$ENA The strongest company in the field of cryptocurrencies in Washington has begun to become a nuisance for the sector.

After more than four months of returning to the White House, President Donald Trump's business empire is quickly establishing itself as a new empire in the field of cryptocurrencies.

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 sparked national news coverage. On Tuesday, the Trump Media & Technology Group, in which Trump has a majority stake, announced plans to raise $2.5 billion to fund a Bitcoin acquisition campaign.

The rapidly growing interests of the Trump family in the field of cryptocurrencies have, as expected, provoked outrage among progressive advocacy groups, Democratic lawmakers, and ethics watchdogs. But it is also causing concern within the sector itself. As critical legislation progresses 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 capital of cryptocurrencies in the world.