firms are left alone to pursue experimental types of crypto tokens, transactions or products, even if they stretch the limits of applicable laws.
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