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Trump’s Crypto Playbook Is Now Clear
His business dealings and policy agenda are now in perfect alignment.
At least, it’s one that transcends sheer self-enrichment: In the past year, members of the Trump family have launched two meme coins and announced a majority stake in a new crypto firm, World Liberty Financial. The same week that Don Jr. spoke at the Bitcoin Conference, the Department of Labor eased a Biden-era guidance that made it difficult for Americans to invest their 401(k) plans in crypto because digital currencies can be volatile and prone to hacks. Especially after the downfall of Sam Bankman-Fried, Gensler was focused on prosecuting individual crypto companies—a policy now derisively referred to as “ Operation Choke Point 2.0 ” (a nod to the Obama-era initiative that put pressure on banks to stop working with payday lenders, pawn shops, and certain other businesses).
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