#CFTCCryptoSprint The strongest cryptocurrency company in Washington is becoming a nuisance to the sector. After more than four months since his return to the White House, President Donald Trump's business empire is quickly establishing itself as a new empire in the cryptocurrency space. 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 the inauguration day. Last week, the president attended a private dinner at his golf club in Virginia for major holders of the "MemeCoin," which sparked national media coverage. On Tuesday, the Trump Media and Technology Group, in which Trump holds a majority stake, unveiled plans to raise $2.5 billion to fund a Bitcoin purchasing campaign. The rapidly growing cryptocurrency interests of the Trump family have, as expected, sparked outrage among progressive advocacy groups, Democratic lawmakers, and ethics watchdogs. But they also raise concerns within the sector itself. As crucial legislation advances 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 global capital of cryptocurrency.
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