Meanwhile, the Trump family’s crypto empire continues to expand. In late March, Eric Trump and Donald Trump Jr., the president’s sons, announced a new bitcoin mining venture. Shortly before that, the parent company of Truth Social, Trump’s social media platform, entered an agreement to launch a series of crypto-exchange-traded funds. President Trump himself has previously issued NFTs, in addition to his memecoin.
At least until July, by which time the US government’s new “working group on digital assets” is required to recommend an approach to overseeing the crypto industry, it will remain unclear which laws and regulations will be enforced against crypto businesses—and by whom. “There was a pretty clear sheriff in town: [former SEC chair Gary] Gensler. Now there’s not,” says LaVigne.
Though the new DOJ orders do not prohibit prosecutors from investigating crypto…
