House Democrats Decry Trump's Crypto Alliances as a 'New Age of Corruption' in Scathing Report

12 hours ago7 min read2 comments

House Democrats have released a comprehensive report characterizing former President Donald Trump's engagements with the cryptocurrency industry as a 'New Age of Corruption. ' The document serves as a detailed opposition brief, alleging the Trump campaign systematically sought support from major crypto figures by privately positioning itself as a future administration that would deliver a friendlier regulatory environment.The report contends this outreach was a strategic move to secure financial backing and political influence, portraying Trump's recently vocal pro-crypto stance as a direct quid pro quo for industry donations rather than a genuine policy belief. This modern influence-peddling scheme, Democrats argue, leverages emerging digital asset networks and wealthy founders as new, powerful political conduits, setting a troubling precedent where complex financial technologies become central to campaign politics.For voters, the report aims to frame Trump's crypto advocacy as fundamentally corrupt. For the cryptocurrency sector, this political alignment presents a significant risk, offering potential regulatory gains while permanently entangling the industry's future with a polarizing figure and the nation's intensifying political battles.

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