The article discusses the rapidly evolving landscape of the cryptocurrency industry under the influence of former President Donald Trump, who has launched multiple cryptocurrencies and related ventures. With significant changes in regulatory oversight, as highlighted by Corey Frayer, a former SEC adviser, there's a concern that political motivations are guiding decisions in the financial regulatory space. The moves by Trump's business interests appear timed to benefit from relaxed scrutiny, prompting fears of unaddressed conflicts of interest and a lack of accountability for major firms in the crypto market.
The decisions of financial regulators aren't guided by independent expertise; they are generated by a desired policy outcome dictated by politics.
The dismissal of important enforcement actions has sent a clear message that the largest firms in crypto can operate without fear of accountability.
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