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[Bloomberg: Trump'S New Policies Plunge The Crypto Space Into Chaos, Lack Of Oversight Of The President In The U.S. System] February 7Th, Bloomberg Published An Article Questioning The Series Of Actions Taken By Trump In The Crypto Space Since Taking Office, Stating That President Trump And His Entourage Seem Eager To Establish Their Crypto Empire. The Family Not Only Hopes To Lead The U.S. Towards A More Crypto-Friendly Regulatory Environment But Also Aims To Have A Stake In The Positive Outcome.Based On The Current (Volatile) Spot Price, The Trump Holdings Of The Trump-Related Entities Are Currently Valued At Around $14.9 Billion, With Equally Incredible Risks Involved. As Token Buyers And Industry Insiders See An Opportunity To Curry Favor With Trump, Cronyism And Corruption Are Sure To Rise. Moreover, Ethical Risks Coexist.When Eric Trump Tweeted In A Friendly Manner Suggesting Ethereum Is A Good Buy, He Was By No Means A Neutral Observer—When He Deleted The Phrase "You Can Thank Me Later" From His Post On X, He Seemed To Realize This. At The Same Time, The Company Shifted Most Of Its Reserves To Coinbase Global Inc., Despite Denying Any Selling Plans, Making It Difficult To Assess The Specific Insider Information Involved. Trump'S Tariff Policy Is Certainly Not Favorable To The Crypto Market, And The Pumping Effect By Eric Trump Is Equally Limited.Bloomberg Believes That If Effective Enforcement And Strengthening Of Regulations Cannot Be Carried Out, Oversight Of The President'S Actions Will Become Ineffective, And Currently, Trump Seems Undisturbed By Any Constraints. The Series Of Actions By Trump And Musk Is A "Textbook Case Of Overconfidence," Especially Considering Trump Was Once Convicted Of Fraud
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