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Donald Trump’s administration has reduced regulations in the cryptocurrency sector, benefiting the Trump family financially through their involvement in World Liberty Financial, which launched a stablecoin. This has raised concerns among congressional Democrats and watchdogs about Trump’s conflicts of interest and the risks posed by deregulation, especially as the SEC has halted investigations into various crypto firms. Critics argue that these moves could lead to financial instability and illicit activities, urging Congress to implement stricter regulations to protect consumers.
