Trump Family Crypto Ventures Spark Regulatory Concerns in U.S.

The Trump family’s foray into the cryptocurrency world, including a US dollar-backed stablecoin project named USD1, has reignited concerns about political influence and regulatory oversight within the crypto industry. As Donald Trump Jr. and Eric Trump expand their digital asset ventures, experts warn that these actions could disrupt US regulatory efforts for stablecoins and broader crypto market regulations. TD Cowen believes these activities may create delays in the development of legislation aimed at establishing a clear framework for the industry.