Trump’s pushing into the Deregulate Crypto is touted as a win for change and financial freedom.
Opinion by: Elias Vilochkin, Chief Product Officer of Changenow
Bitcoin’s optimism is naturally running high. US president’s trade agreement Donald Trump in the UK has issued a revolt in global markets, and Bitcoin (Btc), as the ultimately boundless owner, reaps benefits.
The presentation behind the Trump administration’s aggressive push to regulate the crypto industry, however, is a integration of power that favors a few while ignoring many.
Cryptocurrency is designed for everyday people -those with sufficient financial financial systems to prioritize income in people’s interests. Bitcoin emerged from the ashes of the financial crisis in 2008 as a radical financial sovereignty experiment, not an exercise in empowering fence funds and political elites.
That’s exactly what happens. Trump’s administration has taken steps to quickly deregulate the industry behind a crypto friendly agenda. The adventure of his family, the World Liberty Financial, is a clear example. In direct relationships with Trump’s children, the WLF launched its own stablecoin and digital tokens as the administration began. At the same time, the Department of Justice abolished the national cryptocurrency implementation team, which scraps investigations that sometimes target laundering and fraud.
From financial freedom to political favorites
Guardians and critics raise alarms about conflicts of interest. Trump’s public enthusiasm for digital currencies is a business strategy. The aggressiveness of his administration deregulation The benefits of WLF and others are like this, writing them from thorough investigation as they expand their financial reach.
Worse is the politics of the crypto itself. The coins that are linked to political figures, such as Trumphas flooded the market. The rally around so-called “politico-coins” has to do with honesty and influence. There is a growing concern that political actors use crypto to produce new forms of centralized influence.
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Trump’s administration painted itself as the Blockchain’s Great Liberator, but the final result looks like capitalism, with the promise of financial strengthening that is aware of the imaginations. The World Liberty Financial, Flush with new capital, will charge early as the sun -day -to -day investors are left navigating a scene designed to keep them in a disadvantage. Everyone receives a message that financial freedom is sold – but if you are in the right circle.
The unlucky deserving is better than this
This is not promised in the financial revolution. It’s a rerun of the same old game: the strong richer, the regulators become a blind eye, and the rest of us are left holding a bag.
It is time for the unchanged, the non -indicated and those who have failed by traditional finances to hear their voice. We must eliminate political bonds and return to the basic mission of providing real finance access to those in need.
This means to show people how crypto can help their daily life rather than just talk about it as an investment. It looks like sending home money to family without losing 20% on remittance fees or saving on stable digital dollars when your local currency crashes.
Trump’s getting into crypto talks a big game about freedom, but under it, you’ll see the same old electricity structures in play. If the crypto ever lives up to its potential, the community will have to return to what it sets to do in the first place: break the mold, it will not boost.
Opinion by: Elias Vilochkin, Chief Product Officer of Changenow.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
