The cryptocurrency sector welcomes a significant piece of news. The Trump family
Crypto giants clash with political forces! CZ meets with Trump-affiliated projects, SEC regulation is in a trust crisis, crypto giants meet with political forces, and the independence of the SEC is drawing attention!
Recently, the cryptocurrency sector welcomed a significant piece of news. The Trump family's cryptocurrency project World Liberty
Financial (WLFI) announced on the X platform that its founders Zach Witkoff, Zak Folkman, and WatcherChase successfully met with Binance founder Zhao Changpeng in Abu Dhabi. The two parties discussed key issues such as promoting the globalization of cryptocurrency and setting new industry standards, aiming to create broader development space for the cryptocurrency industry.
Zhao Changpeng himself also confirmed in a post that he met with Zach Witkoff and Bilal Bin Saqib that day, and made a prediction about potential negative reports, stating that he would continue to focus on building without being disturbed by external factors.
This meeting comes at a time when the Trump family's cryptocurrency business is taking frequent actions, and a series of developments have raised market scrutiny on the independence of the U.S. Securities and Exchange Commission (SEC). Trump's son Eric Trump plans to attend the Token2049 conference alongside Sun Yuchen and World Liberty Financial co-founder Zack Witkoff, and Trump’s TRUMP dinner plan is also progressing. This series of events puts enormous pressure on the SEC; if it gives special treatment to digital asset projects closely tied to politics, it will inevitably raise doubts about its fairness, posing a severe challenge for the new chairman Paul Atkins.
Currently, there is indeed an intention within the SEC to promote cryptocurrency reform, but the external suspicion of its political bias poses many obstacles to its actions. In the future, if Atkins can find a balance between advancing regulatory modernization and ensuring fair enforcement, the SEC is expected to regain its global leadership position in the field of digital asset regulation; conversely, once caught in partisan disputes, even reform measures with good intentions may stagnate.
The cryptocurrency industry currently maintains a cautiously optimistic attitude, anticipating improvements in the regulatory environment while also remaining highly vigilant about potential conflicts of interest. After all, as long as the shadow of conflicts of interest remains, the reform achievements of the SEC in the cryptocurrency field may be overshadowed, and the healthy development of the industry will continue to face uncertainty.
