Democrats launch offensive on Trump’s connections to crypto industry
DOJ scales back efforts to fight cryptocurrency fraud
The Department of Justice is planning to scale back its legal fight against cryptocurrency fraud, according to an April 7 memo.
Straight Arrow News
WASHINGTON – Congressional Democrats are increasingly concerned about President Donald Trump‘s personal connections to the cryptocurrency industry, and that’s throwing a wrench in bipartisan efforts to regulate the digital currency.
Two of the cryptocurrency investments owned by Trump-affiliated entities have made at least $300 million in trading fees alone on sales of his meme coin and other digital currency since January.
In late April, a company affiliated with Trump promoted the $TRUMP meme coin by offering an “intimate private…
