#TrumpBitcoinEmpire

The strongest cryptocurrency company in Washington has become a source of disruption in the sector.

After more than four months since his return to the White House, President Donald Trump's business empire is quickly solidifying its position as a new empire in the cryptocurrency field. Its interests in this loosely regulated sector include the emerging digital asset company 'World Liberty Financial' and the 'Trump MemeCoin', a high-risk cryptocurrency launched just before Inauguration Day. Last week, the president attended a private dinner at his golf club in Virginia for major holders of 'MemeCoin', which garnered national media coverage. On Tuesday, Trump's media and technology group, in which Trump holds a majority stake, revealed plans to raise $2.5 billion to fund a Bitcoin purchasing campaign.

The rapidly growing interests of the Trump family in the cryptocurrency space have, as expected, sparked outrage from progressive advocacy groups, Democratic lawmakers, and ethics watchdogs. But they also raise concerns within the sector itself. With critical legislation advancing in Congress, many lobbyists and executives say they are worried that the president may undermine their political agenda and even threaten efforts to establish the United States as the world's capital of cryptocurrency.