- Trump is making big changes to crypto rules while his family launches their own coin.
- Experts are worried this could lead to unfair advantages and possible scams.
- People want clear rules that help the crypto world grow but still keep it safe.
The world of cryptocurrency in the U.S. is going through some major changes, and much of it has to do with former President Donald Trump. His team has started loosening the rules that govern digital currencies, and at the same time, his own family has launched a new stablecoin called USD1. These two developments happening side by side have sparked concerns about fairness, transparency, and security.
Trump Loosens Crypto Rules
Over the past few months, Trump’s administration has rolled back several important crypto regulations. One of the biggest moves was shutting down a special department in the Justice Department that used to monitor crypto-related crimes. According to The Guardian, this has made many experts uneasy. They fear that fewer rules could open the door for scams, fraud, and illegal activities.
Supporters of deregulation believe it will help the crypto market grow faster by removing red tape. But critics warn that without clear rules, people could lose trust in the system — and that could be dangerous for both the economy and investors.
Trump Family Joins the Crypto Business
What’s making this situation even more complicated is that the Trump family is now directly involved in the crypto world. A company linked to them, World Liberty Financial, has launched a new digital coin called USD1. It’s a type of stablecoin — a digital currency tied to the U.S. dollar to keep its value steady.
This move is raising serious questions. If Trump is reducing government oversight of crypto while his own family is starting a crypto business, is that fair? Many lawmakers and financial experts are worried it could create a conflict of interest. They say it’s a problem when someone in power makes rules that benefit their own business.
Why It Matters for the Public
Cryptocurrencies are still fairly new, and the industry needs clear, balanced rules to protect people. Without strong guidelines, the market could become risky. Investors might get scammed, and the overall trust in digital money could fall apart.
On top of that, if the U.S. appears too relaxed about crypto rules, it could lose its influence globally. Other countries might stop looking to America as a leader in financial innovation.
This is why many experts believe that while innovation is important, so is regulation. There needs to be a middle ground — one where the industry can grow, but people still feel safe and protected.
