Crypto Assets industry becomes the new darling of American politics

Recently, the Crypto Assets industry has been playing an increasingly important role on the political stage in the United States. This change is mainly attributed to the investments of the presidential family, a friendly regulatory environment, and the industry's generous spending on political elections.

In late April, a logistics company in Texas announced plans to make a large-scale purchase of TRUMP Meme coin, a Crypto Asset related to the president. At the same time, Pakistan reached a collaboration with World Liberty Financial(WLF), a company linked to the president's family, to promote the development of digital assets in the country. These events signify a significant increase in the influence of the Crypto Assets industry in Washington.

Unlike other industries that have long-standing close ties with politics, the Crypto Assets industry has undergone a rapid transformation from marginalization to being highly favored. At the beginning of the president's term, the total global market capitalization of Crypto Assets was less than 20 billion dollars, and it has now exceeded 3 trillion dollars. The regulatory attitude has also changed significantly, shifting from strict regulation to a more lenient stance.

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The investments of the president and his family in the Crypto Assets sector are increasing. The USD1 stablecoin launched by WLF has become one of the largest dollar-pegged Crypto Assets in the world. In addition, the TRUMP Meme coin and the Meme coin launched by the First Lady have also attracted market attention. These investments may have become the Trump family's largest single business line.

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The crypto industry also influences policy through large-scale political donations. Super PACs like Fairshake raised enormous funds in the last election cycle, becoming the largest nonpartisan super PAC. These organizations promote industry interests by supporting friendly candidates and opposing critics.

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However, the close relationship between the presidential family and the Crypto Assets industry has also sparked controversy. Some critics argue that investors purchasing Crypto Assets related to the president are doing so to appease the government. This conflict of interest could affect the legislative process, making it more challenging for Crypto-friendly bills to pass.

Although industry leaders remain optimistic about the future legislative prospects, some insiders are critical of the presidential family's Crypto Assets investments. They are concerned that this association may hinder the passage of legislation favorable to the industry.

Overall, the influence of the Crypto Assets industry in American politics is rapidly rising, but its close ties to the presidential family have also brought new challenges and controversies.

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