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U.S. Crypto Deregulation Raises Political Risks
A report from the Center for Political Accountability highlights significant risks due to increased political spending by cryptocurrency companies and a deregulatory push under President Trump's administration. Over $134 million was spent by crypto firms in the 2024 election, influencing political outcomes and regulatory environments. Concerns include the dropping of SEC lawsuits against companies, and the establishment of a U.S. Crypto Reserve. The report draws parallels to Argentina's crypto collapse under President Javier Milei, emphasizing the dangers of unchecked crypto influence in politics