US President Donald Trump’s business empire is rapidly expanding into the cryptocurrency market, sparking concerns within the industry. The president has expressed interest in digital assets and has invested in companies such as World Liberty Financial and Trump Media & Technology Group.
Critics argue that this increased involvement could lead to undue influence from corporate actors and foreign entities on the administration. Some lawmakers have also expressed skepticism about the role of cryptocurrencies in finance, citing concerns over investor protections and regulatory clarity.
However, industry leaders remain optimistic about the potential benefits of a more favorable regulatory environment. The Trump administration has rolled out proposals aimed at giving crypto the “regulatory clarity” that previous administrations failed to provide.
One key industry player, Vice President JD Vance, will soon outline the administration’s plan to forge a new and friendlier regulatory path for the industry. This comes as the SEC has dropped most of its lawsuits and investigations against major cryptocurrency firms.
Industry experts caution that Trump’s growing footprint in crypto could become a distraction from critical legislation advancing on Capitol Hill, including proposals for stablecoin regulation. Nevertheless, the president appears to have cemented his enthusiasm for digital assets, with many industry leaders hoping for tangible results in Washington.
As the administration prepares to implement its plans, concerns about ethics and conflicts of interest surrounding Trump’s business ventures continue to surface. Critics such as Public Citizen’s Lisa Gilbert warn that the situation is “inappropriate” and may revive opposition to the industry just months after Trump’s election.
Source: https://www.politico.com/news/2025/05/28/crypto-trump-industry-memecoin-00372101