🧵 Thread: Is the U.S. Becoming a Crypto Kleptocracy? 🇺🇸💰

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Trump's Crypto Empire: A Conflict of Interest?

Former President Donald Trump is deeply entwined in the crypto world. His media company, Trump Media & Technology Group, plans to acquire $2.5 billion in Bitcoin, raising concerns about potential conflicts of interest.

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$TRUMP Token and Foreign Investments

Trump's promotion of the $TRUMP token and hosting of a $148 million fundraiser for top buyers, many of whom are foreign investors, raises ethical questions about the intersection of politics and cryptocurrency.

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Regulatory Rollbacks and Favoritism

Under Trump's influence, regulatory actions against major crypto platforms like Coinbase and Kraken have been relaxed. This selective enforcement benefits certain players while undermining the integrity of the financial system.

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The GENIUS Act: A Double-Edged Sword?

The Senate's GENIUS Act aims to regulate stablecoins, but critics argue it may favor established players and stifle innovation, potentially consolidating power among a few entities.

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Implications for the Average Investor

These developments could lead to a crypto landscape where political connections outweigh technological merit, making it harder for new entrants and increasing risks for everyday investors.

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Conclusion: Vigilance is Key

As crypto becomes more intertwined with politics, it's crucial to stay informed and critically assess the motivations behind major moves in the industry.