Trump’s push to deregulate crypto is touted as a win for innovation and financial freedom.
Bitcoin is experiencing heightened optimism due to US President Donald Trump's trade agreement with the UK, benefiting from a deregulated crypto environment. However, this deregulation favors a select few, particularly entities like World Liberty Financial (WLF), linked to Trump’s family, which launched its own stablecoin amid reduced oversight. Critics highlight conflicts of interest, as Trump's pro-crypto stance appears to serve business interests rather than the public. The rise of "politico-coins" raises concerns about centralized influence in crypto. The current landscape reflects a shift from financial empowerment to speculation, leaving everyday investors disadvantaged. The focus should return to providing financial access for the unbanked and underrepresented, emphasizing practical uses of crypto rather than investment speculation. The crypto community must realign with its original mission to disrupt traditional power structures.
