According to Cointelegraph, U.S. President Trump’s trade agreement with the UK boosted market confidence and fueled optimism for Bitcoin. However, the Trump administration's deregulation policies on cryptocurrencies raised concerns about centralization of power.
The Trump family's cryptocurrency venture, World Liberty Financial, launched stablecoins and digital tokens, while the Justice Department disbanded the national cryptocurrency enforcement team. Critics worry that this policy favors a select few.
The politicization of the cryptocurrency market has raised concerns about loyalty and influence. The Trump administration's policies have been criticized as a continuation of capitalism, failing to deliver on the promise of financial freedom through cryptocurrencies.
The unbanked population needs a true financial revolution, not politicized cryptocurrencies. The community should return to its original intention of providing real financial access, rather than merely serving as an investment tool.