Crypto law ensures turmoil due to connections to Trump and regulatory conflicts

A recently held hearing in the congress, which was supposed to serve to promote the regulation of digital assets, identified in a political controversy when MPs raised the question of whether the former President Donald Trump could personally benefit from the proposed Clarity Act.

What as discussion The structure of the cryptoma markets began quickly when Maxine Waters Trump accused Memps of Trump's business relationships-especially through companies such as World Liberty Financial, a crypto platform that is said to be connected to its closest circle.

She claimed that the draft law could pave the way for Trump to use the regulation for private purposes and possibly lead tax money “to his digital wallet”.

In view of these concerns, democratic MPs called for a formal examination of Trump's financial connections to crypto companies.

The former CFTC chairman Timothy Massad supported this claim and warned that every regulatory framework that does not offer transparency in terms of political interdependencies would damage the credibility of the sector.

Waters also warned of risks to national security and criticized the draft law that he did not fight fraud and do not protect and small investors. Despite the strong resistance, the Clarity Act is expected to come to the committee by June 10th.

While another draft law – the Genius Act, which has the goal of supervision on stable coins – has already been adopted, the recent debate indicates that the regulation of cryptocurrencies could now be shaped by politics as well as politics.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.